Fractional shares allow investors to buy portions of a stock, making it easier to diversify portfolios without needing to invest in whole shares. If you’re interested in purchasing fractional shares through the Tiger Brokers platform, here’s a step-by-step guide on how to do it.
Step 1: Ensure You Have the Right App Version
To purchase fractional shares, first ensure that you have the Tiger Trade app version 8.0.5 or above installed on your device. This version supports the buying and selling of fractional shares.
Step 2: Check Instrument Eligibility
Once you’re in the app, navigate to the contract detail page of the stock you are interested in. Look at the upper right corner of the page to see if the instrument supports fractional shares. This indicator will help you determine whether you can proceed with your purchase.
Step 3: Placing an Order
When you’re ready to place an order for fractional shares, you have two options:
- Enter Quantity: You can enter the quantity you wish to purchase in decimal form using the numeric keypad. The minimum quantity you can buy is 0.00001 shares. Keep in mind that the minimum order amount is USD 1, but this limit may be adjusted at any time.
- Order by Amount: Alternatively, you can choose to place an order based on the dollar amount you wish to invest. Simply select the option to order by amount and enter a minimum amount of USD 1.
Step 4: Execution and Market Volatility
After your order has been placed, it will be executed according to market conditions. Be aware that there may be a small gap between the executed quantity and your original order quantity due to market volatility. This is a common occurrence in trading and is important to consider when planning your investments.
Conclusion
Purchasing fractional shares on Tiger Brokers is a straightforward process that allows for flexibility in your investment strategy. By following the steps above, you can easily navigate the app and make the most of your trading experience. Tiger Brokers provides a robust platform for accessing various investment options while ensuring the security of clients’ assets. Understanding how to purchase fractional shares can help you manage your investment portfolio more effectively.
