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What is a recurring investment?

A recurring investment allows you to automatically place orders in a security on a schedule that suits you. Automating buy orders isn't just convenient: it’s a stress-free way to invest for the long term. 

To fund your recurring investments, just link your bank account to Stake via PayTo. 

How to set up a recurring investment:

1. Start from your Balances screen, the ‘Do more with Stake’ button or a stock’s order pad (find the recurring icon on the lower left)
2. Once the stock or ETF is selected, choose the buying frequency and order amount
3. Confirm your order

All scheduled orders will be automatically funded via PayTo from your bank account. You can always skip the next order, or cancel a recurring investment altogether. Manage this via the Balances screen, where you can see the details of your recurring investments.

 

Can I set the number of units and order price on a recurring investment?

Recurring investments are placed as market orders at each scheduled date, which means you are unable to set an order price or the number of shares.

You can define:

• The market and security to invest in
• How much to invest per trade
• The buying frequency (weekly, fortnightly, monthly)

 

Can I schedule a recurring investment using my buying power?

No, recurring investments are only possible when funded directly via PayTo. To learn more about PayTo, please click here.

 

Can I cancel or skip recurring investments?

Yes, you can cancel recurring investments, or just skip the next one, anytime up to the day before each scheduled deposit. If you cancel or skip on the day, that next order may still be executed, and the cancellation will take effect afterward.

Skipping is ideal for a momentary pause. If you cancel, you’ll need to reenter the details to start again with a new recurring investment.

You can access and manage your recurring investments from the Balances screen.

 

What happens if my recurring investment is unsuccessful? 

A scheduled order may fail for a number of reasons, often due to a failed deposit or an error with order placement. For PayTo, you’ll be able to see specific error details on Stake. Depending on the issue, you might be able to place the order manually if you’d like. 

Failed investments will simply be skipped until the next scheduled one – which will be for the usual amount, not accumulated.

 

Can I cancel the order for a recurring investment after it’s been placed? 

No, it’s not possible to cancel an order once it’s been placed on the market. However, you can always skip the next one (up until the day before) or cancel all subsequent recurring investments.

 

Recurring investments on AUS

At what time is a scheduled ASX order executed?

A recurring order will generally be placed as a market order at 10:30am AET on each scheduled date. The funds will have been transferred from your linked bank account at approximately 8am AET on that date. 

If you choose to start a recurring investment from the same day you set it up, that first transfer and order will happen immediately. If you’re outside of market hours, the order will be executed after the market reopens (at approximately 10:30am AET). The funding for subsequent buy orders will be debited at approximately 8am AET as per above.

 

Are there any limits for a recurring investment?

The maximum amount is A$10,000, set by the PayTo funding. The minimum for recurring investments on Stake AUS is A$650. This is to comply with the ASX Minimum Marketable Parcel of A$500, with a buffer to account for possible share price fluctuations (given there are no fractional shares) and brokerage. 

At the moment, this applies even if you already hold that ASX stock or are willing to buy it for the first time manually.

 

Are brokerage discounts applied with recurring investments? 

Yes. If you’ve unlocked discounted brokerage, this will be applied to your scheduled orders while the discount is active. Once your reward timeframe ends, the new brokerage will be applied accordingly to all subsequent orders.

 

Recurring investments on Wall St

At what time is a scheduled Wall St order executed?

A recurring order will generally be placed as a market order at 8am New York time (ET) on each scheduled date. The funds will have been transferred from your linked bank account at approximately 8am AET on that date. Please note recurring orders will not execute during Extended Hours.

If you choose to start a recurring investment from the same day you set it up, and while the U.S. market is open, that first transfer will happen immediately (you won’t be charged a FastFunds fee) and your market order will generally be placed within five minutes. The funding for subsequent buy orders will be debited at approximately 8am AET as per above.

 

Are there any limits for a recurring investment?

The limits are set by the PayTo funding: the minimum amount is A$50 and the maximum amount is A$10,000, inclusive of brokerage and FX fees.

 

Can I withdraw or transfer my funds if my recurring investment order was not placed? 

While these funds should be available to trade, they can only be withdrawn or transferred after the underlying deposit has been cleared/reconciled in our main facility account. This process generally takes between 1-2 business days (in the AET time zone).