Interactive Brokers Rolls out New Recurring Investments Tool

Interactive Brokers, one of the biggest US-based brokerage firms, announced recently the launch of its new tool Recurring Investments, with which users can setup and execute a predetermined investment strategy by automatically investing funds on a recurring schedule.

This new offering allows investors to trade almost any US and European shares, and select to invest on a daily, weekly, or monthly schedule. On the start date, the trade will execute soon after the market opens and then repeats based on a user's predefined schedule, according to the official statement.

Low commissions for stock trading applies to recurring investments. Besides, the tool supports fractional shares trading.

Last month, the broker has introduced Overnight Trading Hours on the IBKR Eos ATS (IBEOS)​, enabling clients to react immediately to market-moving news and conveniently trade at almost any time.