The world of investing has become more accessible than ever, and fractional shares are a great example of how technology is democratizing finance. Fractional shares allow investors to buy a portion of a share, making it easier to invest in high-priced stocks without needing large amounts of capital. If you’re looking to trade fractional shares, the Tiger Trade app from Tiger Brokers makes this process seamless. Let’s dive into how you can easily trade fractional shares on the Tiger Trade app.
What Are Fractional Shares?
Fractional shares are parts of a single share, enabling investors to purchase less than one full share of a stock. This is particularly useful when the price of a stock is high, and purchasing a full share would require a significant investment. With the trading fractional stock app, you can invest a smaller amount and still gain exposure to the stock, making investing more flexible and affordable for everyone.
Using Tiger Trade to Trade Fractional Shares
To trade fractional shares on Tiger Trade, you’ll need to ensure that you are using version 8.0.5 or above of the app. This version enables you to access fractional share trading, so be sure your app is up to date.
Once you’ve updated your app, follow these simple steps to place an order for fractional shares:
Step 1: Find the Stock You Want to Trade
- Open the Tiger Trade app and log in to your account.
- Navigate to the contract detail page for the stock you want to trade. On this page, you’ll be able to check if fractional shares are supported for that particular instrument. Look for an indicator on the upper right corner of the page to confirm this.
Step 2: Enter the Quantity in Decimal Form
- When placing an order, use the numeric keypad to enter the quantity in decimal form. For example, if you want to buy 0.5 of a stock, simply enter 0.5 in the quantity field.
- The minimum order quantity for fractional shares is 0.00001, meaning you can purchase a very small fraction of a share.
- Additionally, the minimum order amount is USD 1. This means you can start trading fractional shares with as little as one dollar.
Step 3: Place the Order by Amount (Optional)
If you prefer, you can also choose to place an order based on the amount rather than the quantity of shares. This allows you to specify how much money you want to invest, and the app will calculate the fractional share quantity for you. The minimum amount for this order type is also USD 1.
Step 4: Review and Execute the Order
Once you’ve entered your desired quantity or amount, review your order details to make sure everything is correct. After confirming, place the order.
It’s important to note that there may be a small gap between the executed amount and the order amount due to market volatility. This is a normal occurrence and happens when market prices change during the execution of your order.
Conclusion
The Tiger Trade app offers a simple and efficient way to trade fractional shares, making investing more accessible and flexible. By allowing you to invest as little as USD 1 and providing the option to place orders by quantity or amount, it’s easy to get started, even if you have a smaller budget. Whether you want to invest in expensive stocks or just want to diversify your portfolio, fractional share trading through Tiger Trade offers the flexibility you need to manage your investments.
