Fidelity Review (2024) (2024)

Fidelity Pricing and Minimum Deposit

Investments	Commissions
Stocks and ETFs	$0
Stocks and ETFs broker assisted	$32.95
Options	$0.65 per contract
Mutual funds	$49.95 to buy. $49.95 to sell if sold within 2 months, $0 otherwise
Bonds and CDs (new issues)	on a net yield basis
Bonds and CDs (secondary issues)	$1.00 per bond ($250 maximum)

Investments	stocks, bonds, mutual funds, options, commercial paper, UITs, ETFs
Fidelity minimum deposit to open account	$0
Fees	Fidelity fees
Promotion link	Fidelity promotions

Fidelity Brokerage Review

Fidelity is more than just a brokerage with $0 stock commissions; it offers a comprehensive suite of trading services that might make it one of the best in the business. Here's what you need to know:

Bulls Point to...

Excellent commission rates. Fidelity's "Trade Zero" policy offers free trades, which is a major draw.

Superior banking tools. Fidelity's banking features surpass many traditional banks.

Global trading capabilities. You can trade on international markets with a Fidelity account.

Bears Point to...

Limited asset classes. Fidelity doesn't offer trading in some markets.

Robo-advisor isn't free. Unlike some competitors that offer free robo-advisory services, Fidelity charges for theirs.

Incomplete website trading tools. While Fidelity's other software platforms are strong, its website trading tools lack some features.

Only one mobile app. Many of Fidelity's competitors offer multiple apps.

Tradable Assets

Fidelity allows you to trade a variety of assets like bonds, mutual funds, ETFs, stocks, and options. You can also participate in IPOs through their platform.

However, Fidelity does not support trading in forex, cryptocurrencies, futures, or options on futures.

Customer Support

You can contact a Fidelity representative 24/7 by phone. While the online chat has limited hours, an AI chat option is always available.

Fidelity also has over a hundred local branches across the U.S., and their website offers numerous self-service options.

Commissions and Fees

Fidelity offers zero commission for stocks and ETFs. Options have a $0.65 per-contract fee, but there is no charge for closing options if the premium is less than $0.65.

Mutual funds have a $49.95 fee for purchases, but no charge for sales. A short-term redemption fee applies if held for less than 60 days.

Bonds are generally $1 per trade, with maximum fees depending on the type and term of the bond. Treasury trades are free.

Mutual Funds

Fidelity's website includes a robust mutual fund center. It features a fund screener, educational resources, and information about funds that include specific companies, like Facebook.

Fidelity's recommended funds are updated quarterly and are free to access. These selections include funds across various categories, like large blend funds or taxable bonds.

ETFs

Fidelity's ETF center offers a range of resources, including a screener, comparison tools, and market insights. You can find information on different sectors and performance metrics.

Investment Education

Fidelity offers a wealth of educational resources, including articles, videos, and webinars. These resources are accessible under their Learning Center and can help both new and experienced investors.

Account Types

Fidelity offers a variety of account types, including standard brokerage accounts, retirement accounts, and accounts for specific savings goals like education or health care.

Cash Management Tools

Fidelity's cash management account offers features like checkwriting and a debit card without additional fees. It also reimburses ATM fees charged by other banks within the U.S.

Managed Account Services

Fidelity offers managed accounts, including a robo-advisor option starting at a low fee. Traditional management services with personal advisors are also available for higher investment levels.

Website

Fidelity's website is user-friendly and offers comprehensive trading tools, though it lacks a trade bar or dedicated trading platform.

Mobile App

Fidelity's mobile app includes robust trading tools and access to a range of features like mobile check deposit, bill pay, and real-time financial news.

Desktop Trading

Fidelity's desktop platform, Active Trader Pro, provides advanced trading features, including detailed options analysis and charting.

Other Tools

Fidelity also provides additional tools like a smartwatch app and integrations with Amazon Echo and Apple TV, enhancing accessibility and convenience for users.

Foreign Stocks

Fidelity offers the ability to trade stocks on 25 foreign exchanges and provides free real-time quotes for these investments.

Other Services

Fidelity's services include a free DRIP (Dividend Reinvestment Plan) and automatic investments in mutual funds at no extra charge.

Comparison

Fidelity stands out among peers like Charles Schwab, E*Trade, and Firstrade with its comprehensive services, though some competitors offer certain features that Fidelity does not.

Recommendations

For mutual fund investors, individual retirement account holders, beginners, and active traders, Fidelity offers robust services that cater to a wide range of needs.

Fidelity Review Summary

Fidelity excels in providing a wide array of services and educational resources, making it a top choice for investors of all levels.

Open Fidelity Account

Visit Fidelity Website

Fidelity Investments Questions and Answers

What investments can clients make through Fidelity?
How much are Fidelity Investments fees?
What are Fidelity Investments IRA charges?
What are Fidelity Investments margin interest rates?
What interest does Fidelity Investments pay on uninvested cash?
What is Fidelity Investments brokerage account minimum?
What minimum amount is required to open a Fidelity Investments account?
What is Fidelity Investments clearing firm?
How to close Fidelity Investments account?

What investments can clients make through Fidelity?

Fidelity Investments customers can trade the following asset types: stocks, bonds, mutual funds, options, commercial paper, UITs, and ETFs.

What are Fidelity Investments's fees?

A list of all the fees Fidelity Investments is charging is under this link.

What are Fidelity Investments IRA charges?

There are no IRA setup, annual or closing fees.

What interest does Fidelity Investments pay on cash?

Fidelity Investments interest rates on uninvested cash are in Fidelity Investments cash sweep article.

What are Fidelity Investments margin interest rates?

Current Fidelity Investments margin interest rates could be found here.

What is Fidelity Investments account minimum?

Fidelity Investments does not have minimum requirements for brokerage accounts.

What minimum deposit is required to open a Fidelity account?

Fidelity Investments minimum deposit is $2,500 ($0 for Rollover IRA; $2,500 or $200 per month for ROTH and Traditional IRA).

What is Fidelity Investments clearing company?

Fidelity Investments is self clearing.

How to close Fidelity Investments account?

You could learn how to close or transfer your Fidelity Investments account under this link.

Fidelity Investments Margin Rates

Debit Balance	Fidelity Margin Rates
above $1,000,000	9.25%
$500,000 – $999,999	9.55%
$250,000 – $499,999	11.825%
$100,000 – $249,999	12.075%
$50,000 – $99,999	12.125%
$25,000 – $49,999	13.075%
$10,000 – $24,999	13.575%
$0 – $9,999	13.575%

Fidelity Investments IRA Fees

Fee	Amount
Fidelity IRA setup fee	$0
Fidelity annual IRA fee	$25 for Simple IRA
Fidelity IRA termination fee	$0
Fidelity account maintenance fee	$0
Fidelity account inactivity fee	$0
Fidelity outbound full account transfer (ACAT) fee	$0
Fidelity outbound partial account transfer fee	$0

Open Fidelity Account

Visit Fidelity Website

Updated on 7/19/2024.

About the Author

Chad Morris is a financial writer with more than 20 years experience as both an English teacher and an avid trader. When he isn’t writing expert content for Brokerage-Review.com, Chad can usually be found managing his portfolio or building a new home computer.