Fidelity trading fees are rated as low. It has straightforward and Transparent Pricing. The firm is committing to lowering the cost of investing for investors. It is considered safe because is regulated by top-tier financial authorities and has a long track record.
Fidelity offers industry-leading value with no minimums to open a retail brokerage account and no account fees. It simplifies its efforts with commission-free pricing and a very easy-to-use platform.
Fidelity has low non-trading fees and low trading fees. The great part is that it also has zero commission fees for stock trading. On the other side financing rates fees for a few mutual funds are often high.
Pros and Cons of Fidelity Investments
Pros
- Commission-free pricing for Stock fees and ETF fees
- 0% expense ratio mutual funds
- Low trading fees
- low non-trading fees
- Low minimum deposit
Cons
- High financing rates
- High margin rates
- Credit/Debit cards not available
- High mutual fund fees
Brokerage Account
Fidelity offers a free health savings account product, and in that account, you usually have access to all or any of the best funds and investment options you would expect from Fidelity. Plus, you can combine this with their cash management account and make spending on Fidelity a snap.
Non-trading Fees
Deposit Fees
The minimum deposit is $0 with Fedelity. However, the minimum deposit can be much more if you choose to trade on margin or prefer portfolios investments.
| Deposit fees | Trading preferences | Minimum deposit | Maximum deposit |
|---|---|---|---|
| $0 | Basic account | $0 | $250,000 |
| $0 | Margin account | $2,000 | $250,000 |
| $0 | Day trading | $25,000 | $250,000 |
| $0 | Managed Account | $50 | $250,000 |
Withdrawal fees
Fidelity charges no withdrawal fees for most withdrawal methods. The great part is that you can choose account currency from 16 base currencies. This will help you with currency charges if you choose you country base currency.
| Withdrawal fee | Withdrawal method | Minimum withdrawal | Maximum withdrawal | Waiting Period |
|---|---|---|---|---|
| $10 | Wire Transfer | $10 | $100,000 | Same business day |
| $0 | Bank Transfer | $10 | $100,000 | 2 business days |
| $0 | Electronic wallets | $10 | $100,000 | 3 – 5 business days |
Final Verdict
For serious investors trying to find maximum online versatility, Fidelity offers a good range of advantages which will work for those trying to find the simplest rates, free commissions, research wealth, a solid level of customer service, and tools for point that do the work .
Overall, they supply great service for those that want simplicity, discounted business-specific rates, mobile accessibility, and in-depth research. They are by far the simplest for future investors, but short term traders can find deficits.