A Regular Investment Solution Chosen by 2 Million Customers
Users Set Up an Average of 3.6 Stock Accumulation Orders
Most Popular Stocks: Tesla and Samsung Electronics
Toss Securities announced on September 16 that, since the implementation of commission-free trading for the "Stock Accumulation" service in August last year, customers have saved a total of 3.2 billion won in trading fees over the past year.
The Stock Accumulation service allows customers to set their preferred frequency and amount to automatically invest in domestic and overseas stocks on a regular basis. Customers can choose the investment interval-daily, weekly, or monthly-according to their own investment plans. Domestic stocks can be purchased in units of one share, while overseas stocks can be invested in fractional shares starting from 1,000 won.
Last year, Toss Securities announced commission-free trading for transactions made through the Stock Accumulation service to support long-term and consistent investing by individual investors. Any Toss Securities customer can use the Stock Accumulation service to make purchases without paying trading fees, regardless of the investment amount or the number of transactions.
A representative from Toss Securities stated, "The Stock Accumulation service helps investors develop long-term investment habits and continue investing steadily even in volatile markets," adding, "In fact, many customers are setting their Stock Accumulation interval to daily and investing accordingly."
Launched in March 2022, the Stock Accumulation service surpassed 2 million cumulative users as of the end of last month. On average, each user sets up 3.6 orders, and 54% of users choose to invest on a daily basis, the highest proportion. This is followed by weekly investments at 29% and monthly investments at 17%. The most preferred overseas stock among Stock Accumulation users was Tesla, while the most popular domestic stock was Samsung Electronics.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
