Fidelity Review

(8,848 user reviews)

 3.9/5

Simon Lewis

Simon is a recognized world expert in investing. He has tested dozens of investment clubs, communities and investment research services. His research has been featured on Bloomberg, Business Insider, The New York Times, Wall Street Journal, CNet and more.

Ranked #3 out of 5

Fidelity - Best for retirement investors

An American multinational brokerage firm, Fidelity Investments was established in 1946 and quickly became one of the largest asset managers in the world. The company offers an extensive range of services, such as investing and retirement accounts, wealth management, college and health saving plans, robo investing, and personalized advice plans.

Fidelity Investments primarily serves individual investors and requires no minimum investment or trade portfolio to start trading. The brokerage firm covers stocks, mutual funds, ETFs, options, bonds, certificates of deposits (CDs), money market funds, IPOs, deferred fixed annuities, precious metals, and other fixed-income products.

Interactive Brokers Pros & Cons

Pros

Excellent market research
Commission-free on US stocks & ETF
No account minimum or account fees
Access to global markets (25 countries)
High-quality educational material
Reliable customer service

Cons

Commissions & Fees

From 2019, Fidelity charges no commission on stock, ETFs, and options trades, allowing you to invest as much as you want with $0 trading commissions and top-notch customer service. The firm also offers more than 3.400 no-transaction-fee mutual funds, access to global stock trading in 25 countries, and exchange between 16 currencies.

Fidelity offers a competitive trading fee structure, as long as you invest in their platform for at least 60 days. If your investment is under the minimum account balance policy and you opt to trade with margin or exit your position early, then Fidelity will charge these fees of $49.95 and 4% respectively.

Stock Trade	ETF Trade	Options Base	Options Per Contract	Futures Per Contract	OTC Trade	CFD's Trades	Mutual Fund Trade	Forex Trade	Crypto Trade	Inactive Account	Withdrawal
$0.00	$0.00	$0.00	$0.65	N/A	$0.00	N/A	$49.99	N/A	N/A	$0.00	$0.00

Feature	Fee
Stock Trade	$0.00
ETF Trade	$0.00
Options Base	$0.00
Options Per Contract	$0.65
Futures Per Contract	N/A
OTC Trade	$0.00
CFDs Trades	N/A
Mutual Fund Trade	$49.99
Forex Trade	N/A
Crypto Trade	N/A
Inactive Account	$0.00
Withdrawal	$0.00

Educational Content

Fidelity’s Online Learning Center provides over 600 pieces of educational content in the format of articles, videos, webinars, seminars, infographics, courses, podcasts, and more. The website also provides exclusive coaching sessions with a group that ranges from 8–10 people, which gives more time for discussions between participants about their own personal situations or concerns they may have.

The brokerage company’s content is organized into helpful roadmaps, sorted by experience level and category so you can find what works best for your needs. It simplifies the process of learning about topics such as retirement planning or long-term investing, and how they pertain specifically to each person's financial situation.

There are also option plans that offer personalized planning and advice, and the use of artificial intelligence (robo-advisor) to help manage the strategy and investments for the stockholder.

Desktop & Mobile Platforms

Like most brokerage firms, Fidelity offers trading via website and mobile app, with all the tools needed and advanced research for casual investors. Active and professional traders will prefer the Active Trader Pro desktop platform, available for free.

Fidelity's website is a breeze to maneuver that includes all the tools to manage a portfolio. The advanced research tools are the main flagship of the online platform, including also screeners that allow low-cost trading using 10 years of historical data, great watchlists, quotes, charts, and 48 columns of data to navigate. The “news and research” tab provides real-time investment information and updates on stock market trends.

The mobile app also offers all the necessary tools for everyday investors to manage their investments through their phones. It offers real-time quotes with multi-leg options, a simple version of the website research tools, and a notebook to save ideas and articles on your mobile browser.

For professional investors, Active Trader Pro is a complete and customizable desktop platform that provides all the charting and trade functions, such as real-time analytics and trading alerts, investing insights, portfolio monitoring, and options trading assistance. This platform has all the essential tools to stay on top of the market and can be considered one of the best platforms for day trading.

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We are committed to providing honest reviews and advice about investment communities to help you decide which suits your needs the best.

Since 2015, we’ve reviewed 28 investment communities and published real user reviews.

About

Contact

2035 Sunset Lake Road
Suite B-2
Newark
DE 19702

hello@top10wallstreet.com