The ability to purchase fractional shares opens up investments in expensive stocks like Amazon or Google to people with small accounts. Webull now offers fractional share purchasing which is great news for anyone wanting to buy less than one share of any given stock. Read on for a step-by-step guide to making fractional share purchases on Webull.
You can purchase fractional shares for as low as $5 on Webull. Open up the order window for the stock you would like to purchase. The standard order type on Webull is a Limit Order and fractional shares cannot be purchased using a limit order. You must first change the limit order to a market order before you can proceed.
To learn more about the different order types on Webull, read this post that explains them.
You will see Fractional Shares Trading Enabled in green on the Market Order selection. Note that not every stock will be eligible for fractional share purchases. After you have switched to a market order, you then need to change your purchase amount from Shares to USD.
Once you have a market order in USD, then you can enter the dollar amount you would like to purchase. You have to enter at least $5 but you can enter any amount greater than that. Tap Buy and your order will execute. You now own a fractional share! You can only purchase fractional shares during regular market hours which are 9:30am EST to 4:00pm EST Monday-Friday.
Public.com is a broker that offers a simpler user interface and you can invest in fractional shares for as little as $1. You can also enable dividends to automatically reinvest for you- something Webull does not offer- so you can grow your account faster! Earn a free stock of your choice valued at up to $70 just for opening an account today. Sign up here.
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