Tiger Brokers New Zealand

What is auto-invest?

For most, the investment threshold is high and can take you time to enter the market. With auto-invest you can set an amount from as little as USD 2 in fixed regular payments to invest in US stocks and ETFs that you want to buy.

Auto-investing is the process of putting your investing on repeat. With this feature, you can build your portfolio daily, weekly or monthly and diversify risks by investing a fixed amount without lifting a finger.

Grow your money with auto-invest

Diversify your portfolio

Auto-invest has a primary advantage for an investor who wants to build a diversified portfolio. Invest in the US market on the most popular ETFs and stocks, including fractional shares, with competitive transaction fee. Now you can put your eggs in different baskets and manage investment risks.

Time saving

Auto-invest saves time as your investments are made automatically. You sleep but your money never sleeps.

Grow with the market

Ace investor Warren Buffett has quoted several times that his wealth can be attributed to the power of compounding. His advice still applies today.

Why auto-invest with Tiger?

Low barrier

The minimum amount is USD 2 to invest in the US market.

More variety

Choose from the most popular ETFs and stocks in the US market including fractional shares.

Flexibility

Cancel or edit the auto-invest plan at any time.

*Except for half an hour before the order is placed or the order has been submitted but not yet filled.

Setting up your auto-invest plan

You can choose from a wide range of popular stocks and ETFs in the US market according to your personal investment plan goals.

Download Tiger Trade and open an account

You can start auto-investing if you already have a Tiger Trade account. If you don't have an account, you'll need to open one.

Fund your account

Once you open your account, it may take you just a few minutes to fund your account. There is no minimum on the amount.

Set an auto-invest plan

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After your account has been funded, visit Home>auto-invest.

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Click auto-invest to visit the auto-invest page, you can choose the shares and ETFs you like to see more detail.

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Hit "Add a plan now", input the amount (USD 2 minimum) and choose the frequency, confirm and done.

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Images displayed are for illustrative purposes only

Pricing

Trade Volume Regular Transaction Fee Pass-through Fees
Less than 1 share 1% × Trade Value
Max USD 1 / Order 		Free
More than 1 share Transaction Fee is charged based on the fee schedule listed in US Stocks & ETFs.

Auto-Invest with fixed amount may result in fractional shares, fees will be charged by actual shares (including fractional potion) being executed.

FAQs

What are auto investments?

Auto investment involves investing the same amount of money in a target share or ETF at regular intervals over a certain period of time, regardless of price. By dollar-cost averaging, you may lower your average cost per share and reduce the impact of volatility on your portfolios, thus benefiting from the compound interest of shares investing.

What are the pros and cons of auto investments?

Pros

Firstly, it helps you form the habit of saving and investing regularly, thus accumulating your own wealth.
Secondly, it saves you time from watching the market, which could be a distraction.
Lastly, this strategy may help you lower the average cost per share and reduce the impact of volatility on your portfolio.
On Tiger Trade, you can start auto-investing in big brand company shares or ETFs from as little as USD 5, which is affordable for everyone.

Cons

The effect of lowering portfolio volatility will become weaker as the investing period grows.

What shares are eligible for auto investment? What's the minimum amount to invest?

S&P 500 companies and US ETFs are eligible for auto investment on Tiger Trade. You can visit [Tiger Trade APP - Quotes - Stocks - Auto-invest] to view the full list.
The minimum amount for each order is USD 2. e.g., you may set a plan of investing S&P 500 ETF (like VOO) every week.

What intervals can I set for the auto-investing plan?

You can set it to daily, weekly, fortnightly or monthly according to your own preferences and plans.

Can I change the intervals or amount of the plan, or just cancel it?

Yes, Tiger Brokers allows you to change the intervals, amount, cancel or resume the auto-invest plan at any time unless the auto-invest plan is being processed at the time of your cancellation, or half an hour before the execution of the auto-invest order.

What's the pricing for auto investments?

We don't charge extra fees for auto investments. Trading fees apply just like other US stocks trading. If you buy less than one share, the fee is 1% of the trading value, USD 1 max. e.g., if you choose to invest in AAPL to the value of USD 1, the fee is USD 0.05.

How does auto investing on Tiger Trade work?

The system will automatically place a market order at 1:30 pm ET of the buying date according to your plan (it can be 10:30 am ET if the market closes that afternoon), and your buying price will be determined by the market price at that moment.
Remember to fund your account and make sure you have a sufficient balance.

Which shares and ETFs are the most commonly invested with auto investments?

Typically, investors like big brand companies and broad-based index ETFs such as SPY (S&P 500), QQQ (Nasdaq 100). Big names such as AMZN, GOOG, TSLA, BABA are also popular.

What happens to my portfolio when a corporate action occurs?

Your auto investment portfolio is no different from shares bought by yourself. If you have less than one share, you will receive dividends proportionately, but you won't have a voting right. In the case of a stock split, the fractional shares will be sold and you will get cash.

Please also refer to US Fractional Share Trading Disclsoures