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Fidelity Logo
4.9
Best broker for bonds

Summary

Recommended for investors and traders looking for solid research and great trading platforms

Fidelity  US stockbroker, founded in 1946. It is regulated by top-tier regulators like the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Fidelity is considered safe because it has a long track record and is regulated by top-tier regulators.

Best broker for bonds

We selected Fidelity as Best broker for bonds for 2020, based on an in-depth analysis of 57 online brokers that included testing their live accounts.

Overall Rating
4.9
Fees
4.0
Account opening
3.0
Deposit and withdrawal
4.0
Trading platform
4.0
Markets and products
4.0
Research
5.0
Customer service
4.0
Education
5.0

Fidelity pros and cons

Fidelity's research is high-quality and has a lot of tools, including trading ideas, detailed fundamental data, and a good charting. The web trading platform is easy-to-use with advanced order types. You can trade with international stocks too, not just Us stocks.

The account opening is not fully digital. The fees for some mutual funds are high and financing rates are also high.

Pros Cons
Solid research tools Not fully digital account opening
Great web trading platform High mutual fund fees
US and international stocks Financing rates are high
Fidelity main features and 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 credit card Not available
👛 Depositing with electronic wallet Available
💱 Number of base currencies supported 16
🎮 Demo account provided Yes
🛍️ Products offered Stock, ETF, Fund, Bond, Options, Robo-adivosry
Gergely Korpos

Gergely Korpos

Co-founder, CPO

Author of this review

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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

Fidelity review
Fees

4.0
Fidelity has low trading fees and low non-trading fees. There are no commissions for stock trading which is great. On the negative side, fees for some mutual funds and financing rates can be high.
Pros Cons
Low non-trading fees High financing rate
Free stock and ETF trading Higher fees for non-free mutual funds
Some mutual funds are free
Fidelity fees snapshot
Assets Fee level Fee terms
US stock Low Free stock and ETF trading
EURUSD - Not available
Mutual fund High $49.95 or $75.0 for buying and selling is free, there are also ~3,600 free mutual funds
Inactivity fee Low No inactivity fee

How we ranked fees

We ranked Fidelity's fee levels as low, average or high based on how they compare to those of all reviewed brokers.

To get things rolling, let's go over some lingo related to broker fees. What you need to keep an eye on are trading fees, and non-trading fees.

In the sections below, you will find the most relevant fees of Fidelity for each asset class. For example, in the case of stock investing, commissions are the most important fees.

We also compared Fidelity's fees with those of two similar brokers we selected, Interactive Brokers and Charles Schwab. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of Fidelity alternatives.

To have a clear overview of Fidelity, let's start with the trading fees.

Fidelity trading fees

Fidelity trading fees are low.

Stock fees and ETF fees

Fidelity charges no stock and ETF commissions for American clients.

Fidelity offers higher fees for UK and German stocks than Interactive Brokers' offering. Still, it is not common for US brokers to offer non-US stocks. 

Fidelity stock and ETF commission of a $2,000 trade
  Fidelity Interactive Brokers Charles Schwab
US stock $0.0 $1.0 $0.0
UK stock $10.8 $7.2 -
German stock $20.9 $4.4 -

If you prefer stock trading on margin or short sale, you should check Fidelity financing rates.

A financing rate, or margin rate, is charged when you trade on margin or short a stock. This basically means that you borrow money or stocks from your broker to trade. For this borrowed money/stock you have to pay interest. This is the financing rate. It can be a significant proportion of your trading costs.

Fidelity financing rates are high

Fidelity annual financing rates for stocks, futures, and options
  Fidelity Interactive Brokers Charles Schwab
USD margin rate 9.8% 3.4% 9.3%

Fidelity's financing rate is volume-tiered. It applies a base rate plus a premium depending on the financed amount. Here is a table to show the financing rates:

Fidelity annual financing rates
Debit Balance Rate % Base Rate +/-
$1,000,000 or more 5.5% Base rate - 3.075%
$500,000 - $999,999 5.75% Base rate - 2.825%
$250,000 - $499,999 8.075% Base rate - 0.50%
$100,000 - $249,999 8.325% Base rate - 0.25%
$50,000 - $99,999 8.375% Base rate - 0.20%
$25,000 - $49,999 9.325% Base rate + 0.75%
Under $24,999 9.825% Base rate + 1.25%

The financing rates above are also applied for options trading.

Fund fees

The fees for mutual funds are generally high. Fidelity offers ~3,600 free mutual funds. If you sell these free funds within 60 days after the purchase, a $49.95 fee is charged for the sale. For all other funds, mutual fund purchase is  $49.95 or $75 depending on the fund. We calculated with $75 because most popular mutual funds are charged by this commission amount. Fidelity charges only for opening a position, closing the position is free of charge. That is why we halved Fidelity's fee to be comparable with the other brokers, which charge both for opening and closing.

Fidelity commission for a $2,000 fund purchase
  Fidelity Interactive Brokers Charles Schwab
Mutual fund $37.5 $15.0 $24.8

Bond fees

Fidelity has generally low bond fees. The bond fees vary among the different bond types. We calculated the fees for Treasury bonds.

Fidelity commission of a $10,000 government bond trade
  Fidelity Interactive Brokers Charles Schwab
US Treasury bond $0.0 $5.0 $0.0

There is no commission for Treasury bonds. For other bonds, like corporate bonds, the commission is $1 per bond and there is a maximum of $250. The maximum fee is $50 for bonds maturing one year or less.

Options fees

Fidelity option fees are low.

Fidelity stock index options commission of 10 contracts
  Fidelity Interactive Brokers Charles Schwab
US stock index options $6.5 $7.0 $6.5

Fidelity charges $0.65 per contract.

Non-trading fees

Fidelity has low non-trading fees.

It charges no inactivity and account fees. There is no withdrawal fee if you use ACH transfer. The withdrawals to other banks using wire transfer cost $10.

We tested ACH, so we had no withdrawal fee.

Fidelity non-trading fees
  Fidelity Interactive Brokers Charles Schwab
Account fee No No No
Inactivity fee No Yes No
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0

Fidelity review
Account opening

3.0
Opening an account at Fidelity is easy and fast, but not fully digital. The application had to be mailed with the relevant ID's photocopy.
Pros Cons
No minimum deposit Not fully digital
Low minimum deposit
User-friendly

Can you open an account?

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Fidelity is a US stockbroker and targets US clients. In this review, we tested Fidelity's services provided within the USA.

However, there is a handful country, where Fidelity is available through the Fidelity group's other subsidiaries. The Fidelity Investments Canada serves only Canadian customers, while Fidelity International has a strong presence in Western Europe (AT, DE, FR, NL, ES, SE, CH, UK) and South-East Asia (HK, JP, TW). The available product range and services differ from country to country.

What is the minimum deposit at Fidelity?

Fidelity minimum deposit is $0. The minimum deposit can be more if you trade on margin or prefer investing in portfolios.

Fidelity minimum deposits by account types
Trading preferences Minimum deposit
Trading at basic accounts $0
Margin account* $,2000
Day trading** $25,000
Fidelity Managed Accounts $10 - 500,000

* You trade with money borrowed from the broker, also called trading on leverage.

** You buy and sell an asset the same day

Account types

Fidelity offers several account types:

Fidelity account types
Account Type Description
Brokerage Individual Account Account is owned and used by a single individual
Brokerage Joint Account Account is owned and used by two or more individuals
Business Accounts Account is owned and used by a legal entity
Trust/Estate Account Account is held by a Trustee (separate legal entity) for your benefit
Roth / Traditional / Rollover IRA Accounts Individual retirement accounts
Education Savings Account Account is for educational purpose savings
Charitable Account Tax-efficient account for a charitable giving
Medical Savings Accounts Account is for healthcare purpose savings
Fidelity Managed Accounts Accounts managed by Fidelity's technology and professionals Robo-advisor accounts managed by Fidelity

In this review, we tested the Brokerage Individual Account.

If you prefer trading with international stocks, you need a supplemental service attached to your brokerage account, called International Trading. The registration was quick and straightforward, you can initiate within your brokerage account.

How to open your account

The account opening is user-friendly, but in our case, it was not fully digital. After completing the online account opening form, you have to mail or fax the generated document and the photocopy of the relevant ID card to Fidelity. It took 2 business days for us to open the account.

Steps at Fidelity to open an account:

  1. Choose the account type
  2. Add personal information, like Social Security Number, residency, employment status, etc.
  3. Add your investment/trading preferences
  4. Review your information
  5. Acknowledge the terms and conditions
  6. Print and mail/fax the application

The online application took roughly 20 minutes and the account was opened and verified within the next 3 business days. 

Signing up for "International Trading" was quick and easy, it took 5 minutes after the brokerage account was verified.

Fidelity review - Account opening

Fidelity review
Deposit and withdrawal

4.0
Fidelity offers an exceptionally wide range of base currencies. Credit/debit cards are not accepted and the wire withdrawals are charged.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee $10 for outgoing wire transfers
Several account base currencies

Account base currencies

At Fidelity, you can choose from 16 base currencies.

Base currencies at Fidelity vs similar brokers

  Fidelity Interactive Brokers Charles Schwab
Number of base currencies 16 19 1
Fidelity base currencies
USD AUD MXN ZAR
EUR DEN NZD SGD
GBP HKD NOK SEK
CAD JPY PLN CHF

Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don't have to pay a conversion fee.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. Revolut or Transferwise both offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

Compare digital banks

Deposit fees and options

Fidelity charges no deposit fees. 

Clients can use check, ACH, wire transfers, and PayPal for deposit. Credit/debit cards are not provided.

Fidelity offers the BillPay feature as an additional service. With a subscription you can make payments and manage your bills, using your brokerage account.

 

Fidelity deposit options
  Fidelity Interactive Brokers Charles Schwab
Bank transfer Yes Yes Yes
Credit/Debit card No No No
Electronic wallets Yes No No

A bank transfer can take several business days, while payment with a credit/debit card is instant.

We tested ACH transfer and it took 2 business days.

You can only deposit money from accounts that are in your name.

Fidelity review - Deposit and withdrawal - Deposit

Fidelity withdrawal fees and options

Fidelity charges no withdrawal fees if you use ACH withdrawal, but domestic and international wire transfers cost $10.

Fidelity withdrawal fees and options
  Fidelity Interactive Brokers Charles Schwab
Bank Transfer Yes Yes Yes
Credit/Debit card No No No
Electronic wallets Yes No No
Withdrawal fee $0 $0 $0

How long does it take to withdraw money from Fidelity? We tested the ACH bank transfer withdrawal and it was completed within 2 business days.

You can only withdraw money to accounts in your name.

How do you withdraw money from Fidelity? You can withdraw money from Fidelity by following these steps:

  • Log into the account
  • Go to the "Accounts & Trade", then select "Transfer"
  • Select the withdrawal method you want to use
  • Select your Fidelity account as "Transfer from"
  • Select the account you want to withdraw the money to as "Transfer to"
  • Add the amount you wish to withdraw, set the date
  • Initiate the withdrawal

Compare to other brokers

Fidelity review
Web trading platform

5.0
Fidelity's web platform is easy to use, has a lot of order types, and provides a two-step authentication. On the negative side, the web trading platform is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Fidelity platforms to choose from
Trading platform Score Available
Web 5 / 5 stars Yes
Mobile 5 / 5 stars Yes
Desktop 4 / 5 stars Yes

Fidelity has an in-house developed web trading platform. It's available only in English.

Look and feel

The Fidelity web trading platform is user-friendly and provides a good user experience. However, it lacks customizability.

Fidelity review - Web trading platform

Login and security

Fidelity offers a two-step authentication login besides the default one-step login. If you set this feature, you'll get a random 6-digit number sent to your phone.

During the account setup, you shall choose 3 security questions & answers. When you first log in on a new device, you have to answer one security question. After all of these registrations, you can access your account using your regular ID and password combo.

Search functions

The search functions are OK. You can search by typing both a company's name or its ticker. Searching with company names gives relevant results.

If you enable International Trading, then you should search using the ticker and a country code syntax. Without the syntax, you will search within the US market. This feature could be improved to simplify the searching method. The search tab can be found in the upper right corner.

Fidelity review - Web trading platform - Search

Placing orders

You can use the following order types: Market, Limit, Stop, Stop Limit, Stop trailing ($, %), Stop limit trailing ($, %), Multi-contingent, One Cancels the Other (OCO), One Triggers the Other (OTO), One Triggers a One Cancels the Other (OTOCO)

To get a better understanding of these terms, read this overview of order types.

There are also order time limits you can use: Good 'til canceled (GTC), Day, Fill or Kill, Immediate or Cancel, On the open, End of Day,

Fidelity review - Web trading platform - Order panel

Alerts and notifications

You can set a wide range of alerts and notifications. From price to research alerts, you will find a lot of alert types in three main categories: "Account Services", "Research and Market Monitoring", and "Products and Offerings".

You can get notifications via email and SMS. If you download the mobile trading app, you can also set mobile push notifications. 

The alerts can be found on the Profile > Preferences > Alerts and Notification section or just simply search equity and click "Set alert". We liked the interlinkability of the alerts. As you set an alert one of the platforms, you can make it active in the other platforms as well within one click.

Portfolio and fee reports

Fidelity has a clear portfolio and fee reports. They can be found in the "Accounts&Trade" Accounts position section. 

You can download the reports, but only in CSV format.

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Fidelity review
Mobile trading platform

5.0
Fidelity has a great mobile trading platform. It is user-friendly and well-designed, however, it lacks a two-step login.
Pros Cons
User-friendly No two-step (safer) login
Good search function
Good variety of order types

Fidelity mobile trading platform is available both for IoS and Android. In this review, we tested on IoS. The mobile trading platform is available in English.

Look and feel

Fidelity mobile trading platform is user-friendly. In design, it is more up to date than the web trading platform.

Fidelity review - Mobile trading platform

Login and security

Fidelity provides only a one-step login. It would be much safer if the mobile platform offered two-step authentication as the web platform does. Fidelity does offer biometric authentication which is a convenient feature. 

Search functions

The search functions are good. It's easy to use and you can find the relevant options for the stocks easily.

You can search for international stocks using the country syntax. Without the country code, the search is conducted within the US.

We liked the wide research functions, we were able to see third-party evaluations in many equity categories.

Fidelity review - Mobile trading platform - Search

Placing orders

You can use the following order types: Market, Limit, Stop, Stop Limit, Stop trailing ($, %), Stop limit trailing ($, %)

There are also order time limits you can use: Good 'til canceled (GTC), Day, Fill or Kill, Immediate or Cancel, On the open

Fidelity review - Mobile trading platform - Order panel

Alerts and notifications

You can easily set alerts and notifications on the Fidelity mobile platform. You can allow push notifications as well.

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Fidelity review
Desktop trading platform

4.0
Fidelity's desktop platform is highly customizable, offers a lot of order type, and has a clear fee report. However, two-step login is not provided and in some cases, the platform loaded slowly.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace)
Good variety of order types

Fidelity offers its in-house developed desktop trading platform, called Active Trader Pro. This desktop trading platform mainly for active traders and advanced investors. The platform is considered the extension of the web platform and integrates a lot of research functions with great flexibility. 

Similarly to the web and mobile trading platforms, the desktop trading platform is available only in English.

Look and feel

Fidelity's desktop trading platform is highly customizable.

On the negative side, the platform loads slowly in cases when the content opens in a new window or it is crosslinked to the web-based platform.

Fidelity review - Desktop trading platform

Login and security

In contrast to web trading platforms, Fidelity Active Trader Pro provides only a one-step login. A two-step login would be more secure.

Search functions

Fidelity Active Trader Pro has a great search function. You can search for an asset by typing its name or ticker. This searching area gives relevant results.

Fidelity review - Desktop trading platform - Search

Placing orders

You can use the same order types as on the web trading platform.

Fidelity review - Desktop trading platform - Order panel

Alerts and notifications

You can set alerts and notifications on the desktop trading platform. The alerts are synced with the web platform. Furthermore, you can use "Real-time Analytics", which analyses the historical data of your watchlist and makes signals if potential trading opportunities occur.

Portfolio and fee reports

Fidelity has a clear portfolio and fee reports. You can easily customize the tab and add commission, profit/loss balance, currency, etc. Reports can be found under the Account\History menu. 

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Fidelity review
Markets and products

4.0
Fidelity offers a lot of asset classes, from stocks to options. There are international stocks too, not just US stocks. Forex and futures are missing.
Fidelity asset classes
  Fidelity Interactive Brokers Charles Schwab
Stock Yes Yes Yes
ETF Yes Yes Yes
Forex No Yes No
Fund Yes Yes Yes
Bond Yes Yes Yes
Options Yes Yes Yes
Futures No Yes Yes
CFD No Yes No
Crypto No Yes No

Fidelity shines on the international stock market offer. The majority of US brokers don't give access to international stock exchanges. Fidelity's bond and mutual fund offers are also great, while the ETF and options offers are average.

Stocks and ETFs

Fidelity covers the US markets and many international stock exchanges. 

Fidelity stock and ETF selection
  Fidelity Interactive Brokers Charles Schwab
Stock markets (#) 29 78 4
ETFs (#) 80 13,000 2,300

You can trade with stocks on these US stock exchanges: NYSE, NASDAQ, AMEX, OTC. The following stock markets are provided globally:

Fidelity international stock markets
Europe North America Asia, Pacific, Africa
Austria Greece Portugal US

Hung Kong

Belgium Ireland Spain Canada Japan
Denmark Italy Sweden Mexico New Zealand
Finland Netherlands Switzerland   Singapore
France Norway     South Africa
Germany Poland      

Funds

Fidelity has a good mutual fund coverage. It is similar to Charles Schwab and has a significantly broader range than Interactive Brokers'.

Fidelity mutual fund selection
  Fidelity Interactive Brokers Charles Schwab
Fund providers (#) 560 257 600

You will find Fidelity funds and funds from other big providers like BlackRock and Vanguard. 

Bonds

Fidelity has a wide bond offer. It is higher than Charles Schwabs offer but much lower than Interactive Brokers.

Fidelity bond selection
  Fidelity Interactive Brokers Charles Schwab
Bonds (#) 113,000 1,472,900 60,000

Fidelity's bond offer covers both government and corporate bonds.

Options

Fidelity's options offer is average. This offer is better than Charles Schwab's but fewer than Interactive Brokers'.

Fidelity options selection
  Fidelity Interactive Brokers Charles Schwab
Options markets (#) 12 33 8

The following options exchanges are available: CBOE, AMEX, PHLX, ISE, ISE Gemini, BOX, NASDAQ, NASDAQ OMX BX, NYSE BATS, NYSE ARCA, MIAX, and C2.

Fidelity Managed Accounts

Fidelity also offers a lot of managed account services which are great if you need help to manage your investments.

Fidelity Managed Accounts
  Fidelity Go Fidelity Personalized Planning and Advice Portfolio Advisory Services Separately Managed Accounts
Service type Robo-advisory service Robo-advisory service with a consultation with experts Personalized solutions compiled by Fidelity's experts Preset portfolios you can invest in
Minimum to start $10 $25,000 $50,000 - $250,000 $200,000 - $500,000
Annual fee 0.35% 0.50% 0.50-1.50% 0.20-0.90%

 

Fidelity review
Research

5.0
Fidelity has great research tools. You can use many tools, including trading ideas, detailed fundamental data, and great screeners.
Pros Cons
Good interactive chart None
Trading ideas
Data on asset fundamentals

Fidelity offers many useful tools, which are great for fundamental analysis and strategy building. We tested the research tools on the web trading platform. 

Trading ideas

Fidelity provides trading ideas for stocks, ETFs and mutual funds.

In the case of stocks, under "Analyst Opinions"  you can find a summarized score, which contains more than 20 researcher's votes. You can see instantly the best competitors' performance and the industry average.

ETFs and mutual funds are also well supported by third-party providers like MorningStar.
 

Fidelity review - Research - Recommendations

Fundamental data

Fidelity provides wide fundamental data. You will find a lot of data for different assets, from stocks to funds.

You can easily reach the financial statement for 5 years, peer group companies, dividend calendar, etc.

Fidelity review - Research - Fundamental data

Charting

Fidelity has good charting tools. We tested the web trading platform's charting toolkit. You can easily edit the charts and there are 50 technical indicators. You can also save and download the charts. 

Fidelity review - Research - Charting

News feed

The news feed is provided by third parties, like Wall Street Journal or Bloomberg. It is easily readable but lacks visual elements, like charts or pictures.

Other research tools you'll enjoy

There are great and sophisticated screeners for stocks, ETFs, and mutual funds. This is one of the best screener tools we have tested. From the basic company information to technical indicators, you can use a wide range of filters.

Compare research pros and cons

Fidelity review
Customer service

4.0
Fidelity has great customer service. They give fast and relevant answers and are available 24/7.
Pros Cons
Phone support None
Live chat
Fast response time

You can contact Fidelity via:

  • live chat
  • telephone
  • email

The customer support is available in English.

Fidelity has a fast live chat and the relevancy of the answers was mostly OK.

The phone support is great. The customer support team was very kind and gave relevant answers. The response time was OK as an agent was connected within a few minutes.

The email works well too. We got the answers within 1 business day and the relevancy was great.

It is also a big plus that the Fidelity support team is available 24/7. 

Fidelity review - Customer Service

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Fidelity review
Education

5.0
Fidelity offers a lot of educational materials, like articles, demo account, webinars, etc. The quality of educational materials is high-quality.
Pros Cons
Demo account None
Trading platform tutorial
Educational videos

At Fidelity you can learn in the following ways:

  • Demo account
  • Platform tutorial videos
  • General educational videos
  • Webinars
  • Quality educational articles

The online webinars' topics range from beginner to advance. There are approximately 5-10 new pieces of content per month and you can watch the previous ones as well.

We liked Fidelity's FAQ, it compresses a lot of relevant information and the searching was easy.

Fidelity review - Education

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Fidelity review
Safety

Fidelity is regulated by top-tier financial authorities, like the SEC and FINRA. You are also protected by a high investor protection amount, $500,000 which includes $250,000 for cash. There is no negative balance protection and Fidelity doesn't disclose its financial information.
Pros Cons
Majority of clients belong to a top-tier financial authority No negative balance protection
High level of investor protection Does not hold a banking license
Additional coverage by Fidelity Not listed on stock exchange

Is Fidelity regulated?

Yes, it is regulated by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).

Fidelity is based in USA and was founded in 1946.

Is Fidelity safe?

To be certain, we highly advise that you check two facts:

  • how you are protected if something goes wrong
  • what the background of the broker is

How you are protected

In this review, we concentrate on Fidelity services in the US. There is a handful country, where Fidelity is available through the Fidelity group's other subsidiaries, but we did not test those services. In the US, customers are served by Fidelity Brokerage Services LLC and as such are under the US investor protection scheme, called SIPC. The SIPC investor protection scheme protects against the loss of cash and securities in case the broker goes bust. The limit of SIPC protection is $500,000, which includes a $250,000 limit for cash. This amount is substantially higher than the amount most investor protection schemes provide.

Fidelity also provides an additional total of $1 billion coverage. There is no limit on securities coverage, but there is a $1.9 million coverage limit on cash per account.

Not all investments are protected by SIPC. In general, SIPC covers notes, stocks, bonds, mutual funds and other investment company shares, and other registered securities. It does not cover instruments such as unregistered investment contracts, unregistered limited partnerships, fixed annuity contracts, currency, and interests in gold, silver, or other commodity futures contracts or commodity options.

Fidelity does not provide negative balance protection. If the balance on your account goes into negative, you won't be protected.

Background

Fidelity was established in 1946. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.

You may have some trouble if you are looking for more information about the company. The amount of financial information is quite limited compared to other brokers. The company is owned by the Fidelity group's parent company, called FMR LLC.

Regulated by top-tier regulators, having a long track record, and providing additional insurance are all great signs for Fidelity's safety.

Find your safe broker

Fidelity review
Bottom line

Fidelity is one of the biggest US stockbrokers regulated by top-tier regulators.

Fidelity's research is outstanding and covers many tools, including trading ideas and detailed fundamental data. The web trading platform is easy to use and offers advanced order types. The product offer covers international stock exchanges besides the US market, not common among the US brokers.

Fidelity has some drawbacks though. The account is not fully digital, fees for mutual funds are quite high, also financing rate.

As the research tools are great, the web trading platform is user-friendly, and no inactivity fee is charged, feel free to try Fidelity.

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