Toss Securities said on the 16th that the amount of transaction fees customers saved thanks to making fees free for the "stock savings" service, which has been in place since August last year, reached 3.2 billion won.
Stock savings is a service that lets customers set their desired interval and amount to automatically invest in domestic and overseas stocks on an installment basis. Customers can choose the interval according to their investment plan, such as every day, every week, or every month; for domestic stocks, they can invest in units of one share, and for overseas stocks, they can invest in fractional shares starting from 1,000 won.
Toss Securities previously announced free transaction fees through stock savings last year to support individual investors' long-term and steady investing. Any Toss Securities customer who bought stocks through stock savings had transaction fees waived regardless of the investment amount or number of uses.
A Toss Securities official said, "Stock savings is a service that can help investors build long-term investing habits and continue investing steadily even in highly volatile markets," adding, "In fact, many customers are setting stock savings to a daily interval and investing."
Launched in March 2022, stock savings surpassed a cumulative 2 million users as of the end of 4th. Customers using stock savings are setting an average of 3.6 orders per person, and by interval, the share of those investing "every day" was highest at 54%. "Every week" (29%) and "every month" (17%) followed. The most preferred overseas stock through stock savings was Tesla, and the most preferred domestic stock was Samsung Electronics.