Can you buy fractional shares on TD Ameritrade?

TD Ameritrade TD Ameritrade doesn’t offer fractional share purchases, but that won’t matter for much longer, since the broker has now been officially acquired by Charles Schwab. However, the broker will still be opening new accounts until it’s officially rolled into Schwab late next year or the year following.

Does E-Trade support fractional-share trading?

E-Trade does not yet support fractional-share trading for equities and ETFs on the buy side, while fractional shares can be sold. Many users will have fractional-share positions because E-Trade offers a free DRIP service for both equities and ETFs.

How to buy fractional shares?

If you want to buy fractional shares, compare online brokerages and investing apps before you sign up to ensure the one you choose allows it. Also, take a look at the list of stocks or ETFs available as fractional shares. Finally, make sure there aren’t additional commissions or fees for fractional share investing.

Can I transfer fractional shares to another brokerage?

Transfers: Some brokers won’t let you transfer fractional shares to other brokers. Instead, they transfer any full shares and sell any fractional shares to give you as cash. This may be merely an inconvenience, as you may be able to repurchase shares quickly at your new brokerage.