![]() Other fees are among the lowest of those in our survey.įidelity does not receive payment from market makers for order flow of stock and ETF transactions. In contrast, borrowers pay only 4.00% for loans of $1 million or more.įee-conscious investors will appreciate the lack of fees for many services, such as: Fidelity margin borrowers will pay 8.33% to borrow less than $25,000. Interactive Brokers 2.6% average margin rate is the lowest. Broker-assisted and treasury trades cost a reasonable $19.95 per transaction.įidelity’s average margin rate falls in the middle of the pack at 6.94%. The $49.95 commission at purchase is a big bite, although redemptions are free.īond investors will appreciate the zero fee for new bond issue purchases while secondary issues cost one dollar. One thing to watch out for, however: Many non-Fidelity mutual funds are subject to commissions. It also offers a slate of mutual funds, including all Fidelity mutual funds, that trade fee-free with zero minimums so long as you own the funds for at least 60 days. ![]() The company offers four zero expense ratio, zero minimum investment index funds. When it comes to mutual funds, Fidelity competes head-to-head with low-fee pioneer Vanguard. Options trade for free, with a $0.65 per contract charge. Additionally, the platform is due for an aesthetic update as it appears a bit dated.įidelity’s zero-commission trading of stocks and ETFs is in line with the industry standard, but this brokerage platform stands out by offering zero-commission trading for over-the-counter (OTC) stocks as well. For instance, a sample portfolio, heavily weighted toward international stock funds and real estate, was deemed a diversified portfolio, despite the lack of diversified U.S. The few strikes against Fidelity include a portfolio analysis feature that misses the in-depth view needed for a truly accurate analysis. The quantifiable price savings on order execution make Fidelity a great choice for frequent traders.Īn expansive array of managed portfolios, with accompanying coaching and financial advisor guidance, is ideal for investors seeking both do-it-yourself tools and advisor-led guidance. ![]() Fidelity’s screeners, third-party research resources and portfolio analysis tools are deep while the downloadable Active Trader Pro has the tools stock and options traders need. Unique features place Fidelity Investments in the company of the very best online brokers. Fundamental and technical traders who need comprehensive research capabilities for stocks, exchange-traded funds ( ETFs) and fixed income will find everything they need on this platform. Fidelity is a great choice for beginner investors who are just getting started to sophisticated day traders. ![]()
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