Fidelity Investment Services Offers Online Trading, ETFs, Mutual Funds, IRAs and Retirement
Fidelity Investment Services is an online trading brokerage offering investment solutions to help you find your way, whatever your destination.
Fidelity Investment Services Brokerage Review
Equity Trades: | $7.95 |
Mutual Funds: | $75.00 |
Options Base Fee: | $7.95 |
Options Per Contract: | $0.75 |
Broker Assisted Trades: | $32.95 |
Minimum Deposit: | $2500.00 |
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Fidelity investment services is a top-notch online brokerage that is a perfect combination of competitive prices and great features. If you are interested in online stock trading, then fidelity is the solution for you. The research of Fidelity is very impressive and it offers quite reliable services and it is a good platform to start out with if you are new in the online stock trading world.
Fidelity offers trade fees that are at a flat rate of $7.95 and also face to face support depending on the location that you are in. For those investors who do not rely on online live support chat systems or emails or even phone calls to clear their doubts and answer their queries, Fidelity is very perfect because you can simply walk into the local office and get your questions answered. Although it does not offer any kind of virtual trading tool or Forex trading, it is still quite a popular choice. Fidelity has made it to the list of top ten online brokerages in the world.
The minimum amount required to open an account with Fidelity investment services is $2500. Although it may seem like a lot considering other online brokerages do not require an minimum account balance, but it is worth it in the long run because one can benefit a lot from the future trading of stocks, options, mutual funds, bonds and investments.
Fees & Commissions
The commission structure of Fidelity investment services may work against you or for you depending on how often you invest and how much you invest. Fidelity's commission structure is three-tiered: gold, silver and bronze. The clients who chose the gold option has to pay $7.95 per order while the clients who chose the silver option pay $10.95 and the bronze clients have to pay $19.95 for each order. If you are trading in option then the normal commission rate would be chargeable and along with that an additional $0.75 is chargeable for each contract.
Investments Offered
Fidelity offers a selection of different investment products such as commercial paper, options, stocks, mutual funds, bonds and ETFs (Exchange Traded Funds). Other than this, fixed income investments like mortgage-backed securities, CDs, bonds and purchasing of precious metals are also available. It also offers the 529 education plan.
Trading Technology
The presence of a search box speaks volumes about the quality of a website because without it, it would be quite hard to navigate one's way or search for a particular content. Fidelity understands this and its website has a fully functional search box where you can type anything and immediately a massive list of resources or articles would be displayed at your service after scanning the entire site by the keyword you which you have typed in. The website also has tabs that are very well labeled right at the top for easy navigation around the programs' numerous sections.
The investors of Fidelity investment services are given access to a number of useful and very practical tools in order to make the trading process easier. The investors of Fidelity are also allowed to customize their desktop using quotes, graphs, charts and automated trading. Excellent service and useful educational material are also offered. Not only this, you can also catch the latest breaking news stories with Fidelity as well as read analyst research reports, information or articles on various topics like taxes, retirements, etc. If you want more in-depth information then you should visit one of the live seminars or workshops at any investment centers or Fidelity's offices, whichever one is closer to your locality.
Customer Service
There are 103 support centers or investment centers of Fidelity that are located nationwide. This gives a personal touch to customer services, and this is what makes Fidelity unique. When you visit these support centers, you will be warmly welcomed and invited to attend seminars or talk to an advisor in person.
If you are not found of dropping by the brick and mortar office because time is of the essence to you then you can also use their online help features such as a FAQs (Frequently Asked Questions) page, documentation or even virtual tours. Phone, instant messaging or email can also be used if preferred.
Current Offer
Trade for $7.95 all the time. All online U.S. equity trades. Unlimited number of shares and trades. Buy the most iShares ETFs with no commissions or short-term trading fees.
Advantages/Customers like
- The largest broker with $1.9 trillion in brokerage assets under custody.
- Strong offering of 3rd party research (largest selection).
- Comprehensive product offering.
- Extra services for banking, retirement, etc.
- Low-cost Fidelity mutual funds.
Disadvantages/Customers don't like
- Minimum of 36 trades per year to get the top platform.
- Options trading tools are limited.
- Extremely high commission on non-Fidelity mutual funds.
- High margin rates.
Written by: Goran Dolenc
What Is Your Experience With Fidelity Investment Services?
How Others Rate Fidelity Investment Services?
Here is how the most trustworthy external sources rate this broker. Best rating is marked with 5 orange stars, worst rating is marked with 5 grey stars, and if any feature is not rated you will see white stars with grey border.
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