![]() If you want to spend $500 but one share of the stock you want to buy is currently $1000, you would end up with 0.5 shares. We purchase the equivalent number of shares for that value rounded down to the nearest whole share.Ĭash Quantity with Fraction Trading: If you enable your account to Trade in Fractions, we will buy or sell a fraction of a share to use the full amount of cash you specified and get the greatest possible number of shares for your money. Rather than buying five shares you elect to buy, for example, $500 worth of a stock. ![]() Want to buy just $500 worth of an expensive stock, or looking to diversify among more investments? Now you can - fractional share trading with the ability to enter order size in terms of dollar amounts is in gradual rollout.Ĭash Quantity Orders: When using a Cash Quantity order, you specify the dollar amount you want to buy or sell instead of specifying the number of shares. ![]()
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