In finance bps is basis points. It is a unit of measurement equal to 0.01% ( 1/100th of a percent ).
In that screenshot it’s showing the fx conversion fee shown in bps. It says 45bps which is 0.45%.
Fractionals roll out tomorrow for beta testers. Cannot wait for this.
Where did you get this news from?
Check your emails it came through on one of @Viktor ‘s emails this afternoon
Exciting news!
Strange I didn’t get any email, Iv noticed I’ve not been included in the last few beta test I wonder why this is @Viktor are you able to help with this?
Will all beta testers test fractional shares or are you just picking a select few to help test them.
"The timeline of the rollout:
- We’ve been doing alpha (staff) testing for the past week.
- A number of our beta tester volunteers on the community forum will help us put the feature through its paces, starting tomorrow!
- Fractional shares will gradually roll out to everyone throughout May.
- When the rollout is complete, we’ll start adding the top requested US stocks, also in May.
Similar to the Invest by Freetrade upgrade process, the more active (ie. regularly investing) accounts will see the feature enabled first."
Is there scope to choose etf’s/trusts/shares and select a weighting and just make one payment?
I hope they allow us to select an option between fractional or whole!
I hope I get my hands on this soon. I have a few ETFs I want to purchase.
Why do you care?
With payday on Thursday I’m praying I get the chance to use this feature early!
Why do people not put the TV volume on odd nubmers?
How do you become a beta tester on Android
Because it will cause mayhem in my brain. If I want to utilise it it will need to be exactly 0.5. Even then the OCD would struggle.
I also will love if I have the option to buy a number of shares (whole or not) OR a fixed amount of money
Hey hey!!! Finally someone said it lol, and also for dividends simplicity so we don’t have to work out fractions of a dividends plus 15% tax from US dividends, fx fees etc (yes yes petty picks)… but mainly OCD literally haha
After some initial testing of the feature with staff, the time has come to start beta testing US fractional shares.
And we need your help.
We’re looking for 500 volunteers to help us test this feature.
If you sign up, there may be some restrictions or performance issues on your app. There will also be some changes in the way that we handle your orders and provide services to you.
These are outlined in the form below:
Sign up here to the US fractional shares beta tester waitlist
After you’ve completed the above form, you don’t need to do anything else.
We’ll let you know with an in-app message if we’ve selected you, so keep checking your app. This should be within a week.
If you don’t make it into the initial 500 beta testers, we’ll include you in the next stage of rollout, which won’t be much longer.
Thanks for your support!