Fractional shares go live! Grab a bite of big brand company shares

You can now buy big brand shares with as little as USD 5 on Tiger Trade.

How?

Through fractional shares!

Fractional shares are just as their name implies a fraction of a share. Fractional shares give the investor the opportunity to purchase less than one share instead of having to purchase the full share of the chosen company. Invest in fractional shares of companies listed on the $S&P 500(.SPX)$ with Tiger Trade.With fractional shares, no share is too expensive. You can easily diversify your investment even if you only have $500.

Reminder: Please update the Tiger Trade app to version 8.0.6 and switch the order page to Promode. Trading fractional shares in Lite mode will be available on version 8.0.8.

Here are some frequently asked questions you may care：

1. What's the $S&P 500(.SPX)$ ?

The Standard and Poor's 500, or the S&P 500 as it's more commonly known, is an index comprised of the top 500 (505 to be exact) listed companies in the US. The list of companies includes juggernauts such as $Apple(AAPL)$ , $Netflix(NFLX)$ , $Amazon.com(AMZN)$ , $Tesla Motors(TSLA)$ , $Alphabet(GOOG)$ and $Pfizer(PFE)$ .

2. What is the trading fee for fractional shares?

If you buy less than 1 share, it is 1% of the trading value, USD 1 max; See example below.

If you buy more than 1 share, eg, 1.5 shares, the standard US stock trading fee applies.

3. Can I trade fractional shares during the pre- or post-market hours?

No, fractional shares are only allowed to trade during the US market open time. GTC order hasn't been supported yet.

4. Do fractional shares pay dividends?

Yes. You will receive cash dividends proportionate to the percentage of the share you own. For instance, if a shareholder receives a $1 dividend for each share they own and you own a half share, you'll receive $0.50, it's really that simple.

5. Can I vote when I own less than one whole share of stock?

No. You have the voting right only if you own at least a whole share.Which stocks are available for purchase through the Tiger Trade appYou can trade fractional shares that are S&P 500 constituents. If you see this icon on the detailed stock page, it means this share is available for fractional trading.6. What order types can I put when trading fractional shares?Limit orders and market orders are available for buying fractional shares. With limit orders, you need to input the price and quantity. Eg, 0.01 share for $500/share. While with market orders, you can choose between ‘Buy in shares’ or ‘Buy in dollars’.

7. What happens to my fractional shares if there is a stock split?

In the case of a stock split, if you own less than a whole share, it will be sold and you will receive cash. If you own more than a whole share, the fractional part will be sold and the whole part will split as whole shares.

8. Can I day-trade fractional shares?

Yes. Just like trading whole shares.

9. Can I use stock vouchers or commission-free cards on trading fractional shares?

Yes, with the same process of trading whole shares on Tiger Trade.

Disclaimer:(SG)

The information expressed herein is current and does not constitute an offer, recommendation or solicitation, nor does it constitute any prediction of likely future stock performance. Investment involves risk. The price of investment instruments can and do fluctuate, and any individual instrument may experience upward or downward movements, and under certain circumstances may even become valueless. Past performance is not a guarantee of future results. This advertisement has not been reviewed by the Monetary Authority of Singapore.

Disclaimer:(AU)

Information provided may contain general advice without taking into account your objectives, financial situations or needs. It does not constitute an offer to sell, a solicitation to buy, a recommendation or endorsement for any financial product or strategy, nor does it constitute an offer to provide financial product advice. Capital at risk. See FSG, risk disclosures and fractional shares disclosures, PDS, TMD and T&Cs via our website before trading.

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Disclaimer:（NZ）

Investments carry risk. This is not financial advice and should not be regarded as a solicitation on acquiring or disposing of financial products. Content being discussed, shared, and commented in this commentary does not consider your own investment objectives or financial needs. Please read our disclosures, terms and conditions on our website to understand the risk involved. You may seek professional advice before investing.