Fidelity ACAT Fee
Fidelity ACAT fee is $0 for full or partial account transfer (mutual funds, stock positions, and ETF's). This Fidelity transfer fee
applies also to all IRA accounts: traditional IRA, ROTH, SEP, and SIMPLE IRA.
If you decide to close your retirement account, Fidelity IRA account closing fee is $50.
To learn how to move your Fidelity Investments account to a different broker read this article »
Fidelity Wire Transfer Fees
Outgoing wire transfers at Fidelity are $10 per transfer online, $15 through a representative. Incoming wire transfers are no charge.
Fidelity Alternatives
| Broker Review |
Stock/ETF
Commission |
Mutual Fund
Commission |
Options
Commission |
Maintenance
Fee |
Annual IRA
Fee |
|
Firstrade
|
$0
|
$0
|
$0
|
$0
|
$0
|
|
Ally Invest
|
$4.95
|
$9.95
|
$4.95 + $0.65 per contract
|
$0
|
$0
|
|
TD Ameritrade
|
$6.95
|
$49.95
|
$6.95 + $0.75 per contract
|
$0
|
$0
|
Fidelity Pros
Fidelity Investments selection of financial products, combined with 24/7 customer service, gives the broker an edge over other brokers.
Firstrade, for example, doesn’t offer 24/7 customer service; and Merrill Edge doesn’t offer access to futures or forex markets.
Fidelity clients can access bank accounts, retirement products, equities, fixed-income all with one log-in.
The vast majority of brokers don’t have such a wide variety, TD Ameritrade being a rare exception.
Fidelity Cons
Fidelity touts its advanced trading platforms, but limits them to active traders. TD Ameritrade, in comparison, has no such requirements for its
advanced platforms.
Fidelity’s standard commission of $4.95 is higher than some of its rivals, such as Ally Invest ($3.95-$4.95) and Firstrade
($0), both of which are known to be quality firms. Furthermore, Fidelity’s charge for options ($0.65 per contract) is higher than
at both TradeStation and Firstrade, which charge only $0.50 and $0 per contract respectively.
In 2001, the broker had a variable commission schedule that started at $20 trades. It took a million dollars in household
assets to get the rate down to $8. But in 2010, the broker switched to a simpler flat-rate system for all clients. The new
commission was just $7.95, and it was big news.
The most recent move by the broker has changed standards in the industry yet again. Traders are going to expect a lower level
of fees for all types of transactions in the future. Firms that were once viewed as cheap now look overpriced.
This is exactly how Schwab felt after Fidelity announced its new commission. The broker immediately responded by lowering its $4.95 equity commission
to Fidelity’s level. It also matched Fidelity’s option commission.
Non-Fidelity mutual funds can be purchased at the broker for $49.95. Selling mutual funds is free unless a customer
sells within 60 days of purchasing - then Short Term Trading Fee of $49.95 applies (does not apply to Fidelity family funds).
Fidelity does seem to have the advantage when it comes to its mobile
app, because having just one platform makes it easier to know which one to use. TD Ameritrade's offering of three apps is a little cumbersome, although
sophisticated traders might prefer the advanced level of trading technology on the thinkorswim platform.
Fidelity recently lowered its commission to $4.95; while TD Ameritrade has lowered its price to $6.95. Frequent
traders who qualify for Active Trader Pro would probably
be better off with Fidelity, whereas buy-and-hold investors will find a better value with TD Ameritrade.
Fidelity ACAT Fee Disclaimer
For the most up-to-date information on Fidelity ACAT fee (partial and full Fidelity account transfer out, ACH and wire transfer charges, ACAT
eligible status) visit their website.
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