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BTCC / Hashtag / firstrade fractional shares
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What are fractional shares of a stock?

Fractional shares of a stock are also known as fractional equity shares or partial shares of a stock. Typically, investors can buy fractional shares based on a dollar amount, rather than the current trading price of one share. Let’s say Stock A is trading at $250 per share. You like this company and want to buy their stock, but you only have $50.

Can I buy a fractional share of a stock on Firstrade?

You cannot directly buy a fractional share of stock (for example stock slice of Berkshire Hathaway or Google) on Firstrade or any of its traditional competitors such as TD Ameritrade, Etrade, or Vanguard. However, you can invest in partial shares of stocks by using a $0-commission brokerage firm called Sofi Invest ( read review ).

What is fractional trading?

Fractional trading lets you buy the amount of stock you can afford, whether that’s $5, $50, $500 or $5,000. Some of the most popular stocks today are also some of the most expensive. Building a well-diversified portfolio consisting of just a few shares of each could require tens of thousands of dollars in upfront capital.

Can I transfer fractional shares to another brokerage?

Transfers: Some brokers won’t let you transfer fractional shares to other brokers. Instead, they transfer any full shares and sell any fractional shares to give you as cash. This may be merely an inconvenience, as you may be able to repurchase shares quickly at your new brokerage.

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