Instead of buying a whole share of stock, you can buy a fractional share, which is a "slice" of stock that represents a partial share, for as little as $5. Robinhood offers investors access to Stock Trading, Fractional Shares and Options Trading. But I currently have drip on my Robinhood so I’ve got fractional shares. Stocks trading over $1 per share and with a market capitalization greater than $25 million are eligible for the program and ETFs are available for fractional shares, too. Option contracts at both of the brokerages are the same at $0.65 each. In many cases, you can invest in fractional shares that will pay you upward of 4% in dividends — much more than you can earn in a bank account. Your fractional shares receive the same execution price as your whole shares. Robinhood offers a more diverse selection of investment options than J.P. Morgan Self-Directed. Looking at Mutual Funds, J.P. Morgan Self-Directed boasts an offering of 3500 mutual funds compared to Robinhood's 0 available funds. After you place your first order in fractions or dollars, any sell order will need to include the whole and fractional share amounts that you want to trade, as fractional shares will no longer automatically liquidate. Looking at options, the base fees charged are the same for both brokers, $0. Chase is offering bonuses for funding a You Invest account with new money. J.P. Morgan Self-Directed and Merrill Edge have equal fees for trading stocks (equities), $0 per trade. When you think about the advice that Cheriton gave Brin and Page, you can see the parallels to investing with fractional shares. Chase You Invest is the latest competitor to throw their app into the game.. Just a few months ago, perennial low cost leader Fidelity announced not one but two zero fee mutual funds while lowering “nuisance” fees such as closing fees. The path to long term value requires a commitment to a vision for turning cash into sustainable value. New money is defined as funds not transferred to You Invest from other Chase accounts or Chase affiliate accounts. The downside, though, is you can’t currently invest in individual stocks, so your fractional shares will be in an ETF. If you chase big returns by investing in the latest hot stock, you're likely to overpay. You will continue to have your dividends reinvested. The share price of the stock could drop so much that it offsets the dividend gains. This is still a great way to diversify and invest small amounts over time. For example, if a company's stock is selling at $1,000 a share and you were buying $200 worth of it, you would own 0.2 (20%) of a share. Just be aware that there’s always risk in the market. With shares in the most sought-after stocks routinely trading over $100 apiece — and sometimes far higher — fractional investing is no small thing. Here are the tiers for the bonus: Get $200 for accounts funded with $25,000–$99,999; Get $350 for accounts funded with $100,000–$249,000 Does You Invest allow fractional shares if transferring brokerages I want move from Robinhood I would like to go to chase since I bank with them. J.P. Morgan Chase Fees Schedule and Brokerage Trading Commissions (2021) J.P. Morgan Self-Directed Investing (aka You Invest Trade) account fees schedule, commissions, broker stock trading cost, margin rates, annual and inactivity charges, online investing account pricing, and cash sweep rates. This come after Robinhood and M1 Finance both offer commission free investing. If the opportunity to invest in fractional shares is high on your list of must-haves in an online broker or investing app, you’re in luck — plenty of reputable platforms have this capability. The race for your investment dollars is on. 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