Fractional shares

Fractional shares are pieces, or fractions, of whole shares of a company or ETF. Since Robinhood Financial offers Fractional Shares, you can trade stocks and ETFs in pieces of shares, in addition to trading in whole share increments.

Fractional shares on Robinhood can be as small as 1/1000000 of a share, and trading fractional shares is real-time and commission-free.


Other fees may apply. For more information, visit Trading in real time means orders for fractional shares placed during market hours are executed at that time.

Copy link to clipboard

Why do you offer fractional shares?

Our mission is to democratize finance for all, and our Fractional Shares feature provides unique investing opportunities to people who might not otherwise be able to participate in the stock market.

With fractional shares, you can invest in certain stocks and ETFs that cost hundreds or thousands of dollars for a single share with as little as $1. This gives you the flexibility to invest as much as you want in the companies or ETFs you believe in, or get your toes wet without committing to an entire share.

Fractional shares can also help investors manage risk more conveniently. Since you’re not locked into purchasing full shares, you can diversify your portfolio with smaller amounts of money.

Copy link to clipboard

How do you trade fractional shares?

You can place fractional share orders in dollar amounts or share amounts. All purchases will be rounded to the nearest penny.

Trade in Dollars

If you place an order to Buy in Dollars or Sell in Dollars, you’ll choose the amount of money to buy or sell a stock for. Robinhood will convert this cash amount to the equivalent number of shares, then buy or sell the stock at the best available price, given the prevailing market conditions

In the app:

  1. Go to an individual stock detail page
  2. Tap Trade
  3. Tap Buy or Sell
  4. Tap the green word in the top right corner (this might say Shares)
  5. Tap Buy in Dollars

Then, enter the dollar amount you’d like to trade.

Keep in mind, if you’re buying or selling fractional shares, you must enter an amount of at least $1.00. However, you’ll have the option to Sell All if you have less than $1.00 of any fractional share.


MEOW currently costs $100 per share. You place an order to Buy in Dollars for $10 of MEOW during regular trading hours. Robinhood converts $10 to 0.1 shares based on the current market price, then places an order to immediately purchase 0.1 shares at the current market price.

Trade in Shares

If you place an order to Buy in Shares or Sell in Shares, you’ll choose the amount of shares to buy or sell. You can buy or sell as little as 0.000001 shares.

In the app:

  1. Go to an individual stock detail page
  2. Tap Trade
  3. Tap Buy or Sell
  4. Tap the green word in the top right corner (this might say Dollars)
  5. Tap Buy in Shares

Please note that orders above $0.01 will be rounded to the nearest penny, and fractional share orders under $0.01 will be rounded up to $0.01.


You place an order to Buy in Shares for 0.01 of MEOW during regular trading hours. Your order will be executed as soon as possible, and you’ll purchase 0.01 shares at the current market price. If the price is $1,000 per share, you will pay $10.

Copy link to clipboard

How does Robinhood handle fractional shares?

Starting July 1, 2022, fractional shares orders that you submit are generally handled by Robinhood on a Not Held basis. For more details on what this means for your orders, please see Section 22 of the RHF-RHS Customer Agreement.

Not Held is an order handling designation that gives Robinhood time and price discretion to secure the best possible execution for you. This does not change the ownership of your shares, how your shares are held in your account, or the execution speed for fractional orders.

Robinhood continues to strive to execute all orders in a manner consistent with its best execution obligations and, in this case, is aligning with industry standard approach for handling fractional orders.

Keep in mind
  • Robinhood is aligning with industry standards for fractional orders.
  • This does not change anything about how your shares are held or your ownership of them.
  • Orders are executed for your account just as they were before.
Copy link to clipboard

Supported Stocks

Most stocks worth over $1.00 per share with a market capitalization over $25,000,000 are eligible for fractional share orders. If a stock isn't supported, we'll let you know when you're placing an order.

Copy link to clipboard

Canceling a pending fractional order

The process for canceling a pending fractional order is no different from the standard process for canceling a pending order. However, there are a few cases in which you won’t be able to cancel a pending fractional order.

You can’t cancel a pending fractional order:

During a trading halt: Trading on a particular security or in the market as a whole can be halted for a variety of reasons. If a particular security or the market overall is experiencing a trading halt, you’ll have the option to cancel pending fractional orders, but the cancel requests won’t be processed until the halt is lifted. These halts are not Robinhood’s decision and the timing of them is beyond our control.

If the order has been routed to a market center, but a trading halt goes into effect before the order executes: At that point you would not be able to cancel your fractional order. The order would then execute once the halt is lifted.

Between 9:20-9:30 AM ET: If you placed a fractional order outside of trading hours and you want to cancel it prior to market open, you must do this before 9:20 AM ET. You can’t cancel fractional orders between 9:20-9:30 AM ET because it is too close to market open.

Copy link to clipboard

Stock Splits

If a stock experiences a forward stock split, you’ll receive the relevant amount of fractional shares. For example, if you own 2.5 shares of MEOW valued at $10 per share, and MEOW experiences a 2 for 1 (2:1) forward stock split, you’ll now own 5 shares valued at $5 per share.

If a stock experiences a reverse stock split, you'll receive the cash equivalent of any fractional (non-whole) share amounts resulting from the split in lieu of shares. For example, if a stock split results in 2.1 shares worth $10 per share, you’ll receive 2 shares and $1 (the cash equivalent of 0.1 shares).

Copy link to clipboard

Shareholder Rights


We will aggregate and report votes on fractional shares.


Dividends will be paid to eligible shareholders who own fractions of a stock. Dividend payments will be split based on the fraction of the stock owned, then rounded to the nearest penny. Please note that fractional share dividends may be paid at the end of the trading day on the designated payment date.


You won’t be able to transfer fractional shares. If you initiate a full asset transfer out of Robinhood, your fractional shares will be sold and you’ll receive the resulting cash back. If you initiate a partial asset transfer, any fractional shares you own will remain in your Robinhood Securities account as fractional shares.

Copy link to clipboard


For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see our Customer Agreement related to fractional shares. Dividends are not guaranteed and must be authorized by the company’s board of directors.

All investments involve risks, including the loss of principal. Diversification does not ensure a profit or guarantee against loss. Investors should consider their investment objectives and risks carefully before investing.

Reference No. 2316962
Still have questions? Contact Robinhood Support