If you’re using the Tiger Trade, a trading fractional stock app from Tiger Brokers, fractional share trading offers a convenient way to invest in high-value stocks and ETFs without committing to the full price of a single share. However, not all stocks or ETFs are available for fractional trading. Let’s take a closer look at what is currently supported and how you can manage fractional shares on the platform.
What Are Supported Contracts for Fractional Shares?
At present, fractional trading is available on certain US stocks and ETFs, with a particular emphasis on popular and well-known stocks, including those that are part of the S&P 500 index. These include a wide variety of stocks across different industries, allowing you to gain exposure to major market players without needing to purchase full shares.
Some examples of these stocks include large-cap companies like Apple, Microsoft, and Tesla, among others. Many of these stocks are part of the S&P 500, one of the most widely followed indices for large US companies, and are often a preferred choice for investors looking for liquidity and stability.
How to Check Fractional Trading Availability
Before you place a fractional trade, it’s important to check whether the stock or ETF you’re interested in supports fractional shares. Tiger Trade provides a simple way to confirm whether fractional trading is available for a specific instrument.
– Check the Stock or ETF Homepage: Each stock or ETF available for fractional trading on Tiger Trade has a dedicated homepage within the app. This page will show whether fractional trading is supported for that particular asset.
– Availability May Change: Tiger Brokers may periodically update the list of supported stocks and ETFs for fractional trading. This means that certain assets might be added or removed based on market conditions or platform changes. However, if you already own fractional shares of a stock that becomes ineligible for future fractional trading, you can still hold and sell those positions without issue. Closing a fractional position will not be affected by changes to the eligibility list.
Flexibility in Fractional Share Trading
Fractional shares provide a lot of flexibility, especially for investors who want to diversify their portfolio without committing to the full cost of a stock or ETF. With the Tiger Trade app, you can invest as little as a fraction of a share, opening the door to a wide array of investment opportunities, even in high-priced stocks.
Potential Adjustments to the List of Supported Contracts
While Tiger Trade currently offers fractional trading for select US stocks and ETFs, it’s important to note that the platform may adjust the list of eligible stocks over time. This could be based on a variety of factors, such as market liquidity, demand, or changes in regulatory policies.
However, rest assured that any fractional positions you hold will remain intact. If a stock or ETF becomes ineligible for fractional trading, it won’t impact your existing fractional holdings, and you will still be able to sell or close them as needed.
Conclusion
The Tiger Trade app offers fractional share trading for a variety of US stocks and ETFs, including many well-known S&P 500 constituent stocks. This enables investors to buy small portions of high-value assets and diversify their portfolios without requiring a large initial investment. As Tiger Brokers may update the list of eligible stocks at any time, it’s important to check the stock or ETF homepage within the app to confirm whether fractional trading is available for your desired asset.
With its simple, flexible, and efficient trading experience, Tiger Trade makes it easy for investors to get started with fractional shares and build a portfolio that aligns with their financial goals.
