Can I buy fractional shares on Etrade

ETRADE Fractional Shares

Does E*TRADE allow buying partial shares of expensive stocks in 2023? E*TRADE fractional shares investing.

Can You Buy Fractional Shares on E*Trade?

If you want to trade fractional shares at E*Trade, you really need to read this article. We have all the information you need plus some helpful suggestions.

Trading Fractional Shares at E*Trade

As with most other brokerage firms, E*Trade’s software can be used to place fractional-share trades of mutual funds. On the buy side, only whole-dollar trades are accepted, and this of course will result in a fractional-share position of the fund.

Unfortunately, E*Trade does not yet offer fractional-share trading on the buy side for equities and ETFs, although it is possible to sell fractional shares. Because E*Trade offers a free DRIP service for both stocks and ETFs, many customers will have fractional-share positions.

To sell a fractional share at E*Trade, you must use a day order. If the order totals more than one full share (let’s say 1.084 shares, for example), either a market or limit order can be used. For an order less than a full share, a market order must be used. In either case, the full decimal quantity must be sold. You can’t sell part of a fractional share.

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Webull as a Second Option

If gaining partial shares through dividend reinvesting and then selling them doesn’t appeal to you, you can head over to Webull and buy fractional shares as much as you wish. The broker permits fractional-share trading (including buying) of both stocks and exchange-traded funds.

Webull does have a $5 minimum purchase amount, although this requirement is waived on the sell side. On either side, a transaction must be worth at least 0.00001 shares.

Buying Fractional Shares on Webull Website

Webull also permits day trading and swing trading of partial shares, which means Webull is a good place to practice short-term trading with small amounts of capital. However, fractional shares cannot be shorted.

Although Webull’s trading platforms do offer practice trading, fractional-share trades cannot be submitted in demo mode.

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Buying Fractional Shares

A good place to submit fractional-share trades in live mode is on Webull’s desktop platform. Compatible with Windows, Mac, and Linux, this advanced software far exceeds expectations based on the broker’s $0 commission schedule.

Buying Fractional Shares on Webull Platform

There are three order tickets on the desktop platform: an options ticket, an advanced trade ticket, and a regular order form. Trades for fractional shares can be sent using either of the last two.

On either of these two tickets, there is a quantity field. Next to the quantity field is an icon. Click on this to shuffle through some different choices. Make sure you select the dollar sign. This will allow you to enter a dollar amount into the field.

Once you have the dollar sign selected and a dollar amount entered, you’re ready to submit the order. On the active trade form, you have to put a check mark in the box right next to the quantity field to verify your selection.

With either the regular or active trade ticket, you will have to use a market order. Webull does not permit the use of limit orders for partial shares. Also, market orders at Webull can only be set to the day session. This means fractional-share trades are not eligible for extended hours, and if an order is not filled, it will be canceled.

Besides ETFs and stocks, Webull offers fractional-share trading of closed-end funds and fractional-coin trading of digital currencies.

Buying Fractional Shares on Webull App

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About the Author
Chad Morris is a financial writer with more than 20 years experience as both an English teacher and an avid trader. When he isn’t writing expert content for, Chad can usually be found managing his portfolio or building a new home computer.