What is fractional shares?
Hong Kong stocks are generally traded in one lot while US stocks are traded in one share. As long as Hong Kong stocks are not traded in one lot and US stocks are not traded in one share, they are regarded as fractional shares trading. Some companies will provide the option of shares instead of distributing dividends, and fractional shares will be created.
How to trade fractional shares?
Login KGI Asia Power Trader > click “Trading” or “Trade” in menu bar
After switching to “US Market” and input “stock code”, client is allowed to choose “Fractional Trade – Amount (FTA)” OR “Fractional Trade – Qty (FTQ)” in Type
If “Fractional Trade – Amount (FTA)” is chosen, client just needs to input “Price” and “Amount” and system will automatically calculate the quantity of stock for reference, after that click “Buy/Sell” to confirm the order
If “Fractional Trade – Qty (FTQ)”is chosen, client just needs to input “Price” and “Qty” and system will automatically calculate the amount for reference, after that click “Buy/Sell” to confirm the order
|Order Type||Action||Timezone (HKT)|
|Pre-Market Session||Regular Trading Hours||Post-Market Session|
|Summer Time: 18:00 - 21:30||Summer Time: 21:30 - 04:00||Summer Time: 04:00 - 06:20||Summer Time: 07:00 - 18:00|
|Winter Time:> 19:00 - 22:30||Winter Time: 22:30 - 05:00||Winter Time: 05:00 - 06:20||Winter Time: 08:00 - 19:00|
|Limit Order for Fractional Trades||New|
Orders received will be processed immediately.
Orders received will be processed in the next Regular Trading Hours.
If you place an order using “Fractional Trade-Amount”, a minimum amount of US $10 must be entered.
If you place an order using “Fractional Trade-QTY”, a minimum quantity of 0.00001 share must be entered and its order amount should be more than US $10.
Please note that standard commission rate will be applied to orders with quantity more than 1 whole share (e.g. 1.00005 shares).
For “Terms and Conditions of Service – U.S. Fractional Share trading and entitlements”, please visit our website at (Home > Support > Forms Download > Agreement, Terms and Condition).
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