Fractional Shares

A share of a high-priced stock can cost several hundred or several thousand dollars. Fractional-share trading lets an order be sized in dollars instead of whole shares — $100 of a $1,000 stock buys one-tenth of a share — making it possible to fully invest a fixed budget regardless of what a single share costs.

Fractional-share trading lets an order be sized in dollars rather than whole shares, so a brokerage internally allocates the corresponding portion of a share to the account. This removes the 'odd lot' problem where a fixed budget doesn't divide evenly into whole shares, leaving cash sitting uninvested, and it makes high-priced stocks accessible to a smaller budget. Fractional shares typically carry the same economic rights as whole shares on a pro-rata basis — dividends are usually paid proportionally — though corporate actions, voting rights, and transferability between brokers can work differently for fractional positions. This is a platform- and broker-dependent feature: SnapTrade and most modern brokerage integrations support it, but availability varies by broker and by security.