According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $0
- Fidelity Trader+
- Up to 1:1
- Fractional shares, wide selection of zero-fee funds, Fidelity Go robo-service
Our Evaluation of Fidelity
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Fidelity is one of the top brokers in the financial market with the TU Overall Score of 8.53 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Fidelity clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
How we tested Fidelity
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at Fidelity
Fidelity Investments is a major U.S. financial services company founded in 1946 by businessman and lawyer Edward Crosby Johnson II. The firm offers a broad range of services, including securities trading, access to mutual funds, ETFs, bonds, and fixed income annuities, as well as investment consulting and asset management. Fidelity has earned numerous industry awards and is consistently recognized as a leader in the online brokerage sector by publications such as Investor’s Business Daily, Kiplinger, Barron’s, and StockBrokers.com.
Fidelity Investments is regulated by the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Client assets are protected by the Securities Investor Protection Corporation (SIPC).
- Proprietary Fidelity Trader+ platform for active investors offering real-time data, advanced charting, and customizable layouts across web, desktop, and mobile devices.
- No brokerage fees on stock and ETF trades.
- Personalized investment planning with a 0.5% annual advisory fee based on assets under management.
- Fractional shares that allow investing small amounts by purchasing part of a security.
- High level of client protection through SIPC coverage and additional insurance.
- More than 3,000 mutual funds and ETFs, including Fidelity’s own zero-fee funds.
- No localization, as the platform and support are available only in English.
- No active bonus programs or referral rewards.
- Margin trading available only with an account balance of at least $2,000.
- No full-featured demo account.
TU Expert Verdict
Chief Analytics Officer
Fidelity provides access to trading stocks, ETFs, mutual funds, options, bonds, annuities, and fractional shares through its proprietary Trader+ platform, which is available across web, desktop, and mobile. The broker features a $0 minimum deposit for most accounts, zero-commission stock and ETF trades, and a wide choice of account types, including IRA and custodial options. Fidelity is regulated by the U.S. Securities and Exchange Commission and FINRA, with client assets protected by SIPC coverage up to $500,000. Additional features include Fidelity Go robo-advisory services, access to over 3,000 no-fee funds, and advanced trading tools.
A few disadvantages are the lack of full localization, as all platforms and customer support are in English, no demo account, absent bonus programs, and margin trading is exclusive to balances above $2,000. Fidelity may not be suitable for traders who require a multilingual platform, active promotional offers, or risk-free demo trading. It remains most appropriate for cost-conscious investors seeking broad market access and strong regulatory safeguards.
Fidelity Summary
Your capital is at risk. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial.
| 💻 Trading platform: | Fidelity Trader+ |
|---|---|
| 📊 Accounts: | Brokerage Account, Traditional IRA, Roth IRA, Rollover IRA, Custodial Account, 529 College Savings, Health Savings Account (HSA), Fidelity Go (robo-advisor), Fidelity Personalized Planning & Advice |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Bank transfer (ACH, wire), checks, automatic payroll transfers |
| 🚀 Minimum deposit: | $0 |
| ⚖️ Leverage: | Up to 1:1 |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | $1 |
| 💱 EUR/USD spread: | $0 for online stock and ETF trades; options $0.65 per contract |
| 🔧 Instruments: | Stocks, ETFs, mutual funds, options, bonds, annuities, fractional shares, commodity assets and futures via funds |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | N/A |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Proprietary brokerage system with Best Execution policy |
| ⭐ Trading features: | Fractional shares, wide selection of zero-fee funds, Fidelity Go robo-service |
| 🎁 Contests and bonuses: | No active bonuses at present |
Fidelity Investments offers traders and investors a wide selection of account types. Some instruments are commission-free, while others carry minimal fees that amount to only a fraction of a percent. The minimum deposit is $0 for most brokerage and retirement accounts. For Fidelity Go robo-advisory services, the minimum ranges from $10 to $25,000, depending on the selected service level. The broker does not charge withdrawal fees.
Fidelity Key Parameters Evaluation
Video Review of Fidelity
Trading Account Opening
To begin trading with Fidelity Investments, follow these steps:
Log in if you already have an account on the company’s website. If you are a new client, click the “Open an Account” button.
Carefully review the available account options and choose the one that best fits your strategy.
Complete the registration form, then download and install the Fidelity Trader+ platform to start trading.
Additional features of the Fidelity user account allow traders to:
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Use price charts and technical indicators.
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Perform fundamental analysis.
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Access real-time summaries of major economic events.
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Deposit and withdraw funds.
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Contact client support.
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View quotes of traded instruments.
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Place up to 50 orders simultaneously with buy or sell requests.
Is Fidelity Safe?
Fidelity Investments operates through licensed subsidiaries regulated by the SEC (U.S. Securities and Exchange Commission) and registered with FINRA (CRD#: 7784 / SEC#: 8-23292). In line with regulatory requirements, the company publishes service condition documents and risk disclosures on its official website.
Fidelity is a member of the Securities Investor Protection Corporation (SIPC), a U.S. nonprofit organization that safeguards client assets in the event of broker bankruptcy or insolvency. SIPC coverage extends up to $500,000 per client, including up to $250,000 for cash holdings.
Advantages
- SIPC guarantees fund recovery in case of bankruptcy.
- All main documents describing trading conditions are publicly available.
- Regulated under U.S. law.
Disadvantages
- Information on the broker’s website is intended only for U.S. citizens due to regulatory requirements.
- Foreign investors face difficulties as they must contact regional offices.
Commissions and Fees
Fidelity’s fees vary by instrument. Stock and ETF trades are commission-free, while options cost $0.65 per contract. Mutual fund commissions can reach $49.95 per trade, although more than 3,000 funds are available with no fees. U.S. Treasury purchases at auction are also commission-free. Margin lending is available at an annual rate of around 9%. The broker does not charge withdrawal fees.
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Traditional IRA | $0 | No |
| Rollover IRA | $0 | No |
| Roth IRA | $0 | No |
| Brokerage Account | $0 | No |
| Custodial Account | $0 | No |
| 529 Account | $0 | No |
| Fidelity Go | 0% up to $25,000 / 0.35% annually above $25,000 | No |
| Fidelity Personalized Planning & Advice | 0.50% annually | No |
Additional fees may apply for mutual funds with transaction charges, brokerage services for bonds and CDs on the secondary market, margin loan interest, foreign stock trades, and advisory services.
Account Types
Fidelity Investments offers eight account types, each designed to suit different investment goals and trading strategies.
Account types:
Most Fidelity accounts have no minimum deposit, and both account opening and servicing are free. Multiple accounts can be managed under a single profile, allowing clients to oversee retirement savings, investment portfolios, and education plans simultaneously.
Deposit and Withdrawal
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No withdrawal fees.
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No extra charges for ATM withdrawals in the U.S.
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Withdrawal requests can be submitted online anytime, but processing is only on business days.
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ACH transfers take 1–3 business days, and wire transfers usually within 1 day.
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Bank card withdrawals are not supported.
Investment Options
Clients can access mutual funds, ETFs, stocks, fixed-income securities (short- and long-term), and fractional shares. Fidelity also provides a calculator for estimating potential returns on fixed-income investments, which can be used for retirement planning.
Annuities as secure investments with guaranteed fixed or variable income
Fidelity provides several types of annuities, including fixed, variable, immediate, and deferred options. These products are designed for retirement savings with tax deferral until withdrawal. Minimum deposits vary by product. The variable Fidelity Personal Retirement Annuity starts at $10,000, many deferred fixed annuities begin at $5,000, and some immediate annuities start at $10,000. Terms depend on the product: fixed options usually range from 3 to 10 years, while variable or lifetime contracts have no fixed duration.
Features of annuities:
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Option to select payout start date.
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Some programs allow partial annual withdrawals without penalty (usually up to 10%).
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Deferred payouts can be reinvested.
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Fixed annuities guarantee income. Variable annuities depend on market dynamics.
This type of investment helps diversify risk, although capital return guarantees depend on the annuity type and the insurer’s financial stability. Investors can choose product terms and payout strategies after planning, and Fidelity specialists are available for consultation.
Fidelity partnership program
Fidelity offers the Refer Friends & Family program, which allows clients to invite others to open an account using a personal link or email invitation. The program does not provide monetary rewards for referrers or invitees. It serves as a marketing initiative to attract new clients rather than an earning opportunity.
Customer Support
Fidelity customer support is available 24/7.
Advantages
- 24/7 availability.
- Several contact methods.
Disadvantages
- Email responses may take several days.
Available communication methods:
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By phone.
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With an automated assistant via online chat.
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Through a request form on the website to receive investment consultation.
Support is available via the broker’s website and user account.
Contacts
| Foundation date | 2046 |
|---|---|
| Registration address | 245 Summer Street, Boston, MA 02210, USA |
| Regulation | SEC, FINRA |
| Official site | fidelity.com |
| Contacts |
800-343-3548
|
Education
Fidelity’s website includes an education center with resources on investing and trading. It offers webinars, articles, market analysis, video tutorials, and step-by-step guides, such as “How to Start Investing”.
All materials are free. However, some services (such as webinar registration or personalized recommendations) require a Fidelity user account.
Detailed review of Fidelity
Fidelity Investments is a major company with a strong reputation for reliability. An analysis of its account types and conditions shows that the broker is suitable for traders but primarily focused on investors. Clients with substantial capital benefit from low commissions. Fidelity also provides full access to service and instrument documentation on its official website.
Fidelity by the numbers:
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About 45,000 employees.
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484 funds under management.
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More than 75 years of market experience.
Fidelity Investments as a broker for large investors
Fidelity Investments enables clients to invest in low-fee funds and build portfolios using fractional shares. The broker offers a wide selection of fixed-income instruments with guaranteed returns on the initial investment amount. Clients have ongoing access to support and professional advisors, and multiple accounts can be managed simultaneously. The Fidelity Trader+ platform operates reliably and supports up to 50 simultaneous orders.
The broker’s website includes a section that categorizes investment funds by sector, such as energy, real estate, pharmaceuticals, IT, finance, consumer goods, and industry. Investors can plan their trading strategies in advance using Fidelity’s analytical resources and expert insights. All essential information is available around the clock in real time.
Useful Fidelity Investments services:
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Financial News & Guidance: Investment ideas, analytics, and recommendations from Fidelity experts, plus personal finance resources.
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Education Center: Covers market trends and offers analysis on personal finance, investment products, and trading strategies.
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Notebook: An app for clients to record, track, and store investment ideas across devices. It also provides updated information on prices, earnings, and dividends.
Advantages:
No initial deposit.
Commission-free trading for U.S. stocks and ETFs.
24/7 customer support.
Transparent access to trading conditions.
Wide variety of investment programs.
Reliable regulation.
No restrictions on investment strategies. Both self-directed trading and professional support are available.
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