Historically, the stock market has always been one of the greatest ways to grow your money. Not everybody can afford to purchase whole shares of popular stocks such as Amazon, Google, Tesla, among others. Fractional shares will, in this case, let you invest in a portion of a share of stock at a lower price. One of the most popular online brokerage platforms is Webull. We will guide you through the step-by-step process of how to buy fractional shares on Webull in this article.
Step 1: Open a Webull Account
The first step in buying fractional shares through Webull involves opening an account. It is quite easy to start off: enter your personal information and answer some questions regarding your investment experience. You will fill out the application then let Webull review and approve your account.
Step 2: Fund Your Account
You cannot buy a fraction of a stock if your Webull account has no balance in it. You do that by transferring money from your checking bank account or by check deposit. Webull provides several methods to fund your account: ACH, wire, and mobile check deposit.
Step 3: Search for the Stock You Want to Invest In
After funding your account, you can now start investing in fractional shares. First, find a stock under the very powerful search engine at Webull to find it either by name, ticker symbol, or by industry. There is a stock screener that filters the stocks, in essence according to different criteria, such as market capitalization, dividend yield, or the price-earnings ratio.
After viewing a stock in which you’re interested, you can tap the “Trade” button, which will open an order screen. Place orders to buy or sell shares at the market, limit, or stop-loss price. You can execute an order to buy fractional shares by selecting the “Fractional Shares” option.
Step 5: Enter the Amount You Want to Invest
After the fractional share option is on, an investor can simply type in a monetary value that they want to invest, and Webull will show how many shares one can buy at the current market price of the security.
Step 6: Review and Confirm Your Order
Before you execute the trade, ensure that details are correct: fractional number of shares, current market price, and the total cost of the transaction. Assuming everything looks good, hit the “Confirm” button to submit your order.
Step 7: Monitor Your Investment
Monitoring investment activity can be done as soon as the order is executed right on the Webull app or website. Through Webull, the investor is offered market data, charting, and news based on the fractional shares acquired and how they are performing.
Of course, one of the best ways to start with investing in the stock market on a shoestring budget is fractional-share investing. Webull makes it easy to buy fractional shares of popular stocks so that you can grow your portfolio, not your expenses. With this guide, you shall be well on your way to invest in fractional shares on Webull and building wealth today. Happy investing!
