Meritz Securities said on the 26th that the number of users surpassed 5,400 just one month after launching its "accumulating overseas stocks" service. If you apply for the "accumulating overseas stocks" service, the selected stocks are automatically purchased for a designated amount on a daily, weekly, or monthly basis.
Currently, daily accumulation is the most common at 3,603 people, followed by weekly accumulation at 1,272 and monthly accumulation at 815. The average amount per person per application was tallied at 94,000 won daily, 164,000 won weekly, and 410,100 won monthly.
"QQQM" had the highest amount per application at 1.1 billion won. QQQM is an exchange-traded fund (ETF) that tracks the Nasdaq-100 index.
In addition, applications for "VOO" and "SPLG," which track the Standard & Poor's (S&P) 500 index, as well as Nvidia (NVDA) and Palantir (PLTR), were large in amount.
Meritz Securities will run an event through Oct. 31 offering fractional U.S. stocks to customers who use the accumulating overseas stocks service.
It will select 100 people by lottery and grant fractional U.S. stocks worth 5,000 won, chosen at random from Nvidia, Palantir, Apple, Alphabet A, and Tesla, and additionally select 100 customers with a cumulative purchase amount of at least 1 million won to grant fractional U.S. stocks worth 10,000 won.
You can apply to participate in the event on the Meritz Securities website or the mobile trading system (MTS).