Fidelity Minimum Deposit
| Fidelity minimum deposit to open a cash account | $0 in cash and/or securities |
| Fidelity minimum deposit to open a margin account | $5,000 in cash and/or securities |
| Fidelity minimum initial deposit to open a ROTH IRA, Traditional IRA, Simple IRA, or SEP IRA | $0 |
| Fidelity minimum balance requirement for a taxable account or an IRA | none |
Fidelity vs Competitors
Fidelity vs TD Ameritrade: IRAs
Fidelity customers can select an IRA from several different possibilities. The firm has SEP, SIMPLE, Roth, Traditional, Inherited, Rollover, and Minor Roth products. TD Ameritrade also provides several types of IRA’s. Retirement savers can choose a Roth, Traditional, Rollover, Minor, Minor Roth, SIMPLE, or SEP account.
IRA Costs and Minimums
No-fee IRAs are available at Fidelity. This fee policy includes no annual fees or inactivity fees. The broker also has no minimum balance requirement or account opening deposit minimum.
A retirement account with TD Ameritrade also has no annual fee, no low-balance fee, and no inactivity fee. The broker maintains no minimum initial deposit requirement for an IRA.
Promotions
TD Ameritrade: $0 commissions + transfer fee reimbursement.
Fidelity Investments: Get $0 stock commissions.
Mutual Funds
There are more than 11,000 mutual funds at Fidelity. Of these, 3,580 have no transaction fee, and roughly half of those also come with no load. The broker charges $49.95 for a transaction-fee fund (depending on the specific fund) on the buy side only.
Fidelity also offers Fidelity and non-Fidelity target date funds. These mutual funds have portfolios that become less aggressive as the target date approaches. The target date, such as 2040, is the time when retirement is expected to start.
Investors at TD Ameritrade have access to more than 2,000 mutual funds with no load and no transaction fee. In total, there are more than 11,000 mutual funds available. Traders can find funds that are ideal for retirement accounts, such as target date and S&P 500 funds. The broker imposes a charge of $49.99 to buy, sell, and exchange transaction-fee funds.
IRA Tools and Calculators
The Fidelity website has some good calculators to evaluate retirement options. There is a calculator to assess IRA contributions. The firm also has a Roth IRA conversion calculator. Another tool helps investors estimate minimum withdrawals from an IRA.
Investors can also find several good IRA calculators at TD Ameritrade. The broker has a tool that calculates the financial advantages of a 401(k) rollover, for example, and another tool evaluates the benefits of converting a Traditional IRA to a Roth.
IRA Education and Videos
Fidelity customers have access to a sizeable collection of retirement information. The broker offers self-guided courses in addition to webinars, articles, videos, and infographics. These essential documents discuss issues such as retirement income.
Investors will also find good resources on retirement at TD Ameritrade. There are videos and articles on the broker's website that address vital retirement subjects, such as 401(k) conversions and making withdrawals from an IRA.
Fidelity vs TD Ameritrade: IRA Comparison Summary
Fidelity Investments and TD Ameritrade (TD Ameritrade IRA review)
are heavily-advertised brokerage firms that offer general securities services along with retirement accounts. Investors should be aware of important differences between them.
For stock and ETF trades, TD Ameritrade customers pay $0, while Fidelity's commission is $0. Using a human broker to make a trade costs $25
at TD Ameritrade, while Fidelity charges $29.95.
Both brokers offer IRAs with no fees. There are no account minimums, inactivity fees, or maintenance fees. The required initial deposit to open a regular brokerage account at Fidelity is $0. TD Ameritrade has no minimum for any account.
Fidelity customers have access to more than 10,000 mutual funds. Of these, less than 1,000 come with no load and no transaction fee. Funds that do have a transaction fee cost $49.95 to buy. Transaction fee funds are free to sell.
TD Ameritrade offers more than 11,000 mutual fund offerings, of which almost 2,000 have no transaction fee and no load. Mutual funds with a transaction fee are $49.99.
For investors interested in ETFs, TD Ameritrade offers slightly more than 100 that are commission-free, while Fidelity has a selection of 84 funds that are free to trade.
Traders who need help researching investment ideas for retirement will not be disappointed with either firm. Fidelity has effective research tools for stocks, ETF’s, and mutual funds. The broker offers reports from third-party analysts at no cost. Investors can use a research tool for fixed-income offerings. Fidelity also has a web-based learning center with articles, videos, and webinars on a wide range of topics, including retirement planning.
TD Ameritrade also offers extensive research for all securities. Traders receive free stock and ETF reports from Credit Suisse, Morningstar, TheStreet.com, and other analysts. The broker also has an extensive video library on its website covering a wide range of financial topics, including retirement accounts and education planning.
Investors saving for retirement may also want a cash management option. TD Ameritrade clients can sign up for a checking account. It comes with a free Visa debit card, free checks, and no monthly account fees. ATM fees are also reimbursed.
Fidelity provides the Cash Management Account for its customers. The account comes with checks and a Visa Gold debit card at no cost. The broker also reimburses ATM fees.
Both firms provide top-quality service for investors saving for retirement. Fidelity is especially good for stock traders, while TD Ameritrade is better for mutual fund and ETF investors.
Fidelity Minimum Deposit Summary
Fidelity has a very good mobile platform that can be used for a variety of investment purposes. With the broker's $0 trading commission, Fidelity
is hard to beat.
Updated on 6/18/2022.
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.
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