Based on our scoring methodology, Fidelity is a broker that we can recommend to beginners. Let's take a look at their services one by one, following the criteria we set out above, to get a complete overview. If you're just starting out but don't want to make trading decisions on your own through self-directed accounts, robo-advisors Fidelity Go and Fidelity Personalized Planning %26 Advice will create and manage your investment portfolio for you. Fidelity offers a wide range of securities suitable for most investors, from stocks, options and fixed income to the best selection of mutual funds.
Named one of the best brokers for fund and tool research, it's no wonder Fidelity shines here. Fidelity offers several trading idea generators to help you find, analyze and implement options trades. Investing a little bit each month and gradually increasing that amount over time, as you get more comfortable, is a good way to do it. Teen account holders can also invest in selected Fidelity mutual funds (including Fidelity ZERO funds, which have no expense relationship).
Fidelity Investments is among the best online brokerage platforms available and offers a full suite of tools, research and investable assets. The mobile app has the same asset classes as Fidelity's web and Active Trader Pro platforms, making it easy to place and manage trades from anywhere. This number of offers from research firms may seem too much to pass, but investors can take a short questionnaire to identify suppliers that match their investment style. In a 401 (k) plan, it's often easier to set up your investment options when you set the amount of your regular contribution, in which case your money will be invested in the options you have automatically selected, corresponding to your payment cycle.
Loyalty is strong here, with stock investigations from more than 30 third-party vendors, including Recognia, Ned Davis Research, Thomson Reuters and McLean Capital Management. In the case of stocks, mutual funds, and ETFs, you usually look for the investment's ticker symbol, a string of 1 to 5 letters that is unique to that investment, then decide on the dollar amount or number of shares to buy (if you get stuck at this step, check out a more detailed walkthrough of the process or some questions frequent). Fidelity will use all information you provide solely for the purpose of sending the email on your behalf. This information is intended to be educational and is not adapted to the investment needs of any specific investor.
However, unlike its competitors TD Ameritrade and Charles Schwab, Fidelity does not make its active trader platforms automatically available to all customers. Alternatively, you can narrow your search for ETFs by choosing one of the topics, such as market capitalization, fixed income, or socially responsible investing (ISR).