What is fractional shares?
Hong Kong stocks are generally traded in one lot while US stocks are traded in one share. As long as Hong Kong stocks are not traded in one lot and US stocks are not traded in one share, they are regarded as fractional shares trading. Some companies will provide the option of shares instead of distributing dividends, and fractional shares will be created.
How to trade fractional shares?
After switching to “US Market” and input “stock code”, client is allowed to choose “Fractional Trade – Amount (FTA)” OR “Fractional Trade – Qty (FTQ)” in Type
If “Fractional Trade – Amount (FTA)” is chosen, client just needs to input “Price” and “Amount” and system will automatically calculate the quantity of stock for reference, after that click “Buy/Sell” to confirm the order
If “Fractional Trade – Qty (FTQ)”is chosen, client just needs to input “Price” and “Qty” and system will automatically calculate the amount for reference, after that click “Buy/Sell” to confirm the order
| Order Type | Action | Timezone (HKT) | |||
|---|---|---|---|---|---|
| Pre-Market Session | Regular Trading Hours | Post-Market Session | |||
| Summer Time: 18:00 - 21:30 | Summer Time: 21:30 - 04:00 | Summer Time: 04:00 - 06:20 | Summer Time: 07:00 - 18:00 | ||
| Winter Time:> 19:00 - 22:30 | Winter Time: 22:30 - 05:00 | Winter Time: 05:00 - 06:20 | Winter Time: 08:00 - 19:00 | ||
| Limit Order for Fractional Trades | New |  |
 |
 |
|
| Amend | |
|
|
|
|
| Cancel | |
|
|
|
|
Remarks:
Orders received will be processed immediately.Orders received will be processed in the next Regular Trading Hours.Orders rejected.
If you place an order using “Fractional Trade-Amount”, a minimum amount of US $10 must be entered.
If you place an order using “Fractional Trade-QTY”, a minimum quantity of 0.00001 share must be entered and its order amount should be more than US $10.
Please note that standard commission rate will be applied to orders with quantity more than 1 whole share (e.g. 1.00005 shares).
For “Terms and Conditions of Service – U.S. Fractional Share trading and entitlements”, please visit our website at (Home > Support > Forms Download > Agreement, Terms and Condition).
All the information provided on this website is not intended for distribution to or use by persons or entities located in or residing in jurisdictions which restrict the distribution or publication of such information by KGI Asia Limited (“KGIA”) or any affiliates of KGIA. Such information shall not constitute any investment advice, or offer, invitation, solicitation or recommendation to sell, subscribe for or invest in any securities or other investment products or services nor a distribution of information for any such purpose in any jurisdiction. In particular, such information is not for distribution and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States of America, or to or for the benefit of any United States persons (being residents of the United States of America or partnerships or corporations organised under the laws of the United States of America or any state, territory or possession thereof). All the information provided on this website is for general information and reference purpose only without taking into account of any particular investor’s objectives, financial situation or needs and may not be redistributed, reproduced or published (in whole or in part) by any means or for any purpose without the prior written consent of KGIA. Such information is not intended to provide any legal, financial, tax or other professional advice and should not be relied upon in that regard.
All investments involve risks. The prices of securities fluctuate, sometimes dramatically. The price of a security may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities.
Prices of fund units and other investment products may go up as well as down and past performance information presented is not indicative of future performance. Investors should read the relevant product offering documents (including the full text of the risk factors stated therein in detail before making any investment decision.
You are advised to exercise caution and undertake your own independent review, and you should seek independent professional advice before making any investment decision. You should carefully consider whether investment is suitable in light of your own risk tolerance, financial situation, investment experience, investment objectives, investment horizon and investment knowledge.
No representation or warranty is given, whether express or implied, on the accuracy, adequacy or completeness of information provided on this website. In all cases, anyone proposing to rely on or use the information provided on this website herein should independently verify and check the accuracy, completeness, reliability and suitability of the information. Simulations, past and projected performance may not necessarily be indicative of future results. Information including the figures stated herein may not necessarily have been independently verified, and such information should not be relied upon in making investment decisions. None of KGIA, its affiliates or their respective third-party information providers, directors, officers, employees and representatives will be liable for any loss or damage of any kind (whether direct, indirect or consequential losses or other economic loss of any kind) suffered or incurred by any person or entity due to any omission, error, inaccuracy, incompleteness or otherwise, or any reliance on such information. Furthermore, none of KGIA, its affiliates or their respective directors, officers, employees and representatives shall be liable for the content of information provided by or quoted from third parties.
Members of the KGI group and their affiliates may provide services to any companies and affiliates of such companies mentioned on this website. Members of the KGI group, their affiliates and their directors, officers, employees and representatives may from time to time have a position in any securities mentioned on this website.
The information provided on this website has not been reviewed by the Securities and Futures Commission (“SFC”). The SFC takes no responsibility for the information provided on this website nor the soundness of any authorized funds or other investment products and does not imply that investment in them is recommended by the SFC.
If there is any inconsistency between the English and Chinese versions of the above Disclaimer, the English version shall prevail.