Q: What is the execution price for buying shares on the day of scheduled investments?
• Once a recurring investment plan is successfully set up, the system will place a limit order around 10:30 AM AEST on the specified day, based on the prevailing market price. We make every effort to ensure, but cannot guarantee, the actual purchase time and the fill price.
• If the specified day is a non-trading day, the order will be placed around 10:30 AM AEST on the next trading day.
Q: Why did my recurring investment plan buy 0 shares while my funds were sufficient?
The reason may be due to one of the following:
• Illiquid market or any unforeseen circumstances.
• The investment amount is less than the price of one share.
Note: These events will not affect your upcoming scheduled investments.
Q: Will there be any charges if my recurring investment plan fails?
For Australian stock investments, a monthly fee is charged for each plan. If the first investment of the month fails, no fee is charged.
If the plan has been successfully processed and a fee has been charged earlier in the month, no additional fees will be charged for any subsequent investments.
Q: What do I need to be aware of when paying with my brokerage account?
Please make sure there is sufficient buying power in your brokerage account on the execution date to avoid using margin financing.
A recurring investment plan will be automatically cancelled after 3 consecutive failed investments due to insufficient buying power. You can set up the plan again and try again with sufficient funds on the execution date.
Q: How do I sell from my recurring investment plan?
Recurring investment plans work just like any other trading account. You can sell your positions by going to:
• Trade page > Select an order type > Enter the order information
Q: What will happen to my recurring investment plan if the stock is suspended from trading?
The investment on that day will fail.
Q: What if I can't find the stock I want to invest in?
Recurring Investment with Moomoo NZ supports investing in selected Australian stocks and ETFs. Go to:
• Recurring Investment > Top Recurring Investments > All
If your desired stock is not on the list, please contact us.
Q: Can I edit or stop my recurring investment plan on the execution date?
You can edit, suspend, or stop your plans before 9:00 AM AEST on the execution date. Changes made after 9:00 AM AEST will take effect on the next scheduled investment day. Adjustments cannot be made while a plan is being executed.
Q: What kind of investors may consider Recurring Investment?
Recurring Investment makes investing simple for new investors and those looking to free up their time by establishing a plan for long-term investments. The entry threshold is relatively low. You can invest in selected stocks at a lower cost. Value investors can also use this feature to manage risks.
Q: How do I set up a recurring investment plan?
a. Open the app, and go to Accounts > Tap an Account > More > Recurring Investment.
b. Create an investment plan or pick a stock from Top Recurring Investments to start.
Q: Which Australian stocks and ETFs can be invested in my recurring investment plan?
You can pick your desired underlying by going to Recurring Investment > Top Recurring Investments > All.
Q: Can Recurring Investment users enjoy the same rights as normal shareholders?
Yes. They can enjoy the same rights as other shareholders.
Q: Will there be any losses if I terminate my recurring investment plan?
There is no charge for terminating a plan. No further buy orders will be executed after termination.
Q: Can I use a bank account to fund a recurring investment plan?
A: No.
