Fidelity
Full-service brokerage with industry-leading investor protections
How it works
Fidelity Investments is one of the largest and most trusted brokerages globally, offering commission-free trading on stocks, ETFs, and options alongside thousands of no-transaction-fee mutual funds. The platform includes robust research tools, retirement planning, cash management accounts, and the Active Trader Pro desktop platform. Fidelity's extensive branch network, 24/7 customer support, and zero account fees make it suitable for everyone from beginners to professionals.
Is it right for you?
Consider if you
- You want a one-stop shop covering every account type and investment
- You value top-tier research, customer service, and physical branch access
- You're a buy-and-hold investor or active trader who wants zero account fees
Skip if you
- Investors wanting direct cryptocurrency trading beyond crypto ETFs
- You need the absolute simplest mobile-first experience
Your money and data
Fidelity is an SEC-registered broker-dealer and FINRA/SIPC member. Your invested assets are SIPC-protected up to $500,000. Fidelity provides additional excess SIPC coverage through Lloyd's of London with no per-customer dollar limit on securities and up to $1.9 million for cash, subject to a $1 billion aggregate policy limit. Cash in Fidelity's CMA is FDIC-insured up to $5 million through a multi-bank sweep program.
Pros & Cons
Pros
- $0 commissions on stocks, ETFs, and $0.65/options contract with no hidden fees
- Industry-best excess SIPC coverage with no per-customer dollar limit on securities
- No account fees — $0 transfer-out, $0 inactivity, $0 IRA closeout, global ATM rebates
Cons
- No direct cryptocurrency trading — only crypto-related ETFs and stocks
- Default cash sweep yield via FCASH (~2.32%) is lower than money market alternatives
Pricing details
$0 stock/ETF trades · $0.65/options contract · No account minimum · No transfer, inactivity, or IRA closeout fees
On fidelity.com · We may earn a commission
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