How to Buy Fractional Shares on Webull?

Investing in the stock market seems to be difficult for all the beginners around. People who are already in this market are quite aware of where to start. But sometimes they also face difficulties. But don’t worry because here we are specifically focused on those people who are looking forward to starting their investment with fractional shares.

There is a possibility that you might be looking forward to buying fractional shares on Webull, and that’s why you have ended up landing here. Keep on reading to know about how to do it easily!

What are fractional shares?

First of all, understand fractional shares a bit. Fractional shares allow individuals to have access to a portion of a single stock instead of buying the entire stock. In simple words, people will be able to invest in big companies like Amazon or Tesla without having thought that the share price would make a hole in their pocket.

Also Read: Can You Trade Forex on Webull

Reasons to buy fractional shares on Webull:

The common reasons indicating the need to buy fractional shares on Webull include:

• A person can start investing with any amount, and there will be no compulsion over it. People can also start from $5.
• Investing in a range of companies without exceeding your budget will become feasible with Webull.
• Based on the fractional ownership, individuals will receive a proportionate share of dividends.

Steps to follow to buy fractional shares on Webull:

Here are the steps that are necessary to follow to buy fractional shares on Webull:

Step 1: Open a Webull account:

Opening an account is a straightforward process. Users can open it with the help of their phone number and verification code, or they can also sign up with their Facebook or Google profile. It might ask for some other details, including uploading a photograph or any identity proof. Do that, and you will reach a page where there is a need to mention all the basic personal information. Be precise with all the information because inaccurate information can lead to problems later on.

After filling out all the details, complete the verification of your account through the email that you will receive at the registered email address.

Also Read: Can You Trade Futures on Webull

Step 2: Login into your Webull account:

After verification of your email ID, login into your account with the generated credentials. After logging in, search for a stock or exchange-traded fund (ETF) that you like to buy fractional shares of. If a fractional share option is available on that particular stock, the option will be available; otherwise, you need to search for some other options.

Step 3: Click the Trade tab:

When you are sure that this is the particular fractional share you want to purchase, click on the trade button at the bottom of your screen. From there, switch the order type to market, and you can only trade for them during market hours.

Step 4: Change setting from share to dollars:

To buy the fractional share there is a need for you to change the setting from share to dollar. Enter the dollar amount you are looking forward to investing and review all the information before placing an order.

Step 5: Submit your order:

After verifying all the information, you will be able to buy the share. Make sure to carefully review your order before you click on the buy button because there will be no option to modify the order after placing it once.

Conclusion:

Buying fractional shares on Webull is comparatively simple. Just follow the steps we have mentioned above and get the advantages. Review everything in detail so that there will be no problem. If there is any problem arising you can simply check on to the help section and get answers for it!