- Excellent customer support and educational resources
- Low and competitive commissions and fees
- Selection of sophisticated trading platforms
- Vast array of investable products
- No demo accounts
- High minimum deposit and trading requirements
Fidelity Investments is a well-established brokerage for both retirement investors and active traders. The brokerage has a very strong emphasis on investor education and offers a wide array of investment services to help their clients succeed financially. Fidelity Investments has many years of experience as it was founded in 1946 and services over 1 million brokerage accounts, accounting for over $2 trillion in assets. The brokerage is headquartered in Boston Massachusetts and has 10 regional offices and over 190 investment centers within the United States. Fidelity also has a global presence across North America, Europe, Asia, and Australia. Fidelity Investments is registered and regulated by the Securities and Exchange Commission (SEC) and is a member of the New York Stock Exchange (NYSE). The brokerage has been awarded numerous awards for their services and they continue to excel in the areas of customer service and educational services. In this review we discuss what Fidelity brings to the table and what sets them apart from the numerous investment and trading brokerages in the space.
Fidelity Investments offers their traders two types of innovative trading platforms, Active Trader Pro and Wealth Lab Pro. Both platforms have downloadable desktop applications and the Active Trader Pro is web-based as well. One major downside to these platforms is that traders can only use them if they meet the minimum 36 trades in a 12 month period and maintain at least $25,000 in their account at all times. Therefore, Fidelity is focused on only providing professional level trading services to serious traders. See a quick overview of the two platforms below.
Active Trader Pro
The Active Trader Pro platform is the brokerages primary platform and is easy to use and well designed. The trading platform comes equipped with various tools and features including 166 charting indicators/studies, 22 drawing tools for charting analysis, 26 option chains, and 85 watch lists. The Active Trade Pro trading platform is also mobile friendly and fully optimized for iOS and Android mobile devices through a downloadable mobile application. The platform stays true to the overall design and has most of the trading features and tools. The mobile trading experience is fast and flawless which makes for a great trading experience while on the go.
Wealth Lan Pro
This platform is basically a strategy testing software that’s meant to be utilized by experienced and advanced traders. It allows traders to test multiple strategies and design their own strategies with or without code.
Fidelity Investments offers their clients a wide range of services and investment products through both retirement and non-retirement accounts. See below, an extensive list of the investment products offered by Fidelity Investments.
- Mutual funds
- Retirement and IRAs
- Fixed income
- Precious metals
- Sector investing
- Cash management and credit cards
- Managed accounts
- 529 college savings plans
- Life insurance and long-term care insurance
Fees and Commission
Fidelity Investments has very low and competitive commissions and fees. However, they vary depending on the account type and investment products being traded. All stocks and most ETFs trades are subject to a commission of $4.95 per trade, with the exception of their commission free ETFs (91 in total). 4000 of the mutual funds offered have no transaction fees, as for the 8505 other mutual funds, it costs traders $49.95 to buy them and $0 to sell them. Options trading fees include a $4.95 trading fee plus a $0.65 per contract fee. New bonds are free of charge, and secondary bonds incur a fee of $1.00 per bond. Compared to many other leading trading brokerages, Fidelity Investments offers very reasonable and competitive commissions and fees.
Security and Fairness
Fidelity Investments takes their customers security and privacy very seriously by implementing world-class security measures to protect their clients. Client funds are held in secure and segregated bank accounts and they are protected by asset protection programs set forth by the FDIC and SIPC. As well, customer accounts can be further secured with two factor authentication and Fidelity’s FidSafe online security storage. Also, the brokerage utilizes advanced encryption technology on all transmitted data and financial information. Fidelity is also licensed and regulated by the Securities and Exchange Commission (SEC), which helps to ensure the brokerages security, transparency and fairness.
One area that Fidelity Investments excels in, is their level of customer support. The support offered by Fidelity is some of the best support offered in the investment brokerage industry. Fidelity offers support through a virtual assistant that’s available 24/7, through email, postal mail, telephone, live chat, secure messaging, and in-person support at one of their numerous investment centers. The representatives can be contacted very easily and are quick to respond. Also, in addition to these methods of support, customers have access to a comprehensive FAQ page and an extensive research and education center. All in all, the customer support by Fidelity Investments is phenomenal.
Fidelity Investments is a top of the line trading brokerage that provides their customers with an extensive array of investment services across a wide range of tradeable assets. The brokerage is highly safe and secure as they are regulated and trusted by many. Fidelity offers their clients a selection of innovative trading platforms and provides them with superb customer service and support. All in all, Fidelity is a great brokerage for traders looking to competently invest in their future and learn and build their investment knowledge.
The following are the common questions that customers inquired about Fidelity.
Is Fidelity regulated?
Yes, it is regulated by the Securities and Exchange Commission (SEC).
Is Fidelity a scam?
No, Fidelity is a legit broker and it’s licensed in the US.
Where is Fidelity based?
Fidelity is based in the United States at 245 Summer Street V3B, Boston, MA 02210.