@Freetrade_Team_Design will be happy to read this.
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That’s definitely the plan 
. It’s very easy with US shares as you just say how much you want to spend and we’ll go and get as many shares as we can at that amount. With UK shares, I want to bring in the same UX where you can say how much you want to buy, and we’ll round to the closest number of whole shares.
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Here’s how Coinbase do this:
Looks super simple 
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This is how IG do it…
Choose an amount to invest, so say ÂŁ500, then it calculates how many shares this will buy, factoring in your ÂŁ8 (
) dealing fee.
Also when you change the order level for on exchange trades, it dynamically adjusts the quantity of shares according to the level you set. Whilst it’s not compelling and beautiful, it’s fluid and clear on mobile.
I’m guess fractional trades will use the same principle?
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Sorry if this has been asked previously but, if we did purchase fractional shares, how does it work in terms of ownership and dividends? Would the shares be in the individuals name and dividends paid into their freetrade account? Similarly with full shares?
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Yes, if you own 0.5 or company X, you will get their payout * 0.5
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What @vlad said
Plus, your shares are held by Freetrade nominees so the dividends (fractional or otherwise) are paid to us and we pass them to you - in to your Freetrade account. Standard practice, nothing to worry about, we’re on the ball 
and will pay them to your account ASAP (usually pay date as long as we ourselves receive the payment). As you’d expect there’s rules and regulations surrounding dividend payments. Even if there wasn’t we’d still strive to get your money to you quickly because a) it’s your money and b) we’re just nice like that
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Thanks rob, so to clarify, the shares aren’t in my name, they would be in Freetrade Nominees?
Yep. Operationally efficient. Legally sound. Standard practice. Nothing fishy.
If you want them in your own name you can either store certificates under your mattress. Sounds a bit old school? You should then try trading them!
You could operate a personal Crest account with people like Charles Stanley, Redmayne or Killik but I’d reckon you’ll pay a decent fee for that and I have no idea what happens in the event of corporate actions. I’m guessing (I really am guessing - I genuinely do no know) that in a corporate action event your “sponsor” broker manages your Crest account for you… for a cost. I personally just don’t have enough incentive to have my name on the share register and am more than happy with a nominee structure. You might not be. Up to you. Have a look at ShareSoc if so inclined.
Anybody mentions Beaufort Securities will have clown emojis sent in their direction. That’s a different story and SURPRISE the auditors have climbed down from their ludicrously high initial costings. Who would have guessed?
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Magic. Ta.
I thought fractional UK shares was on the roadmap…has this changed recently?
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Yes, you’re right. UK fractionals are on our roadmap for the future.
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If you want to offer an automated “invest monthly” feature (I hope you do), and don’t want to complicate things by saying “but you can’t do it with UK shares” (not that I think most people would want to; tracker ETFs make more sense), you’ll need fractional shares on everything first.
Because I don’t think it makes sense for an automated investment of £X to not invest 100% of X every time. You don’t want to be worrying about manually sweeping up your un-invested remainders.
I agree. UK fractionals would be preferable alongside a recurring trade feature like this: Recurring trades
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Recurring trades can work without fractionals, That’s the way HL do it, they just buy as many shares as possible up to the amount you set and any spare cash ends up as cash in your account
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Apologies if this has been answered, but will you get the choice to either purchase fractional or whole.
My scenario is for basic orders when say I put £100 and the order is executed at 4pm, I don’t know what the exact price is - so I may want either £100 worth of shares or the amount of full shares I can get for £100 with the difference refunded, as you guys do today.
Just want to know that I can do either or when the option arises?
Cheers
Curtis
We don’t offer fractional shares yet. Thanks for the heads up, we’ll get in touch with them.
It’s a bit too soon to say exactly how fractional shares will work. The nice thing is that they’ll enable us to let you https://community.freetrade.io/t/buy-an-specific-number-of-shares-rather-than-a-amount/1486 - although that might not be an option straight away when they launch.
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Okay good to know mate!
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