Does Fidelity charge inactivity fee?

Online Brokerage Firms Charging Account Inactivity Fees


Does your discount stock broker charge inactivity fees? List of annual and monthly account inactivity fees for TD Ameritrade, Scottrade, Etrade, Fidelity Investments, MB Trading, Just2trade, Vanguard, Charles Schwab, Tradeking, Optionshouse, Wellstrade/Wells Fargo, Optionsxpress, Interactive Brokers, Merrill Lynch/Edge, Firstrade, Capital One ShareBuilder, TradeMonster, TradeStation and Sogotrade.



Account Inactivity Fees Charged by Brokerage Firms


Brokerage Inactivity Fee Maintenance Fee
TD AmeritradeNoNo
Charles SchwabNoNo
Choicetrade$15 quarterly fee if customer makes less than five trades in a calendar quarter$50 annual IRA fee, $25 IRA setup fee
EtradeNoNo
FidelityNoSimple IRA: $350 per plan collected annually from the employer; or $25 per participant collected annually from participants' accounts. HSA: $48, waived in some instances. $12 annual Low Balance Fee for each noncore Fidelity mutual fund if balance is under $2,000.
FirstradeNoNo
Interactive Brokers$30 per month minimum commission requirement to avoid $10 monthly fee (rises to $20 monthly if account balance is less than $2,000)$7.50 quarterly fee for IRA accounts ($30 per year)
Just2tradeNo$35 annual fee for IRA accounts (if below $25,000 in assets)
Lightspeed TradingMinimum monthly commission for accounts under $5,000 is $25$30 annual IRA fee
MB TradingNo$30 annual fee for IRAs
Merrill EdgeNoNo
OptionsHouseNoNo
OptionsXpressNoNo
ScottradeNoNo
ShareBuilderNoNo
SogotradeNo$35 annual IRA fee
ThinkorswimNoNo
TradeKing$50 annual inactivity fee if BOTH apply to an account(s):
  • Combined account value of the household account(s) is less than $2,500
  • No commission-charged trades have been executed in the account(s) during the last 12 months
No
TradeMonsterNoNo
TradeStation$99.95 fee if not traded at least 5,000 shares in previous month$35 annual IRA fee
USAANoNo
VanguardNo$20 annual maintenance fee for regular accounts with balance less than $50,000. Annual IRA fees: $25 for SIMPLE IRA, $15 for 403(b)(7), $20 for Individual 401(k)/Roth 401(k) plans, $20 for 529 plan
WellstradeNo$25 Minimum Balance Fee, if account is less than $5,000; $30 monthly service fee if PMA Package has less than $50,000 in all accounts

Does Your Broker Charge Inactivity Fees?


Some online brokers charge account inactivity fees: the fee is imposed when a customer does not make a specified amount of trades during a month (Interactive Brokers), a quarter (LightSpeed Trading) or a year (TradeKing).

There are also companies that impose special fees that could destroy a small account investor - Low Balance Fees. These fees could be charged if client has account balance lower than required by a brokerage house (Interactive Brokers), or it could be charged if the amount invested in a mutual fund is too small (Fidelity Investments, Vanguard). Most companies do not charge Low Balance Fees fees.


Brokerage Promotions

Many companies in this article offer incentives for new client accounts. Some of these promotions work only for non-IRA accounts, others - for both IRA and non-IRA accounts.

E*trade: Trade free for 60 days + get up to $600.

Scottrade: $100 in Transfer Fees Refunded. No set-up fees. No Annual Fees.

TD Ameritrade: Trade free for 60 days + get up to $600.

Tradeking: (Refer a friend and both receive $50)

Optionshouse: Get 150 commission-free trades at OptionsHouse.

Firstrade: None right now.

Capital One ShareBuilder: Get $50 when you open new non-IRA account at ShareBuilder.

USAA: Easy to manage tools made for every investor. Open an Account!

Optionsxpress: None

Charles Schwab: none right now.

Merrill Lynch/Edge: none right now.

Interactive Brokers: none right now.

Wellstrade: none right now.

Fidelity Investments: none right now.
This article was updated on 8/22/2014.



Please share us with your friends




Related articles

Online broker promotions:
Copyright ©2009-2014 Brokerage-Review.com. All rights reserved.
The stock brokerage firm you select is solely responsible for its services to you, the user. Brokerage-Review.com shall not be liable for any damages or costs of any type arising out of or in any way connected with your use of a brokerage house's services. Brokerage-Review.com has partner relationships with other companies. As a partner, we often provide reviews of products and services based on our personal opinions. We are not compensated for positive reviews. While we strive to make sure that the information we present here is true and accurate upon publication, the rates and offers that we share with you may change without notice, so please visit the sites we reference for more up to date information.