Recurring investments in the US: costs compared
Recurring purchases at US brokers: which investments are eligible, from what amount, at what interval and at what cost – according to the providers' own pages, dated, with the gaps in the data.
On this page6
In the US savings plans are called "recurring investments" or "automatic investing". The big differences lie less in commission – many brokers charge none for online purchases of US stocks and ETFs – than in what may be bought on a recurring basis at all.
Every statement comes from the providers' own pages, read on 25 October 2026; the sources are listed at the end. The list ETF savings plans: costs by market shows the same figures for the US.
The short answer
- Fidelity: recurring purchases of stocks, ETFs, mutual funds and Fidelity Basket Portfolios. USD 1 to 100,000 per execution (funds USD 10 to 100,000). No commission on online US stock and ETF trades; a limited number of ETFs carry a transaction-based service fee of USD 100.
- Webull: stocks and ETFs with a fixed or market-adjusted amount, daily, weekly, every two weeks or monthly; no commission on US-listed stocks and ETFs, regulatory fees are passed through.
- tastytrade: a "Recurring ETF Investment Tool" for USD 5 to USD 100K into an ETF, weekly, every two weeks or monthly.
- Charles Schwab: the "Automatic Investment Plan" covers mutual funds only, not ETFs or stocks.
- Interactive Brokers: "Recurring Investments" daily, weekly or monthly, at the standard commissions.
- Robinhood: recurring purchases of stocks and ETFs (and crypto through Robinhood Crypto), as dollar amounts only, usually in fractions; the article states neither the intervals, nor a minimum, nor a fee per execution.
- Public: "Investment Plans" with up to 20 stocks, ETFs or cryptos. For stocks and ETFs Public charges a fee on each purchase that depends on the frequency and the number of securities; the current fee schedule does not state the amount.
What may be bought
Schwab: mutual funds only. A plan buying a No-Transaction-Fee fund costs USD 0; Transaction-Fee funds up to USD 10 per buy, at most 8.5% of principal. Increased-transaction-fee funds are not eligible. Any amount is possible, but the fund must already be held: the first purchase is an ordinary trade. The terms list weekly, every other week, twice a month, monthly, every three months, every six months and annual intervals.
Fidelity: stocks, ETFs, funds and baskets, from the Fidelity account or a bank; stocks and ETFs are bought as market orders on the chosen date. The page does not list the intervals.
tastytrade: ETFs only. The help page with the details is loaded by JavaScript and was not readable for us; the execution fee is therefore not documented here.
Interactive Brokers: US, Canadian and European shares, using fractional shares. That ETFs are included where they trade in fractions, and that standard Fixed commissions apply (minimum USD 1 or 1% of trade value, whichever is less), is stated only in IBKR staff replies on IBKR Campus from September 2023.
Robinhood: generally securities with a share price above USD 1 and a market cap of at least USD 25 million, with exceptions such as inverse ETPs.
Public: orders below USD 1 for an individual asset are not executed. A help article dated 24 October 2025 gave USD 0.49 to 1.99 per purchase; the fee schedule of 13 October 2026 does not contain these tiers, so we state no price. Crypto in Plans costs 1.25% of the order.
A calculation on Schwab's cap
For a Transaction-Fee fund an AIP buy costs up to USD 10, but at most 8.5% of principal. On an instalment of USD 100, 8.5% is exactly USD 8.50; on an instalment of USD 200 the USD 10 cap applies. Anyone saving small amounts sees here how heavily a fixed fee weighs – for No-Transaction-Fee funds it does not apply.
Where a plan is not documented
- Moomoo: for the US entity Moomoo Financial Inc. we found no page on recurring purchases (error 404). The offer of the Australian entity is documented.
- eToro: the US address of the recurring-investments page redirects to the international page; whether US clients can use the plan is not documented.
- Schwab outside the US: whether clients resident outside the US can use AIP is not documented.
Limits of this comparison
- As of 25 October 2026. Prices change; we did not open accounts or test executions.
- Regulatory and pass-through fees (named explicitly by Webull) are not included in any figure.
- Fund costs such as the running costs of a mutual fund or ETF come on top.
Sources (retrieved 25 October 2026)
- Fidelity, Recurring investments
- Webull, Recurring investment and Pricing
- tastytrade, ETFs
- Charles Schwab, AIP Terms and Conditions, How to automatically invest and Pricing Guide
- Interactive Brokers, Recurring Investments and IBKR Campus
- Moomoo, Recurring investment (Australia)
- eToro, Recurring investments
- Robinhood, Recurring investments
- Public, Recurring investments, Investment Plans and Fee schedule
This article is for information only and does not constitute investment, legal or tax advice.
Frequently asked questions
Not through the Automatic Investment Plan: according to Schwab only mutual funds are eligible, not ETFs or individual stocks. As of 25 October 2026.
At Fidelity from USD 1 for stocks and ETFs (funds from USD 10), with tastytrade's ETF tool from USD 5. Schwab states no AIP minimum but requires the fund to be held already. Webull and Interactive Brokers state no minimum on the pages read.
At Fidelity and Webull yes, for US-traded stocks and ETFs; Fidelity names a USD 100 service fee for a limited number of ETFs, Webull passes regulatory fees through. At Interactive Brokers the standard commissions apply; at tastytrade the execution fee is not documented.
Matching brokers
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Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.
US options traders
Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.
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US long-term investors
Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.
Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.
Content on Brokaro is for information purposes only and is not investment, legal or tax advice.