[namrata13]

great question! With Stockpile's fractional share platform you OWN the stock. you have all the voting rights, you get the dividend for the fraction of the share you own. So, this is a REAL stock, not a share of a share. This is not a crowdsourcing model, you get the ownership in the company stock with voting rights and dividends.

Re $5 apple stock, you are getting 0.03 apple stock ($5 worth of stock if the stock price is $160/share). You don't need to pay $0.99 for getting this free stock. The trading commission of $0.99 cents is only when you buy or sell more shares.

There are no account minimums or monthly fees.

Hope this answers your question!

[cscoville]

It's also worth noting that Stockpile and fractional shares aren't only for people who want less than one share of stock. The benefit of fractional shares allows you to buy stock in whatever dollar amount you're comfortable with. For example, if you want to buy $100 worth of SNAP stock, which is about $15 per share, then you'd get 6.6667 shares of stock. Your shares go up and down with the market fluctuations just like owning stock in whole share amounts.