Fractional shares (UK)

Yep. Operationally efficient. Legally sound. Standard practice. Nothing fishy.

https://beta.companieshouse.gov.uk/company/10998319

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?

https://www.ft.com/content/eb265556-6b01-11e8-8cf3-0c230fa67aec

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Magic. Ta.

I thought fractional UK shares was on the roadmap…has this changed recently?

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 using set interval

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 Buy an specific number of shares rather than a £ amount - 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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Trading212
Launched fractional share buying option today. They started with selected 30 companies shares.

Hope Freetrade starts soon. Coz currently Trading212 is taking all my investments.

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I like they went super low at a minimum of 10p for fractional. Ocado is a interesting one for the list with shares at around £12, although I suppose if you have loose change then it makes sense. Fractional European Shares ( not ETFs ) like Unilever, and Ocado is a first as far as I know…unless I missed something.

What does the UI look like for Trading212 Fractional Shares?

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Just bought Tesla (0.004 shares ) for Cost £1.15

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I’ve got a bit of pocket money in Trading 212 in the invest account as I’ve maxed my Freetrade ISA. Just waiting for new tax year to add to my Freetrade ISA.
Is Trading 212 sustainable ? They seemed to have chopped and changed their pricing a bit. Now all free bar the trading account which I wouldn’t touch.
I want good companies to make money and be sustainable.
Freetrade have the core values from the start, it felt good to see my 1st £3 ISA payment go out last week. Can’t wait for Alpha.
Not knocking T212.
Long term investing gets the rewards. That’s what Freetrade are all about.

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I can’t wait for freetrades fractional shares. I’d love to set up a “pot” in the future that instead of rounding up my bank card purchases and putting in a savings pot it rounds up and buys a set company’s fractional shares!

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Freetrade, get a banking license…

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Exactly

Exactly this. Fractional shares are a game changer. I use round ups and would use that to invest here.

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They kept that quiet - I wouldn’t have known if I hadn’t seen your post.

Edit: Gave it a try:

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That’s super interesting about T212. If come the new tax year in April Freetrade haven’t caught up I’ll be opening a T212 S&S and contributing there. Can evaluate both platforms one year later in terms of functionality and user experience.

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