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Fractional Shares: Big Stocks. Small Slices.
Trade US stocks fractionally at a flat fee of USD0.38 per order.
What Does Fractional Shares Mean?
Fractional stocks, or fractional shares, represent a portion of a full share of a company’s stock. Instead of buying a whole share of a company like Apple, Tesla, or Amazon, which can cost hundreds or thousands of dollars, investors can purchase a fraction of a share for a lower amount that fits their budget.
For example, if a single share of Company XYZ trades at $1,000, and you invest $100, you’d own 0.1 shares – your proportionate piece of that stock. With Phillip Nova, you can purchase a fractional stock with a budget from as low as $1!
Benefits of Trading US Stocks Fractionally
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1. Lower Barrier to Entry
It’s an excellent way for beginners or younger investors to enter the market, build confidence, and diversify their portfolio without needing a large upfront investment. -
2. Diversification with Limited Funds
An investor could buy fractional shares of five US companies in different sectors instead of being limited to one or two full sized Tech stocks with a capital of $500.
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3. Dollar-Cost Averaging (DCA)
Fractional shares work seamlessly with DCA strategies, where investors invest a fixed amount regularly, regardless of the stock price (e.g., $100 every month). -
4. Access to High-Priced Stocks
Fractional shares give direct access to premium stocks at a price point that works for everyone. This includes easier access to tech giants like Meta, Apple, Amazon, Netflix and Google!
Commission Rate & Exchange Fees
| EXCHANGE | COMMISSION (ONLINE TRADES) | COMMISSION (CALL-IN TRADES) |
| United States (NYSE, AMEX, NASDAQ) | Fractional Share New Flat fee of USD0.38 per order |
0.18% (minimum of USD18 per order) |
| Standard Share 0.01% (minimum of USD3.88 per order) |
| Exchange | Type | Charges | Charged By |
| United States (NYSE, AMEX, NASDAQ) | SEC Membership Fee (Sell only) | 0.0% of trade value (effective 13 May 2025) | SEC (U.S. Securities and Exchange Commission) |
| Trading Activity Fee (Sell only) | USD0.000166 per share, max USD8.30 | FINRA (Financial Industry Regulatory Authority) | |
| ADR (American Depositary Receipt) Fee | USD0.01 – 0.05 per share | DTCC (U.S. Depository Trust & Clearing Corporation) |
Note: ADR fees are charged by the DTCC. These are service fees charged periodically to compensate the agent bank for the provision of custodial services. More details on any such fees should be available on the ADR prospectus.
| EXCH. | COMM. (ONLINE) | COMM. (CALL-IN) |
| US (NYSE, AMEX, NASDAQ) | Fractional Share New Flat fee of USD0.38 per order |
0.18% (min. of USD18 per order) |
| Standard Share 0.01% (min. of USD3.88 per order) |
| Exch. | Type | Charges |
| US (NYSE, AMEX, NSDQ) | SEC Mbrsp Fee (Sell only) by SEC (U.S. Securities and Exchange Commission) | 0.0% of trade value (eff. 13 May 2025) |
| Trading Activity Fee (Sell only) by FINRA (Financial Industry Regulatory Authority) | USD 0.000166 per share, max USD 8.30 | |
| ADR Fee by DTCC (U.S. Depository Trust & Clearing Corporation) | USD 0.01 – 0.05 per share |
Trade With Our Multi Asset Trading Platform
The Phillip Nova 2.0 Suite
Capture opportunities from over 11,000 Stocks, ETFs, CFDs, Forex, Futures, Options and Precious Metals with Phillip Nova 2.0.
Enjoy charting powered by TradingView, trade effectively with an inbuilt market depth tool and experience our tight forex spreads. Focus only on trading with zero custodian and platform fees too.
Charting powered by TradingView
- Gain access to over 100 technical indicators
Tight Spreads
- Choose from 31 Forex pairs with spreads from as low as 0.8 pips
Set Price Alerts
- Never miss a trading opportunity
True multi-asset trading of over 11,000 global products
- Trade Stocks, ETFs, CFDs, Forex, Futures, Options and Precious Metals
Market Depth
- View liquidity and trades for a particular price in the market easily
Comes with light & dark modes
- Gain better focus with your preferred mode
About Us
Phillip Nova (formerly known as Phillip Futures) was inaugurated in 1983 as a member of PhillipCapital Group and is one of the founding clearing members of Singapore Exchange Derivatives Trading (SGX-DT). We have since grown to become one of the region’s top brokerages for the trading of Stocks, CFD, Forex, global Futures and Commodities. The Group has clearing memberships in 21 global exchanges, including APEX, BMD, CME Group exchanges, DGCX, HKEX, ICDX, ICE Singapore, JPX Group exchanges, NSE, TFEX, TOCOM and SGX.
