With AutoInvest, you can automatically invest a preset amount each month. It can be the perfect solution for those who want to invest in ETFs regularly without monthly fees.
You have full control over your investments by choosing from a selection of ETFs, and you can decide how much to invest. Just like with your regular positions and portfolios, you can track your performance. The AutoInvest is currently offered in the currency SGD.
How do I get started?
Get started with AutoInvest in these 3 simple steps:
1. Choose what you want to invest in and by what amount
Choose which ETFs you want to invest in.
2. Transfer funds and set up a monthly payment
Set up a monthly automatic payment from your personal bank account to your AutoInvest account. You can always change the amount.
3. Your AutoInvest is now ready and your funds will be invested automatically each month
Your AutoInvest is now ready and you can track the performance on the platform. Please make sure that your monthly payments cover the amount set to be invested.
Set up AutoInvest
You can set up an AutoInvest account from multiple places.
To opt into AutoInvest, please use our platform via a web browser or mobile app. SaxoTrader for desktop currently doesn't support this feature.
You can go to Request AutoInvest account under My Profile/main menu.
After you click Start Now, choose the account you just opened to select the ETFs.
You can also easily access your Portfolio to locate any AutoInvest account that you haven't fully set up yet.
Or you can start in Portfolio > Get Started under AutoInvest section.
After you click Start new or any existing AutoInvest account, you will be able to choose how much you want to invest monthly and the ETFs you want to invest in.
Click Add more to add ETFs.
After you save your selections, you can set up a monthly transfer via eDDA/eGIRO:
Please note: only after you set up the eDDA mandate successfully the Recurring deposit will be clickable. If your eDDA mandate has expired (not active) the Recurring deposit will be greyed out and you need to set up the mandate from Deposit first. More details about eDDA set up please click here.
After you set up the eDDA mandate for the first time, it's important to understand that the mandate itself is simply a linkage between your bank account and your Saxo account. It does not automatically transfer any funds. To start sending money to your Saxo account on a regular basis, please make sure to go to your AutoInvest account (or other sub accounts) and set up the recurring via the Fund button. This step is crucial to ensure your investment strategy is funded consistently according to your preferences.
Frequently asked questions
Get answers to frequently asked questions below:
- What is AutoInvest?
- What can I invest in with AutoInvest?
- How can I open an AutoInvest Account?
- Can I invest in single stocks or fractional shares with AutoInvest?
- Are there limits to how much or how little I can invest each month?
- When will my money be invested each month?
- How do I set up a monthly bank transfer?
- Can I change my monthly amount, instrument selection and investment split?
- It’s the investment day and my AutoInvest Account contains less funds than the amount I specified in my AutoInvest instruction. Will I need to wait for the next investment cycle?
- Can I invest more than my monthly instruction?
- Can I stop or pause my recurring orders?
- What are the fees associated with AutoInvest?
- How many instruments can I add to my AutoInvest sub-account?
- Can I have multiple AutoInvest sub-accounts?
- Can I set up an AutoInvest account in currencies other than SGD?
- Can I fund my account with currencies other than SGD？
- Can I transfer instruments to and from my AutoInvest sub-account?
- Which account will the cash dividends be credited to?
- What if one of the instruments in my AutoInvest instruction is delisted and/or no longer available under AutoInvest?
- Can I use the ETFs in AutoInvest as collateral to support my margin trading, such as CFD or FX, in other accounts?
- How do I close my AutoInvest account?
What is AutoInvest?
AutoInvest is a feature which allows you to automatically invest in various ETFs every month. You can choose the amount, select your instruments within a range of ETFs and define your instrument allocation in just a few clicks.
Automating your recurring investments can be an effective way to level out your risk exposure via dollar-cost averaging, avoiding the need to time the market, and maximize your investment potential in the long term.
What can I invest in with AutoInvest?
There are a wide range of ETFs available via AutoInvest. You can view the full range here.
How can I open an AutoInvest Account?
You will first need to open a Saxo account here if you haven't done so. When your account is approved, you may opt-in to AutoInvest at Portfolio > Get Started under the AutoInvest section. Follow the steps here.
Can I invest in single stocks or fractional shares with AutoInvest?
A range of ETFs are available via AutoInvest, including equity-based ETFs and fractional trading. However, investing in single stocks through AutoInvest is currently not available.
Are there limits to how much or how little I can invest each month?
There is no minimum or maximum amount for how much you can invest each month.
When will my money be invested each month?
The orders based on your Autoinvest instruction are placed on the 5th day of each month. If the 5th day falls on a weekend, the order will be placed on the next weekday. However, take note that the order will only be processed when the applicable market(s) for the instruments in your Autoinvest instruction are open. This means that the orders may not be filled the same day as when they are placed.
Saxo will strive to process your orders in due time. However, there may be delays in the event of external factors such as significant market movements or system capacity constraints. In such cases, Saxo may place orders manually to ensure execution is completed as soon as possible.
How do I set up a monthly bank transfer?
You will first need to setup an eDDA/eGIRO mandate on your Saxo Account. After your eDDA mandate has been successfully set up, you can schedule regular deposits via Saxo platforms: My Profile > Deposits and transfers >Deposit funds > eDDA > Recurring deposit. You can refer to the eDDA instruction for details.
Can I change my monthly amount, instrument selection and investment split?
Yes, you can adjust your recurring investment amount, instrument selection and investment split at any time. We suggest making such adjustments before the 5th day of each month to ensure these adjustments are effected before investment orders are placed for that month.
It’s the investment day and my AutoInvest Account contains less funds than the amount I specified in my AutoInvest instruction. Will I need to wait for the next investment cycle?
When you set up your AutoInvest account, your first monthly investment will only be processed if the available cash in your account is at least equal to the monthly investment amount you have indicated.
From the second month onwards, cash in your AutoInvest account will be invested according to your selected instruments and allocation, if the available cash is at least 10% of your indicated monthly investment amount.
For example, if you have indicated a monthly investment amount of $1000, but only have $300 available during that investment cycle, the $300 will still be invested according to your selected instruments and allocation.
Can I invest more than my monthly instruction?
Currently, only cash up to your monthly investment amount will be invested each month. If you’d like to invest more than this, you can enable the “Invest extra cash” feature.
Go to your AutoInvest account under Portfolio > Click on the three dots icon in the top-right corner > Click Investment Settings > Switch on Invest extra cash.
Can I stop or pause my recurring orders?
Yes, you can request to start, pause, or stop your AutoInvest instruction at any time.
Go to your AutoInvest account under Portfolio > Click on the three dots icon in the top-right corner > Click Investment Settings. You can adjust the monthly investment setting by toggling it on or off.
We suggest making such request before the 5th day of each month to ensure this is effected before investment orders are placed for that month.
What are the fees associated with AutoInvest?
We do not charge any commissions on instruments purchased through AutoInvest. You will also not be charged any custody fees if you are opted into Securities Lending.
Commissions apply if and when you choose to sell positions in your AutoInvest account.
Other general fees/charges associated with the trading of the underlying instruments may apply. Please refer to our general charges for more details.
How many instruments can I add to my AutoInvest sub-account?
You can select up to 10 different instruments to invest in monthly for each AutoInvest sub-account.
Can I have multiple AutoInvest sub-accounts?
Yes you can, subject to the maximum number of sub-accounts that Saxo may support from time to time.
Can I set up an AutoInvest account in currencies other than SGD?
No, AutoInvest accounts are currently only available in SGD.
Can I fund my account with currencies other than SGD？
The base currency of AutoInvest accounts is SGD. If you wish to fund your AutoInvest account with currencies other than SGD, please refer to more details at our funding instructions page.
Can I transfer instruments to and from my AutoInvest sub-account?
No, instrument transfers to and from an AutoInvest sub-account are not supported.
Which account will the cash dividends be credited to?
Cash dividends will be credited to the AutoInvest account in which the relevant instrument(s) are held.
They will then form part of the funds in the AutoInvest account and may be invested in the next investment cycle.
What if one of the instruments in my AutoInvest instruction is delisted and/or no longer available under AutoInvest?
Saxo will not place any orders to purchase instruments which are delisted or no longer available under AutoInvest. Instead, the amount in your instruction which was allocated to that instrument will remain as cash in your account. For example, if your investment instruction contains an aggregate amount of S$500 and allocates 20% of the amount to be invested in a delisted instrument, then S$100 will remain as cash in your account.
You can go to the AutoInvest account under Portfolio. Click Edit at Upcoming Investments. Then remove the instrument and add more.
Instruments that have been delisted or are no longer available under AutoInvest will display an alert icon, indicating they are no longer supported for AutoInvest.
Can I use the ETFs/assets in AutoInvest as collateral to support my margin trading, such as CFD or FX, in other accounts?
No, the ETFs/assets in AutoInvest cannot be used as collateral for margin trading in other accounts. AutoInvest is a separate account group from your Default account. All margin-related activities are managed under the Default account group.
How do I close my AutoInvest account?
You can close your AutoInvest account in a few simple steps. For full details, please click here.