Fidelity Investments review quick take: An online brokerage account for investors who want comprehensive research tools, commission-free trading, and robust educational resources.
What is Fidelity Investments?
Fidelity Investments online brokerage is a self-directed account for investors who want to trade stocks, ETFs, bonds, options, mutual funds, fractional shares, and more. The platform offers robust research capabilities, educational resources, and user-friendly interface that advanced traders can customize. There no account minimums and zero commissions for US stock trades.
The self-directed accounts available are:
- Individual
- Joint (for two owners)
- Custodial (for the benefit of a minor)
Brokerage services are offered by Fidelity Brokerage Services LLC, Member NYSE and SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash).
How Fidelity Brokerage Account Works
Fidelity online brokerage allows investors to open an account online, deposit funds, and start trading various securities. The platform offers multiple trading tools and resources, including real-time market data, advanced charting, and portfolio analysis tools. This is how it works:
- No account minimum to get started
- Wide range of investment choices
- Access to web, mobile, and advanced tools for active traders
Key Features
- $0 Commissions: For online US-listed stock, ETF, mutual fund, and options trades
- ETF choices: Includes 28 from Fidelity, 329 from iShares®, and 146 from additional industry leaders
- Stock slices: Dollar-based investing with fractional shares
- Hours: Extended-hours trading, before and after market hours
- Research and Analysis: Free, independent research from 20+ providers
- Educational Resources: Articles, videos, and tutorials to help users understand investing
- Customer Support: 24/7 access to experienced investment/trading consultants and 150 investor centers
Pros and Cons
Pros
- Zero commission trades
- Fractional shares
- Multiple platforms cater to different levels of trading expertise
- Access to extensive research and analytical tools
- Customer support options
Cons
- Higher fees for options trading
- Extensive tools and resources may be overwhelming for beginners
Fees
- Annual account fee: $0
- Trading fee: $0 commission for online US stock, ETF, and option trades
Note that other fees may apply.
Who is it best for?
Fidelity Investments’ online brokerage is best for investors who want to manage their portfolios actively or those seeking a reliable, full-service brokerage.
Fidelity Investments Review
Fidelity Investments is a legitimate service. It’s a competitive platform with zero-commission trades, advanced research tools, and flexible investment options like fractional shares. Its integration of high-quality educational resources and multiple trading platforms makes it a top choice for new and seasoned investors.
While options trading fees might be higher, the overall value and extensive features justify Fidelity’s reputation as a leading brokerage.
In researching Fidelity Investment reviews, we found that the online brokerage has a 4.8 out of 5-star rating in the App Store with over 4 million reviews. However, it receives a poor rating of 1.4 out of 5 stars from about 500 reviews on Trustpilot, with most sharing customer service issues relating to withdrawals from tax-advantaged accounts (which often are limited based on IRS regulations).
How to Start Using Fidelity Investments
Minimum Requirements
- Must be at least 18 years old
- Verifiable personal information
- Social security number
Step-by-Step to Open an Fidelity Brokerage Account
The time needed: 3 minutes.
- Getting started
- Download the app or visit the website.
- Select Self Directed Investing
- Submit your personal information, such as name, email, and password.
- Fund your account
- Add money to your new brokerage account.
- Choose your investments
- Start investing and build your portfolio.
Fidelity Investments Alternatives
Fidelity Investment alternatives include Webull, Robinhood, E-Trade, SoFi Active Investing, and Ally Self-directed Investing.
Find more online brokerages in the financial marketplace.
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