Fractional share | Whole share | |
Dividends | Following a corporate event, dividends or interest are paid proportionally to the percentage represented by the proprietary right held by the client in the share. This means that the client investing in fractional shares has the same financial benefits as the owner of whole shares but on a proportionate basis. | Dividends or interest, following a corporate event, are paid per share. |
Corporate actions | Corporate actions (e.g. splits, rights issues) are treated same way either for whole or fractional shares. | |
Price | There is no difference in price or costs of buying a fractional or a whole share. | |
Client protection | We apply the same rules for the testing of clients' appropriateness, best execution, protection of assets, and handling complaints – treating all clients in the same way, regardless if they invest in fractional or whole shares. | |
Decimals | The amounts of fractional shares have a 0.01 discretion. | |
Risks | Fractional shares carry the same exposure to risks as whole shares, such as market and Issuer risks. |
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