Engaging in fractional share or dollar-based trading poses some unique risks and limitations including:
Your ability to place trades is limited to Fidelity Mobile (Basic Trade Ticket), with limited order types, and is subject to system availability.
The actual amount of an executed order to buy or sell a dollar value of a security may also be higher or lower than the amount requested.
After you’ve placed your first fractional shares or dollar-based trade, any fractional shares in your account acquired prior to that point in time will no longer be automatically liquidated when you sell.
You will not be able to participate in proxy voting or participate in most voluntary corporate actions for the fractional share portion of a position.
You may not transfer or receive certificates for fractional share positions outside of Fidelity. Fractional share positions will need to be liquidated prior to transferring out.
Review the Fidelity Account Customer Agreement for further details.