What is fractional share investing?

Buying parts of stocks - commonly known as fractional shares - is a way to invest in popular stocks without being dependent on matching the share price. The purchase is based on a dollar amount, so investors can buy in quantities of $5 to own a portion of the stock, vs. buying shares they may feel are too expensive.

Is there a downside to fractional shares?

Sometimes, a brokerage will charge every time an investor buys or sells a stock. Whether they were buying a quarter of one share or 500 shares of a stock, these fees can still be charged. Luckily, SoFi allows for the purchase of fractional shares at no additional cost to the investor.

How do you buy fractional shares?

Using an online brokerage offering like SoFi fractional shares can be a simple way to get started choosing your own stocks for dollar based investing. In fact, you can start investing with as little as $5.

Are fractional shares hard to sell?

With SoFi, buying and selling fractional shares are treated the same as traditional stock trading, without added barriers just for owning a portion of a stock.

Can you day trade fractional shares?

Fractional share trading is regulated by the same standards as day trading stocks. Investors should maintain a $25,000 minimum balance to execute more than four day trades in a five-business-day window or they can be marked as a pattern day trader.

How do I sell fractions of a stock on SoFi?

Within your stock holding, simply choose the sell button at the bottom and choose the amount of trade you want to execute. You can sell any amount you’d like, but the smallest denomination we support is up to 5 decimal places.

Fractional Shares - Invest in Partial Shares

Investment Products:

ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE

Rule 606 Order Routing | Statement of Financial Condition | Fee Disclosure

Active Investing and brokerage services are provided by SoFi Securities LLC, Member FINRA (www.finra.org)/SIPC(www.sipc.org). Clearing and custody of all securities are provided by APEX Clearing Corporation.

For additional disclosures related to the SoFi Invest platforms described above please visit SoFi.com/legal.

There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event.

Scheduled orders will be aggregated and executed in the morning trade window of the next business day when the market opens. If the day is not a market day it will be executed the following day. All scheduled orders are aggregated and executed then delivered with an average price.

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