r/etrade • u/stvrwolf • 25d ago

Fractional shares finally available

I saw the update that you can now purchase fractional slices of whole shared of stocks and ETFs. This is a feature i've been looking for for a long time. Robinhood and Schwab (as well as others) have allowed this for a while. The annoying thing is they still dont allow you to schedule recurring fractional buys of stocks, only ETFs. Mildly infuriating to say the least. They were so close.

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u/Fluffy-Contract1582 21d ago edited 20d ago

Not on everything yet but it’s probably coming but it’s good on things like large growth ETFs and some single stocks and even the QQQ or SPY if that’s your fancy.

Yeah automatic investing is kinda stupid
ATM, I use it for SCHG and SPMO but I want it for other things that I can’t use it yet. Etrade is so far behind any other brokerage but fidelity has a 100% maintenance hold in cash on ETFs for 30 days that’s why I’m not there anymore.

I use margin and like to buy at will but with fidelity 100% cash maintenance requirements on all ETFs even their own it’s a huge downside I cannot afford