# IBKR: Recurring Investments available!
**URL:** https://forum.mustachianpost.com/t/ibkr-recurring-investments-available/9664
**Category:** Investing / Brokers
**Created:** [January 26, 2023, 7:07pm UTC](https://forum.mustachianpost.com/t/ibkr-recurring-investments-available/9664 "2023-01-26T19:07:17Z")
**Posts on this page:** 20
**Page:** 2
### Author:  [@Dr.PI](https://forum.mustachianpost.com/u/Dr.PI)
#### Post date: [February 17, 2023, 4:46pm UTC](https://forum.mustachianpost.com/t/ibkr-recurring-investments-available/9664/22 "2023-02-17T16:46:58Z")
Right. If you have a limit order, you can just start it and let it run until it is filled or manually cancelled.
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### Author:  [@SwissMousse](https://forum.mustachianpost.com/u/SwissMousse)
#### Post date: [February 17, 2023, 6:10pm UTC](https://forum.mustachianpost.com/t/ibkr-recurring-investments-available/9664/23 "2023-02-17T18:10:20Z")
Well, at least a recurring order that executes automatically converts the currency when needed.
I had it buy VT, and it converted CHF to USD to do it.
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### Author:  [@Luk\_nuts](https://forum.mustachianpost.com/u/Luk_nuts)
#### Post date: [February 17, 2023, 6:53pm UTC](https://forum.mustachianpost.com/t/ibkr-recurring-investments-available/9664/24 "2023-02-17T18:53:44Z")
And the fee was $2 for the transaction?
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### Author:  [@SwissMousse](https://forum.mustachianpost.com/u/SwissMousse)
#### Post date: [February 18, 2023, 4:49pm UTC](https://forum.mustachianpost.com/t/ibkr-recurring-investments-available/9664/25 "2023-02-18T16:49:15Z")
Interesting enough, it says:
Commission: 0.0
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### Author:  [@Totoro](https://forum.mustachianpost.com/u/Totoro)
#### Post date: [February 23, 2023, 9:00pm UTC](https://forum.mustachianpost.com/t/ibkr-recurring-investments-available/9664/26 "2023-02-23T21:00:04Z")
Great! Thanks for sharing. Makes it so much easier if they autoconvert CHF to buy USD products. IBKR just gets better and better š.
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### Author:  [@SwissMousse](https://forum.mustachianpost.com/u/SwissMousse)
#### Post date: [February 24, 2023, 8:22am UTC](https://forum.mustachianpost.com/t/ibkr-recurring-investments-available/9664/27 "2023-02-24T08:22:03Z")
I have a cash account so its a forced conversion, but they did not skip the order. I found some costs still on the latest statement, but they were USD 0.29 related to the FX conversion (not sure, where this comes from).
In any case still better than USD 2 š
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### Author:  [@jay](https://forum.mustachianpost.com/u/jay)
#### Post date: [February 24, 2023, 8:33am UTC](https://forum.mustachianpost.com/t/ibkr-recurring-investments-available/9664/28 "2023-02-24T08:33:27Z")
> [@SwissMousse](#):
>
> I found some costs still on the latest statement, but they were USD 0.29 related to the FX conversion (not sure, where this comes from).
Was the trade for about USD 1000? If so, the cost might be 3 basis points, matching [Pricing | IBKR GlobalTrader](https://globaltrader.interactivebrokers.co.uk/en/pricing.php)
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### Author:  [@SwissMousse](https://forum.mustachianpost.com/u/SwissMousse)
#### Post date: [February 24, 2023, 8:45am UTC](https://forum.mustachianpost.com/t/ibkr-recurring-investments-available/9664/29 "2023-02-24T08:45:24Z")
It converted a remaining amount of USD 411 out of my CHF balance
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### Author:  [@Dr.PI](https://forum.mustachianpost.com/u/Dr.PI)
#### Post date: [March 1, 2023, 2:35pm UTC](https://forum.mustachianpost.com/t/ibkr-recurring-investments-available/9664/30 "2023-03-01T14:35:30Z")
I was buying a European ETF traded in EUR via recurring investment at IB. I deposited CHF as a source of funds. Results: commission for the trade was 1.25 EUR broker changes, no third party charges. Currency exchange of CHF to EUR was instant and the commission was 0.
I think they just have killed degiro.ch.
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### Author:  [@Sebxoii](https://forum.mustachianpost.com/u/Sebxoii)
#### Post date: [April 19, 2023, 7:46am UTC](https://forum.mustachianpost.com/t/ibkr-recurring-investments-available/9664/31 "2023-04-19T07:46:35Z")
Hi,
This seems to have changed in the latest version of their FAQ:
> _ **3. Which securities are eligible for recurring investment?** _
>
> The recurring investment feature is available for US and European stocks/ETFs. Only stocks/ETFs which are tradable in fractions are eligible.
>
> _ **8. Will I receive whole shares or fractional shares?** _
>
> When using the Recurring Investment program you will receive fractional shares equivalent to the cash amount specified.
Could someone confirm whether recurring investment are only possible on fractional shares now? ā¹
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### Author:  [@Jaime](https://forum.mustachianpost.com/u/Jaime)
#### Post date: [April 19, 2023, 9:09am UTC](https://forum.mustachianpost.com/t/ibkr-recurring-investments-available/9664/32 "2023-04-19T09:09:17Z")
One question about this feature, is it possible to do reoccurring investments on whole number of shares. I donāt like fractional shares. For example, I want to buy 1 share of SPY every month, no matter the price. Just 1 share. Would that be possible?
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### Author:  [@Luk\_nuts](https://forum.mustachianpost.com/u/Luk_nuts)
#### Post date: [April 19, 2023, 9:14am UTC](https://forum.mustachianpost.com/t/ibkr-recurring-investments-available/9664/33 "2023-04-19T09:14:28Z")
As it says in figure 8 of the post above yours, you will receive fractional shares equivalent to the cash amount specified in the recurring investment.
You (for now) canāt specify the number of shares.
BTW: Why buy SPY at 0.0945% TER, if you can have VOO or even better VTI at 0.03%?
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### Author:  [@Dr.PI](https://forum.mustachianpost.com/u/Dr.PI)
#### Post date: [April 19, 2023, 10:18am UTC](https://forum.mustachianpost.com/t/ibkr-recurring-investments-available/9664/34 "2023-04-19T10:18:17Z")
> [@Sebxoii](#):
>
> Could someone confirm whether recurring investment are only possible on fractional shares now?
Yes and in principle it canāt work otherwise.
> [@Jaime](#):
>
> For example, I want to buy 1 share of SPY every month, no matter the price. Just 1 share. Would that be possible?
Not with recurring investments. You can create market orders that become active in the future.
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### Author:  [@Sebxoii](https://forum.mustachianpost.com/u/Sebxoii)
#### Post date: [April 19, 2023, 10:29am UTC](https://forum.mustachianpost.com/t/ibkr-recurring-investments-available/9664/35 "2023-04-19T10:29:34Z")
Well, the FAQ used to say this a few months ago:
> _ **8. Will I receive whole shares or fractional shares?** _
>
> You will receive fractional shares for the stocks where we offer fractions. If the stock is not offered in fractions, you will receive full shares up to the cash amount.
Not sure why they changed it. ā¹
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### Author:  [@Jaime](https://forum.mustachianpost.com/u/Jaime)
#### Post date: [April 19, 2023, 11:49am UTC](https://forum.mustachianpost.com/t/ibkr-recurring-investments-available/9664/36 "2023-04-19T11:49:06Z")
can I create market orders in the future that recurs every month?
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### Author:  [@Jaime](https://forum.mustachianpost.com/u/Jaime)
#### Post date: [April 19, 2023, 11:49am UTC](https://forum.mustachianpost.com/t/ibkr-recurring-investments-available/9664/37 "2023-04-19T11:49:42Z")
I do choose VOO. just using spy as an example
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### Author:  [@Dr.PI](https://forum.mustachianpost.com/u/Dr.PI)
#### Post date: [April 19, 2023, 12:13pm UTC](https://forum.mustachianpost.com/t/ibkr-recurring-investments-available/9664/38 "2023-04-19T12:13:09Z")
I donāt think so, but you can create 12 individual orders that get activated at some point in the future.
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### Author:  [@Sebxoii](https://forum.mustachianpost.com/u/Sebxoii)
#### Post date: [April 21, 2023, 9:09am UTC](https://forum.mustachianpost.com/t/ibkr-recurring-investments-available/9664/39 "2023-04-21T09:09:50Z")
Does anyone know if any European (EUR/CHF/GBP) World ETFs are available as fractional shares?
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### Author:  [@Dr.PI](https://forum.mustachianpost.com/u/Dr.PI)
#### Post date: [April 21, 2023, 9:24am UTC](https://forum.mustachianpost.com/t/ibkr-recurring-investments-available/9664/40 "2023-04-21T09:24:22Z")
You can check yourself if your fund is traded in fractions on some exchanges. Just enter a fractional amount in the buy form and see what happens. But check different exchanges! The one I was buying is traded in fractions on one specific exchange only.
P.S. I did it in the app, but the portal should also work.
A better description:
- Start creating a recurring investment on IB.
- Search your fund by ISIN. You should see it traded on many different exchanges.
- Select traded instruments one after another and see if you can continue with the creation of the recurring investment.
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### Author:  [@Sebxoii](https://forum.mustachianpost.com/u/Sebxoii)
#### Post date: [April 21, 2023, 9:35am UTC](https://forum.mustachianpost.com/t/ibkr-recurring-investments-available/9664/41 "2023-04-21T09:35:34Z")
Thanks.
But sadly, I donāt have an account yet, and need to know if there are any good World ETF available as recurring investments before opening one.
There is a spreadsheet on IBKRās site, but I donāt know how up to date is it is, and anyways, it doesnāt seem to list any European exchanges: [http://www.ibkr.com/download/fracshare\_stk.csv](http://www.ibkr.com/download/fracshare_stk.csv)
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