If you're going to be investing in individual stocks, or mutual funds and ETFs that aren't commission-free, you need to find a broker that allows you to trade for free. Both M1 Finance and Robinhood are potential options. Robinhood is no-frills, but free.
NerdWallet's Best Online Brokers for Free Stock Trading of May 2021
7 Best Free Stock Trading Platforms
The best free stock trading app is TD Ameritrade. Unlike most brokers, TD Ameritrade offers two apps: TD Ameritrade Mobile and thinkorswim Mobile. TD Ameritrade Mobile is designed for casual investors. Meanwhile, thinkorswim Mobile is designed for the feature-hungry active trader.
But even a company offering “free trading” needs to make money somehow. Invest as little or as much as you want with a Robinhood portfolio. With Robinhood, you can build a balanced portfolio and trade stocks, ETFs and options as frequently as you want, commission-free. Click your state to start investing today!
The catch is they make money on the cash you have in the app that isn't invested by investing it themselves, and they make money from people with robinhood gold. You also can't do more than 3 day trades per week and abuse their free trades. You also can't do more than 3 day trades per week and abuse their free trades.
To answer your question in short, NO! it does not matter whether you buy 10 shares for $100 or 40 shares for $25. Many brokers will only allow you to own full shares, so you run into issues if your budget is 1000$ but the share costs 1100$ as you can't buy it.
The most inexpensive way to purchase company shares is through a discount broker. A discount broker provides little financial advice, while the more expensive full-service broker provides comprehensive services like advice on stock selections and financial planning.
An investing app called Robinhood will give you between $2.50 and $200 worth of free stock in companies like Visa, Microsoft and GE, just for downloading its app and opening a free account.
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