A recurring order allows you to set up automatic investments into securities of your choice from your Freetrade account.
You can set up a single recurring order for up to 10 investments. You're in control of how much and how often you'd like to invest (weekly, fortnightly, or monthly).
Here are some benefits of investing regularly:
It’s a good habit. Investing small sums regularly can be a great way to put your money to work over the long run.
It’s automatic.
It can help smooth out the peaks and troughs of the market. The longer you’re in the market for, the more likely you are to withstand the ebbs and flows of market fluctuations. You can also benefit from pound cost averaging (more on that here ) as you’ll buy shares at different prices.
Bear in mind you should still review 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 pausing the recurring order function if you decide you’d like to change your investing strategy.