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Fidelity is a U.S. online stock broker that offers a range of investment options, such as stocks, exchange-traded funds (ETFs), mutual funds, bonds, metals, certificates of deposits (CDs), and options, with advanced trading platform and tools. They were founded in 1946 and have been consistent in providing quality services by applying the latest smart trading technologies. With different account types to cater to different financial goals, Fidelity allows you to choose between self-directed investment and managed portfolio options. The broker offers competitive fees, fast trade execution, and convenient trading experience, but there is no forex, CFD, or crypto trading.
Fidelity Platforms & Tools
The broker has an advanced, in-house trading platform known as Active Trader Pro, through which their clients can manage their accounts, research securities to trade, and place their trades from anywhere in the world. Available as desktop applications and web terminal, the platform comes with a lot of useful tools. There is also the Fidelity Mobile trading Platform which clients can use to manage their accounts on the go.
Some of the advanced trading tools provided by Fidelity include the Stock Research Dashboard, Stock Screener, Equity Summary Score, Strategy Testing Tools, Fidelity Go, Fidelity Personalized Planning &Advice, and Fidelity Wealth Services.
Fidelity Research & Education
The broker’s learning center has a useful collection of online courses that cover a variety of topics, such as trading and investing, which are suitable for all levels of traders. There are also live webinars organized by the broker, as well as e-newsletters, for active investors. They also organize interactive coaching sessions, which cover technical analysis, trading strategies, risk management and more, for those who request it.
Fidelity Trading Accounts
Fidelity offers a range of self-directed and managed accounts that cater to different investment goals. Here are some of the broker’s account types:
- Individual Account — for one person
- Joint Account — for two or more person
- Business Account — for legal entities
- Retirement Accounts — including Roth IRA, Traditional IRA, and Rollover IRA
- Automated & Managed Account
- Trust, Estate & Charitable Planning Accounts
- Banking Accounts
- Education savings & Custodial Accounts
Fidelity Account Funding
The broker accepts several funding and withdrawal options, including wire transfers, ACH, check, and online digital payment processors, such as PayPal, Apple Pay, Google Pay, and Samsung Pay. The transaction processing time and charges depend on the payment method. Note that some methods may only be available to specific countries.
Fidelity Customer Service
Fidelity’s customer service team is available 24/7 to answer all your questions and guide you whenever you have any technical issues. The team can be reached via email, online chat, and telephone. You can also visit any of their centers in the US to discuss with their consultants in person.
Being a U.S. security broker, Fidelity is regulated under U.S. securities laws. So, it is registered with and supervised by the Securities Exchange Commission (SEC). It is also a member of the Financial Industry Regulatory Authority (FINRA), another regulatory authority for financial firms in the US. Additionally, it is listed on the New York Stock Exchange (NYSE) and abides by the rules of the exchange.
Fidelity Review Summary
Fidelity is a well-established U.S. online broker that offers a vast choice of investment options, advanced trading platform, and innovative tools, along with competitive fees and multiple account options, to suit different investor goals. However, they do not offer trading services in forex, CFDs, and cryptocurrency.
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