Get Quotes from Fidelity Investments
Fidelity Investments is one of the largest and most trusted financial services firms in the world, offering a wide array of investment, retirement, and wealth management solutions. With a reputation for low fees, robust research tools, and excellent customer service, Fidelity serves both beginner and advanced investors. But how does it really perform in 2024?
Let’s break it down.
✅ Pros of Fidelity Investments
1. Zero-Commission Trading
Fidelity offers $0 commission on online U.S. stock, ETF, and options trades, making it a top pick for cost-conscious investors.
2. Wide Range of Investment Options
You can trade stocks, ETFs, mutual funds, bonds, options, and fractional shares. Fidelity also offers a strong selection of no-fee index funds and proprietary actively managed funds.
3. Excellent Research & Tools
Fidelity’s research suite is top-notch, with real-time analytics, third-party insights, customizable screeners, and educational resources for all skill levels.
4. Award-Winning Customer Service
Fidelity provides 24/7 customer support via phone, live chat, and in-person help at branch offices across the U.S.
5. Great for Retirement Planning
With IRAs, 401(k) rollovers, annuities, and retirement calculators, Fidelity is a go-to platform for long-term investors planning their financial future.
❌ Cons of Fidelity Investments
1. No Crypto Trading (Yet)
While Fidelity offers a separate crypto platform (Fidelity Digital Assets), it doesn’t yet support direct cryptocurrency trading within its main retail platform.
2. Limited International Market Access
Fidelity offers global investing but doesn’t provide as much access to international markets as some competitors like Interactive Brokers.
3. Learning Curve for Advanced Tools
While powerful, the research tools and platform features can be overwhelming for beginners without guidance.
💰 Pricing
Fidelity is known for its transparent and competitive pricing structure:
| Service | Cost |
|---|---|
| U.S. Stock & ETF Trades | $0 per trade |
| Options Trades | $0 + $0.65 per contract |
| Mutual Fund Trades (Fidelity) | $0 |
| Mutual Fund Trades (Non-Fidelity) | $49.95 (one-time) |
| Account Minimums | $0 for most accounts |
| Advisory Services | Starts at 0.50% AUM annually |
📌 Tip: Fidelity’s own index funds (like FXAIX) have expense ratios as low as 0.015%, making them some of the cheapest in the industry.
⭐ Overall Score: 4.8/5
| Category | Rating (out of 5) |
|---|---|
| Investment Options | ⭐⭐⭐⭐⭐ |
| Fees & Commissions | ⭐⭐⭐⭐⭐ |
| Platform & Tools | ⭐⭐⭐⭐ |
| Customer Support | ⭐⭐⭐⭐⭐ |
| Beginner Friendliness | ⭐⭐⭐⭐ |
📝 Final Verdict
Fidelity Investments is one of the best all-around brokers in 2024, offering an unbeatable combination of low-cost investing, robust research tools, and long-term financial planning services. Whether you’re a beginner starting your first IRA or a seasoned investor building a diversified portfolio, Fidelity delivers powerful value and reliability.
