Buying parts of stocks - commonly known as fractional shares - is a way to invest in popular stocks without being dependent on matching the share price. The purchase is based on a dollar amount, so investors can buy in quantities of $5 to own a portion of the stock, vs. buying shares they may feel are too expensive.

Sometimes, a brokerage will charge every time an investor buys or sells a stock. Whether they were buying a quarter of one share or 500 shares of a stock, these fees can still be charged. Luckily, SoFi allows for the purchase of fractional shares at no additional cost to the investor.

Using an online brokerage offering like SoFi fractional shares can be a simple way to get started choosing your own stocks for dollar based investing. In fact, you can start investing with as little as $5.

With SoFi, buying and selling fractional shares are treated the same as traditional stock trading, without added barriers just for owning a portion of a stock.

Fractional share trading is regulated by the same standards as day trading stocks. Investors should maintain a $25,000 minimum balance to execute more than four day trades in a five-business-day window or they can be marked as a pattern day trader.

Within your stock holding, simply choose the sell button at the bottom and choose the amount of trade you want to execute. You can sell any amount you’d like, but the smallest denomination we support is up to 5 decimal places.