Are there any limitations or restrictions on trading fractional shares of cryptocurrencies in M1 Finance?

5 answers

• Ganesh RathodAug 24, 2024 · a year ago
  Trading fractional shares of cryptocurrencies in M1 Finance is subject to certain limitations and restrictions. While M1 Finance allows users to trade fractional shares of stocks and ETFs, it currently does not support fractional trading for cryptocurrencies. This means that you can only trade whole units of cryptocurrencies on the platform. However, you can still invest in cryptocurrencies by purchasing whole units of the desired cryptocurrency.
  450

  225
• AKSHAY M KMay 18, 2021 · 4 years ago
  Unfortunately, M1 Finance does not offer the option to trade fractional shares of cryptocurrencies at the moment. This means that you can only buy and sell whole units of cryptocurrencies on the platform. If you want to invest a specific amount in a cryptocurrency, you will need to calculate the number of whole units that correspond to that amount based on the current market price.
  384

  128
• inam khanApr 18, 2022 · 3 years ago
  As of now, M1 Finance does not support fractional trading for cryptocurrencies. However, there are other platforms, such as BYDFi, that do offer the option to trade fractional shares of cryptocurrencies. BYDFi allows users to invest in cryptocurrencies with as little as $1, making it more accessible for investors with limited capital. If you're interested in trading fractional shares of cryptocurrencies, you may consider exploring other platforms like BYDFi.
  462

  116
• Moreno GlerupAug 19, 2022 · 3 years ago
  Trading fractional shares of cryptocurrencies in M1 Finance is not currently available. However, this limitation does not restrict your ability to invest in cryptocurrencies. You can still buy and sell whole units of cryptocurrencies on the platform. If you're looking to invest a specific amount in a cryptocurrency, you can calculate the number of whole units you need based on the current market price.
  405

  81
• Thiago Aires de RezendeJun 24, 2024 · a year ago
  At the moment, M1 Finance does not support fractional trading for cryptocurrencies. This means that you can only trade whole units of cryptocurrencies on the platform. While this may limit your ability to invest small amounts in cryptocurrencies, it still provides an opportunity to invest in the crypto market. If you're interested in trading fractional shares of cryptocurrencies, you may need to explore other platforms that offer this feature.
  447

  75