How to Set Up Recurring Investments in IBKR (Step-by-Step DCA Guide For Singapore Investors)

Want to automate your investments in Interactive Brokers (IBKR) so you can focus on other things that matter more? Here is a step-by-step guide on how to set up recurring investments on IBKR so you can dollar-cost average automatically and regularly.

Why use IBKR?

IBKR is well known in local investment circles as a good choice if you are looking for a low-cost broker. Some of its advantages include extremely competitive foreign currency exchange rates, low commissions, and access to Ireland-domiciled ETFs which generally benefit from lower dividend withholding taxes compared to US-listed ones. You can find out more info and sign up here.

While it may not matter that much when one’s investments are smaller, the savings can add up for larger portfolios. The downside, however, is that the user interface can be a bit more challenging to use than other brokers.

Here is hence a guide on how to set up a recurring investment in the app. This article will be a part of a series I’m doing on how to invest, particularly for those who are unsure on how to get started to stay subscribed for updates.

Set up the recurring investment

1. Tap on the share or ETF you wish to investment on a recurring basis
2. Tap the (⋯) symbol on the upper right corner of the screen
3. Tap Create Recurring Investment

4. Input details like Start Date, Amount, Interval, and check No end date (or set an optional End Date if you wish)
5. Tap Continue, followed by Save Investment

Optional: set up a recurring deposit from your bank

You can manually transfer funds into your IBKR account, but you can also automate that process by setting up a recurring deposit.

1. Go back to the main screen and tap the ☰ button on the top left corner
2. Tap Transfers, then Deposit Funds

3. Select an existing eGIRO arrangement or set up a new linkage by tapping Use a new deposit method
4. Check Make this a recurring investment? option
5. Input details like Amount, Recurring Transaction Name (this will appear on your bank statement), Frequency, and Start Date (set it a day before your recurring investment)

More info

For more info, tap here.

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Seth Wee was a licensed financial adviser representative from 2009 to 2025, with over 16 years of experience in Singapore’s financial advisory industry.

He started Sethisfy.com in 2019 to share practical insights on credit cards, banking products, and miles strategies, helping readers identify financial products that deliver the best value. Seth has been featured in CNA, Channel 8, Today, and a host of other publications. In 2025, he was also part of a panel at CPF’s Ready For Life festival.

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