Fidelity Review - Make Lemonade

Fidelity Review

Company Overview: Fidelity

Based in Boston, Fidelity is a leading online stock broker that serves its customers through 10 regional offices and more than 190 Investor Centers in the United States. With 40,000-plus associates, its global presence spans eight other countries across North America, Europe, Asia, and Australia. Fidelity oversees $6.5 trillion in assets and has over 26 million customers. Fidelity is well-known for its mutual funds, and has an excellent reputation for its low commissions and its superb research and trading platforms.

Fidelity Overview

Fidelity offers attractive rates and terms compared with other top online stock brokers:

Account Minimum: $0 (some mutual funds may require $2,500)

Commission: $4.95 per trade

Options: $4.95 + $0.65 per contract

Real-Time Data: Yes

Screening Tools: Yes

Research: Yes

Charts: Yes

Able To Trade: stocks, bonds, mutual funds, ETFs, options, forex

Inactivity Fee: $0

Account Closing Fee: $50

How Fidelity Compares: Key Benefits Of Fidelity

Here are some of the reasons that investors love Fidelity:

  • Account Minimum:You can open a Fidelity online stock brokerage account with $0. If you plan to trade mutual funds, you may need a $2,500 account minimum with certain mutual funds.
  • Commission-Free:Fidelity offers more than 3,700 commission-free mutual funds and 90+ commission-free ETFs.
  • Real-Time:Fidelity offers real-time quotes and data.
  • Other Features:Fidelity offers free research and data, free investment screening tools and a customizable dashboard.
  • Customer Support:Fidelity offers 24/7 customer support. Fidelity also has more than 180 local branches.

Bottom Line: Is Fidelity right for you?

Fidelity has a top reputation as an online stock broker. Its excellent trading platform, real-time data, free research and screening tools makes Fidelity a solid investment platform. If you are looking for a low commission online stock broker, then Fidelity can be a reliable match.

Fidelity has a top-notch trading platform. You can also trade on Fidelity’s mobile app, which is extensive. Also, Fidelity has 180 physical branches, which can be helpful if you need in-person customer support. You can also connect with 24/7 customer support, including chat and email.

Fidelity offers more than 3,700 commission-free mutual funds and 90 commission-free ETFs, making it one of the best commission-free online stock broker platforms.

If you are an active trader, you can gain access to Fidelity Active Trader Pro. To be eligible for Fidelity Active Trader Pro, you must trade at least 36 times in a 12-month period and have a $25,000 minimum balance.

Next Steps: How To Apply To Fidelity

You can open a Fidelity account online within a few minutes, and the process is simple.


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Annual Fee

Overview

Account Minimum:$0

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 16 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Customer support: M-F 8 a.m. – 8 p.m. EST; email 24/7

Overview

Account Minimum:$0

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 12 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Customer support: 7 days a week
  • Unlimited access to licensed financial advisors

Overview

Account Minimum:$500

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 11 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Unlimited access to licensed financial advisors

Overview

Account Minimum:$0

Details

  • Supports personal brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 9 asset classes
  • Free automatic portfolio rebalancing
  • Customer service: M-F 11 a.m. – 7 p.m. eastern

Overview

Account Minimum:$5,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 20 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting for accounts with a minimum $50,000 balance
  • Free access to licensed financial advisors
  • 24/7 customer support

Overview

Account Minimum:$50,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolios are individualized and incorporate Vanguard index funds and ETFs, if needed
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting on client-by-client basis
  • Access to licensed financial advisors
  • 24/7 customer support

Overview

Account Minimum:$100,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Access to financial advisors

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