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Fractional share orders in the U.S. stock market refer to trades executed with less than one full share of stock. This trading practice lowers the barriers to entry, allowing investors to purchase the exact amount of stock they desire without being constrained by the higher costs of whole shares, thus facilitating a more flexible investment strategy.
Certain US stocks and ETFs support Fractional share trading
Fractional share trading hours are 9:30 AM to 4:00 PM ET, or 9:30 AM to 1:00 PM ET for half-day trading
Only day orders are supported
The minimum order size for Fractional share trading is 0.0001 shares. For fractional share trading buying, minimum order amount is 5.00 USD
Once submitted, the quantity of fractional shares orders is not allowed to be edited
Whole share orders are not allowed to changed to fractional shares orders
Editing the price of a limit order for fractional shares is supported after submission and before the order is fully executed or closed.
Go to the Trade tab
Select Limit or Market as the order type
Enter the quantity in decimals* and submit the order
After submitting, your fractional shares order will be shown in Orders > Filled or Cancelled
*Note: To place an order based on an amount, go to the Trade page and switch from Quantity to Amount. The system will automatically calculate the order quantity based on the current market price.
Please view the screenshots below for more details.
For details about the fee structure, please refer to the related help center article here.
