8 Best Brokers for Trading Fractional Shares
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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Brokers that offer fractional shares allow you 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 |
|---|---|---|---|---|---|
5.0/5 | $0 per trade for online U.S. stocks and ETFs | $0 | None no promotion available at this time | Learn moreon partner's site on Fidelity's website | |
4.5/5 | $0 on trades of stocks, ETFs and their options. Other fees may apply. | $0 | 1 Free Stock after linking your bank account (stock value range $5.00-$200) | Learn moreon partner's site on Robinhood's website | |
4.6/5 | $0 | $0 | Earn up to $10,000 when you transfer your investment portfolio to Public. | Learn moreon partner's site on Public's website | |
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 | |
5.0/5 | $0 per trade | $0 | None no promotion available at this time | Learn moreon partner's site on Interactive Brokers' website |
Fees
$0
per trade for online U.S. stocks and ETFs
Account minimum
$0
Promotion
None
no promotion available at this time
Our Take
Commission-free stock, options and ETF online US trades.
Large selection of research providers.
Strong customer service.
Expense-ratio-free index funds.
Highly rated mobile app.
High interest rate on uninvested cash.
Relatively high broker-assisted trade fee.
Fidelity is one of the largest and most well-established brokerages, and it shows. Fidelity charges no trading commissions, offers an extensive set of no-fee, no-minimum index funds. It also stands out for its top-notch research tools, a renowned trading platform and very strong customer service.
Fees
$0
on trades of stocks, ETFs and their options. Other fees may apply.
Account minimum
$0
Promotion
1 Free Stock
after linking your bank account (stock value range $5.00-$200)
Our Take
Commission-free stock, ETF and ETF option trades.
Streamlined interface.
Cryptocurrency trading.
IRA with 1% match (3% for Gold members).
High interest rate on uninvested cash.
No mutual funds.
Little third-party research.
Robinhood provides free stock, ETF, ETF options and cryptocurrency trades (but no bonds or mutual funds), and its account minimum is $0, too. Robinhood Gold offers a high interest rate on uninvested cash and low margin rates.
Fees
$0
Account minimum
$0
Promotion
Earn up to $10,000
when you transfer your investment portfolio to Public.
Our Take
Commission-free stock, options and ETF trades.
Rebates for trading options.
Easy-to-use signup and trading interface.
High interest rate on uninvested cash.
No mutual funds.
Lack of tools (e.g. customizable investment screeners).
Public provides free stock and ETF trades, pays you to trade options, and gives traders access to crypto and bonds, as well as a high-yield cash account. The platform will appeal to traders looking for a low-cost options broker and access to many types of assets.
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.
Our Take
Commission-free stock, options and ETF trades.
Easy-to-use platform.
App connects all Chase accounts.
In-person customer support at Chase branches.
Low interest rate on uninvested cash
J.P. Morgan Self-Directed Investing is a clear-cut investment platform that is great for beginners looking to learn how to buy and sell investments. More advanced investors, however, may find it lacking in terms of available assets, tools and research. INVESTMENT PRODUCTS: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
Fees
$0
per trade
Account minimum
$0
Promotion
None
no promotion available at this time
Our Take
Commission-free stock, options and ETF trades.
Large investment selection.
Strong research and tools.
Huge selection of no-transaction-fee mutual funds.
High order execution quality.
High minimum to earn interest on uninvested cash.
Website can be difficult to navigate for beginner investors.
Don't let the name fool you: IBKR Lite offers commission-free stock trading (including international trade capabilities), more than 19,000 mutual funds, and a well-featured platform.
Fees
$0
per trade
Account minimum
$0
Promotion
Up to $250
in Transfer Fee Rebates
Our Take
Commission-free stock, options and ETF trades.
$0 contract fee on options trades.
All mutual funds are commission-free.
Chinese language options.
No forex, futures or crypto trading.
Low interest rate on uninvested cash.
In addition to free stock and options trading, Firstrade charges no commission for mutual funds, a deal no other broker matches. Options traders will appreciate that the broker charges no contract fee, also a rarity among brokers.
Fees
$0
Account minimum
$0
Promotion
None
no promotion available at this time
Our Take
Powerful trading platform.
Commission-free stock, options and ETF trades.
Low options contract fees.
Strong mobile trading app.
Limited external research providers.
Low interest rate on uninvested cash.
Advanced platform not suitable for beginners.
Tastytrade is a unique broker that offers a highly advanced trading experience. Investors will like the broad investment selection and advanced trading features, but beginners should be aware that this is not the platform for them.
Want to compare more options? Here are our other top picks:
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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 August 18, 2025
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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
Frequently asked questions
Does Vanguard offer fractional shares?
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.
Does Charles Schwab offer fractional shares?
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.