Dollar Based Investing

How do fractional shares work?
Our unique fractional share program allows you to purchase securities in dollar amounts rather than share quantities. As the US market operates on a books ...
Tue, 7 Nov, 2017 at 4:39 PM
Do I own these fractional shares?
Yes. The fractions of shares are held in your name with our broker and held in custody by ETC (Electronic Transaction Clearing) . Full interest is assigned ...
Mon, 4 Mar, 2019 at 1:17 PM
Can I sell fractional shares?
Yes, these are your shares. You can sell them whenever you like.
Tue, 7 Nov, 2017 at 4:39 PM
Can I transfer fractional shares
Only whole shares can be transferred. If you want to transfer your shares to another broker, you can transfer your whole shares but you will need to sell yo...
Tue, 7 Nov, 2017 at 4:39 PM
Do I receive dividends on fractional shares?
Yes. You receive a dividend payment based on the fraction of the share that you own. If you own 10.60 shares of Berkshire Hathaway, and it pays a $100 divi...
Tue, 7 Nov, 2017 at 4:39 PM
Do I get voting rights with fractional shares?
No. Fractional shares do not have voting rights for the fraction of a share owned. If you own 21.3 shares, you receive voting rights over 21 shares.
Tue, 7 Nov, 2017 at 4:39 PM
How do you round fractional shares?
Our broker, DriveWealth rounds the amount of fractional shares you can purchase and own in your account down to the nearest four decimal places. This may af...
Tue, 7 Nov, 2017 at 4:39 PM
Can I place a fractional limit order?
Stake only accepts market and stop orders for fractional shares at this time.
Tue, 7 Nov, 2017 at 4:39 PM
What is Dollar based investing?
The US market offers fractional shares, which means you can buy a fraction of a share which allows you to own an exact dollar amount of a company or ETF. No...
Fri, 31 Aug, 2018 at 12:11 AM
Can I just trade whole shares?
Yes. To just trade whole shares, place an Advanced Order (select limit order) which sets the # of shares you want to buy.  This will place your order for th...
Mon, 1 Jan, 2018 at 8:18 PM