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Ratings

Overall Star Star Star Star
Commissions & Fees Star Star Star
Customer Service Star Star Star Star
Platform & Tools Star Star Star Star Star
Research Star Star Star Star Star
Ease of Use Star Star Star
Investment Offering Star Star Star Star Star
Education Star Star
Mobile Trading Star Star Star Star Star

Trade Commissions

Equity Trades* $7.95
Options Fee* $7.95
Options Contract* $0.75
Mutual Fund $75.00
Broker Assisted* $32.95
Minimum Deposit $0.00
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Highlights

  1. Online trades only $7.95, all the time.
  2. 25 different iShares ETFs available for commission-free trading.
  3. One of the widest selections of mutual funds available.

Account Features

  • Virtual Trading
  • No Minimum Deposit
  • No Maintenance Fees
  • No-Fee IRAs
  • Online Trader Community
  • Investment Education

Mobile Trading

  • iPhone App
  • iPad App
  • BlackBerry App
  • Android App
  • Mobile Site

Customer Service

  • Phone Support
  • Email Support
  • Live Chat Support
  • Retail Locations
  • 24/7 Customer Support

Trade Types

  • Stock Trading
  • Options Trading
  • Mutual Funds
  • FOREX Trading
  • Futures Trading

Recommended For

  • Discounted Trading
  • Long Term Trading
  • Options Trading
  • Active Trading
  • International Trading

Fidelity Review

Broker Review

 

Likes - Strong offering of 3rd party research; local branch offices; extra services for banking, retirement, etc.

Dislikes - Need to make 120+ trades per year + $25k minimum account balance to utilize top Active Trader Pro platforms; tools for options traders limited.

Bottom Line - Fidelity early in 2010 simplified its commissions structure with $7.95 trades which, while still pricier than its peers, does come coupled with a strong research platform, 24/7 customer support, and a comprehensive product offering.

Fidelity Investments is a financial service provider that offers an online stock trading platform for its investors. In addition to low cost stock and options trading Fidelity also has investment management, retirement planning, and are the largest mutual fund company in the US. They also specialize in IRAs/Rollovers, CDs, Bonds, and 529 Plans.

Our Fidelity Investments review provides trade platform screenshots, detailed commissions information, and online broker ratings. Also discover how Fidelity Investments placed in the most recent StockBrokers.com 2012 Review of Online Brokers as well as the 2012 Barron’s Review of Online Brokers and 2011 SmartMoney Broker Review.

Commission Notes

Fidelity requires no minimum deposit to open an account. To trade mutual funds a $2,500 minimum deposit is needed and for margin trading a $5,000 minimum deposit is required.

Stock Trades: Online trades are $7.95. Fidelity applies a very straight forward flat-fee based commissions structure without any catches or fine print notes. There are no limits on total trade size or price. Furthermore our research found no additional fees or charges for trading stocks under $1 or trading during pre and post market hours.

Fidelity offers 30 iShares ETFs commission free. There are no fees for selling one of these ETFs within 30 days of purchase.

Options Trades: Options trades cost $7.95 + $.75 per contract. Any exercise and assignment is $7.95.

Mutual Funds: Through the Fidelity FundsNetwork investors have access to over 4,900 mutual funds. While Fidelity does offer No Transaction Fee (NTF) funds, mutual fund transactions are otherwise pricey at $75 per order. Broker assisted funds purchases are also expense costing .75% of the total principal amount, $100 minimum up to $250 maximum.

Fidelity was reviewed by StockBrokers.com on 2012-02-27 with an overall rating of 4 Stars.

Trading Platform

Fidelity Active Trader Pro

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