Fidelity Fees Structure
| 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 | $2,500 ($0 for Rollover IRA; $2,500 or $200 per month for ROTH and Traditional IRA) |
Fidelity IRA Fees
| Fee |
Amount |
| Fidelity IRA setup fee |
$0 |
| Fidelity annual IRA fee |
$0 |
| SIMPLE IRA annual fee |
$25 |
| Fidelity IRA termination fee |
$50 |
| 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 |
Fidelity Investments Margin Rates
The margin rate you pay depends on your outstanding margin balance - the higher your balance, the lower the margin rate you are charged.
|
Debit Balance
|
Margin Interest Rates
|
|
above $1,000,000
|
4.000%
|
|
$500,000 – $999,999
|
4.250%
|
|
$100,000 – $499,999
|
6.575%
|
|
$50,000 – $99,999
|
6.825%
|
|
$25,000 – $49,999
|
6.875%
|
|
$10,000 – $24,999
|
7.825%
|
|
$0 – $9,999
|
8.325%
|
Fidelity Fees: Account Maintenance
| Electronic statements |
$0 |
| Monthly statements |
$0 |
| Trade confirms |
$0 |
| Replacement statement |
$0 |
| Replacement confirm |
$0 |
| Fidelity ACAT fees |
$0 |
Fidelity Annual Fee
Fidelity does not charge annual fee for regular brokerage individual or joint taxable accounts. The firm also does not have annual IRA fee (except for $25 annual SIMPLE IRA fee). There are
no monthly account charges.
Fidelity Inactivity and Maintenance Fee
Fidelity Investments does not charge account inactivity and maintenance fees.
Fidelity Hidden Fees
Article listing Fidelity hidden charges is here.
Fidelity Cash Management Services Fees
| Electronic funds transfer (EFT) |
$0 |
| Fidelity BillPay |
$0 |
| Check copies |
$0 |
| Returned check |
$15 |
| Stop payment |
$15 |
Check ordering
|
$0 |
| HSA check ordering |
$10 |
| Overnight check delivery |
$0 |
| Cashier's check |
$10** |
| Debit card annual fee |
$0 |
| Fidelity Cash Management Account ATM fee |
$0 |
| Fidelity Cash Management Account ATM bank surcharge |
Reimbursed |
| The Fidelity Account ATM fee |
$0 for first 5 transactions per month
$1 per transaction thereafter*
|
| The Fidelity Account ATM bank surcharge |
Varies* |
| Bank wire |
$10 online
$15 through a representative***
|
| Foreign exchange wire |
Up to 3% of principal |
Fidelity Fees in PDF
Fidelity Investments listed its fees in this document.
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Fidelity Investing Fees
| Real-time quotes |
$0 |
| Streaming quotes |
$0 |
| Steaming Level II quotes |
$0 |
| Streaming news |
$0 |
| Transfer of assets |
$0 |
| Mandatory corporate reorganization |
$0 |
| Voluntary corporate reorganization |
$38*** |
Depository Foreign Trust Company (DTC) foreign settlement fee
|
$50 |
| Stock certificate transfer and ship |
$100 per certificate*** |
| Mutual fund annual low balance fee |
$12 per fund**** |
| Foreign dividends and reorganizations |
1% of principal |
| Margin liquidation |
$32.95 |
| Reg T extension |
$0 |
Comparison
| Broker Fees |
Stock/ETF
Commission |
Mutual Fund
Commission |
Options
Commission |
Maintenance
Fee |
Annual IRA
Fee |
|
Ally Invest
|
$0
|
$9.95
|
$0.50 per contract
|
$0
|
$0
|
|
Fidelity
|
$0
|
$49.95
|
$0.65 per contract
|
$0
|
$0
|
|
TD Ameritrade
|
$0
|
$49.99
|
$0.65 per contract
|
$0
|
$0
|
|
M1 Finance
|
$0
|
na
|
na
|
$0
|
$0
|
Fidelity Mutual Fund Commissions
Transaction-fee funds at Fidelity normally cost $49.95. This charge is only applied to purchases.
The exact commission a mutual fund carries is displayed on its information page on Fidelity's website. In either case, the fee is not applied
to sales or exchanges. A round-trip will average either $24.98 or $37.50 per leg. In either case, several other firms are cheaper, including
Ally Invest, which charges $9.95 per transaction.
Fidelity Mutual Fund Fees
Every mutual fund at Fidelity has at least a $2,500 minimum initial purchase requirement. Certain funds have higher minimums. For example, some Fidelity institutional class funds have minimums as high as $10,000,000. American Century has several funds with a $5,000,000 minimum, and John Hancock requires $250,000 purchase amounts in several funds. Most mutual funds on the Fidelity website have a $2,500 minimum.
Sorting through the various offerings is easy using Fidelity's user-friendly mutual fund screener. It returns over 11,500 funds that are open to new investors. Of these, roughly 3,600 come with no transaction fee. Several criteria can be chosen to search with, such as turnover ratio, inception date, standard deviation, and more. The screener's results can be sorted by various categories, including expense ratio, NTF status, Morningstar category, and more.
The broker does impose a short-term redemption fee of $49.95 each time an NTF fund is sold less than 2 months after purchase. This charge is applied to self-directed online sales, and is in addition to any charge the mutual fund itself levies. The purpose of the fee is to discourage short-term trading of fund shares, which increases a mutual fund's overhead.
Using a live agent over the phone to complete a sale in less than 2 months incurs a charge of 0.75% of principal, with a $250 maximum and a $100 minimum. Utilizing the broker's automated phone system reduces these costs by 25%.
Fidelity does offer some exceptions to its short-term redemption fee policy. Fidelity funds are exempt, as are money market funds, automatic withdrawals, and all funds with loads. Also, some funds with short-term objectives may be exempt.
Fidelity charges $5 for each acquisition of additional shares of a pre-existing mutual fund holding that is signed up for automatic purchases.
A pre-screened group of mutual funds called Fund Picks From Fidelity is available to all the broker's clients. These securities are screened by Fidelity's investment professionals every quarter to ensure the funds beat their peers on a risk-adjusted basis.
Fidelity Review and Website Link
Read detailed
Fidelity Investments Review.
Fidelity Investments fees are as of 2021 and are subject to change. For the most recent information on Fidelity fees go to their website:
|