How do I set up recurring stock purchases?
You can set up recurring stock purchases directly from your GalaxyOne brokerage account.
New: You can now choose a daily schedule when setting up recurring buys. There is no change to pricing, guarantees, or investment risk.
Steps to Set Up a Recurring Purchase
- Go to your brokerage account in the GalaxyOne app.
- Select Buy.
- Type in or select the stock or ETF you would like to purchase.
- Select your schedule: daily, weekly, semi-monthly on the 1st and 15th, or monthly on the 1st.
- Confirm your details and place your order.
Important Information
- The minimum recurring purchase amount is $10.
- Each order is executed at the market price at the time of purchase, so the number of shares you receive may vary.
- Recurring purchases for stocks and ETFs execute on market trading days between 10:00am and 11:00am ET.
- If a recurring stock purchase falls on a stock market holiday, the order will be skipped and will not execute on the next trading day. Your recurring purchase will resume on the next scheduled date.
- Funds are pulled from your GalaxyOne Cash Account, which must be funded for the order to go through. Funds will not be drawn from your externally linked bank account through Plaid.
- Recurring purchases are optional.