Fidelity Logo
Written by: Ádám N. Updated: Dec 2022
Expert verified
Recommended for
  • beginners
  • equity trading
Trusted broker
Regulated by top-tier financial authorities
Popularity
5,827 people chose this broker in the last 6 months
BrokerChooser Score
4.8/5

Fidelity review summary

Fidelity is a US stockbroker. Fidelity provides commission-free US stocks and ETFs. In addition, it offers plenty of high-quality research tools, including trading ideas, detailed fundamental data and charting. The web trading platform is easy to use, and offers advanced order types. You can also trade with international, not just US stocks. It is a good choice for beginner investors. On the negative side, some mutual funds have high fees and the margin rates are also higher. The account's verification is a bit slow and in some cases, the account opening is not fully digital. Lastly, the live chat speed could be improved. BrokerChooser gave Fidelity a 4.8/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Fidelity is a regulated broker, it is overseen by a top-tier financial regulator in the USA . Fidelity is also covered by investor protection and it offers negative balance protection in selected jurisdictions. We at BrokerChooser always test brokers with real money, including the withdrawal process.

Fidelity is available in United States

Fidelity pros and cons

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
👛 Depositing with electronic wallet Available
💱 Number of base currencies supported 16
🎮 Demo account provided Yes
🛍️ Products offered Stock, ETF, Fund, Bond, Options, Crypto, Robo-advisory
To read much more details about the broker's services and features, expand on the sections below.

Fidelity review
Fees

3.7
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

4.2
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

3.8
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

4.5
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

5.0
Fidelity has a great mobile trading platform. It is user-friendly and well-designed.
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Fidelity review
Desktop trading platform

4.3
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

4.0
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

4.5
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

3.9
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

5.0
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

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Fidelity review
FAQ

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Author of this review

Ádám Nasli

Author of this review

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Ádám Nasli

Analyst Head

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

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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