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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. To access Fidelity's Active Trader Pro platform, at least 36 or more qualified trades in a rolling 12-month period.

Stock Trades: Online trades are $4.95. Broker assisted trades cost $32.95. There are no limits on total trade size or price. Furthermore, there are no additional fees for trading stocks under $1.

Fidelity also offers 91 commission free ETFs (21 Fidelity funds and 70 iShares funds). iShare funds that are purchased commission free and sold within 30 days of purchase are charged a Short-term trading fee of $4.95.

Options Trades: Options trades cost $4.95 + $.65 per contract. Any exercise or assignment is $4.95. Buy to close orders on options priced $0.10 or less are commission free. All options trades have a maximum charge of 5% of the principal amount.

Mutual Funds: Through Fidelity investors have access to over 13,000 different mutual funds. For No Transaction Fee (NTF) funds there is no charge to buy or sell; however, if the fund is sold within 60 days of purchase, a $49.95 short-term redemption fee is charged. Regular mutual fund trades are $49.95 per buy, $0 per sale.

Lastly, broker assisted mutual fund trades are expensive, costing .75% of the total principal amount with a $100 minimum up to a $250 maximum rate.

International Trading: International Trading allows Fidelity customers to trade stocks from 25 countries (16 different currencies) within their primary Fidelity account.

View full explanation of fees


Trade Commissions Breakdown

Feature Value
Minimum Deposit $0.00
Stock Trade Fee (per trade) $4.95
Stock Trade Fee (per share) N/A
ETF Trade Fee $4.95
Options Base Fee $4.95
Options Per Contract Fee $0.65
Options Exercise Fee $4.95
Options Assignment Fee $4.95
Mutual Fund Trade Fee $49.95
Broker Assisted Trades Fee $32.95

Margin Rates

Feature Value
Margin Rate Under $24,999.99 9.58%
Margin Rate $25,000.00 to $49,999.99 9.08%
Margin Rate $50,000.00 to $99,999.99 8.13%
Margin Rate $100,000.00 to $249,999.99 8.08%
Margin Rate $250,000.00 to $499,999.99 7.83%
Margin Rate $500,000.00 to $999,999.99 5.50%
Margin Rate Above $1,000,000.00 5.25%

Miscellaneous Fees

Feature Value
Bond Trade Fee $1 per bond
Treasury Trade Fee Varies
IRA Annual Fee $0.00
IRA Closure Fee $0.00
Returned ACH Fee $0.00
Returned Wire Fee $0.00
Stock Certificate Processing Fee $0.00
Stock Certificate Delivery Fee $100.00
Paper Statement Fee $0.00
Paper Confirmation Fee $0.00
Domestic Wire Fee $0.00
International Wire Fee $0.00

Account Features

Offering of Investments

Feature Value Definition
Advisor Services Yes Offers formal investment advisory services.
Bonds (Corporate) Yes Offers corporate bonds.
Bonds (Municipal) Yes Offers municipal bonds.
Bonds (US Treasury) Yes Offers US treasury bonds.
CDs Yes Offers certificates of deposit (CDs).
Clearing Firm National Financial (Fidelity) The broker's clearing firm.
Commission-Free ETFs 500
Direct Market Routing - Stocks Yes Ability to route stock orders directly to a specific exchange designated by the client.
Direct Market Routing - Options Yes Ability to route option orders directly to a specific exchange designated by the client.
DRIPs Yes Offers dividend reinvestment plans (DRIPs).
Forex Trading No Offers forex trading.
Futures Trading No Offers futures trading.
Member FINRA Yes Member of FINRA (Financial Industry Regulatory Authority) - finra.org.
Member SIPC Yes Member of SIPC (Securities Investor Protection Corporation) - sipc.org.
Mutual Funds Yes Offers mutual funds trading.
Mutual Funds (No Load) 4031 Total number of No Load mutual funds offered.
Mutual Funds (NTF) 4088 Total number of No Transaction Fee (NTF) mutual funds offered.
Mutual Funds (Total) 11782 Total number of mutual funds offered.
Mutual Funds Phone Trades Yes Can place mutual fund trades via phone.
Mutual Funds Web Trades Yes Can place mutual fund trades via the website or platform.
No Fee IRAs Yes Offers no fee IRAs. Requirement: no annual maintenance fee.
No Inactivity Fees Yes Charges no yearly inactivity fee for not placing a trade or not actively engaging in the account.
Options Exercising (Web) No Exercise an option via the website or platform.
Options Exercising (Phone) Yes Exercise an option via phone.
Options Trading Yes Offers options trading.
Options Trading (Weekly) Yes Offers weekly options.
OTCBB / Pink Sheets Yes Offers OTCBB / Pink Sheet stocks trading.
Stock Trading Yes Offers stock trading.
International Trading Yes Provides customers the ability to purchase shares of stock that trade on exchanges located outside of the United States. If you live overseas, please use this tool - https://www.stockbrokers.com/guides/internationaltrading.

Customer Service

Feature Value Definition
Phone Support Yes Offers phone support.
Email Support Yes Email support for clients.
Live Chat (Current Clients) Yes Live chat support for current clients.
Live Chat (Prospect Clients) Yes Live chat support for prospective clients.
24/7 Support Yes Is customer service offered 24 hours, 7 days a week?

Platforms & Tools

Feature Value Definition
Desktop Platform (Windows) Yes A downloadable, windows based desktop trading platform.
Desktop Platform (Mac) Yes A downloadable, Mac based desktop trading platform.
Web Platform Yes Offers a web (browser) based trading platform. Broker website does NOT count.
Active Trading Platform Active Trader Pro The flagship trading platform.
Two-Factor Authentication Login Yes Offers two-factor authentication (e.g. mobile code, security fob token generator, email code, or similar) Applies to WEBSITE client area login. Mobile apps (eg Touch ID) do NOT count.
Charting - Corporate Events Yes Can show or hide multiple corporate events on a stock chart. Examples: dividends, earnings, splits, news.
Charting - Historical Trades Yes The ability to see past buy and sells, typically marked with a buy or sell symbol, on the stock chart.
Charting - Indicators / Studies 166 The total number of indicators / studies available to be included on a stock chart. Examples: SMA, MACD, RSI.
Charting - Drawing Tools 22 The number of drawing tools available for analyzing a stock chart. Examples include: pointer, trendline, arrow, note.
Charting - Automated Analysis Yes Can show or hide automated technical analysis (patterns) on a chart. Service provider example: Recognia.
Charting - Trade Off Chart Yes The ability to pre-populate or execute a trade from the chart. Most commonly this is done by right clicking on the chart and selecting an order. Linking the user from the chart to an empty (non pre-populated) order form does NOT count.
Charting - Notes Yes Add notes to any stock chart.
Heat Mapping Yes Colored heat map view of a watch list, portfolio, or market index. Heat maps are a visual tool used to view gainers and losers.
Ladder Trading No A ladder tool provides active trading clients the ability to one click buy and sell equities off a real-time streaming window of fanned bids and asks.
Level 2 Quotes - Stocks Yes Level II stock quotes available.
Level 2 Quotes - Options Yes Level II options quotes available.
Option Chains - Streaming Yes Option chains with streaming real-time data.
Option Chains - Total Columns 26 Option chains total available columns for display. Duplicates do not count.
Option Chains - Greeks 5 When viewing an option chain, the total number of greeks that are available to be viewed as optional columns. Greeks = delta, gamma, theta, vega, rho.
Option Chains - Quick Analysis Yes The ability to jump straight from the option chain to a P&L chart or probability chart for deeper analysis. Viewing a summary P&L within the chain itself also qualifies.
Option Analysis - P&L Charts Yes When analyzing a theoretical option trade, a P&L chart is available.
Option Probability Analysis Yes A basic probability calculator.
Option Probability Analysis Adv Yes A tool to analyze a hypothetical option position. Displays a probability histogram / chart with optional customizations.
Option Positions - Greeks Yes View at least two different greeks for a currently open option position.
Option Positions - Greeks Streaming Yes View at least two different greeks for a currently open option position and have their values stream with real-time data.
Option Positions - Adv Analysis Yes Ability to analyze an active option position and change at least two of the three following conditions - date, stock price, volatility - and assess what happens to the value of the position.
Option Positions - Rolling Yes Ability to pre-populate a trade ticket and seamlessly roll an option position to the next relative expiration.
Option Positions - Grouping Yes Ability to group current option positions by the underlying strategy: covered call, vertical, etc. Can be done manually by user or automatically by the platform.
Short Locator Yes Tool that allows customers to view the current real-time availability of shares available to short by security.
Stock Alerts Delivery - Email Yes Stock alert optional delivery method: email.
Stock Alerts Delivery - Sound Yes Stock alert optional delivery method: sound.
Streaming Time & Sales Yes Streaming time & sales for any equity viewable.
Streaming TV Yes Offers live TV. Examples - CNBC, Bloomberg.
Trade Hot Keys Yes Ability to designate keyboard hotkeys for on the fly trading.
Trade Journal Yes Provides a trade journal for writing notes. All entries are dated, titled, and may be tagged with a specific stock ticker. Adding text notes to individual stock charts does NOT count.
Paper Trading No Offers the ability to use a paper (practice) portfolio to place trades.
Watch Lists - Streaming Yes Site or platform (only one needed) watch lists stream real-time quote data.
Watch Lists - Total Fields 91 Total available fields when viewing a watch list. Examples: price, symbol, bid, ask, volume.

Research

Feature Value Definition
Research - Stocks Yes Offers stock research. Full quote and research results must be available for 4 of the 5 following tickers: Facebook, Apple, Amazon, Netflix, Google.
Research - ETFs Yes Offers ETFs research. Full quote and research results must be available for 4 of the 5 following tickers: SPY, GLD, OIH, QID, FAZ.
Research - Mutual Funds Yes Offers mutual funds research. Full quote and research results must be available for 2 of the 3 following tickers: VTSAX, FCNTX, CAIBX.
Research - Pink Sheets / OTCBB Yes Offers pink sheet / OTCBB research. Full quote and research results must be available for 2 of the 3 following tickers: FNMA, IMBBY, NENE.
Research - Fixed Income Yes Offers fixed income research. Full quote and research results must be available for fixed income securities such as individual US Treasuries.
Research - Futures Yes Offers futures research. Full quote details must be available for 2 of the 3 following contracts: S&P 500 E-Mini, 10-Year T-Note, Crude Oil WTI.
Research - Forex No Offers forex research. Full quote details must be available for 2 of the 3 following pairs: EUR/USD, USD/JPY, GBP/USD.
Misc - Global Markets Overview Yes A featured quote summary of worldwide indices. Interactive chart optional. Must be via website or platform, mobile excluded as separate category.
Misc - Portfolio Allocation Yes Displays a pie graph or bullet list breakdown of the client's current portfolio including % allocations. Examples: domestic equities, foreign equities, bonds, cash, fixed income.
Misc - Portfolio Builder Yes A tool that asks hypothetical risk tolerance questions then assists clients with building a diversified portfolio of ETFs based on their answers.
Stock Research - Earnings Yes View analysis of past earnings. At least one chart / graph required. Examples: Consensus vs actual data, EPS growth, sales growth.
Stock Research - Insiders Yes View a list of recent insider transactions.
Stock Research - Metric Comp Yes View a multi-column table comparing fundamental and/or technical data of at least two stocks side by side. Note - Stocks included must be customizable, ie AAPL, BABA, DIS.
Stock Research - SEC Filings Yes View a list of recent SEC filings.
Stock Research - Social Yes View social sentiment analysis, eg twitter analysis (NOT just a stream of recent tweets), for individual equities.
Stock Research - ESG Yes Provides Environmental, Social, Governance (ESG) criteria scores.
Stock Research - Reports 12 Total number of downloadable PDF research report providers available for equities research (using symbol AAPL). Examples: S&P Capital IQ, Thomson Reuters, Ned Davis Research.
ETFs - Performance Analysis Yes The ability to view historical performance.
ETFs - Top 10 Holdings Yes A list of the ETF's top 10 holdings.
ETFs - Morningstar StyleMap Yes The infamous Morningstar Equity StyleMap which visually marks the ETF's investment strategy in one of nine boxes.
ETFs - Ratings Yes Are third party ratings available for the ETF SPY? Examples: Morningstar, Lippers.
ETFs - Reports Yes Are downloadable research reports available for the ETF SPY? Examples: Morningstar, S&P Capital IQ.
Mutual Funds - Fees Breakdown Yes A clear breakdown of the fund's fees beyond just the expense ratio. 12b-1, minimum investment, total fees estimate, all examples of a detailed breakdown.
Mutual Funds - Top 10 Holdings Yes A list of the fund's top 10 holdings.
Mutual Funds - Performance Analysis Yes The ability to view multi-year historical performance.
Mutual Funds - Prospectus Yes Access to the fund's prospectus in PDF format.
Mutual Funds - 3rd Party Ratings Yes Are 3rd party ratings available for the fund VTSMX? Examples: Morningstar, Lippers.
Mutual Funds - Reports No Are downloadable research reports available for the fund VTSMX? Examples: Morningstar, S&P Capital IQ.
Screener - Stocks Yes Offers a equities screener.
Screener - ETFs Yes Offers a ETF screener.
Screener - Mutual Funds Yes Offers a mutual fund screener.
Screener - Options Yes Offers a options screener. Commonly referred to as a spread creation tool or similar.
Screener - Bonds Yes Offers a bond screener. **Note - ETF bond screeners do NOT count.

Education

Feature Value Definition
Has Education - Stocks Yes Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being stocks. All content must be easily found within the website's Learning Center. Platform tutorials, FAQs, etc do NOT count.
Has Education - ETFs Yes Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being ETFs. All content must be easily found within the website's Learning Center. Platform tutorials, FAQs, etc do NOT count.
Has Education - Options Yes Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being options. All content must be easily found within the website's Learning Center. Platform tutorials, FAQs, etc do NOT count.
Has Education - Mutual Funds Yes Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being mutual funds. All content must be easily found within the website's Learning Center. Platform tutorials, FAQs, etc do NOT count.
Has Education - Fixed Income Yes Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being fixed income. All content must be easily found within the website's Learning Center. Platform tutorials, FAQs, etc do NOT count.
Has Education - Retirement Yes Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being retirement. Platform tutorials, FAQs, etc do NOT count.
Investor Dictionary Yes An online dictionary of at least 50 investing terms.
Webinars (Monthly Avg) 8 Total educational client webinars hosted, on average, each month.
Webinars (Archived) Yes Provides an archived area to search and watch previously recorded client webinars.
Live Seminars Yes Provides at least 10 live, face-to-face educational seminars for clients each year. Must be delivered by a broker staff member.
Videos Yes Are educational videos available? At least 10. A video is a short clip, typically several minutes in duration, that explains a trading concept, term, or strategy. Archived webinars and platform demos do NOT count.
Retirement Calculator Yes Offers a retirement calculator.
Progress Tracking Yes Clients can track their progress and see which articles and/or videos they've completed to date.
Interactive Learning - Quizzes Yes Quizzes offered within the education center. Must include multiple questions and score results. Example service provider - Morningstar, InvestingTeacher.com

Mobile Trading

Feature Value Definition
iPhone App Yes Offers a downloadable iPhone app through the iOS app store.
Apple Watch App Yes Offers a downloadable Apple Watch app through the iOS app store.
Android App Yes An Android smartphone app available in the Google Play store.
Touch / Face ID Yes Offers optional Touch ID security (fingerprint verification) for iOS mobile app. Account login most common integration.
Account Transfers Yes Ability to perform ACH deposits and withdrawals from the mobile App.
Quotes (Real-time) Yes Mobile app offers real-time quote data.
Quotes (Streaming) Yes Mobile app offers streaming (or auto refreshing) real-time stock quote results. More specifically, the quote screen must auto-refresh at least once every three seconds.
Watch List (Real-time) Yes Watch list in mobile app uses real-time quotes.
Watch List (Streaming) Yes Watch list in mobile app uses streaming real-time quotes. More specifically, the watch-list must auto-refresh at least once every three seconds.
Watch List Syncing Yes Watch list in mobile app syncs with client's online account. Updates made in the mobile app migrate to the online account and vice versa.
Market Movers (Top Gainers) Yes Stocks top gainers list viewable in the mobile app.
Custom Screening / Scanning No Mobile app supports custom screening for stocks, ETFs, mutual funds, and/or options. Must be customizable filters, not just predefined searches.
Charting - Stock Comparisons Yes Display multiple stock charts at once for performance comparison in the mobile app.
Charting - Drawing No Can markup stock charts using the mobile app. Examples include: trendlines, arrows, notes.
Charting - Technical Studies 7 How many technical studies / indicators are available to add to a stock chart in the mobile app.
Charting - After Hours Yes Stock charts in mobile app display after hours trade activity.
Stock Alerts - Basic Fields Yes Set basic stocks alerts in the mobile app. Examples: price alerts, volume alerts.
Stock Alerts - Advanced Fields Yes Set advanced stocks alerts in the mobile app. All studies (SMA, MACD, RSI, etc) are considered advanced fields.
Stock Alerts Delivery - Push Notifications Yes Optional smartphone push notifications for stock alerts in the mobile app.
Customizable Homescreen Yes Client dashboard customizable in the mobile app. Examples: Portfolio, watch lists, quotes, quick links.
Stream Live TV Yes Stream live TV in the mobile app. Examples - CNBC, Bloomberg.
Trading - Stocks Yes Stocks trades supported in the mobile app.
Trading - After-Hours Yes After-hours trading supported in the mobile app.
Trading - Conditional Orders No Conditional orders (Contingent, OTO, OCO, OTOCO, etc) supported in the mobile app.
Trading - Mutual Funds Yes Mutual fund trades supported in the mobile app.
Trading - Simple Options Yes Single-leg option trades supported in the mobile app.
Trading - Complex Options Yes Multi-legged option trades supported in the mobile app.
Trading - Option Rolling No Ability to pre-populate a trade ticket and seamlessly roll an option position to the next relative expiration in the mobile app.

Banking

Feature Value Definition
Member FDIC No Member of the FDIC (Federal Deposit Insurance Corporation) - fdic.gov.
Checking Accounts Yes Offers formal checking accounts and checking services. To qualify, checking services must be marketed on the website as a client service. Basic checking through the clearing firm does not count.
Savings Accounts Yes Offers savings accounts.
Debit Cards Yes Offers debit cards as part of a formal banking service.
Credit Cards Yes Offers credit cards.
Mortgage Loans No Offers mortgage loans.
Mobile Check Deposit Yes Check deposits can be made through the mobile app.
Online Bill Pay Yes Ability for clients to add and pay bills using the website.
Mobile Bill Pay Yes Ability for clients to add and pay bills using the mobile app.
ATM Fee Reimbursement Yes Are debit card ATM fees reimbursed?
No Fee Banking Yes Offers no fee banking. Requirements: no minimum balance required, no monthly maintenance fees, no debit card fees, no annual fees.
Retail Locations 197 Total retail locations. Company HQ or similar corporate offices do not count. Must be a formally branded, publicly accessible branch office marketed on the public website.

Fidelity Competitors

Select one or more of these brokers to compare against Fidelity.

All pricing data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

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