Can I buy fractional shares at MultiBank as of December 2024?
No, fractional shares are not available at MultiBank.
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MultiBank is an international CFD and forex broker, regulated by several financial authorities such as the top-tier ASIC of Australia.
74-89% of retail CFD accounts lose money
About diversification and fractional shares
You have probably heard the advice that it's a good idea to diversify your stock investments if you want to lower risk. Sounds easy, until you actually go on a trading platform and see the price stickers. How are you supposed to load up on a dozen different stocks when they each cost $200-300 but you have only $100 to invest?
Here's where fractional shares come in. Brokers where you can trade fractional shares allow you to buy just a tiny fraction of an otherwise expensive stock - sometimes as small as $1. So for your $100, you can in fact buy dozens of shares. The price of these fractional shares moves up or down just as that of the 'full' share.
Remember that fractional shares are a great way to diversify your stock portfolio, but they're only a possible first step to a fully diversified portfolio. For that, you'll need to also look at other asset types, such as bonds, commodities or ETFs. Keep in mind also that not all stockbrokers offer fractional shares yet.
To learn more, read our comprehensive guide to portfolio diversification, including pros, cons and the most popular strategies.
Is it worth buying fractional shares at MultiBank?
Fractional shares are not available at MultiBank
💰 MultiBank withdrawal fee | $0 |
💰 MultiBank minimum deposit | $50 |
💰 MultiBank inactivity fee | Yes |
📃 MultiBank deposit methods | Bank transfer, Credit/debit cards, Neteller, Skrill, Sepa, Swift, pagsmile, my Fatoorah, Plus wallets, Thai QR payment, PayTrust, Pay Retailers, korapay, PaymentAsia, Boletol, pix, SPE, Praxis, GCash, dragonpay, Gobe pay |
🗺️ Country of regulation | Australia, UAE, British Virgin Islands, Germany, Singapore, China, Vanuatu, Cyprus, Mauritius, Seychelles |
🎮 MultiBank demo account | Yes |
Data updated on December 12, 2024
To learn more, read our comprehensive guide to portfolio diversification, including pros, cons and the most popular strategies.
FAQ
Are fractional shares a good investment?
Individual shares are considered to be risky investments. However with a diversified portfolio you can reduce your risk. With fractional shares it is easier to build a diversified portfolio.
Are fractional shares good for beginners?
Fractional shares are great for beginners, since you can invest only a fraction of the money you would have to invest in a full share.
How does diversification protect investors?
The more assets you have in your portfolio, the less you will be affected overall by a drop in the price of a single asset. It is also a good idea to select assets from different sectors or industries; so that if there is a crisis in sector 'A' that would negatively impact all stocks in that industry, stocks in sector 'B' will still be unaffected.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
Further reading
- Diversifying your investments
- Stock trading at MultiBank: an expert guide and rating
- MultiBank penny stocks trading conditions explained
- ETF trading conditions at MultiBank explained
- Are margin interest rates low at MultiBank?
- MultiBank cash interest rate
- MultiBank Mexican stocks trading availability
- MultiBank Australian stocks trading availability
- MultiBank Canadian stocks trading availability
- MultiBank Japanese stocks trading availability
- MultiBank French stocks trading availability
- MultiBank Italian stocks trading availability
- MultiBank Swiss stocks trading availability
- MultiBank Hong Kong stocks trading availability
- MultiBank Dutch stocks trading availability
- MultiBank Spanish stocks trading availability
- MultiBank Singapore stocks trading availability
- MultiBank Swedish stocks trading availability
- MultiBank Norwegian stocks trading availability
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.