8 Best Brokers for Trading Fractional Shares of May 2025
Fractional share investing allows you to purchase small slices of a stock, rather than a full share. These brokers let investors buy fractional shares with no commission.
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A few years ago, if you wanted to invest in a stock, you needed to pony up enough money to buy a full share. And since some popular stocks trade in the triple digits or more, that left many would-be stock investors on the sidelines — or unable to build a diversified portfolio, which requires a number of different stocks or other investments.
Brokers that offer fractional shares are the solution to that problem: They allow investors to purchase a small slice of a stock, rather than a full share. What that means is that through an account with the brokers below, you could invest $10 into a stock that's currently trading for $100 a share. Then, you would own a small piece of a share, rather than the full thing. This is also very helpful for dollar-cost averaging strategies, letting you invest a dollar amount that's comfortable at a cadence that works for you. Dollar-cost averaging particularly shines when the stock market is volatile, as it has been in 2025 — when you invest small amounts at a regular cadence, you smooth out ups and downs in a stock's share price.
All of the brokers below allow you to invest in fractional shares with no trade commission, which means your entire investment goes into the stock you choose.
Best Brokers for Trading Fractional Shares
| Broker | NerdWallet rating | Fees | Account minimum | Promotion | Learn more |
|---|---|---|---|---|---|
4.5/5 | $0 per trade | $0 | Get up to $700 when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money. | Learn moreon partner's site on J.P. Morgan's website | |
4.6/5 | $0 | $0 | Earn up to $10,000 when you transfer your investment portfolio to Public. | Learn moreon partner's site on Public's website | |
5.0/5 | $0 per trade | $0 | None no promotion available at this time | Learn moreon partner's site on Interactive Brokers' website | |
4.5/5 | $0 per trade | $0 | 1 Free Stock after linking your bank account (stock value range $5.00-$200) | Learn moreon partner's site on Robinhood's website | |
4.5/5 | $0 per trade | $0 | Up to $200 in Transfer Fee Rebates |
Fees
$0
per trade
Account minimum
$0
Promotion
Get up to $700
when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money.
Fees
$0
Account minimum
$0
Promotion
Earn up to $10,000
when you transfer your investment portfolio to Public.
Fees
$0
per trade
Account minimum
$0
Promotion
None
no promotion available at this time
Fees
$0
per trade
Account minimum
$0
Promotion
1 Free Stock
after linking your bank account (stock value range $5.00-$200)
Fees
$0
per trade
Account minimum
$0
Promotion
Up to $200
in Transfer Fee Rebates
Fees
$0
per trade for online U.S. stocks and ETFs
Account minimum
$0
Promotion
None
no promotion available at this time
Fees
$0
Account minimum
$0
Promotion
None
no promotion available at this time
Want to compare more options? Here are our other top picks:
Fractional shares of ETFs
The above brokers offer fractional shares of individual stocks. But if you're looking for fractional shares of exchange-traded funds, you might also consider two more options.
Vanguard
Vanguard offers fractional share purchases of Vanguard ETFs only, which is why it didn't make our list. However, Vanguard's ETFs are popular choices among investors, and if you want to purchase fractional shares of them, the broker is worth a look.
» MORE: Read our Vanguard review
Stash
Stash offers fractional shares of individual stocks and ETFs. However, the company charges a monthly subscription fee, which is why it didn't make our list above. But the subscription has other benefits, including a banking account and a Stock-Back® Card that pays out stocks as rewards when you shop. It may be worth a look for investors seeking fractional share access alongside those other features.
» MORE: Read our Stash review
Last updated on May 1, 2025
Methodology
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We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary assessment process that scores each provider’s performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars).
For more details about the categories considered when rating brokers and our process, read our full methodology.
NerdWallet's Best Brokers for Trading Fractional Shares of May 2025
Frequently asked questions
Vanguard offers fractional shares of ETFs, but not stocks. This can still be helpful if you want to purchase a pricey ETF, but if you're looking to trade fractional shares of stocks, you likely want to look elsewhere.
Yes, Charles Schwab offers fractional shares through Schwab Stock Slices. Investors can purchase stocks in the S&P 500 for as little as $5 each, including up to 30 fractional shares of these stocks in one transaction. That more limited selection disqualified Charles Schwab from our list here, but if you're interested in trading fractional shares of only S&P 500 companies, Schwab may be worth considering.