This is a PSA of sorts. A few month ago I stumbled on Stockpile.com. A site where you can purchase fractional (doesn't have to be fractional) shares and gift cards. I was a little skeptical at first since it's very new but decided to research and quickly came around on it. I won't go into details on the gift card purchase as it's a bit complicated and expensive, but to simply purchase stock you only need $5 to meet the purchase minimum. They charge a .99 trading fee and nothing else if you've done a transfer from your checking into your Stockpile cash account.
I have Verizon and received a $10 credit through their rewards program that I could use on Stockpile. I figured that it was $10 "free" dollars so why not use it, created an account with Stockpile and 10 minutes later I ordered $10 worth of Tesla stock. It was really that easy! Since then I've placed a few $50 orders (Fiat, AMD, & Tesla) and I do thoroughly enjoy the UI and ease of use that it provides. This is not a substitute for a serious day trading platform. But if you're looking to buy and hold with low fees, this might be an option for you. Or if you're like me and just like having a little "fun" with a few extra dollars outside of their "real" retirement/savings accounts, this is a solid choice as well.
I have Verizon and received a $10 credit through their rewards program that I could use on Stockpile. I figured that it was $10 "free" dollars so why not use it, created an account with Stockpile and 10 minutes later I ordered $10 worth of Tesla stock. It was really that easy! Since then I've placed a few $50 orders (Fiat, AMD, & Tesla) and I do thoroughly enjoy the UI and ease of use that it provides. This is not a substitute for a serious day trading platform. But if you're looking to buy and hold with low fees, this might be an option for you. Or if you're like me and just like having a little "fun" with a few extra dollars outside of their "real" retirement/savings accounts, this is a solid choice as well.