More and more people are joining in trading stocks. This is thanks in no small part to the rise of fractional shares trading.
DEGIRO is one of the most popular brokers in Europe for new traders, and fractional shares trading is a very in-demand feature.
Here we look at more details of fractional shares as well as their availability with DEGIRO and other top brokers.
Fractional Shares on DEGIRO: Are they available?
Presently, DEGIRO fractional share trading is not available.
With that said, the company continues to evolve and develop its offering with newly added features.
Therefore, given the popularity of fractional shares trading, it is possible they may add such capability in the future.
(Investing involves risk of loss)
Fractional Shares alternatives to DEGIRO
With fractional shares not available on DEGIRO you will have to choose another broker if this is how you want to trade. There are many excellent alternatives you can find, with some of the best mentioned below.
Both offer fee-free trading on real stocks, and with the possibility of fractional share trading. You can take a look at our chart below for more details.
|Fractional Shares From||No||$50||$1|
|Commissions on stocks||Very low||None||None|
|Stocks exchanges available||50+||17||7|
|Number of stocks available||+30.000||950+||3.000+|
Why are Fractional Shares Useful?
Fractional shares have a number of benefits.
Among these is the fact they allow you to gain access to typically high-priced stocks that you may not otherwise be able to afford.
It also helps to naturally limit your risk since your investment amounts will be smaller and more broken up. Overall this can also allow you to manage your holdings in a very organized, efficient way.
Invest with GBX on DEGIRO
At DEGIRO you may well have noticed that trading on the London Stock Exchange the pricing can be listed as GBX.
If this is the case then it indicates the stock is listed with its value in pennies, for example, a 100GBX stock translates to a value of 1 GBP (£1). This can introduce you to some very cheap stocks if you are interested in trading so-called “penny stocks”, or managing your risk at lower levels.
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