Fidelity Investment provides everything an excellent online stock broker should: no-cost trades, a broad selection of mutual funds and ETFs, cutting-edge tools and excellent customer service – making it one of our top picks.
Additionally, no commissions are charged when trading stocks, ETFs and options. Furthermore, some indexed funds require no minimum investment amount and their research services offer over 140 unique filters for exploring stocks, ETFs and options.
It offers a variety of services
Fidelity Investment offers an array of services, from individual retirement accounts (IRAs and 401(k) accounts) and 529 college savings plans to brokerage trading online and various mutual funds. Fidelity also offers research options and educational resources as well as low-cost or commission-free funds that may meet investors’ needs.
Their desktop platform offers an array of tools and data, such as real-time market news and a customizable screener with over 140 criteria; users can create watchlists. In addition, Zacks Investment Research and Standard & Poor’s research providers are among the many other third-party sources available through them.
The company allows clients to borrow stocks for short sales and shares the revenue with them, and offers a portfolio margining program which computes real-time margin based on risk. Furthermore, investment branch locations throughout the nation give investors peace of mind that any issues can be solved immediately in person rather than over the phone.
It offers a variety of products
Fidelity offers a comprehensive selection of account types, such as traditional and Roth IRAs, 529 college savings plans, health savings accounts, annuities, annuity contracts, retirement planning services and estate planning services. In addition, Fidelity boasts low trading fees on stocks, ETFs and options trading; no expense-ratio mutual funds; strong research materials including calculators and portfolio analysis tools; user-friendly screeners rich with data; as well as curation from sources such as Argus Investment Research and Zacks Investment Research.
The company offers an array of low-cost index funds designed to emulate benchmarks, making them more likely to produce greater returns than actively managed funds. Many have low expense ratios that further bolster returns; additionally, dividend reinvestment plans for all share classes as well as fractional shares are offered so investors can add them as core holdings in their portfolios.
It offers a variety of fees
Fidelity offers low trading commissions and an expansive selection of no-transaction-fee index funds as well as top-of-the-line research tools, in addition to offering unlimited 2% cash back when purchasing stocks and ETFs using its credit card. Fidelity also provides options trading which carries additional risk.
Fidelity offers superior order execution, using both smart order routing and Fidelity Dynamic Liquidity Management to find customers the best prices. Customers may also select their tax lot preference to maximize net gains when closing positions.
This company also offers an impressive variety of research tools, such as a screener, trade idea generators and access to fundamental data. However, their managed accounts require a high minimum investment requirement due to direct fees such as 12b-1 fees and wrap fee percentages in addition to indirect charges such as revenue sharing fees and sub-transfer agency charges – though these charges are easy to compare across brokers.
It offers a variety of tools
Fidelity provides investors and traders with an impressive array of tools, such as calculators for evaluating portfolios, trade ideas, and the probability of options trades ending in the money. Furthermore, Fidelity offers extensive educational content via articles, videos, webinars and more.
Active Trader Pro, their trading platform, allows clients to trade stocks, ETFs, mutual funds and bonds. Highly customizable to meet the needs of both novice and experienced investors alike; additionally it comes complete with mobile application.
Fidelity Investments provides an array of account types, from individual and workplace accounts, SEP IRA and solo 401(k) accounts, 529 education savings plans and health savings accounts. Furthermore, its selection of index funds offers zero expense ratios while trading execution is strong with proprietary smart order routing and Fidelity Dynamic Liquidity Management seeking the lowest prices available on customer orders. In addition, third-party research such as I/B/E/S from Refinitiv Integrity Research Associates ISS-EVA and Jefferson Research is also extensive.