BEST DISCOUNT BROKER - Fidelity Review

Photo: Pininterest

Recommended for investors and traders looking for solid research and great trading platforms

Fidelity is a US stockbroker founded in the year 1946. It is regulated by top-tier authorities like the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Fidelity is considered safe because it has a long track record and is regulated by top-tier financial authorities.

Best broker for ESG

Fidelity was selected as Best broker for ESG for 2021, based on an in-depth analysis of 70+ online brokers that included testing their live accounts.

Photo: brokerchooser

Fidelity pros and cons

Fidelity provides commission-free US stocks and ETFs. In addition, it offers plenty of high-quality research tools, including trading ideas, detailed fundamental data and charting. The web trading platform is easy to use, and offers advanced order types. You can also trade with international, not just US stocks.

On the negative side, some mutual funds have high fees and the margin rates are also higher. The account's verification is a bit slow and in some cases, the account opening is not fully digital. Lastly, the live chat speed could be improved.

Pros

• Commission-free US stocks and ETFs
• Great trading platforms and research
• US and international stocks

Cons

• High mutual fund fees and margin rates
• Slower account verification
• Slow live chat

Account opening

Opening an account at Fidelity is easy and there is no minimum deposit. You can also choose among many account types. However, account verification is a bit slow.

Pros

• No minimum deposit
• User-friendly
• Many account types

Cons

• Slower account verification
• Not fully digital in some cases

Deposit and Withdrawals

Fidelity offers an exceptionally wide range of base currencies. On the negative side, credit/debit cards are not accepted.

Pros

• Free withdrawal
• No deposit fee
• Several account base currencies

Cons

• Credit/Debit card not available

Fidelity main features and highlights:

🗺️ Country of regulation - USA

💰 Trading fees class - Low

💰 Inactivity fee charged - No

💰 Withdrawal fee amount - $0

💰 Minimum deposit - $0

🕖 Time to open an account - 1-3 days

💳 Deposit with bank card - Not available

👛 Depositing with electronic wallet - Available

💱 Number of base currencies supported - 16

🎮 Demo account provided - Yes

🛍️ Products offered - Stock, ETF, Fund, Bond, Options, Robo-advisory

Reprinted from brokerchooser, the copyright all reserved by the original author.