Whenever you place a trade, the default order type for equity investments is to buy in full share quantities.
You can always change your order type to a Market Order to buy in dollars, a Limit Order, or Stop Order. Please note limit orders or stop orders can be done only with whole share quantities.
Choosing your order type in the app:
From the order page, whether you are buying or selling, select the drop-down at the top left of the order page
From the drop-down you will see “Market order buy or sell in dollars”, “Market order buy full shares”, and “Conditional Orders”
Conditional Orders will include Extended hours, Limit order, and Stop order
Please note that, when you place a Limit or Stop order, the stock might not reach your price. These order types can go unfulfilled and will be canceled if they are not fulfilled within 90 days.
Limit orders must be placed in whole share increments.
All equity and options limit orders during regular market hours are placed as all-or-none (AON) orders to ensure the avoidance of partial fills.
Outside of market hours, market orders can only be submitted in dollar amounts, and not share quantity in order to avoid any drastic fluctuations in market pricing, which can cause over-buys or undesirable sell prices.
If you ever have questions, our team is here to help. We are always available at support@public.com or in the app.