Buy on Questrade<\/a><\/td><\/tr>Amazon<\/td> AMZN<\/td> \n $250.56\n \n \n <\/use>\n <\/svg>\n The latest available market close price for Amazon-com in USD.<\/span>\n<\/button>\n<\/td> Market cap: \n \n\n\n \n \n $2.7 trillion (USD)\n \n<\/td> Buy on Questrade<\/a><\/td><\/tr>Apple<\/td> APPL<\/td> \n $270.23\n \n \n <\/use>\n <\/svg>\n The latest available market close price for Apple in USD.<\/span>\n<\/button>\n<\/td> Market cap: \n \n\n\n \n \n $3.9 trillion (USD)\n \n<\/td> Buy on Questrade<\/a><\/td><\/tr>Meta Platforms<\/td> META<\/td> \n $688.55\n \n \n <\/use>\n <\/svg>\n The latest available market close price for Meta Platforms in USD.<\/span>\n<\/button>\n<\/td> Market cap: \n \n\n\n \n \n $1.7 trillion (USD)\n \n<\/td> Buy on Questrade<\/a><\/td><\/tr>Microsoft<\/td> MSFT<\/td> \n $422.79\n \n \n <\/use>\n <\/svg>\n The latest available market close price for Microsoft Corporation in USD.<\/span>\n<\/button>\n<\/td> Market cap: \n \n\n\n \n \n $3.1 trillion (USD)\n \n<\/td> Buy on Questrade<\/a><\/td><\/tr>NVIDIA<\/td> NVDA<\/td> \n $201.68\n \n \n <\/use>\n <\/svg>\n The latest available market close price for NVIDIA Corporation in USD.<\/span>\n<\/button>\n<\/td> Market cap: \n \n\n\n \n \n $4.8 trillion (USD)\n \n<\/td> Buy on Questrade<\/a><\/td><\/tr>Tesla<\/td> TSLA<\/td> \n $400.62\n \n \n <\/use>\n <\/svg>\n The latest available market close price for Tesla in USD.<\/span>\n<\/button>\n<\/td> Market cap: \n \n\n\n \n \n $1.5 trillion (USD)\n \n<\/td> Buy on Questrade<\/a><\/td><\/tr>Vanguard S&P 500 ETF<\/td> VOO<\/td> \n $652.78\n \n \n <\/use>\n <\/svg>\n The latest available market close price for Vanguard S-and-P 500 ETF in USD.<\/span>\n<\/button>\n<\/td> YTD performance:\n \n \n \n 88.16%\n \n <\/td> Buy on Questrade<\/a><\/td><\/tr>State Street SPDR S&P 500 ETF<\/td> SPY<\/td> \n $701.66\n \n \n <\/use>\n <\/svg>\n The latest available market close price for SPDR S-and-P 500 ETF Trust in USD.<\/span>\n<\/button>\n<\/td> YTD performance:\n \n \n \n 88.15%\n \n <\/td> Buy on Questrade<\/a><\/td><\/tr><\/tbody><\/table>How much does it cost to buy fractional shares on Questrade?<\/h3> $0. That\u2019s right\u2014it won\u2019t cost you a cent in trading commissions to buy fractional shares on Questrade. This broker offers $0 commission trading on both full and fractional shares, so you don\u2019t need to worry about brokerage fees eating into your investment balance.<\/p>
Questrade also offers free USD accounts, so you can buy and sell fractional shares directly with USD and avoid currency conversion costs. However, if you need to convert CAD to USD or vice versa, a 1.5% currency conversion fee applies.<\/p>
Wealthsimple<\/a> is another brokerage that offers $0 commission trading of fractional shares as well as full shares. But while Wealthsimple also offers USD accounts, if you\u2019re a Core customer with less than $100,000 in assets, your USD account will come with a $10 monthly fee.<\/p>How to choose which fractional shares to buy on Questrade<\/h3> There are several simple steps you can take to help choose investments:<\/p>
Consider your goals and appetite for risk.<\/strong> What are your financial goals? Are you investing for the long-term or do you have a shorter time horizon? Do you want to invest in a single company, or would a broad market index ETF suit your needs better?<\/li>Do your research.<\/strong> Use Questrade\u2019s research and analysis tools to research any stock and ETF you\u2019re considering buying. Check financial statements, past performance, dividend yield and more.<\/li>Remember to diversify.<\/strong> Fractional shares make it easier to build a diversified portfolio. You can spread your money around across different companies and sectors, or use ETFs to gain exposure to a broad range of assets.<\/li>Make sure fractional shares are available.<\/strong> Remember that not all stocks and ETFs on Questrade are available for fractional share trading. Check whether fractional shares are available for any asset you want to buy.<\/li><\/ul>Pros and cons of buying fractional shares on Questrade<\/h3>\n
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Pros<\/h4>\n \n Low minimum investment.<\/strong> You can start investing in Questrade fractional shares with as little as $1, so you don\u2019t need to worry about covering the several-hundred-dollar stock prices of major companies.<\/li>\n $0 commissions.<\/strong> You don\u2019t pay any commissions when you trade fractional shares on Questrade.<\/li>\n Hundreds to choose from.<\/strong> Trade fractional shares of hundreds of popular US stocks and ETFs, including all S&P 500 companies. This means you can invest in major companies like Apple, Google and Amazon.<\/li>\n Easy to diversify.<\/strong> The low cost of fractional shares makes it simple to start building a diversified investment portfolio.<\/li>\n Dollar-cost averaging.<\/strong> The small investment required makes it easy to invest a little bit each month, so you can avoid the downsides of trying to time the market.<\/li>\n Dividend income.<\/strong> Fractional shareholders also receive dividends proportionally to their fractional shareholdings.<\/li>\n Dividend reinvestment.<\/strong> Questrade allows you to enroll fractional shares in its Dividend Reinvestment Plan (DRIP) so that they can be automatically reinvested in the stock or ETF. This means you can put your dividend income to work straight away, rather than waiting to accumulate enough to buy a full share before you can reinvest your money.<\/li>\n <\/ul>\n <\/div>\n \n