Fidelity Review: A Guide to Investment Options and Fees

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Introduction:

Investing your money is an important decision, and choosing the right brokerage firm can make all the difference. Fidelity Investments, one of the largest brokerage firms in the world, offers a wide range of investment options and services to help you achieve your financial goals. In this Fidelity review, we’ll take an in-depth look at their investment options, fees, trading platform, customer service, account security, and more, to help you determine if Fidelity is the right fit for your investment needs.

About Fidelity:

Fidelity Investments is a multinational financial services corporation headquartered in Boston, Massachusetts. The company was founded in 1946 by Edward C. Johnson II and has since grown to become one of the largest brokerage firms in the world. Fidelity has over 35 million individual customers and manages over $8.3 trillion in customer assets.

Fidelity’s mission is to help people live the lives they want by providing the tools and guidance to help them achieve their financial goals. The company is committed to offering a wide range of investment options and services, as well as excellent customer support, to help investors achieve their goals.

Investment Options:

Fidelity offers a wide range of investment options to suit the needs of different investors. Here’s a closer look at each investment option:

Stocks:

Fidelity offers access to stocks from all major exchanges, including NYSE, NASDAQ, and AMEX. Some of the features of Fidelity’s stock trading platform include:

  • $0 commission for online trades on U.S. listed stocks
  • Advanced trading tools and research
  • Real-time market data and news
  • Access to IPOs and secondary offerings

Bonds:

Fidelity offers a range of fixed-income securities, including government and corporate bonds. Some of the features of Fidelity’s bond trading platform include:

  • $1 per bond for online trades
  • Access to new issue bonds and CDs
  • Tools to help you choose the right bonds for your portfolio

Mutual Funds:

Fidelity offers over 10,000 mutual funds, including their own proprietary funds. Some of the features of Fidelity’s mutual fund trading platform include:

  • No transaction fee for Fidelity mutual funds
  • Access to funds from other fund families
  • Tools to help you choose the right funds for your portfolio

Exchange-Traded Funds (ETFs):

Fidelity offers commission-free trading on over 500 ETFs. Some of the features of Fidelity’s ETF trading platform include:

  • Access to a wide range of ETFs from different fund families
  • Commission-free trading on over 500 ETFs
  • Advanced trading tools and research

Options Trading:

Fidelity offers options trading for both novice and experienced investors. Some of the features of Fidelity’s options trading platform include:

  • $0.65 per contract, with a $0 minimum per trade
  • Advanced trading tools and research
  • Access to options strategies and trading ideas

Cryptocurrency:

Fidelity offers access to Bitcoin, Ethereum, and other digital assets. Some of the features of Fidelity’s cryptocurrency trading platform include:

  • Low minimum investment requirements
  • Secure storage of digital assets
  • Real-time market data and news

Account Types:

Fidelity offers a range of account types, including brokerage accounts, retirement accounts, education savings accounts, and managed accounts. Here’s a closer look at each account type:

Brokerage Accounts:

Fidelity’s brokerage accounts are designed for active investors who want to manage their own portfolios. Some of the features of Fidelity’s brokerage accounts include:

  • Access to a wide range of investment options
  • No annual account fees or minimum account balance requirements
  • Advanced trading tools

Retirement Accounts:

Fidelity offers several types of retirement accounts, including traditional and Roth IRAs, SEP IRAs, and SIMPLE IRAs. Some of the features of Fidelity’s retirement accounts include:

  • Tax-advantaged savings options
  • Access to a wide range of investment options
  • Tools to help you plan for retirement

Education Savings Accounts:

Fidelity offers several types of education savings accounts, including 529 college savings plans and custodial accounts. Some of the features of Fidelity’s education savings accounts include:

  • Tax-advantaged savings options
  • Tools to help you plan for education expenses
  • Access to a wide range of investment options

Managed Accounts:

Fidelity’s managed accounts are designed for investors who want professional management of their portfolios. Some of the features of Fidelity’s managed accounts include:

  • Access to a team of professional money managers
  • Personalized investment strategies based on your goals and risk tolerance
  • Regular portfolio monitoring and rebalancing

Fees:

Fidelity’s fees are generally lower than other major brokerage firms, making it an attractive option for cost-conscious investors. Here’s a breakdown of Fidelity’s fees:

  • Stocks: $0 commission for online trades on U.S. listed stocks
  • Options: $0.65 per contract, with a $0 minimum per trade
  • Mutual Funds: No transaction fee for Fidelity mutual funds, while non-Fidelity mutual funds may have transaction fees ranging from $4.95 to $49.95
  • ETFs: Fidelity offers commission-free trading on over 500 ETFs
  • Bonds: $1 per bond for online trades

It’s worth noting that some fees may apply depending on your account type and trading activity.

Investment Research Tools:

Fidelity offers a range of investment research tools to help you make informed investment decisions. Here’s a look at some of the tools available:

  • Stock research: Access to real-time market data and news, company profiles, and analyst ratings
  • Mutual fund research: Tools to help you compare and analyze mutual funds, including performance data and risk metrics
  • ETF research: Tools to help you compare and analyze ETFs, including performance data and expense ratios
  • Bond research: Access to a wide range of fixed-income securities, including government and corporate bonds

Trading Platform:

Fidelity’s trading platform is user-friendly and offers advanced trading tools to help investors make informed decisions. Some of the features of Fidelity’s trading platform include:

  • Real-time market data and news
  • Advanced charting tools
  • Customizable watchlists
  • Access to IPOs and secondary offerings

Customer Service:

Fidelity’s customer service is known for being excellent, with quick response times and helpful representatives. You can contact Fidelity’s customer service team via phone, email, or online chat.

Account Security:

Fidelity takes account security seriously and offers several measures to help protect your investments, including:

  • Two-factor authentication
  • Fraud monitoring
  • Secure messaging

FAQs:

  1. Is Fidelity a good brokerage firm for beginners?

Yes, Fidelity is a good brokerage firm for beginners as it offers a user-friendly trading platform and a wide range of investment options.

  1. What is the minimum investment required to open an account with Fidelity?

The minimum investment required to open an account with Fidelity varies depending on the account type. For a brokerage account, there is no minimum investment required.

  1. Does Fidelity offer any promotions or bonuses for new customers?

Fidelity does offer promotions and bonuses for new customers from time to time. Be sure to check their website or contact their customer service team for the latest offers.

  1. What is Fidelity’s mobile app like?

Fidelity’s mobile app is user-friendly and offers many of the same features as their desktop trading platform, including real-time market data and news, advanced charting tools, and customizable watchlists.

  1. Can I trade cryptocurrencies with Fidelity?

Yes, Fidelity offers access to Bitcoin, Ethereum, and other digital assets.

Competitors:

Fidelity has several competitors in the brokerage industry, including:

Charles Schwab

Charles Schwab is one of the largest brokerage firms in the world, with over $4.4 trillion in assets under management. Like Fidelity, Charles Schwab offers a wide range of investment options and services, including stocks, bonds, mutual funds, ETFs, and more. Charles Schwab also offers a user-friendly trading platform and excellent customer service. However, their fees may be slightly higher than Fidelity’s in some cases.

E*TRADE

ETRADE is another popular brokerage firm that offers a wide range of investment options and services. Like Fidelity, ETRADE offers a user-friendly trading platform and excellent customer service. However, E*TRADE‘s fees may be higher than Fidelity’s in some cases, and they may not offer as many investment options as Fidelity.

TD Ameritrade

TD Ameritrade is a well-respected brokerage firm that offers a wide range of investment options and services. Like Fidelity, TD Ameritrade offers a user-friendly trading platform and excellent customer service. However, their fees may be slightly higher than Fidelity’s in some cases, and they may not offer as many investment options as Fidelity.

Robinhood

Robinhood is a newer brokerage firm that has gained popularity in recent years, especially among younger investors. Robinhood offers commission-free trading on stocks, options, ETFs, and cryptocurrencies, which may make them an attractive option for cost-conscious investors. However, Robinhood may not offer as many investment options as Fidelity, and their customer service may not be as robust.

When comparing these brokerage firms, it’s important to consider your specific investment needs and goals. Fidelity may be a good fit for investors who are looking for a wide range of investment options at a lower cost, as well as excellent customer service and a user-friendly trading platform. However, if you’re looking for commission-free trading or a specific investment option that Fidelity doesn’t offer, you may want to consider one of their competitors.

Conclusion:

Fidelity is a well-respected brokerage firm that offers a wide range of investment options and services. Their fees are generally lower than other major brokerage firms, making them an attractive option for cost-conscious investors. Their trading platform is user-friendly and offers advanced trading tools, and their customer service is known for being excellent. If you’re looking for a brokerage firm to help you achieve your financial goals, Fidelity is definitely worth considering.

Thank you for reading our Fidelity review! If you’re interested in reading more brokerage reviews, be sure to check out our other reviews on top brokers such as Charles Schwab, E*TRADE, TD Ameritrade, Ally Invest, Vanguard and Robinhood. These reviews can provide valuable insights and help you make informed investment decisions.

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