Fidelity brokerage account options

The Fidelity Account. ® Wide range of investment choices. $0 commission for online US stock, ETF, and option trades. Dollar-based investing with fractional shares using the Fidelity Mobile® App. Free, independent research from 20+ providers.
Table of contents

• Fidelity Brokerage Account from Fidelity Investments
• Fidelity Investments Review 2021: Pros & Cons
• Overall Summary
• Trading at Fidelity

Blain Reinkensmeyer March 19th, Serving over 32 million customers, Fidelity is a winner for everyday investors. After spending three months testing 11 of the best online brokers for our 11th Annual Review, here are our top findings on Fidelity Investments:. Penny stocks: Unlike many brokers, Fidelity charges no additional fees for trading penny stocks.

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In fact, alongside Charles Schwab, Fidelity is the only broker to show customers the price improvement received on eligible orders. Zero Expense Ratio Mutual Funds: Fidelity distinguishes its offering with the addition of several zero expense-ratio mutual funds, helping investors save on costs, compared to funds available from Vanguard. Streaming quotes are included as well as 48 total columns of data to choose from. Furthermore, the workflow is seamless, making it a breeze to transition into equity research or into the docked order ticket to place a trade. Charting: In Active Trader Pro, charting is cleanly laid out and includes 22 different drawing tools, optional studies, custom user profiles, chart trading, alerts, notes, and more.

Trading Central Recognia is also incorporated to automate the identification of common technical patterns. Active Trader Pro includes several unique, in-house brewed tools, including Real-Time Analytics streaming trade signals and Trade Armor real-time position analysis. Options trading with Active Trader Pro is also impressive and includes a variety of analysis tools. Overall, Fidelity competes among the best brokers for day trading. The entire website experience is meticulously laid out, clients can access portfolio updates via Google Assistant, and the broker provides terrific in-house market commentary.

Stock research: When pulling quotes, Fidelity provides 16 third-party research reports for stocks and five for ETFs, the largest of any broker. Is that information overload? But it illustrates how thorough Fidelity is when it comes to research. However, surprisingly, no third-party research reports are offered for mutual funds, despite Fidelity offering both Lipper rankings and Morningstar ratings.

As a regular reader myself, my favorite Viewpoint article is the annual sector outlook report, which highlights key trends to watch and includes detailed sector analysis.

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Fidelity offers three mobile applications, its flagship mobile trading app, NetBenefits for payroll, and Fidelity Spire, which is designed to help you financially plan and set goals. While active traders may be left wanting more, for the majority, Fidelity delivers, winning our award, No. Customizable dashboard: Upon logging in, a unique, customizable dashboard experience, displayed as a personalized feed, greets you.

Market cards float on top of varying scenery images that rotate after each login in your personalized feed, creating an experience found nowhere else. Cards cover everything, from market news to portfolio and watch list insights. Other unique features: Research is robust and exactly what one would expect to find after using the website. Among many other highlights of the mobile app is the note-taking functionality, which allows you to log personal thoughts on individual stocks and the broader markets.

There is also live streaming TV from Bloomberg within the mobile app, matching the Active Trader Pro desktop platform. Mobile app drawbacks: While Fidelity thrives in its offering of mobile research, it struggles in the active trader department. For example, charting is clean and includes after-hours charts, which is nice; however, only seven indicators two in Android are available — well below the industry average of over The app experience is also built primarily around investors.

Fidelity provides all the benefits of what an investor would expect of a full-service brokerage, including the entire spectrum of investment services, from stock trading to retirement guidance. Still, it is not common for US brokers to offer non-US stocks at all. Trading on margin basically means that you borrow money from your broker and can purchase more shares than you could with just the available cash in your account.

You have to pay interest on this borrowed money — the interest rate is called the margin rate. It can account for a significant portion of your trading costs. Fidelity's margin rate is volume-tiered. There is a base rate, plus a premium depending on the borrowed amount. At the time of the review, the base rate was 7. The fees for mutual funds are high for transaction-fee and non-Fidelity funds.

You are only charged a fee for purchasing a fund, not when selling. That is why we halved Fidelity's fee, to make it comparable with other brokers that charge both for buying and selling. Fidelity has generally low bond fees. Bond fees vary by bond type. We calculated the fees for Treasury bonds traded on the secondary market. There is no commission for buying Treasury bonds. Fidelity has low non-trading fees. There are no inactivity or account fees. In our review, we tested an electronic ACH withdrawal, which worked without any problem.

In addition, there is a currency conversion fee if you trade an international stock, which is denominated in other than your account's currency. The currency conversion fee depends on the amount you trade:. Visit broker. Fidelity is a US stockbroker that targets US clients. In this review, we tested Fidelity's services provided within the US. However, there are several countries where Fidelity is available through the Fidelity group's other subsidiaries.

The range of available products and services varies by country. There is no required minimum deposit at Fidelity for basic accounts. However, there is a minimum deposit for trade using a margin account or if you prefer investing in portfolios. If you want to trade with international stocks , you need to register for a supplemental service for your brokerage account called International Stock Trading.

The registration is quick and straightforward, and can be initiated within your brokerage account. The account opening is user-friendly and fully digital in most cases. There can be cases when you have to mail or fax the account opening form and the photocopy of the relevant ID card to Fidelity.

It took 3 business days for us to open the account, which is a bit slow compared to other brokers. The online part of the application takes roughly 20 minutes, but with the mail-in process, it took about 3 business days to open and verify the account.

Overall Summary

Signing up for International Stock Trading was relatively quick and easy; it took 5 minutes after the brokerage account was verified. At Fidelity, you can choose from 16 base currencies. It's a great selection. Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don't have to pay a conversion fee.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone. Compare digital banks. Fidelity offers a feature called 'BillPay' as an additional service.

With a subscription, you can make payments and manage your bills using your brokerage account.

We tested the ACH transfer and it took 2 business days for the funds to arrive. You can only deposit money from accounts that are in your name. How long does it take to withdraw money from Fidelity? We tested the ACH bank transfer withdrawal and it was completed within 2 business days. How do you withdraw money from Fidelity? Follow these steps:.