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?
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 $0 ($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
|
8.5%
|
|
$500,000 – $999,999
|
8.8%
|
|
$250,000 – $499,999
|
11.075%
|
|
$100,000 – $249,999
|
11.325%
|
|
$50,000 – $99,999
|
11.375%
|
|
$25,000 – $49,999
|
12.325%
|
|
$10,000 – $24,999
|
12.825%
|
|
$0 – $9,999
|
12.825%
|
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 |
Visit Fidelity Website
Updated on 7/19/2024.
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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