Fidelity Minimum balance

Fidelity Minimum Deposit

2023 Fidelity minimum balance for a taxable account or a traditional/ROTH IRA. Fidelity minimum deposit (initial amount) to open an account and an account minimum requirements.

Fidelity Minimums

Fidelity is an amazing broker for many traders and investors based on their tools, services, and pricing offerings. For the most part, Fidelity does an excellent job of delivering value for all its customers and allows most customers to take advantage of what they offer without worrying about meeting any kinds of minimums. In this article, we discuss important Fidelity minimums that you need to be aware of.

Fidelity Investment Minimums

Fidelity offers fractional shares investing in over 7,000 stocks and ETFs. With fractional shares, you can invest in eligible stocks and ETFs with a minimum of just $1. For any stocks and ETFs that aren’t part of Fidelity’s fractional share program, the minimum investment amount is the price of one whole share.

Fidelity doesn’t technically have any minimums for investing in options, mutual funds, bonds, or CDs. Even though this is the case, these investments naturally have minimums of their own. For options, the investment minimum is the price of one contract. Bonds and CDs trade in increments of thousands therefore, the investment minimum is $1,000 for both. Fidelity offers access to hundreds of mutual funds with no investment minimum and thousands more with minimum investments ranging from $2,000 to $10 million.

Fidelity Minimum Balance Requirements

Fidelity has no minimum balance requirements for its standard types of accounts such as brokerage accounts and IRAs. Even if you have a $0 balance in a standard type of account, Fidelity doesn’t charge you a minimum balance maintenance fee. Fidelity has minimum balance requirements to qualify for certain investment types, certain wealth management programs, access to certain levels of guidance, and access to one-on-one relationships with a dedicated advisor. To participate in IPOs with Fidelity, you have to have a minimum balance of $100,000-$500,000 depending on the IPO.

Fidelity’s Wealth Management program has a minimum balance requirement of $250,000 and its Private Wealth Management program has a minimum balance requirement of $10 million. To qualify for a one-on-one relationship with a dedicated advisor outside of a wealth management program, the minimum balance requirement, generally, is $250,000. Fidelity allows everyone that doesn’t qualify for a dedicated advisor or wealth management program the opportunity to receive free guidance through its Investment Solutions team with no minimum balance required.

Fidelity has no account minimum required to open a margin account however, you need to have a minimum balance of $2,000 in your margin account to utilize the margin feature. To have a day trading account with Fidelity requires a minimum balance of $25,000. Fidelity has minimum balance requirements for certain types of options strategies such as spreads which require you to have an account balance of at least $10,000.

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Fidelity Account Minimums

Fidelity doesn’t have any minimums for opening any type of standard accounts such as IRAs, brokerage accounts, business accounts, and custodian accounts. There is no account minimum for opening a Fidelity Charitable Giving account either. Fidelity offers a number of professionally managed accounts that each have their own minimums.

Fidelity’s basic robo advisor account, the Fidelity Go account, has no account minimum to open and the higher tier version of the account, the Personalized Planning & Advice account, has a minimum of $25,000 to open. Fidelity’s Portfolio Advisory Services account offers personalized investment management and access to a team of advisors to work with and has a $50,000 minimum to get started. Other types of managed accounts that Fidelity offers that include access to a dedicated advisor have minimums of $250,000 and above.

Fidelity minimum

Fidelity Minimum System Requirements

Fidelity’s website runs on all the major internet browsers, but some site features may not work on older versions of the browsers so, they recommend making sure you are using the latest version of the browser. Fidelity’s app is available on Android and Mac devices, and they recommend always keeping your Fidelity app up to date with the latest version.

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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

About the Author
Paul Johnson is a Licensed Stockbroker with 7+ years of experience in the financial services industry. Paul enjoys teaching about investing and writing about financial topics. He is a husband and father of twin boys.