Tiger Brokers has introduced the automatic investment plan for Hong Kong stocks on its platform Tiger Trade, allowing users worldwide to trade at weekly, bi-weekly and monthly intervals from an accessible threshold of HK$500.
The new feature is an addition to the available auto-invest plan for US stocks, providing investors with a one-stop experience of grasping investment opportunities and enjoying a lowered threshold in companies listed in both markets.
The launch makes Tiger Trade one of the few platforms that support fractional shares trading of US stocks and autoinvest plans for both US and Hong Kong stocks.
"This newly added auto-invest plan is in response to our users' demand amid market volatility and aligns with their anticipation of the market transitioning from the bottoming-out phase to a market recovery," says Tiger Brokers’ (Singapore) CFO Henry Toh.
The low minimum investment amount and the multiple intervals enable investors to tailor more flexible and convenient investing strategies. For instance, in cases where the quantity of stocks held falls short of one board lot upon the auto-invest plan's termination, investors can sell the shares through fractional shares trading.
In order to streamline the process, Tiger Trade has allowed an automatic deduction of recurring deposits from investors' accounts, thereby allowing them to focus on selecting their preferred interval and amount when constructing the auto-invest plan.
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"At Tiger Brokers, our R&D capability positions us to regularly provide investors with a wide variety of investment choices and tools, empowering them to better manage and allocate investments in spite of the ups and downs in the markets." says Toh.
