SPT mode was designed for long-term investment strategies allowing users to make transactions with an extended number of stocks. With the Fractional Units feature, the SPT mode becomes even more adjustable to traders’ needs as it allows buying and selling SPT units down to 0.01.
With the Fractional Units feature, traders no longer have to worry about the funds required to purchase SPT units of high-value stocks. Setting the desired SPT unit value down to 0.01 now makes every transaction as customized to the trader’s strategy and interest as possible. Therefore, it provides more financial flexibility, stability, and safety to the user’s portfolio.
In essence, the Fractional Units feature makes using Stock Price Trades mode more effective and simple. It allows investing in price changes of high-value stocks that would usually require big funds to purchase. They are now made accessible through the possibility of setting the transaction value of the SPT units as low as 0.01.
That means traders can now start investing with literally $1.
How Does It Work?
- In SPT mode, choose the desired stock.
- On the Buy screen, you will see the default number of units set to 1. If you have enough funds for it or all-in.
- Pressing the + or – will adjust the specific amount of SPT units you want to purchase.
Later, this feature will include the possibility to enter the desired amount you want to spend on the chosen stock. This feature is available to all users with any status, and the minimum purchase amount is equal to the value of 0.01 units or $1 if this value is less.
How Can You Benefit From It?
There are many reasons for you to prefer the favorable conditions and the instrument choice of Stock Price Trades mode. Also, there may be many reasons why you wouldn’t necessarily have the required funds to purchase an SPT unit of an expensive stock such as Amazon at all times. Now, you can do that with the Fractional Units feature.
This feature allows you to access all the stocks you want in a manner that is financially most comfortable for you and that is customized to your trading strategy. As such, it adds stability and adaptability to your portfolio and helps make your trades more secure and enjoyable.
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