What Are Fractional Shares, and How Do They Work for US Stocks on Pluang?

Fractional shares let you buy a portion of a US stock instead of a whole share, starting from as little as $1 on Pluang. Rather than needing enough money to buy at least one full share — which can cost hundreds or even thousands of dollars for some companies — you specify a dollar amount you want to invest, and Pluang credits your account with the corresponding fraction of a share, calculated at the execution price. Fractional purchases are only available with DAY order validity, meaning the order expires at the end of the trading session if it isn't filled — they can't be placed as GTC (Good-Till-Cancelled) orders, which require a whole-share order instead. This makes it possible to build a diversified US Stock portfolio with a small amount of capital, without being priced out of expensive stocks just because you can't afford a full share.

• Minimum amounts by order type: A fractional Market Order buy starts from $1.00; a fractional Limit, Stop, or Stop-Limit Order buy starts from $1.50. The minimum sell amount is $0.40 regardless of order type.
• DAY validity only: Fractional orders can only use DAY (Good-Till-Market-Close) validity — if the order doesn't execute by the end of that trading session, it expires. GTC (Good-Till-Cancelled) orders, which stay open for up to 30 calendar days, are not available for fractional purchases.
• How the fraction is calculated: You enter a dollar amount instead of a number of shares. Pluang divides that amount by the execution price to determine how many units (including fractional units) you receive — for example, investing $10 in a stock trading at $500 gets you 0.02 shares.
• Same economic rights as whole shares: A fractional share carries the same proportional economic rights as a whole share — price appreciation and dividend eligibility apply based on the fraction you hold, the same as with any other US Stock position on Pluang.
• Selling a fractional position: You can sell part or all of a fractional position, subject to the same $0.40 minimum sell amount that applies to whole-share sales.

Related questions:

Q: What's the minimum amount I need to buy a fractional share on Pluang?
It depends on the order type — a fractional Market Order buy starts from $1.00, while a fractional Limit, Stop, or Stop-Limit Order buy starts from $1.50. The minimum sell amount across all order types is $0.40, so you'll need at least that much value in your fractional position before you can sell it. These minimums are the same ones that apply to whole-share orders, so fractional trading doesn't carry any extra cost threshold of its own.

Q: Can I place a GTC (Good-Till-Cancelled) order for a fractional share purchase?
No — fractional purchases are restricted to DAY validity only, which means the order expires at the end of that trading session if it doesn't execute. If you want an order that stays open for up to 30 calendar days, you'll need to place a whole-share order instead of a fractional one. Keep this in mind if you're placing an order close to market close, since a DAY order won't carry over into the next session.

Q: Do fractional shares earn dividends the same way whole shares do?
Yes — dividend eligibility applies proportionally to whatever fraction of a share you hold, the same underlying economic right that applies to any US Stock position on Pluang. Owning 0.1 of a share means you receive dividends calculated on that 0.1 share, not the full per-share amount. The same proportional logic applies to other corporate actions, like stock splits, that affect the number of units you hold.

Q: How does Pluang calculate exactly how many units I get when I buy a fractional amount?
Pluang divides the dollar amount you enter by the stock's execution price at the time your order fills, and credits your account with the resulting number of units — including any fractional units below a full share. The exact unit count therefore depends on the price at execution, not the price shown when you placed the order. This is the same execution-price principle that applies to whole-share Market Orders, just scaled down to a fraction of a unit.