English
Back
Help Center Trading in US Market Fractional shares trading in the US stock market Fractional shares trading in the US stock market

Fractional shares trading in the US stock market

1. What is a fractional shares order

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.

 

2. Fractional share trading rules

  • 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, and attached orders or short selling are not allowed

  • 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.

* Fractional share trading is only available for clients with a Universal Account. To start Fractional share trading, please ensure that your Futubull app is up-to-date.

 

3. Find symbols available for fractional share trading

To find the list of symbols available for Fractional share trading:

  1. Go to the Markets tab

  2. Tap Fractional Shares

Please note that symbols in the list may be updated from time to time based on market conditions, but actions to close existing fractional shares will not be affected by the updates.

To check if a symbol supports Fractional share trading:

  1. Go to the Detailed Quotes page

  2. The Fractional Shares icon will appear in the upper right corner of the page if the symbol is available for Fractional share trading

How to place a fractional shares order

  1. Go to the Trade tab

  2. Select Support Fractional share trading in the Order Types page

  3. Select Limit or Market as the order type

  4. Enter the quantity in decimals* and submit the order

  5. 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.

 

4. Fractional share trading fees

For details about the fee structure, please refer to the related help center article here.

 

5. Margin trading

To buy fractional shares with margin, you can use your unified buying power, and the margin rate is the same as that for whole shares. Please note that Fractional share trading does not support short selling.