What is Smart Buy?
What is the Smart Buy feature?
The Smart Buy feature allows you to automate your buying process by spreading out your investments over time. You can choose between different time periods, and the platform will place regular orders based on your selected interval.
What time periods can I choose for Smart Buy?
You can select from four time periods: 1 day - 1 week - 1 month - 3 months
How frequently are orders placed?
For the 1-week, 1-month, and 3-month periods, one order is placed every day.
For the 1-day period, you can select from these more frequent intervals:
Every 30 minutes -
Every 1 hour -
Every 4 hours -
Every 8 hours
Do I need to have enough cash for the entire period upfront?
Yes, you must have enough cash in your wallet to cover all the orders for the selected time period. For example, if you choose to place an order every 1 hour over a 1-day period, the system will ensure you have enough funds for all the hourly orders..
What is the minimum amount I can invest using Smart Buy?
The minimum amount per order is $1. So, for a 1-day period with hourly orders (24 total orders), the minimum total investment amount must be at least $24.
What happens to the cash in my wallet during the Smart Buy period?
The cash required for all future orders in the selected period will be locked and marked as "reserved for DCA" in your wallet. This ensures that the funds are available for each scheduled purchase.
Can I modify or cancel a Smart Buy order?
Once an order is placed and the cash is reserved, you can cancel any remaining orders in the series, but any completed orders will remain as part of your portfolio.