Fidelity supports numerous types of orders on the web and on Active Trader Pro platforms, including usual suspicious orders (market, limit, stop and trailing stop orders) and conditional orders such as one cancels the other (OCO) and one triggering the other (OTO). Fidelity Government Money Market Fund and Fidelity Treasury Money Market Fund (FZFXX) are money market mutual funds. For the casual buy and hold investor, Fidelity offers a wide selection of tools, research and resources along with easy order entry. The Fidelity mobile app is available for iOS (4.8 stars out of 5 stars on the App Store) and Android (4.2 stars out of 5 stars on Google Play).
Fidelity's new crypto industry ETF will allow investors to add exposure to the industry and companies included in Fidelity's Digital Payments and Crypto Industry Index, but this is different from direct exposure to cryptocurrency assets. Generally, Fidelity would expect to earn more on your FCASH balance than you would receive in commissions when you use the Fund as your primary position. The large number of options can be intimidating, but Fidelity does a great job of grouping accounts according to their goal with the account and provides a concise description of the purpose of the account type. Fidelity provides access to third-party tax reporting programs, including TurboTax, H%26R Block and TaxAct.
You can fund your account using your Fidelity brokerage account, direct deposit, mobile check deposit, or electronic funds transfer from another bank account. Opening a brokerage account with Fidelity is simple, especially if you already have another type of Fidelity account (for example, compare your banking needs with those offered by Fidelity Cash Management Accounts to determine if this account is right for you). Although it doesn't have much advertising on the Fidelity website, the cash management account is an interest-bearing account. The transfer program allows you to make cash management deposits to multiple bank accounts, allowing Fidelity to protect deposits in your cash management account far beyond a standard bank account.
The easy-to-use Fidelity mobile app is available for Android, iOS, Amazon, and Google Assistant enabled devices. You can backtest trading strategies through Wealth-Lab Pro, a premium feature available to eligible Fidelity brokerage clients.