Overview of Fidelity fees and charges
It's safe to say that Fidelity's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use Fidelity even in case you trade frequently like multiple times a week or daily.
Here's a high level overview of Fidelity's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | Low | Free stock and ETF trading |
| EURUSD fee | - | Not available |
| US tech fund fee | High | $49.95 or $75 for buying while selling is free; some 3,600 free mutual funds |
| Inactivity fee | Low | No inactivity fee |
Fidelity fees
Fidelity fees explained
We compare Fidelity fees with its closest competitors, E*TRADE and TD Ameritrade.
Fidelity fees
Fidelity trading fees
Fidelity's trading fees are mid-tier which means you need to pay special attention to asset classes with high trading fees.
Let's break down the trading fees into the different asset classes available at Fidelity.
Trading fees
Fidelity's trading fees are low.
Stock fees and ETF fees
Fidelity has low stock trading fees.
| Fidelity | E*TRADE | TD Ameritrade | |
|---|---|---|---|
| US stock | $0.0 | $0.0 | $0.0 |
| UK stock | $10.2 | - | - |
| German stock | $18.8 | - | - |
Fund fees
Fidelity fund fees are high.
| Fidelity | E*TRADE | TD Ameritrade | |
|---|---|---|---|
| Mutual fund | $37.5 | $20.0 | $50.0 |
| EU mutual fund | - | - | - |
Bond fees
Fidelity has low bond fees.
| Fidelity | E*TRADE | TD Ameritrade | |
|---|---|---|---|
| US Treasury bond | $0.0 | $0.0 | $0.0 |
| EU government bond | - | - | - |
Options fees
Fidelity's options fees are low.
| Fidelity | E*TRADE | TD Ameritrade | |
|---|---|---|---|
| US stock index options | $6.5 | $6.5 | $6.5 |
| UK stock index options | - | - | - |
| German stock index options | - | - | - |
Financing rates
Fidelity financing rates are .
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
| Fidelity | E*TRADE | TD Ameritrade | |
|---|---|---|---|
| Apple CFD financing rate | - | - | - |
| Vodafone CFD financing rate | - | - | - |
| EURUSD financing rate | - | - | 3.2% |
| EURGBP financing rate | - | - | 2.0% |
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
Currency conversion fee
Fidelity will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: 1% of value for orders <$100k.
Fidelity fees
Fidelity non-trading fees
When it comes to looking at all the non-trading fees Fidelity is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.
Non-trading fees include various brokerage fees and charges at Fidelity that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.
| Fidelity | E*TRADE | TD Ameritrade | |
|---|---|---|---|
| Withdrawal fee | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | No | No | No |
| Account fee | No | No | No |
Fidelity fees
Fidelity deposit fee
Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Fidelity is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Fidelity offers.
| Fidelity | E*TRADE | TD Ameritrade | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | Yes | No | No |
| Deposit fee | $0 | $0 | $0 |
Fidelity fees
Fidelity withdrawal fee
Unlike some online brokers we have reviewed Fidelity does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.
| Fidelity | E*TRADE | TD Ameritrade | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | Yes | No | No |
| Withdrawal fee with bank transfer | $0 | $0 | $0 |
Fidelity fees
Fidelity inactivity fee
Fidelity does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).
