Fidelity offers excellent value to investors of all levels of experience, and may be a good option for some active traders (remember that it doesn't support futures trading). Due to its extensive educational offerings, live events and intuitive platforms, TD Ameritrade is our best option for beginners. While Fidelity Go's robo-advisor relies only on computer algorithms for portfolio recommendations, Merrill professionals manage Merrill Guided Investing and Merrill Guided Investing automated accounts with Advisor. Fortunately, once this amount is reached, Fidelity doesn't require you to maintain a minimum account balance or charge you annual fees.
Mobile applications include learning programs to help beginners better understand market and investment concepts. For the casual buy and hold investor, Fidelity offers a wide selection of tools, research and resources along with easy order entry. If forex is your preferred trading instrument, it's best to call Fidelity for information. Forex details are not available anywhere on the Fidelity website.
Let's take a general look at how Fidelity compares to its peers when it comes to platforms, fees, account opening, and educational tools. In many cases, investors pay less than these fees, on average, thanks to free trades in certain mutual funds, including Fidelity's own investment fund products. Being able to go to one of Fidelity's offices to talk to a representative can offer a lot of peace of mind, especially when you have problems that can't be easily resolved over the phone. For serious investors and traders, Fidelity offers Active Trader Pro, a downloadable program with real-time data transmission and a customizable trading interface.
Fidelity makes no warranty with respect to such information or the results obtained from its use, and disclaims any liability arising from your use of such information or from any tax position taken on such information. Casual investors who stick to buying and holding strategies should find the right Fidelity web platform for their needs. The table below shows how much Fidelity charges per trade or transaction, depending on the type of investment. For both fidelity and Fidelity Go investments, Roth IRAs and traditional IRAs have no account minimums.
We read Fidelity's fee list and found some rates that deserve further analysis.