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  • Frequently asked questions
  • Your reviews
  • Ask a question
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Fidelity Investments review 2024

  • Matt Miczulski's headshot
Fidelity Investments
4.6
★★★★★
Finder score
4.5
★★★★★
Stock trade fee
$0
Minimum deposit
$0
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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

In this guide

  • Our verdict
  • Frequently asked questions
  • Your reviews
  • Ask a question

How we rate Fidelity Investments‘ features

Fees

★★★★

Commission-free stock and ETF trades, free robo-advisor for balances under $25,000 and minimal miscellaneous fees.
Available securities

★★★★★

Stocks, ETFs, mutual funds, options, cryptocurrency, bonds, CDs, precious metals, international investments.
Customer support

★★★★★

Reach customer support via phone, email or live chat with quick response times.
Mobile app

★★★★★

Fidelity Investments scores high on both the Apple App Store and Google Play store.
Research and tools

★★★★★

Premium research and analysis tools, analyst ratings, advanced charts and a comprehensive learning center.
Reliability

★★★★★

At least one major site outage has been reported.
Bonus star

We awarded a bonus star for offering access to precious metals.

To learn how our star ratings are calculated, read our methodology at the bottom of the page.

Fidelity Investments is best for all types of investors

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. Meanwhile, Fidelity’s fees are among the most competitive in the industry, placing best overall lowest cost brokerage accounts on the market, which benefits every type of investor.

What you can trade on Fidelity Investments

  • Stocks
  • ETFs
  • Mutual funds
  • Options
  • Cryptocurrency
  • Bonds
  • CDs
  • Precious metals
  • International investments

Account types available with Fidelity Investments

  • Individual brokerage
  • Joint
  • Managed
  • Traditional, Roth, rollover, inherited, SEP and SIMPLE IRAs
  • 401(k)
  • Self-employed 401(k)
  • Custodial
  • 529 education
  • Youth brokerage
  • Roth IRA for kids
  • Estate and trust accounts

Where Fidelity Investments shines

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 and a no-cost robo-advisor, Fidelity Go, for portfolios under $25,000. Its investment options range from stocks and ETFs to cryptocurrency, precious metals and even international investments. Meanwhile, its educational and planning resources are comprehensive, and its research offerings and advanced trading tools are of the highest quality.

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‘ fees

Minimum deposit$0
Annual fee$0
Stock and ETF trade fees$0
Mutual fund trade fees
  • Fidelity funds – $0
  • No Transaction Fee non-fidelity funds: $0 on purchase; $9.95 on redemption if held less than 60 days
  • Transaction Fee non-Fidelity funds: $49.95 per purchase; $0 on redemption
Options trade fees$0 + $0.65 per contract fee
Treasuries trade fees$0 online; $19.95 for representative assisted
Bond trade fees$0 for new issues; $1 per bond for secondary issues
Crypto trade fees1% spread reflected in the execution price
Precious metals trade fees0.99%–2.90% to buy; 0.75%–2% to sell
OTC trade fees$0
Foreign ordinaries listed on the OTC market$50 foreign settlement fee
Inactivity fee$0
Domestic wire transfer$0
Outgoing account transfer fee$0
IRA closing fee$0
Mandatory and voluntary corporate reorganization$0
Margin ratesVariable; 12.825% effective rate on margin balance of $24,999 or less

Managed portfolios

DetailsAccount minimumFees
Fidelity GoRobo-advisor, with access to unlimited 30-minute one-on-one phone calls with a Fidelity advisor for portfolios over $25,000$0$0 for portfolios under $25,000; 0.35% annual fee for portfolios over $25,000
Fidelity Managed FidFoliosManaged portfolio with tailored holdings$5,0000.40% annual fee
Portfolio Advisory Services AccountProfessional investment management and analysis
  • $50,000 to work with a phone-based advisory team
  • $250,000 to work with a dedicated advisor
  • 1.10% annual fee for phone-based advisory
  • 0.50%–1.50% annual fee for a dedicated advisor

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.

Fidelity Investments‘ platform is easy to use

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 also recently released a new web trading dashboard, called Trading Dashboard, that is meant to provide essential trading tools and features for active web-based traders and includes the addition of light and dark modes. After toying around with it for a few minutes though, we noticed the charting tools are lacking compared to Chart +, the interactive charts available through the regular web platform.

Web platform

Fidelity Investments mobile platform

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.

Fidelity mockup

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 desktop

Fidelity Investments‘ app store reviews

Google Play app reviews4.2/5 stars based on over 119,000 reviews
Apple App Store app reviews4.8/5 stars based on over 1.9 million reviews

Fidelity Investments‘ customer support

Connect with Fidelity customer support in three ways:

  • Phone
  • Email
  • Live chat

How to open an account with Fidelity Investments

  1. Go to Fidelity’s website.
  2. Select Open an account. Then, choose an account type and select Open now.
  3. Enter your full name and email address and choose Get started.
  4. Enter your personal information, including your name, Social Security number, date of birth, phone number and residential address. Select Next.
  5. 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

How safe is Fidelity Investments?

Fidelity Investments is 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.

Compare Fidelity to other platforms

Fidelity Investments logo

Fidelity Investments

★★★★★

Finder rating 4.6 / 5


Available asset types

Stocks, Bonds, Options, Mutual funds, ETFs, Cryptocurrency, Gold/Commodities, CDs, Treasury Bills


Stock trade fee

$0


Minimum deposit

$0


Signup bonus

N/A

Tastytrade logo

Tastytrade

★★★★★

Finder rating 4.4 / 5

Go to site


Available asset types

Stocks, Options, ETFs, Cryptocurrency, Futures, Treasury Bills


Stock trade fee

$0


Minimum deposit

$0


Signup bonus

Get $50-$5,000

SoFi Invest® logo

SoFi Invest®

★★★★★

Finder rating 4.2 / 5

Go to site


Available asset types

Stocks, Options, Mutual funds, ETFs, Alternatives


Stock trade fee

$0


Minimum deposit

$0


Signup bonus

Get up to $10,000 cash

Frequently asked questions about Fidelity Investments

How we rate trading platforms

★★★★★5/5 — Excellent

★★★★★ 4/5 — Good

★★★★★ 3/5 — Average

★★★★★ 2/5 — Subpar

★★★★★ 1/5 — Poor

We analyze top online trading platforms and rate them one to five stars based on factors that are most important to you. These factors include fees, securities available for trade, customer support, customer feedback, platform resources and overall reliability.

For a complete breakdown of how we score each category, read the full methodology of how we rate trading platforms.

Frequently asked questions

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Matt Finder

Editor, Investments

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