Robinhood review

Robinhood ranks third on experience: its help center describes a short Buy in Dollars flow and real-time execution for fractional orders placed during market hours. You can invest from $1, and most stocks priced over $1 per share with a market capitalization over $25,000,000 are eligible, limited to NMS securities on exchanges such as the Nasdaq and NYSE. Purchases are rounded to the nearest penny, dividends are split by the fraction you own, and votes on fractional shares are aggregated and reported. Robinhood is open about the limits. Fractional shares are illiquid outside Robinhood and cannot be transferred, so a full transfer out sells them for cash. You also cannot cancel a pending fractional order between 9:20 and 9:30 AM ET. It trails Fidelity and Schwab on support depth and account choice, and its fee page notes other fees may apply.

Who it is for

app-first investors placing small orders

Price

Fractional orders from $1; other fees may apply per Robinhood's fee schedule.

With fractional shares, you can invest in certain stocks and ETFs that cost hundreds or thousands of dollars with as little as $1.
Quoted from the vendor pricing page on November 13, 2026.

Key features

• Fractional orders from $1 in dollars or in shares
• Orders placed during market hours execute in real time
• Most stocks over $1 per share with market caps over $25,000,000 are eligible
• Purchases rounded to the nearest penny
• Fractional dividends paid and split by the fraction owned

Strengths and weaknesses

• Strength: Simple Buy in Dollars flow in the app
• Strength: Sell All option for positions worth under $1
• Strength: Votes on fractional shares are aggregated and reported
• Weakness: Fractional shares are not transferable and are sold on a full transfer out
• Weakness: OTC stocks are not supported for fractional orders
• Weakness: Pending orders cannot be canceled between 9:20 and 9:30 AM ET

Key facts

• Minimum order: $1
• Eligibility: Most stocks over $1 with market cap over $25M
• Order types: Dollars or shares
• Transfers: Fractions sold on full transfer out

Where it ranks

Robinhood is No. 3 in our Best Fractional Share Brokers verdict.