A recurring order allows you to set up regular payments from your bank (standing orders) which will automatically invest into a shareholding of your choice within your Freetrade account. 🚀
You can set up as many recurring orders as you like - you're in control of how much and how often you'd like to invest.
The benefits of investing regularly include:
It’s a good habit. Investing small sums regularly can be a great way to grow savings over the long term.
It’s automatic. This takes the emotion out of investing decisions, you can set and forget.
It can help smooth out the peaks and troughs of the market, you’ll buy shares at different prices.
You should, however, bear in mind the importance of reviewing your investment strategy on a regular basis to make sure that you are getting the investment outcomes you want. This might mean keeping the investments in your recurring orders, changing them or cancelling the recurring order function if this would be the best outcome for you. Also, please remember that you should only invest as much as you can afford.
Currently, recurring orders are only available on iOS although we are looking to expand this in the future to include our Android customers, too.