Fidelity Online Brokerage Review

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Fidelity Investments is well known among investors and traders. Fidelity is considered as a full service broker. It has more than 15 million brokerage accounts & $1.5 trillion of client assets as of July 1, 2015. Fidelity provides variety of product & service offerings. It offers investment guidance and retirement services.

Fidelity Brokerage Profile

  • Products: Stocks, bonds, mutual funds, annuities, insurance, commercial paper, CDs, IPOs, precious metals, managed portfolios
  • Stock Orders: $7.95 per trade
  • ETF Orders: $7.95 per trade
  • Limit Orders: $7.95 per trade
  • Phone FAST Orders: $12.95 per trade
  • Broker Assisted: $32.95 per trade
  • ishares ETFs Orders: $0.00 for iShares & Fidelity ETFs
  • Mutual Funds: $0.00 for Fidelity & NTF funds. Non-NTF: $49.95.
  • Options: $7.95/trade+$0.75/contract
  • Minimum to Open: $2500
  • Inactivity Fee: $0.00
  • Some Other Fees: Tender Fee: $38.00.
  • Maximum Margin Rate: Based on proprietary base rate.

Commissions & Fees

Fidelity uses a simple, flat-fee trading commission structure. Stock trades are $7.95 per trade, and option trades run at $7.95, plus $.75 per contract. These types of commissions are similar to those found at TD Ameritrade, ETRADE, Charles Schwab, and
Scottrade.

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Fidelity also has low margin rates for large assets. Broker assisted trades fee is $32.95 per trade. The mutual fund trade fee is $49.95 for non-NTF fund. You can buy Fidelity mutual funds and non-transaction fee fund for free.

Free ETFs

Fidelity offers 84 commission-free ETFs. The list has been growing up from 76 in 2014. This broker has still better offerings than others such as ETRADE, TD Ameritrade, and Charles Schwab.

Pros:
  • Fidelity is known to provide great new mobile app.
  • The commission fee is better than other online broker.
  • You may find a large array of educational resources for financial and retirement planning.
 Cons:
  • You need high initial funding to open an account.
Popular Fidelity Mutual Funds:

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