Fidelity Rated 3/5

Fidelity Guide - Read our In Depth 2024 Fidelity Review

This detailed Fidelity review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex trading, CFD trading, Social trading, Share Dealing.

Learn more about Fidelity.

Benefits of Trading with Fidelity

Fidelity Review 2024 Quick Summary
💰 Min Deposit 100
👱‍♂️ Used By 10,000 Fidelity users and traders
📆 Founded 2008
🌍 HQ USA
👮‍♂️ Regulation Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC)
🚫 Excluded Countries Fidelity is not available in the following countries :

Open Fidelity's Website

Your capital is at risk

Learn more about IC Markets.
learn more Learn more about IC Markets.
Losses can exceed deposits

What is Fidelity?

Fidelity are a worldwide financial trading platform and broker. founded in 2008

Over 16 years later Fidelity now serves over 10,000 retail investors Forex trading, CFD trading, Social trading, and Share Dealing trading.

Fidelity are a global broker. Fidelity have a head office in USA.

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this Fidelity review and assess how well the Fidelity platform functions in its role as an international multi asset trading platform for traders in 2024.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like Fidelity. Choosing or shortlisting a trading platform like Fidelity can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like Fidelity.

As a result, selecting the right trading platform like Fidelity requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like Fidelity available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like Fidelity requires thorough due diligence and careful consideration. Some Fidelity trading features can be complex when trading on mobile or using the Fidelity online trading platform. Beginners and inexperienced traders must take the time to learn how to use the Fidelity trading tools properly. In our review of Fidelity we explain the pros and cons. What Fidelity offer, countries Fidelity are available in. Who Fidelity are regulated by and more.

Fidelity Review Screenshot

When it comes to online trading with brokers like Fidelity, carefully review Fidelity as your broker can make or break your success. Choosing the right broker is essential to ensure your Fidelity investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your Fidelity review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of Fidelity. You must also ensure the Fidelity broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, Fidelity needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with Fidelity into easily digestible information in this Fidelity review. We want to ensure you have all the knowledge necessary to use the Fidelity trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with Fidelity are the key to successful trading, so we've provided this detailed Fidelity review. So, take a seat, grab a cup of coffee, and dive in to learn about Fidelity and how it can benefit you or if Fidelity is not for you.

Online investing with Fidelity can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with Fidelity, evaluating the Fidelity platform is important. Evaluation includes researching the Fidelity management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with Fidelity. That's why it's essential to understand the Fidelity company policies and practices before making any investment decisions. By doing your due diligence and understanding Fidelity platform, you can make informed investment choices that align with your financial goals. So take the time to research Fidelity thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this Fidelity review you need to determine if Fidelity is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to Fidelity, so you can make a more informed decision and compare other brokers against Fidelity.

If you want to look at some Fidelity alternatives that might better fit your needs, we list and compare some of the best Fidelity alternatives further down this Fidelity review.

Trading online with Fidelity requires an understanding of what you are doing. It can be challenging and requires significant research and understanding of the Fidelity trading tools and features. You must know what you are doing when trading with Fidelity. That's why we've compiled this detailed Fidelity review with some important information that will hopefully make you more informed when online trading with Fidelity.

Fidelity Review Table of Contents

Fidelity review
Fidelity is a Multi-Assets Trading Platform with over 98+ Assets

Learn more about Fidelity. Fidelity is a multi asset platform with 98+ tradable Assets. Assets available on Fidelity include Forex trading, CFD trading, Social trading, Share Dealing.

Fidelity trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex trading, CFD trading, Social trading, Share Dealing are considered financial assets.

Features of Fidelity

Fidelity review
What you should know

Fidelity offer four ways to trade: Forex trading, CFD trading, Social trading, Share Dealing. The assets and products available to you on the Fidelity trading platform depends on the region of the world, you are in and the Fidelity entity you have an account.

With Fidelity you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with Fidelity platform.

Fidelity are able to accommodate various levels of traders whether you are experienced or a beginner.

Are Fidelity safe?

When considering Fidelity for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as Fidelity, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2008, and in operation for 16 years Fidelity have a head office in USA.

Fidelity is regulated. This means Fidelity are supervised by and is checked for conduct by the Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) regulatory bodies.

Fidelity withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like Fidelity are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. Fidelity are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of Fidelity and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. Fidelity has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, Fidelity will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like Fidelity, you can enjoy peace of mind and focus on your trading activities. If Fidelity violate any regulatory rules their regulated status could be stripped.

Your capital is at risk

Is my money safe with Fidelity?

All payments made to Fidelity by traders are securely held in a segregated bank account.

Fidelity uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should Fidelity use them?

Fidelity partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their Fidelity clients' funds.

Fidelity clients can have greater confidence in their financial security when working with a Tier 1 bank because Fidelity are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in Fidelity deposited in a Tier 1 bank?

Depositing funds with Fidelity ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if Fidelity were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that Fidelity is a secure and safe platform.

Please be aware that trading in financial assets with Fidelity carries a risk of loss. Fidelity trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, CFD trading, Social trading, Share Dealing due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

Fidelity emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about Fidelity, let's closely examine its features.

To better understand the Fidelity trading platform, you can create two separate accounts - one with real money and the other a Fidelity demo account. A Fidelity demo account provides a risk-free environment for experimenting with the Fidelity platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in Fidelity trading decisions.

Open a demo account Visit Fidelity

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How Fidelity as a Company Compare Against Other Brokers

Broker fidelity IC Markets Roboforex eToro
Year Established 2008 2007 2009 2007
Head Office USA Australia Belize Cyprus, UK
Regulation Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Used By 10,000+ Fidelity users 180,000+ IC Markets users 1,000,000+ Roboforex users 30,000,000+ eToro users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit Fidelity Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 51% of retail investor accounts lose money when trading CFDs with this provider.

Fidelity review
Fidelity Pros and Cons

What we like about Fidelity

  • Used by over 10,000 Fidelity users and traders
  • Established in 2008
  • Regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC)
  • Min. deposit from $100

What we don't like about Fidelity

Fidelity review
Fidelity Regulation and Licensing in more detail

Fidelity is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of Fidelity going into insolvency. Fidelity compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like Fidelity to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for Fidelity traders.

Fidelity is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like Fidelity you should be sure they're legitimate online agent.

Is Fidelity Global?

Yes, Fidelity is global as Fidelity is available in over 194 countries.

Fidelity is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries Fidelity covers include the UK, Germany, South Africa, Thailand, China and Australia. Fidelity has a total of more than 10,000 users.

Fidelity review
Fidelity Fees Explained

  • Fidelity withdrawal fees varies on payment method
  • Fidelity does charge a fee for inactive accounts.
  • Fidelity does 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

Broker fidelity IC Markets Roboforex eToro
Min Deposit 100 200 10 100
Withdrawal Fees varies No Yes Yes
Inactivity Fees No No Yes
Deposit Fees Varies No No
CFD Commission Fees Yes No Yes

Fidelity Minimum Deposit

Fidelity requires a minimum deposit of 100 GBP/USD/EUR when opening an Fidelity trading account.

A minimum deposit is the minimum amount of money required by Fidelity to open a new online brokerage account with them.

Don't be scared off by brokers like Fidelity charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

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

The fees for withdrawing funds from your Fidelity account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your Fidelity withdrawal request is important.

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 Debit Cards, Bank Wires, Credit cards, Electronic wallets (eWallets), PayPal.

Fidelity Inactivity Fees

Fidelity does 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 do charge deposit fees.

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
What can you trade with Fidelity?

It's essential to note that the trading instruments offered under the Fidelity brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the Fidelity trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

You can trade a wide variety of instruments with Fidelity over 98 instruments in fact.

If you want to trade currency pairs on global Forex markets, Fidelity offer over currency pairs.

Fidelity Compared To Other Brokers

Compare Fidelity with IC Markets and Roboforex below.

Your capital is at risk

How Fidelity Trading Options Compare Against Other Brokers

Broker fidelity IC Markets Roboforex eToro
Instruments Available 98 2250 100 5000
Platforms iPad®, iPhone®, Android™, or Windows Phone 8 device,website,Trader Pro® MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 61 35 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies (availability subject to regulation) No Yes No Yes
Commodity CFDs        
Commodities Offered 0 20 21 31
Metals No Yes Yes Yes
Energies No Yes No Yes
Agricultural No Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 2100 0 2042
UK Shares No Yes Yes Yes
US Shares Yes Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit Fidelity
Your capital is at risk
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
51% of retail investor accounts lose money when trading CFDs with this provider.

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 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 Debit Cards
  • Fidelity accepts Bank Wires
  • Fidelity accepts Credit cards
  • Fidelity accepts Electronic wallets (eWallets)
  • Fidelity accepts PayPal
Broker fidelity IC Markets Roboforex eToro
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes No Yes
Skrill No Yes Yes Yes
Payoneer No No Yes No
Neteller No Yes Yes Yes

*please note available Fidelity and other broker payment methods depend on the clients country of residence.

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 10,000 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.

Fidelity, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like Fidelity can be useful for traders starting or with limited capital.

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

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

Broker fidelity IC Markets Roboforex eToro
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian
Learn More Visit Fidelity Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 51% of retail investor accounts lose money when trading CFDs with this provider.

What you will need to open an account with Fidelity

As Fidelity is regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC).

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 June 12, 2024.

Is Fidelity A Good Broker?

We have spent over 5 years examining Fidelity in depth. Although we found some very useful aspects of the Fidelity platform that would be useful to some traders. We feel that a alternative to Fidelity may better suit you.

  • Fidelity have a good track record of offering Forex trading, CFD trading, Social trading, Share Dealing.
  • Fidelity has a history of over 16 years.
  • Fidelity has a reasonable sized customer support of at least 10.
  • Fidelity are regulated by the Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC). Fidelity is subject to strict regulatory oversight from its respective jurisdiction, which holds Fidelity (the broker) accountable for misconduct. This regulatory framework helps ensure that Fidelity operates fairly and transparently and provides Fidelity customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and Fidelity.
  • Fidelity have regulation from reputable regulators.
  • One of the advantages of using Fidelity is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from Fidelity are particularly important as Fidelity traders want to receive their money quickly. With the efficient Fidelity payment processing system, traders can enjoy faster access to their Fidelity funds.
  • Fidelity have an international presence in multiple countries. Including local Fidelity seminars and training.
  • Fidelity can hire people from various locations in the world who can better communicate in your local language.

Fidelity Risk Disclosure

Your capital is at risk

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

Fidelity not quite right?

If after reading this Fidelity review, Fidelity does not fulfill your needs check out these Fidelity Alternatives.

Click here to view the best Fidelity Alternatives

We have spent years researching the best alternatives to Fidelity. Click the links below to learn more.

After extensive research over several years, we have compiled a list of the most effective Fidelity alternatives available today. If you are unsatisfied with Fidelity or want to explore other options, we recommend checking out our carefully curated list of highly-rated Fidelity alternatives. Follow the links below to learn more about these Fidelity broker alternatives and choose the one that best suits your trading needs.

Related Fidelity Vs Comparisons

Throughout our comprehensive Fidelity review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing Fidelity against other popular brokers in the industry, check out our Fidelity Vs pages. Our team has compiled a series of detailed Fidelity comparison articles, pitting the Fidelity platform against some of the best-rated Fidelity competitors in the market. Dive into our informative Fidelity Vs pages below to find out how Fidelity stacks up against other leading brokers.

Fidelity review
FIDELITY Frequently Asked Questions

Read our detailed Fidelity FAQ Section updated for 2024.

Can I try Fidelity?

Fidelity offer a demo account so you can try the Fidelity platform with virtual trading before you put down a payment. Virtual trading with Fidelity is zero risk. Learn more here

What funding methods do Fidelity accept?

Please note that the list of payment methods below depends on the Fidelity Entity and the client's Country of Residence.

Fidelity offer the following funding payment methods Debit Cards, Bank Wires, Credit cards, Electronic wallets (eWallets), PayPal, among other payment methods.
Learn more here

Your capital is at risk

Is Fidelity safe?

Fidelity have over 10,000 users. Fidelity are considered reliable as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC). Any payments funded to Fidelity accounts by traders are held in a segregated bank account. For added security,Fidelity use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with Fidelity is risky, and because the market is so volatile, losses could happen at any time. Do not invest with Fidelity unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Your capital is at risk

Is Fidelity trading good?

Fidelity is considered good and reputable to trade with Fidelity. Fidelity is used by over 10,000 traders and Fidelity users. Fidelity offers Forex trading, CFD trading, Social trading, and Share Dealing trading. Minimum deposit with Fidelity is 100.

Is Fidelity trading Legit?

Fidelity was founded in USA in 2008. Fidelity has been facilitating trade on the financial markets for over 16 years. Fidelity offers clients Forex trading, CFD trading, Social trading, and Share Dealing trading. All funds deposited to Fidelity are held in segregated bank accounts for security. Fidelity is regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) so can be considered legit.

Is Fidelity a good broker?

Fidelity allows Forex trading, CFD trading, Social trading, and Share Dealing trading. Fidelity is overseen by the top tier financial regulators Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) so can be considered a good broker.

Is Fidelity trustworthy broker?

Fidelity is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to Fidelity, money is in a segregated bank account that is separate from Fidelity company's funds. As a regulated broker, Fidelity cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by Fidelity. Instead, your Fidelity funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with Fidelity. Also Fidelity is regulated in its local jurisdictions including major financial regulators like Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC).

What is the minimum deposit for Fidelity?

The minimum deposit to trade with Fidelity is 100.

How long do Fidelity withdrawals take?

Withdrawing money from Fidelity processing time varies depending on the method but averages 1-5 days.

Is Fidelity regulated?

Fidelity is regulated by the Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC). Regulatory bodies conduct regular reviews and audits as part of Fidelity maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is Fidelity a market maker?

Fidelity is not a market maker. A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller is not lined up.

How can I start trading with Fidelity?

When opening a trading account with Fidelity, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on Fidelity trading platforms, you can follow the link provided below: Learn more about signing up with the Fidelity trading platform here. This will provide useful information and insights into the various trading platforms offered by Fidelity, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with Fidelity?

Yes your money is safe with Fidelity.

Overall, strict financial regulation is essential for ensuring that trading platforms like Fidelity operate fairly, transparently, and responsibly, which ultimately benefits all Fidelity stakeholders involved.

Trading platforms like Fidelity must have strict financial regulation for several reasons:

  • Protecting Fidelity Investors: Strict financial regulation ensures that investors who use the Fidelity trading platform are protected against fraudulent or unethical behavior by the Fidelity platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the Fidelity platform.
  • Maintaining Fidelity Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the Fidelity trading platform. Regulatory procedures reduce the likelihood of the Fidelity platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing Fidelity Transparency: Regulations require trading platforms like Fidelity to maintain detailed records and disclose Fidelity client information. Financial regulatory requirements enhances transparency and helps to build trust between the Fidelity platform and its investors.

Fidelity is regulated by the Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC). When selecting a broker such as Fidelity, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, Fidelity ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like Fidelity.

Is Fidelity a con?

Fidelity is regulated and well established, having been in business for over 16 years. Fidelity is not a con.

Can you make money with Fidelity?

Although traders have had great success with Fidelity, trading on the financial markets with Fidelity is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does Fidelity have fees?

Fidelity withdrawal fees vary on payment method.Fidelity does charge a fee for inactive accounts. Fidelity do charge deposit fees.

When was Fidelity founded?

Fidelity was founded in 2008.

How many people use Fidelity?

Fidelity is used by over 10,000 registered Fidelity users.

What is Fidelity Headquarters country?

Fidelity has its head quarters office in USA .

Does Fidelity offer negative balance protection?

Fidelity does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.

Does Fidelity offer guaranteed stop loss?

Fidelity does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Fidelity allow scalping?

Fidelity does not offer scalping.

Does Fidelity allow hedging?

Fidelity does not offer hedging.

Does Fidelity offer CFD trading?

Fidelity offers CFD trading.

Does Fidelity offer STP?

Fidelity does not offer STP trading.

How many people use Fidelity?

Fidelity is used by over 10000 Fidelity users and traders.

Is Fidelity an ECN broker?

Fidelity does not offer ECN trading.

Does Fidelity offer a demo account?

Fidelity offers a demo account.

Does Fidelity offer an Islamic account?

Fidelity offers an Islamic account.

What are the funding methods for Fidelity?

Please note that funding methods and options available with Fidelity can be found in the Fidelity Members area and depend on the Fidelity client’s country of residence. Please check your specific available payment methods on the Fidelity website. Fidelity accept the following funding methods : Debit Cards, Bank Wires, Credit cards, Electronic wallets (eWallets), PayPal.

Fidelity review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Fidelity brokerage firm useful.

This article was written by our financial editors, Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Fidelity review written by Mark Hansen of Comparebrokers.co