Fidelity Online Brokerage Review

Fidelity Investments is well known among investors and traders. Fidelity is considered as a full service broker. It has more than 15 million brokerage accounts & $1.5 trillion of client assets as of July 1, 2015. Fidelity provides variety of product & service offerings. It offers investment guidance and retirement services.

Fidelity Brokerage Profile

• Products: Stocks, bonds, mutual funds, annuities, insurance, commercial paper, CDs, IPOs, precious metals, managed portfolios
• Stock Orders: $7.95 per trade
• ETF Orders: $7.95 per trade
• Limit Orders: $7.95 per trade
• Phone FAST Orders: $12.95 per trade
• Broker Assisted: $32.95 per trade
• ishares ETFs Orders: $0.00 for iShares & Fidelity ETFs
• Mutual Funds: $0.00 for Fidelity & NTF funds. Non-NTF: $49.95.
• Options: $7.95/trade+$0.75/contract
• Minimum to Open: $2500
• Inactivity Fee: $0.00
• Some Other Fees: Tender Fee: $38.00.
• Maximum Margin Rate: Based on proprietary base rate.

Commissions & Fees

Fidelity uses a simple, flat-fee trading commission structure. Stock trades are $7.95 per trade, and option trades run at $7.95, plus $.75 per contract. These types of commissions are similar to those found at TD Ameritrade, ETRADE, Charles Schwab, and
Scottrade.

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Fidelity also has low margin rates for large assets. Broker assisted trades fee is $32.95 per trade. The mutual fund trade fee is $49.95 for non-NTF fund. You can buy Fidelity mutual funds and non-transaction fee fund for free.

Free ETFs

Fidelity offers 84 commission-free ETFs. The list has been growing up from 76 in 2014. This broker has still better offerings than others such as ETRADE, TD Ameritrade, and Charles Schwab.

Pros:

• Fidelity is known to provide great new mobile app.
• The commission fee is better than other online broker.
• You may find a large array of educational resources for financial and retirement planning.

 Cons:

• You need high initial funding to open an account.

Popular Fidelity Mutual Funds:

• Fidelity Contrafund (FCNTX)
• Fidelity Low-Priced Stock Fund (FLPSX)