Fidelity Review 2025

Fidelity review
Fidelity Awards

Fidelity have won numerious industry awards over the 16 years they have been operating as a financial broker. We have listed the most notable awards and mentions for Fidelity below.

• Best New US Equity ETF - ETF - 2024
• #1 Overall Broker - Stockbrokers - 2023
• Most Trusted Wealth Management Company - Investor's Business Daily - 2023
• Best Online Broker for Beginning Investors - NerdWallet - 2023
• Best App for Investing - NerdWallet - 2023
• Rated #1 for Overall Broker - StockBrokers - 2023
• Best Online Brokers - Barron's - 2023
• Best Online Broker - Investopedia - 2023
• Best Broker for Low Costs - Investopedia - 2023
• Best Online Broker - Kiplinger - 2023
• Widest Investment Options
• Low Fees
• Best Savings Rates
• and Zero Investment Threshold - Lipper Fund Awards - 2024
• Best HSA Provider - Fidelity - 2019
• 2020
• 2021
• 2022
• 2023

Fidelity review
Fidelity Fees Explained

• Fidelity doesn't charge withdrawal fees.
• Fidelity does not charge a fee for inactive accounts.
• Fidelity doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from Fidelity are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

Fidelity Costs To Check

Modern brokers like Fidelity provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Fidelity may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Fidelity trading profitability.

How Fidelity Fees Compare Against Other Brokers

Fidelity Minimum Deposit

Fidelity does not require a minimum deposit when opening an Fidelity trading account.

In the trading world, brokers like Fidelity, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

Fidelity Withdrawal Fees

Fidelity doesn't charge withdrawal fees.

Fidelity Withdrawal rules may vary across different brokers when it comes to transferring funds from your Fidelity or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with Fidelity may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the Fidelity withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Fidelity. Researching and comparing Fidelity withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Fidelity funds frequently or dealing with large sums of money. Awareness of these Fidelity fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Fidelity funds.

For example, Fidelity allows you to withdraw your funds to Electronic Funds Transfer (EFT), Wire Transfer, Mobile Check Deposit, Account Transfer, Venmo, PayPal, Debit Cards, VISA, MasterCard.

Fidelity Inactivity Fees

Fidelity does not charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Fidelity terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all Fidelity fees and services. It's recommended that you check the Fidelity website before signing up. If you decide to close your Fidelity account, it's important to do so with the Fidelity broker customer support and obtain confirmation that no remaining Fidelity fees are due.

Brokers like Fidelity must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

Fidelity Deposit Fees

Fidelity does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

Fidelity Commission Fees

Fidelity does charge commission on CFD instruments.

Brokerage firms like Fidelity may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Fidelity trading account level held by the trader.

Fidelity may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Fidelity terms and conditions to understand the commission fees and any other charges that may apply is essential.

Fidelity review
Trading on Fidelity web platforms and other applications

Fidelity provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.

Fidelity also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See Fidelity's platforms

Is the Fidelity Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the Fidelity trading platform to protect you on PC and mobile Fidelity platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Fidelity web trading platforms.

Fidelity Trading Platform Options

Fidelity does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

Fidelity offers its custom trading platform developed and tested in-house. The Fidelity trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.

The Fidelity platform allows traders to filter the financial marketplace for trade opportunities that match criteria.

With Fidelity, you can examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the Fidelity platform, including news and quotes. Discover possible trades with the strong charting tools found with Fidelity. Fidelity is available as downloadable applications or online through the cloud. Monitor your orders with Fidelity and receive breaking news in your positions.

Fidelity Trading benefits

• Fidelity Low min deposit

Fidelity Trading Accounts Offered

Below we give an overview of the account types that Fidelity offer. Whatever you are looking to trade, the varying Fidelity account types will be able to provide you with what you need.

• Fidelity Demo account
• Fidelity ECN account
• Fidelity Managed account
• Fidelity Islamic account

Can I try Fidelity?

Fidelity provides a demo account that enables individuals to explore trading before investing their funds. By creating a Fidelity practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Fidelity demo account can help individuals to make informed decisions before investing their money.

Open a demo Fidelity account to practice and trade.

Your capital is at risk

Fidelity withdrawal and funding methods

It's essential to remember that the payment methods provided by Fidelity vary based on the Fidelity entity and the Fidelity client's country of residence. To view the Fidelity payment options available, you can log into your Fidelity member's area.

Fidelity offers various funding payment methods listed in your Fidelity dashboard if available in your region. To learn more about the Fidelity funding and withdrawal options available in your area, you can explore the Fidelity website.

Fidelity provides several payment methods for funding your Fidelity account. You may utilize any of these deposit options if they are available in your region. Fidelity ensures that users have multiple payment methods to choose from, making it more convenient for verified Fidelity account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the Fidelity user's location. learn more about Fidelity funding and withdrawal methods.

Fidelity Payment Methods

Some Fidelity payment methods are local and are available only to specific regions. Fidelity account holders should check which payment methods are provided in your region.

• Fidelity accepts Electronic Funds Transfer (EFT)
• Fidelity accepts Wire Transfer
• Fidelity accepts Mobile Check Deposit
• Fidelity accepts Account Transfer
• Fidelity accepts Venmo
• Fidelity accepts PayPal
• Fidelity accepts Debit Cards
• Fidelity accepts VISA
• Fidelity accepts MasterCard

How can I start trading with Fidelity?

To open a trading account with Fidelity, individuals can sign up on the Fidelity website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for Fidelity account validation and making a deposit. Once completed, Fidelity users can download the trading platform of their choice.

It's important to note that Fidelity requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Fidelity maintain a trustworthy financial environment for its 44,200,000 users. Detailed information on the Fidelity trading platforms is available on their website.

Your capital is at risk

Performing trades with Fidelity

When using Fidelity, the minimum trade size is typically $4.95 units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. Fidelity have a max trade of varies. By offering ECN execution, Fidelity provides traders with tighter spreads and increased transparency regarding trade pricing. It's worth noting that ECN accounts typically come with a commission fee and tend to be favoured by traders who use high-volume strategies, such as scalpers and those utilizing automated trading.

Like other brokers, Fidelity margin requirements can differ depending on the traded instrument.

CFD Trading on Fidelity

We will show you an example of the basics of using Fidelity leverage.

CFD trading on Fidelity allows traders to speculate on the price movements of various financial instruments against the broker Fidelity, without actually owning real assets. With CFDs, Fidelity traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

Fidelity provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, Fidelity leverage profits and losses are magnified when trading. For instance, using CFDs, you use the Fidelity trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, Fidelity leverage magnifies both profits and losses in trading.

Trading CFD trades on the Fidelity platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced Fidelity traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk

Education Resources at Fidelity

Fidelity offer educational resources which include Video Tutorials, Articles on the Forex Market. Please bear in mind that these resources provided by Fidelity do not guarantee any results when trading. When we checked on the Fidelity website, these educational resources were not available in every language. Also some financial instruments mentioned in any Fidelity educational resources may not be available in your region.

To trade effectively with Fidelity, it's important to have a good understanding of the Fidelity trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with Fidelity and externally.

Fidelity . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Fidelity. Familiarizing yourself with the Fidelity trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using Fidelity. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with Fidelity involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like Fidelity, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with Fidelity. Explore the Fidelity platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Fidelity, before live trading.

Customer Support at Fidelity

As part of our Fidelity review, we review customer service options, response times and problem resolution effectiveness on the Fidelity trading platform. The Fidelity trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

Fidelity Available Support Types

Based on our experience, we have given Fidelity a D grade for customer support. We encountered some slow response times or Fidelity queries that were left unanswered.

Compared to other brokers, Fidelity offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.

email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Fidelity

Our team tested the live chat support of Fidelity and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all.

In addition, we tested Fidelity support services in various countries and languages and found that Fidelity were able to effectively resolve our customer issues.

Email Support at Fidelity

We tested the email support of Fidelity by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any Fidelity response.

The Fidelity team did resolve and answer our queries, but the email support from Fidelity was overall average compared to other brokers we have tested.

Phone Support at Fidelity

We contacted Fidelity via phone and received quick assistance within 10 minutes of our call.

The Fidelity phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by Fidelity and found that they could assist us in various languages.

While we found the Fidelity phone support satisfactory, there is room for improvement in response time.

See how Fidelity Support Compares Against Other Brokers

What you will need to open an account with Fidelity

As Fidelity is regulated by Financial Industry Regulatory Authority (FINRA) (CRD#: 7784), Securities and Exchange Commission (SEC) (SEC#: 8-23292), Commodity Futures Trading Commission (CFTC) (NFA ID: 0308076) through National Futures Association (NFA) registration.

As a new client of Fidelity, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Fidelity in your region. During the Fidelity account opening process, you will be asked to provide Fidelity with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with Fidelity have the following documents available.

• Fidelity require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for Fidelity compliance. This must be dated within the last six months.
• If you plan to fund your Fidelity account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the Fidelity platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under Fidelity Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring Fidelity's platform.

However, remember that you won't be able to make trades on Fidelity until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the Fidelity KYC compliance process as soon as possible to avoid any delays in accessing the Fidelity platform's features.

It is important to note that Fidelity may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Fidelity platform and features immediately. However, you must pass the verification process to start live trading with Fidelity, which can take up to a few business days.

To start the process of opening an account with Fidelity you can visit the Fidelity trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.fidelity.com/ on November 18, 2024.

Watch this Fidelity Explainer Video

Fidelity review written by Andrew Blumer and Mark Hansen