Fractional Shares Timescale

Freetrade Chat šŸ”„
1

Hey guys,
I keep seeing mention of fractional shares coming soon - just wondering if you had a timescale at all?
On that note, the two other things that Iā€™d mainly be interested in (besides more stocks!) is an API to retrieve my positions, average entry price, ex div dates etc, and some sort of DRIP - are both of these on the horizon? Any idea when abouts theyā€™d be likely to be released? I guess DRIP canā€™t really happen before fractional shares, so thatā€™s the pressing one really!

Thanks!
Alex

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2

If you look at the roadmap, Fractional shares is in the up next after all the things theyā€™re working on at the moment. Later this year is the only timeline Iā€™ve seen mentioned

Roadmap here
https://www.notion.so/freetrade/6f1f87c6027642639ab342e7c161f8b8?v=663c5caa208d4b2ba91a29bbf1b968a3

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3

Hey Alex, welcome to the community :wave:

As Emma mentioned, the roadmapā€™s the best place to check for a summary of the things that weā€™re working on & getting a rough timescale for when theyā€™ll be ready. We donā€™t have a more concrete date for the launch of fractional shares yet. But weā€™ll be sure to share it here as soon as we do.

We collect everyoneā€™s suggestions in the #ideas category in the community & you can vote for the ideas that youā€™d benefit from the most, to help us prioritise what to add.

Thereā€™s topics for [Feature Request šŸ”§] APIs for Accessing User Portfolio & ā˜‘[Feature Request šŸ”§] Autopilot šŸ¤– (Automatic investment) already (& they have quite a few votes :muscle:) so get stuck in :grinning:

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4

Cool - thank you both!

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5

Quick question: is the ability to purchase a percentage of a share specific to stocks, or theoretically you could also purchase a fraction of a bond if you decided to also allow users to buy bonds with the platform in the future?

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Anything more specific on when weā€™ll get fractional US shares? This the a killer feature and the reason I signed up.

Is there somewhere to vote to push this to the top of ā€œup nextā€?

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They have their own timelines and priorities that are unrelated to voting popularity on this forum.

8

Idea thread can be found here along with details of roadmap (this feature is already on the roadmap)

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Thatā€™s not quite right, votes on this forum are one of the considerations when we decide what to prioritise.

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Thank you, I searched but couldnā€™t find the idea. I have voted for it now.

Itā€™s baffling to me that in the US, they seem to see a high per share price as a good thing. ā€œBigger is betterā€ mentality I guess.

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11

Iā€™m also desperate to get fractional shares. All weā€™ve heard is that it will be this year, but no word on whether it will be Q3 or Q4

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12

Hi Alex. Is it still the plan to have fractional shares from Ā£1 upwards? I seem to remember seeing it on the homepage but it doesnā€™t seem to be there anymore so I wondered if thatā€™s still the case?

13

Hi Alex,
Where can I find the roadmap?

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15

Roadmap is here.

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16

We just used Ā£1 because it was a nice low, round figure. Thereā€™s no set minimum order value at the moment but weā€™ll have to wait and see how fractional shares shape up before we can confirm if there will be a minimum value for those :balance_scale:

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Will we be able to buy fractions of ETFā€™s ?

18

Please only do fractional shares as an option. I personally want to buy whole shares

19

It has been confirmed by the FTā€™s team that buying by whole shares is coming. No ETA though

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20

Thanks

21

It is already here? With the new PLUS account offering worked orders there is now a way of buying whole shares.