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Fractional Shares (Stock Slices) at Charles Schwab in 2026
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Charles Schwab Fractional Shares
Charles Schwab is a highly rated broker that offers a full range of investment products and services. One of these is a fractional-share program, which the company calls Stock Slices.
Is Charles Schwab a good broker for fractional shares? Read on to learn more.
Key Takeaways
• Charles Schwab offers a service called Stock Slices, which allows the purchase of fractional shares in top U.S. companies.
• These fractional shares can be purchased for as little as $5.
• Fractional shares still pay dividends, but voting rights and transferability are limited.
• There are no commissions when trading online through Schwab Stock Slices.
Stock Slices at Charles Schwab
At Charles Schwab, Stock Slices and fractional shares mean the same thing. Schwab offers fractional shares in the companies included in the S&P 500, but the feature is not available for stocks outside of that index. If you're not already familiar with it, the S&P 500 is a collection of 500 leading large-cap companies trading in the U.S. market.
If you're thinking about using Charles Schwab for fractional-share trading, there are a few limits to remember.
The minimum amount for any Stock Slice is $5, while the maximum is $50,000 per transaction. Still, the upper limit is not very restrictive because you can place Stock Slices orders as often as you want. There is no ongoing cap on how much you can invest.
Charles Schwab Stock Slices Fees
Fees are one thing you don’t need to worry about when trading fractional shares at Schwab. The broker
does not charge commissions on its standard online stock trades, including when buying them in ‘Slices.’
Free Charles Schwab Account
Visit Schwab Website
Using Schwab’s Stock Slices Feature
Schwab offers a couple of different ways to begin using Stock Slices. You can buy individual fractional shares or build collections of Slices when you purchase them together as a group.
To begin, go to the ‘Trade’ tab and select ‘Schwab Stock Slices.”
The next step is to use Schwab’s Stock Slices tool to build your fractional-share portfolio. You can select anywhere from 1-30 stocks, and the tool makes it easy to find the ones you want. You can either locate the shares you want with the search function or by filtering the 502 available stocks by sector.
When your Stock Slice selection is complete, the next step is to decide on an investment amount. Since there is a $5 minimum to open a fractional-share position, the minimum amount you can invest is calculated by multiplying $5 by the number of stocks you have selected. Here is an example selection of 9 popular stocks (not financial advice) that would have a minimum investment amount of $45.
Before reviewing your order and sending it to the market, you can activate dividend reinvestment as long as your selected stocks pay dividends.
Is Charles Schwab Good for Fractional Share Trading?
Charles Schwab is an excellent broker for fractional-share trading. The available securities are all well-known companies, and the stock-selection tool makes it easy to choose the investments you want. Add Schwab’s zero-commission trading for listed stocks, range of trading platforms, and variety of account types, and you get a broker that checks most of the right boxes. If we were to complain about anything, it would be that the only stocks available in the fractional-share program are those listed in the S&P 500.
Free Charles Schwab Account
Visit Schwab Website
Updated on 4/4/2026.
I work in investment analytics and have been investing in the market since I was in high school. I enjoy anything that involves lots of strategy (i.e. a good game of chess), which is why I was naturally drawn to investing and researching companies. Outside of investing, I’m a big fan of the outdoors. In summer, you’re most likely to find me kayaking, camping, and hiking in the mountains.
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