A fractional share order of US stocks refers to an order in the US securities market with a trade quantity that includes a decimal. Fractional shares trading typically offers lower costs because you can purchase only the desired amount of stock instead of using extra funds to buy a whole share, thereby lowering the investment threshold and enabling flexible portfolio allocation.

1. Stocks eligible for fractional shares trading

You can find the stocks that support fractional shares trading under Market > Classify > Fractional Shares. Additionally, the details page for individual stocks supporting fractional shares trading will display a fractional share icon.

2. Process of fractional shares trading

Select a US stock that supports fractional shares trading.

• Enter a decimal number in the Qty field (up to 4 decimal places).
• Enter the desired amount in the Amount field. The system will automatically calculate and convert it into the corresponding number of shares based on the current stock price.

3. Corporate actions for fractional shares

Mandatory corporate actions, such as dividends and stock splits, are supported. Other voluntary corporate actions, such as rights issues and offers, are not allowed.

The operation process remains unchanged. For corporate actions involving stock splits or reverse stock splits, you may receive fractional shares. For example, if a stock undergoes a 1-for-10 reverse split and you hold 5 shares before the reverse split, you will receive 0.5 shares after the reverse split.

4. Fees for fractional shares trading in US stocks

FAQs

Q1: What are the trading hours for US fractional share orders?

Fractional shares trading is only supported during the regular trading hours (ET 09:30–16:00). On early close days, the hours are ET 09:30–13:00.

Q2: What order types are supported for fractional shares trading?

Fractional share orders currently support limit orders and market orders. Conditional orders or grid orders are not yet supported.

Q3: Does fractional shares trading support margin financing and short selling?

Fractional shares cannot be sold short. Fractional shares trading supports unified buying power, and the margin rate is the same as for whole shares.

Q4: Can I modify fractional share orders?

Modifying fractional share orders is currently not supported. To adjust an order, you must first cancel it and then place a new order.

Disclosures

This article is for reference only and does not constitute any investment advice.