Fractional shares are a part of a share—not the whole. A fractional share is a portion of stock in an individual company divided into many (hence fractional shares).
Investors can purchase fractional shares in companies like Alphabet, Berkshire Hathaway and other high-priced stocks without having to buy a whole number of shares (in other words, full shares of stock).
Many investing brokerages allow you to place stock and ETF trades for fractional shares, reducing the dollar amount you need to commit upfront when buying stocks by the slice.
The service charges a monthly fee for users. Though, it doesn’t charge trading commissions when your money gets invested on your behalf in fractional shares of ETFs. Instead, it charges an account fee depending on the subscription plan you select for your account.
The well-known brand in the personal finance space expanded its presence to the investing world by offering commission-free stock trades, including ETF trades and crypto trades.
Public.com is really about making investing like an investing social network, where members can own stock slices, or fractional shares of equities, follow popular creators, and share ideas within a community of investors.
Webull came into the stock trading world in 2018 when it started challenging Robinhood for market share. This stock trading app offers the ability to place equity trades commission-free and on ETFs, options and cryptocurrencies.
M1 Finance's Smart Money Management gives you choice and control of how you want to invest automatically, borrow, and spend your money—with available high-yield checking and low borrowing rates.