Fractional shares (UK)

(Richard) #21

Magic. Ta.

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#22

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

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Fractional shares (US)
#23

Yes, you’re right. UK fractionals are on our roadmap for the future.

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#24

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.

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#25

I agree. UK fractionals would be preferable alongside a recurring trade feature like this: Recurring trades using set interval

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(Dave Smith) #26

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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(PJ) #27

Are fractional shares available or have I read a misinformed article? Many thanks

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#28

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

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(Alex Sherwood) #29

We don’t offer fractional shares yet. Thanks for the heads up, we’ll get in touch with them.

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(Alex Sherwood) #30

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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#31

Okay good to know mate!

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