Fractional shares (US)

[anon2636484]

@VikPaw

@alexs I read somewhere it could be the US intermediary that holds the unsold fraction, which gives them less risk as they can also sell them to other parties.

Ahh that sounds more logical.

@VikPaw

I’m not concerned about the risk as it’s low I just wonder how it works and whether there are restrictions on us as consumers or whether the risk is held by Free trade.

I’m guessing it’s the latter but it’d be good to have some confirmation of that (not that this is urgent while we can’t actually buy fractional shares).

@VikPaw

I have direct US holdings and I think all offer a DRIP with fractionals. So it wouldn’t just be the high value shares that have the fractional issue if dividends on all shares are to be taken into account.

@VikPaw

Just to clarify are we looking at having fractional holdings in the UK as well?

There’s a dedicated topic for the UK. But the TL;DR is Freetrade won’t offer them I’m afraid.