Tiger Brokers

Invest in fractional shares from USD 1
(not inclusive of trading fees)

Lowering the threshold for you to invest in US stocks

As the name suggests, fractional share trading allows you to buy a fraction of a share. It is a way to diversify your portfolio or start small with your investments. It is also a means to own a small piece of a company with a big share price, though you do not get to vote.

Own a portfolio of big-brands starting from USD 1(not inclusive of trading fees)

Choose your favourite shares from 500 of America's leading companies in the S&P 500®. Fractional shares make it easier to allocate your assets in the way you want.

Why invest in fractional shares?

Start from as little as USD 1 each(not inclusive of trading fees)

Fractioning a share enables investors to buy into high-priced US stocks with less capital, making investment building less forbidding for all.

Receive pro-rata dividend payments

Cash dividends will be distributed to you proportional to your holding and rounded to the second decimal place.

Invest in leading companies' shares

Large-cap stability;
Better liquidity*

*Compared to penny stocks

Invest with ease in US fractional shares from New Zealand

Download Tiger Trade and open an account

If you already have a Tiger trading account (i.e. with "Tiger Brokers New Zealand"**), you can buy fractional shares right away. If you don't have an account, you'll need to open one to start investing in fractional shares.

** Trading name of Tiger Fintech (NZ) Limited.

Fund your account in minutes

Once you've opened your account, you could get investing in a few minutes if you deposit via Akahu. There is no minimum deposit required, but there is a USD 1 minimum to invest in US fractional shares.

How to buy fractional shares via Tiger Trade

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After your account has been funded, click the tab Quote-Stocks-US-SP500

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Click Constituent Stock and pick the stock that you wish to invest in

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Click Buy and input the price and quantity for a limit order (only the non-natural number portion of an executed order is fractional share)

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Images displayed are for illustrative purposes only

Pricing

Trade Volume Promotional Transaction Fee Regular Transaction Fee Pass-through Fees
Less than 1 share Up to 4 Transaction Fees waived every month for life, T&Cs apply. 1% × Trade Value
Max USD 1 / Order 		N/A

FAQs

What's a fractional share?

Fractional share is, as its name suggests, a fraction of a share that is less than one whole share. So, instead of buying one whole share of a company, you can buy a fraction of a share. This allows beginner investors to buy into companies that may seem out of reach to them at the time of investment. For other investors, fractional share investing is yet another way to diversify their portfolios and add variety to their investments.

Buying fractional shares is a popular way for investing in the US stock market. Via the Tiger Trade app, you can trade fractional shares for constituents of the S&P 500, broad-based index ETFs such as SPY (S&P 500), QQQ (Nasdaq 100) as well as some Chinese ADRs such as BABA (Alibaba), JD (JD.com), PDD (Pinduoduo Inc), etc.

What's the S&P 500?

The Standard and Poor's 500 (or the S&P 500 as it's more commonly known), is an index comprised of around 500 top listed companies in the US. This list of companies includes huge juggernauts such as Apple, Netflix, Amazon, Tesla, Alphabet (Google) and Pfizer.

Can I trade fractional shares during the pre- or post-market hours?

No, fractional shares are only available to be traded during the regular trading session. GTC orders are not supported yet.

Do fractional shares pay dividends?

Yes. You will receive cash dividends proportionate to the percentage of the share you own. For instance, if a shareholder receives a $1 dividend for each share they own and you own a half share, you'll receive $0.50, it's really that simple. Cash dividends will round to the nearest cent for your fractional part.

Can I vote when I own less than one whole share of a stock?

No. You will only have voting right for whole shares.

Which stocks are available for purchase through the Tiger Trade app?

When you see the "Support Fractional Shares" icon on a stock or ETF's info page, you may buy or sell a fractional share of it (e.g. 0.5 share, 1.5 shares).

What's the minimum on how much I can invest in fractional shares?

From USD 1 not inclusive of fees for manual orders, and USD 2 inclusive of fees for Auto-Invest orders.

What order types can I place when trading fractional shares?

Limit orders and market orders are available for buying fractional shares. With limit orders, you need to specify the price and quantity (number of shares)/amount (trade value) that you wish to trade in. For market orders, you cannot specify the price.

What happens to my fractional shares if there is a stock split?

In the case of a stock split, the fractional share part of an increase will be sold and you will receive cash for it. In the case of a reverse stock split, the fractional share part of your holding after the reverse stock split will be sold and you will receive cash for it. Please refer to https://www.tigerbrokers.nz/help/detail/19154664 for more details.

Can I day-trade fractional shares?

Yes. Day trading is available for fractional shares.

Can I use stock vouchers or commission-free cards on trading fractional shares?

Yes, with the same process of trading whole shares on Tiger Trade.

Can I trade by a dollar amount?

Yes, you may click the "Switch" (⇌) icon in the order placing section to alternate between placing an order by a set trade value or a set number of shares for limit orders.



Please also refer to US Fractional Share Trading Disclsoures