Fidelity review 2019

Is Fidelity a good broker?

Fidelity offers a variety of trading instruments to beginner and advanced traders. It comes with low commissions and solid research options. But to earn the promotion, you need to deposit a large amount of money.

Fee

Account minimum

Promotion

$4.95
$0
300 commission-free trading when you deposit $50,000 or more

Fidelity lets you trade with low commission compared to similar brokers. This can be ideal for day traders. However, all kinds of traders are accepted. You can choose multiple account types, including retirement accounts and IRA accounts. And to help you with trading decisions, Fidelity gives you access to market-leading research providers, such as Ned Davis, Thomson Reuters and McLean Capital Management. The options analysis software LiveVol is also available if you trade options.

What kind of trading platforms does Fidelity offer?

Fidelity offers the Active Trader Pro platform for personal computers. But you can also trade online if you don't want to install the platform, or on the go through a mobile app.

Standout features

  • No account minimum. You can deposit as little as $100 and enjoy the benefits and research offered by Fidelity.
  • Low commission. Stock trading costs $4.95 per trade.
  • Promotion. Deposit $50,000 or more and get 300 commission-free trades.
  • Education and research. Get access to research from Ned Davis, Thomson Reuters and McLean Capital Management.
  • Vast investment choices. You can trade stocks, options, mutual funds, ETFs, Bonds, CDs, commodities, and you can make international investments in the same derivatives.
  • Multiple account choices. You can open a rollover IRA, Roth IRA, Roth IRA for kids, traditional IRA, brokerage account, cash management account and more. Some of the accounts can be opened as joint accounts.

Watch out

  • High commission on broker-assisted trades. If you want your broker to assist you, you'll pay a $32.95 fee.

What can I trade with Fidelity?

  • Stocks
  • Options
  • ETFs
  • Mutual funds
  • Commodities
  • Bonds and CDs

How do I signup with Fidelity?

  1. Go to Fidelity website and click Open an Account.
  2. Chose an account from the offered options.
  3. Fill out the application form.
  4. Review your information and submit.

Bottom line

Fidelity can be an excellent choice for beginners and advanced traders. It offers a vast choice of trading accounts, including a number of IRA accounts and you get access to market-leading research. If you trade often, you get low commissions on stock trading. But if you're looking for a promotion on signup, be ready to deposit $50,000 or more.