Can I buy fractional shares at Zacks Trade as of December 2024?
Yes, you can trade fractional shares at Zacks Trade.
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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 Zacks Trade?
Yes, Zacks Trade is a good place to buy fractional shares, because of their low costs.
💰 Zacks Trade stock trading fees class | Low |
💰 Zacks Trade fractional share trading conditions | $1 is the minimum |
📃 Zacks Trade available stock markets | 90 |
💰 Zacks Trade withdrawal fee | $0 |
💰 Zacks Trade minimum deposit | $250 |
💰 Zacks Trade inactivity fee | Yes |
📃 Zacks Trade deposit methods | Bank transfer |
🗺️ Country of regulation | USA |
🎮 Zacks Trade demo account | Yes |
Data updated on December 11, 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.
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Further reading
- Diversifying your investments
- Stock trading at Zacks Trade: an expert guide and rating
- Zacks Trade penny stocks trading conditions explained
- ETF trading conditions at Zacks Trade explained
- Are margin interest rates low at Zacks Trade?
- Zacks Trade cash interest rate
- Zacks Trade ESG investing
- Zacks Trade invest $100,000
- Zacks Trade IPO accessibility
- Zacks Trade Mexican stocks trading availability
- Zacks Trade US stock trading details
- Zacks Trade Australian stocks trading availability
- Zacks Trade Canadian stocks trading availability
- Zacks Trade Japanese stocks trading availability
- Zacks Trade French stocks trading availability
- Zacks Trade Italian stocks trading availability
- Zacks Trade Swiss stocks trading availability
- Zacks Trade Hong Kong stocks trading availability
- Zacks Trade Dutch stocks trading availability
- Zacks Trade Spanish stocks trading availability
- Zacks Trade Singapore stocks trading availability
- Zacks Trade Swedish stocks trading availability
- Zacks Trade 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.