There seems to be conflicting information from @David and @L.D. about the handling of fractional shares:
Has the implementation changed since @David posted on the Apple thread?
Can somebody from @Team212 please confirm whether my examples below are right or wrong?
ISA & INVEST (No Pies) Examples
1 share becomes 5 shares
0.2 of a share becomes 1 share
0.3 of a share should technically become 1.5 shares, but the fractional part is not supported so it becomes 1 share plus the cash equivalent of 0.5 of a share at the post-split price (which is equal to 0.1 of a share at the pre-split price)
0.31 of a share should technically become 1.55 shares, but the fractional part is not supported so it becomes 1 share plus the cash equivalent of 0.55 of a share at the post-split price (which is equal to 0.11 of a share at the pre-split price)
etc.
CFD
My understanding is that youโre not actually purchasing shares in a CFD. Does this allow Trading 212 to include the fractional part after the split has happened, or is it treated exactly the same as ISA & INVEST?