Fidelity Investments Review: Pros and Cons
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- Stock trade fee
- $0
- Minimum deposit
- $0
Our verdict
Discover commission-free trades, no expense-ratio index funds and powerful research tools for all types of investors.
Consider Fidelity Investments if you want a low-cost, all-inclusive broker with modern perks and big broker-level resources and trading tools. Invest in stocks, ETFs, options, crypto and more, with access to third-party research, analyst ratings and research, fundamental and technical analysis tools, a dedicated trading platform for active traders and more. Fidelity is the winner of Finder's 2024 Investing Customer Satisfaction Award. Look elsewhere if you're a futures or forex trader or want access to paper trading.
Best for: Beginner to advanced traders and investors who want modern broker perks with the premium research, tools and resources of a big broker.
Pros
-
$0 commissions for online US stock, ETF and option trades
-
Impressive lineup of investment options, including crypto
-
Fractional shares as low as $1
-
Industry-low fees
-
Robo-advisor
-
Premium research tools and third-party reports
Cons
-
Active Trader Pro felt slow and laggy at times
-
No company financials, analyst reports or price targets on the mobile app
Fidelity Investments at a glance
| Feature | Rating | Details |
|---|---|---|
| Investment options | ★★★★★ |
|
| Trading costs | ★★★★★ | Zero commission stock, equity option and ETF trades, with average margin rates and $0.65 per-contract fees for equity options. |
| Account fees | ★★★★★ | No annual fees, inactivity fees or outgoing account transfer fee |
| Account types and minimums | ★★★★★ |
|
| Trading platforms and technology | ★★★★★ |
|
| Features and amenities | ★★★★★ |
|
| Customer support | ★★★★★ | Contact Fidelity customer support by live chat and phone, with 24/7 availability. |
| Mobile app | ★★★★★ | Google Play app reviews: 4.1/5 stars based on over 213,000 reviews Apple App Store app reviews: 4.8/5 stars based on over 3.08 million reviews |
| Cash sweep rates | ★★★★★ | Earn up to 3.35% APY with the Fidelity Government Money Market Fund |
To learn how our star ratings are calculated, read our methodology.
Who should choose Fidelity Investments?
Fidelity Investments is a practical option whether you’re a beginner, intermediate or experienced investor.
Its platform is user-friendly but feature-rich, giving beginner investors the tools and resources to learn and grow and those more experienced a powerful platform to flex their trading and investing muscles.
Not to mention Fidelity’s fees are among the most competitive in the industry, which benefits every type of investor.
What we like about Fidelity Investments
Fidelity Investments is a downright broker powerhouse. From its vast collection of investments and extensive list of account types to its industry-low fees, powerful trading platform and prompt customer support, individuals shouldn’t hesitate to give Fidelity Investments a try.
As the biggest broker in the US with over 40 million individual investors and over $11 trillion in assets under administration, Fidelity’s platform is as all-inclusive as a broker can get.(1)
It offers:
- Modern trading features like fractional shares
- A user-friendly but well-equipped mobile app
- A no-cost robo-advisor, Fidelity Go, for portfolios under $25,000
- A wide range of investment options, from stocks and ETFs to cryptocurrency, precious metals and even international investments
- High-quality financial planning resources
- Comprehensive research and advanced trading tools
Where Fidelity Investments falls short
Fidelity Investments is one of the only big brokers to offer direct trading in crypto and you can buy crypto on Fidelity with as little as $1, but there are some limitations. Primarily, you can only trade Bitcoin and Ethereum. So while we commend Fidelity for bringing crypto trading to its customers, some may find its offerings limited.
Second, while Fidelity’s Active Trader Pro offers a dedicated desktop trading platform with powerful trading tools and a high level of customization, there were several instances of hesitations when navigating through its different windows and sections. This could be an issue for traders who rely on a responsive platform for quick decisions.
Fidelity Investments’ trading platforms and tools
Whether you’re using Fidelity’s mobile trading app, web platform or professional-grade desktop trading platform, you should find that all Fidelity’s platforms are easy to navigate and that you can hit the ground running with your trading and investing. And if you need or want resources to help you familiarize yourself with Fidelity’s platforms, its webinars and tutorials are just a click away.
Here are some of the tools you can use to trade with on Fidelity Investments:
- Screeners
- Technical events from Recognia
- Stock analysis and valuation from Trefis
- Social Sentiment Score to learn about social media trends
- Equity Summary Score by StarMine from Refinitiv, which gives you stock ratings from top independent analysts consolidated into a single score
- Free, independent research from third-party providers
- Real-time Analytics, which helps you identify potential trade opportunities
- Trade Armor, which lets you explore potential profit and loss scenarios and entry or exit strategies using trades, alerts, and notes
Fidelity Investments web platform
Trading on the Fidelity Investments web platform puts all of Fidelity at your fingertips. All its planning and advice tools, news and educational resources and Fidelity’s most essential trading tools, which include advanced, interactive charts, premium research and top-quality analysis tools.
Fidelity’s web trading dashboard, called Trading Dashboard, is meant to provide essential trading tools and features for active web-based traders and includes the addition of light and dark modes.
Fidelity Investments mobile app
Track your portfolio, get streaming quotes and trade from Fidelity’s user-friendly mobile app. Research tools available on mobile include institutional ownership data, analyst ratings, Trefis valuation, social sentiment and more.
Active Trader Pro desktop platform
Active Trader Pro offers a dedicated, professional-level trading experience with powerful trading tools and a high level of customization. Choose from five prebuilt layouts or a custom layout that lets you personalize your platform, and employ all Fidelity’s most advanced trading tools.
Fidelity Investments’ fees
| Minimum deposit | $0 |
| Annual fee | $0 |
| Stock and ETF trade fees | $0 |
| Mutual fund trade fees |
|
| Options trade fees | $0.65 per-contract fee |
| Crypto trade fees | 1% spread reflected in the execution price |
| Inactivity fee | $0 |
| Domestic wire transfer | $0 |
| Outgoing account transfer fee | $0 |
| IRA closing fee | $0 |
| Mandatory and voluntary corporate reorganization | $0 |
| Margin rate (highest) | 11.825% |
Is Fidelity Investments legit?
Yes, Fidelity Investments is a legitimate broker and financial services company. Founded in 1946 and headquartered in Boston, Fidelity serves over 40 million individual investors and has over $11 trillion in assets under administration.
Fidelity Investments is registered with the US Securities and Exchange Commission (SEC) and is a member of both the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). As an SIPC member, customers’ securities and cash are protected up to $500,000, which includes up to $250,000 for cash, from fraud and bankruptcy.
The platform is also considered safe and secure. It uses encryption, firewalls and 24-hour system surveillance to protect customer data. Further safeguards include two-factor authentication, security questions, security text alerts and voice recognition account access.
Robinhood customer reviews and ratings
| BBB accredited | No |
|---|---|
| BBB rating | A+ |
| BBB customer reviews | 1.24 out of 5 stars, based on 208 customer reviews |
| Trustpilot score | 1.3 out of 5 stars, based on 1 customer reviews |
| Apple App Store Score | 4.8 out of 5 stars, based on 3,089,896 customer reviews |
| Google Play Score | 4.1 out of 5 stars, based on 213,000 customer reviews |
| Customer reviews verified as of | 07 May 2026 |
How to open an account with Fidelity Investments
- Go to Fidelity’s website.
- Select Open an account. Then, choose an account type and select Open now.
- Enter your full name and email address and choose Get started.
- Enter your personal information, including your name, Social Security number, date of birth, phone number and residential address. Select Next.
- Verify your account details and complete the application process by funding your account.
Eligibility and required information
- At least 18 years old
- Valid phone number and residential and email address
- Existing bank to fund your account
- Valid Social Security number
Compare Fidelity to other platforms
9.2 Excellent
Available asset types
Stocks, Bonds, Options, Mutual funds, ETFs, Cryptocurrency, Gold/Commodities, CDs, Treasury Bills
Minimum deposit
$0
Signup bonus
N/A
9 Excellent
Available asset types
Stocks, Options, Mutual funds, ETFs, Alternatives
Minimum deposit
$0
Signup bonus
Get up to $1,000 in stock
9 Excellent
Available asset types
Stocks, Bonds, Options, ETFs, Cryptocurrency, Treasury Bills, High-yield cash account
Minimum deposit
$0
Signup bonus
Earn a 1% match
Frequently asked questions
Sources
Matt Finder
Investments editor and market analyst
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