Fidelity Futures Trading

Fidelity Futures Trading Review, Margin, & Cost for 2024

Fidelity stock and bitcoin futures trading spreads pricing, CME, ICE US, CFE, Emini, oil futures fees. Fidelity futures margin requirements.

Fidelity Futures Trading

Fidelity does not offer futures trading at this time. As an alternative, we recommend Tastytrade brokerage. Learn more about Tastytrade futures trading...

Free Tastytrade Account

Get $250 for each trader you refer with this referral link.

Visit Tastytrade Website

Managing Multiple Accounts With Fidelity

Fidelity is a mutual fund company, so customers can open many different accounts under one umbrella. This makes it a “one stop shop.” Other services provided by Fidelity include: mutual funds, traditional IRAs, 529 college savings plans, and other financial services (see website for details). Fidelity clients can open one web page and look at several accounts at once. This makes it easy to transfer money between accounts and manage money as needed with one service. For pro and novice investors alike, this is a great feature.

Website Interface

The website is easy to use and nice to look at. There are several graphs and charts that show an account’s performance or how money is being allocated. Clients with multiple Fidelity accounts can easily break down the accounts to either see a summary of all accounts or each account individually.

Fidelity’s website is fairly easy to navigate. They also make it easy to contribute to an account without ever having to pick up a phone. If transferring between banks or other accounts, clients can set up an electronic transfer, which can also be automated.

They offer a detailed analysis on their page of each specific account, which is very helpful. This analysis page includes four categories, including asset allocation, top positioning and rankings, stock analysis, and income analysis. For the novice, they offer simple “checks” if they believe an account’s funds are being allocated correctly or “exclamation marks” if they don’t. If any of the above categories do not match their recommendations, they provide detailed information on how to remedy the situation. If customers are interested in learning more, they offer several links including: “Why this matters” and “Show me what I can do about this.” This is great for an average user. However, the website will tell you what to do but not how to do it. There are no step-by-step instructions or links to video tutorials on how to remedy a problem. Instead, Fidelity uses more advanced financial lingo that may be hard for the average American to understand.

Fidelity margin rates

Fees and Rate of Return

There is a minimum of $2,500 to open the account, but there are no minimum annual contributions after that. There are no additional fees that are paid out of pocket. For clients who are interested in trading, there is a $0 trading fee for unlimited online U.S. trade equities.

When looking at Fidelity’s expense ratio (the annual fee that all funds charge their shareholders), their rates are fairly competitive. A recent glance at a Roth IRA that was saving aggressively for a 2046-2050 retirement, the expense ratio (gross and net) was .75% ($7.50 per $1,000), which is on the lower end of the spectrum. However, when looking at the overall performance of this account in its first year, this account lost 3.21 percent, about what Fidelity predicted for the first year.

Fidelity margin rates are high and start at 9.325% for the most clients. However, for investors with very a large debit loan Fidelity margin interest rates collapse to as low as 5.00%.

Fidelity charges a high 0.35% annual fee for its robo-advisory service and requires the same minimum to start its service.

Setting Up An Account

Setting up an account with Fidelity is fairly easy. It only takes most users about ten minutes to fill out all of the various information boxes asking for the user's name, address, etc. There is no fee to open an account.

Most users can set up authorization for Fidelity to make withdrawals from their bank accounts by simply filling out an electronic form. For the few customers that have small or new banks that are not on Fidelity's list of pre-approved banks, they can print out a paper form and mail it in.

Once the authorization is made, a user can make a deposit or withdrawal anytime he or she wants by clicking on "transfer" from the Portfolio Summary Page and selecting where to move money to and from using the drop-down menu.


After opening an account, the user gains access to a wide variety of information for investing research. For example, the page for each stock shows the bid/ask spread, day range, volume, and dividend yield. It also shows news aggregated from across the web that is directly relevant to the particular stock being viewed. For example, a visit to the page of Newmont Mining brings up news about the stock market in general, the price of gold, and recent events affecting some of Newmont's competitors.

Buying Stocks And Bonds

Buying an asset is as easy as clicking on "buy" from the stock or bond's page. The commission for stocks is $4.95 per trade, while for bonds it is $1 per bond. Options cost $0.65 per contract.

Many bloggers have claimed that Fidelity requires a minimum balance for its brokerage accounts. However, this is not true. As long as the user chooses a plain, vanilla "individual" brokerage account, there is no minimum balance at all. In order to buy a share of a company, for example, the user just needs to have enough cash in the account to buy at least one share.

For investors that are willing to take more risk for greater reward and that have more than $150,000 worth of capital, Fidelity allows them to borrow cash to buy securities on margin. For this service, it charges rates of between 4%-8.8%, depending on the current value of the user's assets and how much of that value has already been used for previous margin requirements.

Select Commission-Free ETFs

One of the best features of a Fidelity Brokerage Account is the ability to buy a wide variety of Fidelity and iShares exchange traded funds at 0% commission. For a user who has a small amount of capital, these commission-free trading opportunities can often make the difference between being able to invest and having to sit on cash instead.

Here is a list of just a few of the ETFs that are available to be traded commission-free.

  • iShares Core S & P 500 ETF (IVV) (similar to the SPDR S & P 500 ETF that is so popular)
  • Fidelity Core Dividend ETF (FDVV)
  • Fidelity Dividend ETF for Rising Rates (FDRR)
  • Fidelity MSCI Energy ETF (FENY)
  • Fidelity MSCI Financials ETF (FNCL)
  • Fidelity Total Bond ETF (FBND)
  • Fidelity Limited Term Bond ETF (FLTB)
  • Fidelity NASDAQ Composite Index (ONEQ)
  • iShares Core MSCI Total International Stock (IXUS)
  • iShares MSCI Global Gold Miners (RING)

Portfolio Analysis Tool

Another great feature of a Fidelity brokerage account is the Portfolio Analysis Tool. A user can set up this tool with goals that he or she wants to track. The computer will then alert the user if something in her portfolio is inconsistent with her goals. For example, if the user is concerned about not being properly diversified across sectors, the computer will tell her whenever the percentage of her portfolio in one sector rises above a certain threshold.

Customer Service

Fidelity provides an extensive set of help files covering most aspects of the brokerage platform, along with a robot virtual assistant that allows the user to type out questions in English for it to answer. If these solutions do not answer the user's questions, around-the-clock telephone service is available toll-free. Most users have found the telephone operators to be friendly and helpful.

Disadvantages To Using a Fidelity Brokerage Account

The biggest disadvantage to using Fidelity is that it is a "discount" brokerage. This means that it offers very little in the way of advice for investors that have large amounts of capital but who don't have extensive knowledge of financial markets. While Fidelity offers plenty of ways to research market trends, the user is pretty much on his or her own when deciding what to buy or sell.

To be fair, Fidelity does offer some accounts that have higher fees and that give the user access to expert opinions. But, like other discount brokerages, this is not what Fidelity specializes in. So a user who is looking for robust investment consultation services will probably be better off going with a full-service broker such as Merrill Lynch or Morgan Stanley.

Fidelity Summary

A Fidelity brokerage account can be very useful for the investor who wants a lot of "hands on" experience trading and doesn't require a lot of advice. It provides robust research tools, computerized portfolio analysis and very low to non-existent commissions.

For users that want lots of expert human advice, other brokers or other types of accounts may better suit their needs.

About the Author
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, Chad can usually be found managing his portfolio or building a new home computer.