Fidelity Logo
Written by:
Fact checked by:
Updated:
May 2023
Recommended for
  • beginners 4.1/5
  • equity trading 4.6/5
Trusted broker
  • Top-tier regulation in the US
  • Compensation in case of broker bankruptcy (terms apply)
  • Long track record - founded in 1946
Popularity
17,224 people chose this broker in the last 6 months

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.

BrokerChooser score
4.8 4.8 /5
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Fidelity is available in United States
Stock fee
Low
Fractional shares
Yes
Minimum deposit
$0
Inactivity fee
$0
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)
Expert opinion
“Fidelity is something of a household name when it comes to investing in the US, and for good reason. It could be a great broker for someone to start equity investing, but it’s also a great platform for advanced trading strategies, as it provides plenty of tools and data for research; along with a broad variety of assets to trade including options and non-US stocks.”
Gergely Korpos
Co-founder / CPO

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

Fees
3.7
Account opening
4.2
Deposit and withdrawal
3.8
Web trading platform
4.5
Mobile trading platform
5
Desktop trading platform
4.3
Markets and products
4
Research
4.5
Customer service
3.9
Education
5
Safety
To read much more details about the broker's services and features, expand on the sections below.

Fidelity review
Fees

Score: 3.7/5
+
Fidelity has low trading and non-trading fees, including commission-free US stock trading. On the negative side, margin rates and fees for some mutual funds can be high.
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Fidelity review
Account opening

Score: 4.2/5
+
Opening an account at Fidelity is easy and there is no minimum deposit. You can also choose from many account types. However, account verification is a bit slow.
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Fidelity review
Deposit and withdrawal

Score: 3.8/5
+
Fidelity offers an exceptionally wide range of base currencies. On the negative side, credit/debit cards are not accepted.
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Fidelity review
Web trading platform

Score: 4.5/5
+
Fidelity's web platform is easy to use, has many order types and provides two-step authentication. On the negative side, it is not customizable.
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Fidelity review
Mobile trading platform

Score: 5/5
+
Fidelity has a great mobile trading platform. It is user-friendly and well-designed.
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Fidelity review
Desktop trading platform

Score: 4.3/5
+
Fidelity's desktop platform is highly customizable, offers many order types and has a clear fee report.
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Fidelity review
Markets and products

Score: 4/5
+
Fidelity offers a lot of different trading products, from stocks to options, including international stocks. However, forex and futures trading is not available.
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Fidelity review
Research

Score: 4.5/5
+
Fidelity has great research tools with a large variety of services, including trading ideas, detailed fundamental data and great screeners. However, the quality of the news flow could be better.
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Fidelity review
Customer service

Score: 3.9/5
+
Fidelity's customer service is good. They provide fast and relevant answers, but their live chat could see some improvements.
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Fidelity review
Education

Score: 5/5
+
Fidelity offers a wide range of high-quality educational materials, like articles, webinars and videos. However, a paper trading (demo) account is available only on the desktop platform.
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Fidelity review
Safety

+
Fidelity is regulated by top-tier financial authorities and has a high level of investor protection. However, there is no negative balance protection and its financial information is not public.
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Fidelity review
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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Fidelity review
FAQ

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Author of this review

Adam Nasli

Author of this review

Adam is a motivated finance expert. He is one of the first hires at BrokerChooser and has since tested almost all 100+ brokers covered by BrokerChooser. Adam holds a professional degree from CEU and he helps teach finance and programming courses at his alma mater. Previously he worked in the banking sector, including at Citi Bank. He loves researching the financial industry, managing his long-term investments, and trading with algorithms.

Adam Nasli

Analyst Head

Adam is a motivated finance expert. He is one of the first hires at BrokerChooser and has since tested almost all 100+ brokers covered by BrokerChooser. Adam holds a professional degree from CEU and he helps teach finance and programming courses at his alma mater. Previously he worked in the banking sector, including at Citi Bank. He loves researching the financial industry, managing his long-term investments, and trading with algorithms.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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