The fractional share offering available on the Gotrade app allows you to purchase securities in dollar amounts rather than share quantities. Please be advised that trading in fractional shares has unique risks and limitations that you should understand prior to trading in fractionals.


The fractional share offering available on the Gotrade app allows fractional holdings up to eight decimal places.  For all notional based orders, your transaction will never exceed the order amount. Rounding may also affect your ability to be credited for cash dividends, stock dividends and stock splits. For example, if you own 0.00000001 shares of stock that pays a one cent dividend per-share, you will not receive credit for a fraction of a cent.

No Limit Orders

At this time, you will only be permitted to place market orders on the Gotrade app for fractional shares.

Trade Capacity and Execution

Fractional share orders will comply in all aspects with respect to “best execution” on all orders executed through DriveWealth, LLC[1] (“DriveWealth”) in line with its regulatory requirements. This means that you will receive the National Best Bid or Offer (“NBBO”) as of the time of your order, for all full share and fractional share components of a transaction. Any order greater than one share that includes a fractional share component will be executed in a mixed capacity. DriveWealth will act in either a principal or riskless principal capacity with respect to the fractional share components of the transaction, or DriveWealth will act in an agent capacity with respect to the full share component of the transaction. Your trade confirmation will disclose the agent and principal/riskless principal capacities of a mixed capacity trade. If you enter an order solely for a fractional share, DriveWealth will execute your trade against its proprietary account at the then current NBBO price. Orders entered outside of regular trading hours will be queued for execution when the market is open.

Transfer of Fractional Shares

Fractional shares are not transferable. If you close your account or transfer your account to another firm, the fractional shares held in your account will need to be liquidated. Similarly, Fractional shares cannot be put into certificate form and mailed. Liquidations of fractional shares may result in additional charges which may match the value of the fractional share if less than our minimum commission.

Voting Rights

There are no voting rights for the fraction of a share owned.


V.01 01/06/2020

[1] DriveWealth, LLC is a registered broker dealer and a member of Financial Industry Regulatory Authority (“FINRA”) and The Securities Investor Protection Corporation (“SIPC”).