Saxo has launched AutoInvest in Singapore, offering an automated way for investors to put money into ETFs on a regular basis.
The feature allows clients to set a fixed monthly investment amount and allocate it across up to 10 ETFs from a list of more than 100 options.
Once activated, investments are executed automatically each month, with users able to adjust, pause or stop the plan at any time.
AutoInvest is available to all Saxo account holders and does not require a minimum investment or lock-in period.
ETF purchases made through the feature are commission free, and investors can buy fractional units, allowing them to start with smaller amounts.
The firm said AutoInvest is intended to simplify long term investing and provide a lower cost alternative to traditional managed funds or mutual funds, which typically charge ongoing fees that can reduce returns over time.
Mahesh Sethuraman, Singapore CEO said,
“To truly serve the broadest population, investing must feel simple – not overwhelming. AutoInvest cuts through decision fatigue, lowers costs, removes the pressure of timing the market, and aligns with real human behaviour.
This makes long-term investing both accessible and rewarding. With AutoInvest, Saxo has removed every barrier that stands between people and their journey towards financial independence.”
Featured image: Edited by Fintech News Singapore, based on image by RSplaneta via Freepik
