TradeUp adds US fractional trading to help users build portfolios without costly expense ratios

Rick Steves

“”We care greatly about the success of every investor who utilizes our online trading services, so we decided to expand our offerings to include fractional shares, which will open up the world of investing to people of all experience levels and budgets.”

TradeUP Securities, Inc., has expanded its online trading platform to include a fractional shares offering covering all stocks on the S&P 500, accessible with as little as five dollars with commission-free trades.

The New Jersey-based brokerage firm founded in 1986 offers on-the-go stock trading and premier trading tools for active investors ever since launching the zero-commission stock trading platform TradeUp in 2019.

The addition of fractional trading capabilities widens the scope of its target demographics and makes it easier for retail investors to enter equity markets.

Mimic mutual funds without paying costly expense ratios

Instead of being forced to pay hundreds of dollars in order to buy some of the most popular stocks on the US equity markets, users can buy 0.01 share of a stock, making a diversified portfolio achievable for all investors, no matter the background.

Fractional shares empowers investors to precisely set the fund weight of the securities in their portfolio, which allows them to even mimic the weighted holdings of an institutional organization, such as a mutual fund, without having to pay potentially costly expense ratios.

This means that TradeUP users can now access popular stocks and diversify their portfolios at very low prices.

“We care greatly about the success of every investor who utilizes our online trading services, so we decided to expand our offerings to include fractional shares, which will open up the world of investing to people of all experience levels and budgets,” said a TradeUP spokesperson.

Fractional shareholders are entitled to dividends which – if distributed – are allocated based on the dollar value of their equity in the firm.

Registered with the SEC and member of FINRA and SIPC, TradeUp charges no commission on US stocks & ETFs nor US Equity and Index Options.

Read this next

Metaverse Gaming NFT

DCentral Miami brings together all of Web3, NFT, DeFi, Metaverse

The world’s biggest Web3 meeting entitled DCENTRAL Miami is set to take place November 28-29, featuring a lineup of some of the biggest and most influential names in the blockchain space.

Digital Assets

Crypto ban expands across UK banks as Starling joins ‎crackdown

UK digital bank Starling has banned ‎all customer payments related to cryptocurrencies, another blow for the crypto traders ‎who recently saw a sizable number of banks deciding not to ‎finance the wobbly asset class.‎

Interviews

Markets Direct at FIA EXPO 2022: Traders know what they want from brokers

The FIA Expo 2022, one of the most prestigious events within the global derivatives trading industry, took place in Chicago on 14 & 15 November.

Interviews

FIA Expo 2022: TNS addresses public cloud limitations with hybrid infrastructure

November is the month of the FIA Expo, one of the largest futures and options conferences in the world, bringing together regulators, exchanges, software vendors, and brokers in one place: the Sheraton Grand Chicago Riverwalk. 

Retail FX

Italy’s regulator blacks out Finance CapitalFX, MFCapitalFX

Italy’s Commissione Nazionale per le Società e la Borsa (CONSOB) has shut down new websites in an ongoing clampdown against firms it accuses of illegally promoting investment products in the country.

Retail FX

Suspected leader of Honk Kong ramp-and-dump scam appears in court

A leader of a sophisticated ramp-and-dump scheme made his first court appearance in a Hong Kong court today, charged with market manipulation and various criminal offences. The case stems from an earlier joint operation of Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), and the local police. 

Institutional FX

Cboe’s James Arrante discusses growing demand for fixed income, FX algo

We caught up with James Arrante, senior director of FX & US treasuries product and business management at Cboe Global Markets, to uncover emerging trends in the FX and fixed income markets and learn more about the bourse operator’s recent initiatives.

Retail FX

Eurotrader acquires UK broker Petra Asset Management

Eurotrader Group has formally entered into the UK market with the acquisition of FCA-regulated broker, previously named Petra Asset Management Ltd. The new entity operates under the brand name Eurotrade Capital Ltd.

Inside View, Retail FX

The Game of Chess Continues – OPEC, China and the Oil Market

Over the past decade, the US has been complaining about the amount of power which the BRIC group, and specifically China, has on the global economy. BRIC stands for Brazil, Russia, India and China; these were the world’s fastest growing economies. Only in the past 10 months, the US has turned their attention toward OPEC due to the prices of fuel. Nevertheless, China seems to have a strong influence even over the price of crude oil.

<