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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.
Custody
We hold shares on custodian, both fractional and whole, in full compliance with the requirement of the MiFID II.
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.
Voting rights
Clients will have voting right only on the whole shares held in their account, not on fractional shares. For example, if the client has bought 1,000.5 shares, the voting right will only be provided on 1,000 shares.
Transfer of shares
In case the client claims for transfer of stocks held on account, only whole shares will be transferred. Fractional shareholdings will need to be liquidated before the transfer.
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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