Autoinvest Functionality like M1 Finance in the US

[Clandan (Daniel)]

Will Freetrade create an Autoinvest Functionality like the M1 finance functionality or like the one currently being introduced in Trading 212.

Personally, I think that it is a significant part of an investors mentality to invest regularly over time and that functionality would encourage more of a long term focused approach. So do you think this should be introduced on Freetrade and if it isn’t are you bothered?

[jspen (#1,490)]

An idea has been posted on this - make sure you add your vote if you haven’t already!

[Feature Request ] Auto Investment

Allow a user to create their own portfolio to be invested in automatically on a direct debit basis; E.g. 10% Tesco, 5% Ocado, 5% Lloyd’s, 20% S&P500 etc. So if I transfer £200 per month that’s split equally in my Pre-made portfolio (£20 to Tesco in this scenario). Means I can set a standing order with my bank, and then invest in my chosen companies/securities quickly and easily. Better for me as a user, better for you as you get my money invested quicker.

[Clandan (Daniel)]

I’m all for this. I think if this is introduced by Freetrade, it would set them apart from the legacy trading platforms here in the UK, in my humble opinion!