Stock Broker Review: Fidelity

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Introduction to Fidelity

Founded in 1946, Fidelity offers a wide variety of financial instruments along with special services for retirement and banking.

🏢 Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917

 

Fidelity Trading Services include:

1) Trading Stocks & Indices

2) Options trading (via dedicated platform)

3) Mutual Funds and ETFs

4) Fixed Income products and a wide variety of Bonds are available for trading

5) CDs trading

6) Plus Margin Loans

 

Client Protection:

Fidelity offers a Customer Protection Guarantee, which means they promise to reimburse traders for losses caused by unauthorized activity in covered accounts through no fault of the account holder.

 

Fidelity Available Account Types:

These are the main account types available on Fidelity:

1) Brokerage account (online trading of stocks, exchange-traded funds, mutual funds, bonds, and options, along with tools and research for investors)

2) Retirement (IRA) Accounts

3) Business Account (Comprehensive trading, mutual fund, and cash management features)

4) Managed Accounts

5) College saving account (529s and custodial accounts)

6) Cash Management Account (With all ATM fees reimbursed in the US, and deposits eligible for FDIC insurance coverage)

7) Charity Account

8) Life Insurance Account

9) Annuities

Fidelity Account Information

• $2,500 minimum deposit for a Cash or Retirement Account
• $5,000 minimum deposit for a Margin Account

 

 

Fidelity Fees & Commissions:

1) Stocks & Options Trading

Stocks and options trading starts at $4.95 / trade

2) Online Options Trading

Trade online options at $4.95 / trade $0.65 charge per contract

3) ETFs Trading

$4.95 per trade for all other ETFs

Other Fees:

• The maintenance fee can be avoided
• The Margin Rate is 5.50

Check all fees here: https://www.fidelity.com/why-fidelity/pricing-fees

 

Fidelity Platforms:

These are the trading platforms offered by Fidelity:

(1) ActiveTrader Pro for Options Trading

• Direct single and multi-leg options trades, build up to four-legged options strategies

• Build your option trades in 3 steps (Pick outlook, strategy, expiration, and strike price)

• Use strategy ideas to determine which strike price and expiration have performed best over the previous two years

• Key statistics and market sentiment tools

• Profit & Loss Calculators

(2) WebTrader

• Scan the market for opportunities (Custom Market Scanner)

• Key Statistics and Today’s Biggest Trades

• Probability and Profit & Loss strategy calculators

• Single or multi-leg options trade

(3) MobileTrader

• Apps for iPad, iPhone, Android, and Windows Phone 8 devices

• Track your account positions and preferred securities

• Real-time quotes for a single option or options chain to view them all

• Latest news and market views

 

Other Features:

1) A free education and online seminars

 

Fidelity Promotions (at the time of the review):

(1) Free Trades (up to 500 free trades for 2 years)

• For an account worth more than $50,000, Fidelity offers 300 free trades
• For an account worth more than $100,000, Fidelity offers 500 free trades

 

⚖️ FIDELITY REVIEW CONCLUSIONS
☑️ FIDELITY ADVANTAGES	❌ FIDELITY DISADVANTAGES
√ Stocks trading starts at $4.95 √ Easy to use trading platform offering free education and seminars √ RoboAdvisor and Wealth Management √ Customer Protection Guarantee √ Local branches √ Free trades (for those depositing more than $50K) √ A very wide variety of account types	X $2,500 minimum account X There is a limitation of options trading tools

 

🔗 Website: Visit Fidelity

 

■ Fidelity Stock Broker Review

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