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Fidelity Review | Fees And Margin Rates

Fidelity Review | Fees And Margin Rates

Table of Contents

What is Fidelity?

Fidelity Investments is a well-known financial services company that offers a wide range of products and services to individual investors, businesses, and institutions. The company was founded in 1946 and is headquartered in Boston, Massachusetts.

Some of the key products and services offered by Fidelity include:

  • Brokerage services: Fidelity offers a full-service brokerage platform, allowing investors to buy and sell a variety of securities, including stocks, bonds, mutual funds, exchange-traded funds (ETFs), and more.
  • Investment products: Fidelity offers a wide range of investment products, including mutual funds, ETFs, and individual stocks and bonds.
  • Retirement planning: Fidelity provides a range of tools and resources to help individuals plan for and save for retirement, including traditional and Roth IRA accounts, 401(k) plans, and annuities.
  • Wealth management: Fidelity offers financial planning and investment management services for high net worth individuals.
  • Banking and lending: Fidelity offers a range of banking and lending products, including checking and savings accounts, credit cards, and mortgages.

In addition to these products and services, Fidelity also provides a variety of research and educational resources to help investors make informed decisions about their investments. The company has a strong reputation for customer service and is known for providing helpful support to its customers.

Fidelity Margin Rates

In general, margin interest rates are typically higher than the interest rates on other types of loans, because margin loans involve a higher level of risk for the lender. The exact margin interest rate you will be charged will depend on the balance in your account, the margin tier you are in, and other factors.

MARGIN BALANCEINTEREST RATE
Less than $25,0009.825%
$25,000 to $49,9999.325%
$50,000 to $99,9998.375%
$100,000 to $249,9998.325%
$250,000 to $499,9998.075%
$500,000 to $999,9995.75%
$1 million and up5.50%

It’s important to note that these are just general margin interest rate tiers and the actual rate you are charged may be different. To get the most accurate and current information on margin rates at Fidelity, you should log in to your account on the Fidelity website or call Fidelity’s customer service department at 1-800-343-3548.

Commission Fees

Fidelity charges commission fees for the trades placed through its brokerage service. The exact commission fees that Fidelity charges will depend on the type of security being traded and the order placement method.

Here is a general overview of Fidelity’s current commission fees for some common types of securities:

SECURITY TYPECOMMISSION FEE
Stocks and ETFs$0
Options$0 base fee + $0.65 to $1.50 per contract
Fidelity mutual funds$0
Non-Fidelity mutual funds$0 to $49.95
Bonds$1 per bond
  • Stocks and ETFs: Fidelity charges a commission fee of $0 for online trades of U.S. stocks and ETFs.
  • Options: Fidelity charges a base fee of $0 for online trades of options and an additional per-contract fee ranging from $0.65 to $1.50, depending on the option.
  • Mutual funds: Fidelity charges a commission fee of $0 for online trades of Fidelity mutual funds. For non-Fidelity mutual funds, there may be a transaction fee ranging from $0 to $49.95.
  • Bonds: Fidelity charges a commission fee of $1 per bond for online trades of most U.S. corporate and municipal bonds.

It’s important to note that these commission fees are subject to change and may be different for different types of securities or order placement methods. You can find the most current commission fees on Fidelity’s website

Fidelity’s Trading Platform

Fidelity offers a variety of online trading platforms to help investors manage their investments. Here are some of the key features of Fidelity’s trading platforms:

  • Fidelity.com: This is Fidelity’s main website, which offers a range of tools and resources for investors. Through the website, you can view your investment portfolio, place trades, and access a variety of research and educational resources.
  • Fidelity Mobile: Fidelity Mobile is a mobile app that allows you to access your investment portfolio and place trades on the go. The app is available for both iOS and Android devices.
  • Active Trader Pro: Active Trader Pro is Fidelity’s advanced trading platform, which is designed for active traders who need access to real-time market data and advanced trading tools. The platform is available as a desktop application or as a web-based platform.
  • Trade Armor: Trade Armor is a trading tool that allows you to analyze and manage trades before and after they are placed. The tool provides real-time market data and allows you to set alerts and create customized watch lists.

Overall, Fidelity’s trading platforms offer a variety of tools and resources to help investors manage their investments and make informed trading decisions. The company’s platforms are known for being user-friendly and easy to navigate.

Research Offerings

Fidelity offers a wide range of research and educational resources to help investors make informed decisions about their investments. Some of the key research offerings from Fidelity include:

  • Market analysis: Fidelity provides a range of market analysis and commentary on its website, including daily market updates, sector analyses, and in-depth research reports.
  • Stock ratings: Fidelity’s research team provides stock ratings and recommendations to help investors make informed decisions about individual stocks.
  • Fund analysis: Fidelity provides extensive analysis and ratings of mutual funds and ETFs to help investors choose the right funds for their portfolios.
  • Educational resources: Fidelity offers a range of educational resources, including articles, videos, and webinars, to help investors learn more about different types of investments and how to manage their portfolios.

In addition to these resources, Fidelity also provides tools and resources to help investors plan for retirement, including 401(k) planning tools and guidance on Social Security and other retirement income sources.

Overall, Fidelity’s research offerings are extensive and cover a wide range of investment products and topics. The company’s research team is known for providing high-quality analysis and recommendations to help investors make informed decisions.

StarMine

StarMine is a financial analytics and research firm that is a subsidiary of Fidelity Investments. StarMine provides a range of analytical tools and research products to help investors make informed decisions about their investments.

Some of the key products and services offered by StarMine include:

  • Stock ratings and recommendations: StarMine’s stock ratings and recommendations are based on its proprietary analytical model, which uses earnings estimates and other financial data to evaluate stocks.
  • Fund ratings: StarMine provides ratings and recommendations for mutual funds and ETFs based on the quality of the fund’s portfolio and the track record of the fund’s managers.
  • Earnings forecasts: StarMine provides earnings forecasts for individual stocks and for the overall market. These forecasts are based on analysis of historical data and other financial information.
  • Custom research: StarMine offers custom research services to help investors understand specific industries or markets.

Overall, StarMine is a well-regarded provider of financial analytics and research products. Its tools and resources are widely used by investors and financial professionals to make informed investment decisions.

Customer Service And Support

Fidelity is known for providing excellent customer service and support to its clients. The company offers a variety of ways for customers to get help, including:

  • Phone support: Fidelity has a dedicated customer service team that is available to answer questions and provide assistance by phone. Customers can call 1-800-343-3548 to speak with a representative.
  • Online chat: Fidelity offers online chat support through its website. Customers can chat with a representative to get help with their accounts or ask questions about products and services.
  • Email support: Fidelity provides email support for customers who prefer to communicate in writing. Customers can send an email to Fidelity’s customer service team and receive a response within one business day.
  • In-person support: Fidelity has a network of local branches around the country, where customers can meet with a representative in person to discuss their accounts and get help with their investments.

Fidelity’s customer service team is known for being knowledgeable and helpful, and the company has a strong reputation for providing excellent support to its clients.

Pros And Cons

Here are some pros and cons of using Fidelity as a brokerage firm:

Pros:

  • Wide range of investment products: Fidelity offers a wide range of investment products, including stocks, bonds, mutual funds, exchange-traded funds (ETFs), and more. This allows investors to diversify their portfolios and choose from a variety of investment options.
  • Easy-to-use online platform: Fidelity’s online platform is user-friendly and offers a variety of tools and resources to help investors manage their investments.
  • Research and educational resources: Fidelity provides a range of research and educational resources, including market analysis, stock ratings, and educational articles and videos. This can be helpful for investors looking to make informed decisions about their investments.
  • Customer service: Fidelity has a reputation for providing excellent customer service, with knowledgeable representatives available to answer questions and provide support.

Cons:

  • Commission fees: Fidelity charges commission fees for the trades placed through its brokerage service. While the fees are competitive with other brokerage firms, they can still add up over time, especially for frequent traders.
  • Limited international investment options: Fidelity’s investment options are primarily focused on the U.S. market, so investors looking to invest in international stocks and funds may have limited options.

Overall, Fidelity is a solid choice for investors looking for a full-service brokerage firm with a wide range of investment options and helpful resources. However, it’s important to carefully consider all of your options and do your own research before choosing a brokerage firm.

About Satish Oraon

I'm a good computer programmer & head of forex and crypto analyst, after finishing my programming like to trade & analyze forex, crypto and different trading assets.

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