M1 Finance

Public: Trading Fractional Shares of Stock

2020: Does Public.com offer buying of partial (fractional) shares of high value stocks such as Berkshire Hathaway (BRK.A), Amazon (AMZN), Tesla (TSLA), Google (GOOG), or Facebook (FB)?

Fractional-Share Trading at Public

If you’re still trading whole shares, you’re missing out on the chance to buy high-priced stocks for a very small amount of money. A new service is on the horizon, and it’s changing the way people trade. Say hello to whole-dollar investing, now available at Public.

Securities Available for Whole-Dollar Investing

During our investigation at Public, we found that most stocks, ETFs, and closed-end funds could be traded in fractions of a share. We did find one example that could not: the Perth Mint Physical Gold ETF (AAAU). There may be others.

Fees and Commissions

Public is a no-fee brokerage firm. It does not charge commissions on trades, and it does not impose any surcharges for fractional-share trades.

Open Public Account

Get FREE stock and $0 commission stocks/ETFs/partial shares.

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Placing a Trade on the Mobile App

Public doesn’t have a desktop platform or even a website login. The broker’s customers submit orders through its mobile app, which is the only trading platform it currently offers. It’s pretty bare bones, but that does mean it’s easy to use.

Public Partial Shares Buying

To get to the broker’s order form, you first need to pull up a security’s profile. To do this, you can choose one of several methods. A watchlist is automatically integrated into the app, and you can tap on one of the listings to get a profile for that particular asset.

There’s also a search tool located in the bottom menu. It’s represented by a magnifying glass. Just tap on that and you’ll get the search field at the top of the screen. You can type in a ticker symbol or company name.

If you don’t have anything in mind, there are some ideas below the search field. Public groups investments into categories, and there are tiles on this page. Examples include water utilities, the stay-at-home economy, wearable technology, cash cows, telecom, women-run companies, health care, software firms, AI stocks, and much more.

When you click on a tile, you’ll get a list of stocks in that category. Click on a stock or ETF in the list and you’ll get the security’s profile. From here, just click on the blue Buy button and you’ll get the order ticket. If the security is eligible for whole-dollar investing, you’ll be able to type in a dollar amount and submit the trade. If the asset isn’t eligible, you’ll have to type in a number of shares and select the order type (such as market or limit).

Open Public Account

Get FREE stock and $0 commission stocks/ETFs/partial shares.

Open Public Account