What is Fractional Shares?

Example

XEQT.TO trades at about $28 per share. Without fractional shares, a $200 investment gives you 7 shares ($196) with $4 left uninvested.

With fractional shares at Wealthsimple, your full $200 is invested — you get 7.14 shares. Every dollar works for you.

In Canada, brokers offering fractional shares vary:

• Wealthsimple: fractional shares available on stocks and ETFs
• Questrade: fractional shares not available
• Disnat: fractional shares not available

Why It Matters

Fractional shares are especially useful for investors making regular periodic purchases (DCA) with fixed amounts. They eliminate the "uninvested remainder" problem and allow you to invest small amounts regularly without waste. They are also handy for accessing expensive U.S. stocks like Amazon or Google.