Our take on Fidelity
Fidelity is one of the largest stockbrokers in the US. It has an excellent product selection and provides a great variety of tools to support your own investment research. Like nearly all US brokers these days, it offers commission-free stock and ETF trading. You can also trade options, mutual funds and international stocks. Fidelity has a great web trading platform, which makes it a good choice for beginners as well. However, opening an account can take a bit longer compared with some competitors. Among other drawbacks, some mutual funds have high fees, and margin trading is somewhat on the expensive side.
Pros | Cons |
---|---|
• Commission-free US stocks and ETFs
|
• High mutual fund fees and margin rates
|
• Great trading platforms and research
|
• Slower account verification
|
• US and international stocks
|
• Some products not available (e.g. futures)
|
Fidelity main highlights
🗺️ Country of regulation | USA |
💰 Trading fees class | Low |
💰 Inactivity fee charged | No |
💰 Withdrawal fee amount | $0 |
💰 Minimum deposit | $0 |
🕖 Time to open an account | 1-3 days |
💳 Deposit with bank card | Not available |
👛 With electronic wallet | Available |
💱 Number of base currencies | 16 |
🎮 Demo account provided | Yes |
🛍️ Products offered | Stock, ETF, Fund, Bond, Options, Crypto, Robo-advisory |
Fidelity summary
- Free stock and ETF trading
- Low bond fees
- No inactivity fee
- High fees for non-free mutual funds
- High margin rates
Fidelity review
Fees
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Account opening
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Deposit and withdrawal
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Web trading platform
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Mobile trading platform
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Desktop trading platform
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Markets and products
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Research
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Customer service
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Education
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Safety
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Bottom line
Fidelity is one of the biggest US stockbrokers and is regulated by top-tier authorities.
Fidelity offers commission-free US stocks and ETFs. The trading platforms and research are outstanding, with many tools including trading ideas and detailed fundamental data. The offered range of products includes international stock exchanges in addition to the US market, which is not common among US brokers.
Fidelity has some drawbacks, though. Some mutual funds have high fees, and the margin rates are high as well. You can't trade forex or futures.
As it has great research tools, a user-friendly web trading platform, and charges no inactivity fee, feel free to try Fidelity's services.
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