Invest in fractional shares from USD 1
A simple, low-cost way to invest in US stocks
As implied, fractional shares allow you to buy a fraction of a share. They are yet another way to diversify your portfolio and add variety to your investments. They are also a way for beginner investors to buy into companies that may seem out of reach to them for the moment.
Own a big-brand portfolio starting from USD 1
Choose your favourites from 500 of America's leading companies in the S&P 500® and ETFs. Fractional shares make it easier to allocate your assets in the way you want.
Big things often have small
beginnings
It's easy to get started
Download Tiger Trade and open an account
If you already have a Tiger Trade account, you can buy fractional shares now. If you don't have one, you'll need to open one.
Fund your account in seconds
Once you've opened your account, it takes seconds to fund it and get you investing. There is no minimum deposit required, so you can invest with as little or as much as you want.
Buy fractional shares
Images displayed are for illustrative purposes only
Pricing
| Trade Value | Commission | Platform Fee | Third-parties Fees |
|---|---|---|---|
| Less than 1 share | Free |
1% × Trade Value Max. USD 1 / Order |
Free |
| More than 1 share | Standard US Stocks & ETFs trading fees apply. | ||
FAQs
What's a fractional share?
Fractional shares are as their name implies, a fraction of a share or less than one whole share. So, instead of buying one whole share of a company, you can buy a fraction of a share. This allows beginner investors to buy into companies that may seem out of reach to them for the moment. For other investors, fractional shares are yet another way to diversify their portfolios and add variety to their investments.
Buying fractional shares is a popular way of investing in the US stock market. On the Tiger Trade app, you can trade fractional shares that are listed on the S&P 500.
Buying fractional shares is a popular way of investing in the US stock market. On the Tiger Trade app, you can trade fractional shares that are listed on the S&P 500.
What's the S&P 500?
The Standard and Poor's 500 or the S&P 500 as it's more commonly known, is an index comprised of the top 500 (505 to be exact) listed companies in the US. The list of companies includes huge juggernauts such as Apple, Netflix, Amazon, Tesla, Alphabet (Google) and Pfizer.
Can I trade fractional shares during the pre- or post-market hours?
No, fractional shares are only allowed to trade during the US market open time. GTC order hasn't been supported yet.
Do fractional shares pay dividends?
Yes. You will receive cash dividends proportionate to the percentage of the share you own. For instance, if a shareholder receives a $1 dividend for each share they own and you own a half share, you'll receive $0.50, it's really that simple. Cash dividend will round up to the second digit of the fractional part. For example, if cash dividend is US$ 0.017, system will round it up to US$ 0.02.
Can I vote when I own less than one whole share of stock?
No. You have the voting right only if you own at least a whole share.
Which stocks are available for purchase through the Tiger Trade app?
You can trade fractional shares that are S&P 500 constituents and many broad-based index ETFs such as SPY (S&P 500), QQQ(Nasdaq 100) as well as some Chinese ADR such as BABA(Alibaba), JD(JD.come), PDD (Pinduoduo Inc) etc. If you see this icon on the detailed stock page, it means this share is available for fractional trading.
What's the minimum on how much I can invest in fractional shares?
The minimum trading value is USD 1.
What order types can I put when trading fractional shares?
Limit orders and market orders are available for buying fractional shares. With limit orders, you need to input the price and quantity. Eg, 0.01 share for $500/share. While with market orders, you can choose between Buy in shares or Buy in dollars.
What happens to my fractional shares if there is a stock split?
In the case of a stock split, if you own less than a whole share, it will be sold and you will receive cash. If you own more than a whole share, the fractional part will be sold and the whole part will split as whole shares.
Can I day-trade fractional shares?
Yes. Just like trading whole shares.
Can I use stock vouchers or commission-free cards on trading fractional shares?
Yes, with the same process of trading whole shares on Tiger Trade.
Can I trade fractional shares either by quantity or amount?
Yes, you may click the "Switch" icon in the order placing page.
Please also refer to US Fractional Share Trading Disclsoures