Does Wealthsimple support fractional shares?

Asked 3 years ago

Does Wealthsimple have fractional share rights (FSRs)? What happens to split shares if the trading platform doesn't support stock splitting or dilution? Has anyone experienced any issues with this?

Fractional shares Stock split Stock dilution Wealthsimple

Osasere Okunloye

Wednesday, September 01, 2021

No, Wealthsimple does not support fractional shares. Although an account can be funded with as low as $1, you have to have enough money to buy at least one share. Split shares are not rounded up, any split share is accumulated as cash to your trade account.

Andrew Moran

Thursday, September 02, 2021

Yes, Wealthsimple does support fractional share investing now. The company announced the feature in July.
Also, you can always purchase an investment whereby there was stock dilution or stock splitting. The act does not impact how you trade on any platform
It should be noted that your  options are limited to only a select few (four Canadian stocks and ten American securities):
Airbnb
Amazon (AMZN)
Apple (AAPL)
Canadian National Railway (CNR)
Coinbase (COIN)
Facebook (FB)
Google (GOOGL)
Microsoft (MSFT)
Netflix (NFLX)
Nvidia (NVDA)
Royal Bank of Canada (RBC)
Shopify (SHOP)
Tesla (TSLA)
Toronto Dominion Bank (TD)
The list of Wealthsimple trade partial shares will only grow over time.