Lot Size

Discussion in 'Stocks' started by erol, Apr 23, 2009.

  1. erol


    I was wondering, what the smallest lot size can be for an order.

    For example, if the shares are $150+, can I buy as few as 3-5 shares? Or will brokers typically not fill these types of orders?
  2. 1 share.

    I know because I bought one single share by accident once and it was filled.

    Only cost $2 roundtrip with Interactive Brokers, so it wasn't the end of the world. :)
  3. erol


    that is awesome thanks!

    I've heard brokers calling clients asking them to sell odd lot sizes, what is the reason for that?
  4. Ugh, I've done this about 5 or 6 times since I've been trading both futures and stocks lately, I keep the default size set to 1 because I'd rather accidentally buy 1 share of stock than 100 futures contracts.