Fractional shares represent a portion of a full share of stock. Instead of buying an entire share, investors can choose to purchase a fraction, making it easier to access higher-priced U.S. equities. For example, instead of buying one full share of a company trading at USD 500, users can invest USD 50 and receive one-tenth of a share. Tiger Brokers offers this functionality to support more flexible trading strategies.
Trading Hours for Fractional Shares
On Tiger Brokers, fractional shares follow regular U.S. stock market hours. Trading is available from 9:30 a.m. to 4:00 p.m. Eastern Time (ET) on standard trading days. On half-day trading sessions, the market closes at 1:00 p.m. ET. The platform supports intraday trading of fractional shares during these hours, allowing users to respond to market movements as fast as possiblein real time.
Order Types Supported by Tiger Brokers
Tiger Brokers offers both market orders and limit orders for fractional shares trading.
Market Order: Executes the trade immediately at the best available price.
Limit Order: Executes the trade only when the stock reaches the specified price.
This flexibility allows users to choose their preferred execution method depending on their trading objectives and risk tolerance.
Why Use Fractional Shares?
Fractional shares enable users to manage smaller amounts of capital while still gaining exposure to specific companies or sectors. This approach can support a more diversified portfolio, as users are not limited by the full share price of individual stocks. It also offers more control over trade size and allocation, particularly useful for those managing portfolios with defined limits.
Conclusion
Fractional shares provide a practical solution for accessing U.S. equities without committing to full-share purchases. With Tiger Brokers, users can trade fractional shares during regular market hours using market or limit orders. This function helps support a more structured and accessible trading experience.
