Best Brokers for Fractional Shares (March 2023)

If you are just getting started investing, it's much easier to invest in stocks and ETFs when you can buy fractional shares, instead of having to buy full shares.

I have been frustrated trying to where I can buy fractional shares of stocks and ETFs and also set up recurring investments so I can make small investment amounts (~$5 per ETF/stock) on a daily, weekly, bi-weekly or monthly basis.

I want to be able to set it and forget it, grow my investment portfolio day in and day out while I'm focused on the rest of my life.

Where to Buy Fractional Shares

  1. Robinhood
  2. Webull
  3. SoFi Invest
  4. M1
  5. Public
  6. E*TRADE
  7. Charles Schwab
  8. Fidelity
  9. TD Ameritrade

Robinhood Fractional Shares

With Robinhood you can buy fractional shares of stocks and ETFs with for as little as $5 per investment, you can also set up recurring purchases of fractional shares on a daily, weekly, biweekly or monthly basis.

Here's a recent YouTube video where I setup a recurring investment of $7.25 per day in a high dividend ETF on Robinhood.

Webull Fractional Shares

With Webull you can purchase fractional shares of ETFs and stocks for as little as $5 per investment. Recurring investments are also available on a daily, weekly, biweekly and monthly basis.

SoFi Invest Fractional Shares

I've been purchasing fractional shares and ETFs on SoFi Invest for several years now. You can make investments for as little as $5. Recuring investments are also available on a weekly, biweekly and monthly basis.

M1 Fractional Shares

I've been investing with M1 for several years, the broker was created to invest in a portfolio of factional shares on a recurring basis. It's easy to create a portfolio (pie) of several stocks and/or ETFs, you choose the percent of your portfolio you'd like to have in each asset. You set up a recurring deposit and M1 will invest in fractional shares to bring your portfolio as close to your ideal portfolio balance with each deposit.

Public Fractional Shares

With Public, you can buy fractional shares of stocks and ETFs. Public doesn't currently have a recurring investment feature.

E*TRADE Fractional Shares

E*Trade now allows you to buy fractional shares of certain ETFs and can make recurring ivestments of the ETFs.

Charles Schwab Fractional Shares (Stock Slices)

With Charles Schwab, you can buy fractional shares in S&P 500 companies, not in other stocks or in ETFs. Currently, you also can't set up recurring investments in fractional shares of the S&P 500 companies. If you sign up for a Schwab account on the Schwab's Starter Kit page, you can get $101 of free fractional shares after deposisting $50 or more in your new Schwab account.

Fidelity Fractional Shares

With Fidelity, you can invest in fractional shares for as little as $1 in thousands of stocks and ETFs.

TD Ameritrade Fractional Shares

TD Ameritrade doesn't give you the option to buy fractional shares. TD was acquired by Charles Schwab and will soon no longer exist and just be a part of Schwab.

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