With a whopping $6.9 trillion in assets under management, Fidelity is one of the countryâ€™s largest broker-dealers. That kind of size and power may seem like a detriment to some, but Fidelityâ€™s focus on investor value, long-term planning, and fair and transparent pricing makes the Boston-based giant one of the industryâ€™s more likable brands.
Fidelity offers an extensive array of investment products, including hundreds of proprietary mutual funds, index funds and exchange-traded funds (ETFs), and access to thousands of competitor fund investments. Its brokerage platform lets you trade international stocks, stock options and shares of initial public offerings. The firm also offers margin accounts and short selling capabilities for sophisticated investors. There is investing guidance available when you need it as well as 24-hour support. The best part? Lately, Fidelity has been on a mission to reduce the fees and expenses associated with being an investor.
With much to offer, Fidelity is a great fit for many investor types. Beginner investors will appreciate the amount of guidance Fidelity offers to help you set a goal, create an investment strategy, and understand the benefits and risks of different asset classes. Once youâ€™re ready to invest, Fidelity offers mutual funds with no minimum investment and no fees as well as no-fee brokerage accounts.
For index fund investors, Fidelity has four funds with 0% expense ratios and a roster of offerings that beat even low-fee giant Vanguard on price. Trading stocks or ETFs on the regular? Fidelity has low-cost trades, access to tons of research and a great platform for active traders. One company study found that even Fidelityâ€™s bond prices are more competitive, saving investors an average of $14.55 per bond.
Get up to 500 free trades for two years when you fund an eligible account. The number of free trades is determined by the size of your deposit.
|Stock trading fees||
|Account fees (annual, transfer, inactivity)||
|Commission-free ETFs offered|
|Mutual funds (no transaction fee) offered|
|Offers automated portfolio/robo-advisor|
|Ease of use|
|Mobile app||iOS, Android, Fire OS|
|Customer support||Phone, 24/7 live support, Chat, Email, 190 branch locations|
Fidelity uses sophisticated technology to safeguard client accounts and transactions. Accounts at Fidelity are encrypted with two-factor identification, requiring an extra step of replying to a text message when it comes to sensitive transactions. Voice recognition technology is used to authenticate your identity over the phone. Fidelityâ€™s systems are under 24/7 surveillance, from security at local branches to monitoring transactions for identity theft and protecting Fidelityâ€™s website with the industryâ€™s strongest firewalls.
Fidelity accounts also are FDIC-insured for up to $250,000 and SIPC-insured for up to $500,000 per account.
To be a successful investor, it helps to have the right tools. It also helps to understand exactly what youâ€™re paying for so you donâ€™t lose too much of your investment earnings to commissions and fees. Fidelity provides both to investors, which is meaningful for a company thatâ€™s been around for more than 70 years.