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?
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.
lol that is awesome thanks! I've heard brokers calling clients asking them to sell odd lot sizes, what is the reason for that?
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.