Fidelity Review 2024
rating-star
3.6/5

Fidelity Review 2024

✔ Strong customer service
✔ Great selection of mutual funds
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Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

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Meet Thadeus, a trading guru, brilliant writer, and financial fanatic with years of expertise in the industry. Get ready to learn from his wealth of knowledge.

Article was updated: October 18, 2024
Estimated reading time: 2 minutes

Fidelity is one of the oldest and most well-known brokerages in the U.S., with a long history and many fantastic features.

Pros
  • Commission-free stock, ETF, and options trades
  • Large selection of research providers
  • User-friendly trading platforms
Cons
  • High mutual fund fees
  • Slow live chat

Fidelity Investments is one of the best brokerages in the business today because of its selection of investments, overall maintenance fees, and several services that make life easier for investors and traders. 

If you are looking for a broker that can handle all of your markets and investments, Fidelity Investments is one of the best companies.

We’ve spent over 150 hours researching Fidelity, testing all sorts of tools, and checking its users’ feedback. Now you can see the results of our work below.

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Fidelity 1
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Fidelity – Who Are They?

Fidelity Investments was started by Edward C. Johnson II in 1946 and has grown to be one of the world’s largest brokerage firms. It is respected in the industry for its stability and selection of investment options.

Fidelity UK

Fidelity is a full-service brokerage that offers tools for all traders, from entry-level investors to seasoned experts. It offers a range of services, including a broad selection of investment products with no commission on stock, ETF, or options trades, and a selection of no-expense-ratio index funds.

Fidelity also offers an incredible range of research tools, along with detailed fundamental data. The quality of the news flow could be better, but there’s plenty to keep investors informed on the company’s situation.

The fact that Fidelity is regulated by top-tier financial authorities and provides a high level of investor protection makes it a better broker than the vast majority of its competitors.

Compare Fidelity Features With Other Brokers

Compare with other broker
General Rating
Minimum deposit
Payment & Withdraw options
Fee on Amazon
Fee on GBP/USD
Fee on Bitcoin
Fee on ETFs
Fee on Gold
Software
Licence
Demo account
Money Insurance
Stock Assets
Forex Assets
Commodities Assets
ETFs Assets
Fidelity trading
Visit site
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Read Review
3.6rating-star
No
Bank Wire Transfer, Credit cards Neteller, Paypal, Skrill
Free
Free
Free
Free
No
Fidelity.com, Active Trader Pro
FCA
Yes
Yes, up to $250,000
Yes
No
No
100
etoro logo
Visit site
{etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider.
4.1rating-star
$100
Debit card, Bank transfer, Neteller, Skrill, eToro Money, Online Banking
Yes (as CFD)
150 PIPs
1%
Free
0.0003 USD + (-0.000113) USD
eToro investing platform, Multi-asset platform, Copy Trader
ASIC, CySEC, FCA, FSAS
Yes
Yes (up to $250,000)
3000
52
27
300
Plus500 logo
Visit site
Risk Warning
80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
4.2rating-star
$100
Bank Wire Transfer, Credit/debit cards, Paypal, Skrill
1.01
0.00018
Not available for UK traders
Free (Additional fees may apply)
0.35
Plus500 Webtrader
FCA, CySEC, ASIC, MAS, FSA
Yes
Yes, up to £85,000
2000+ (CFDs)
60+ (CFDs)
22 (CFDs)
90+ (CFDs)
avatrade logo
Visit site
Risk Warning
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
4.5rating-star
$100 (£72)
Credit/debit cards, Wire transfer, Paypal, Skrill, NETELLER, WebMoney
Free
Free
Free
Free
Free
MT4, MT5, WebTrader, Automated Trading, Mac Trading, AvaTradeGO, AvaOptions, Mobile Trading, AvaSocial, DupliTrade, Capitalise.ai
CBI, CySEC, ASIC, BVIFSC, FSA, SAFSCA, ADGM, ISA
Yes
Yes, up to $1.000.000
600+
50+
17
Yes

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Commissions and Fees

TypeFee
Minimum deposit$0
Overnight fee$20
Deposit fee$0
Withdrawal fee$0
Inactivity fee$0
Stock trading$0
Options$0
ETFs$0
Bonds and CDs$0

Our Opinion About Fidelity

Our team spent a lot of time searching Fidelity and concluded that the company has a lot of positive qualities. We consider it absolutely safe to invest and trade with in the UK, as the Financial Conduct Authority strictly regulates it.

Fidelity also has solid educational materials. Newbies and experienced traders of all levels can learn a thing or two from its articles, webinars, and videos. There are many advanced trading strategies and forex-related topics featured in Fidelity’s educational tools. 

FAQs

Is Fidelity a good company?

Absolutely. Fidelity has a lot of positive qualities, including numerous educational materials and research tools. The broker is also safe and secure since it complies with all FCA regulations.

In addition, Fidelity is registered with the US Securities and Exchange Commission (SEC). The fact that Fidelity is regulated by top-tier financial authorities and guarantees the security of your trading funds makes it a good broker.

Why is Fidelity so popular?

Fidelity has become so popular due to its commission-free trading model. The broker offers a wide selection of investment assets with no commission on stock, ETF, or options trades. With zero account minimums and a selection of no-expense-ratio index funds, Fidelity is one of the most affordable brokers in the financial space.

Does Fidelity protect your money?

Yes. Fidelity is a trustworthy broker regulated by the FCA and SEC, meaning it has implemented measures to protect your money and personal information. For example, FCA regulations require brokers operating in the UK to store customer funds in segregated accounts. Fidelity cannot use these funds for anything other than facilitating your payment transactions.

Can I use Fidelity like a bank?

No. Fidelity offers a cash management account among its portfolio of products. The account works similarly to a checking account. It comes with free standard checks, a debit card, mobile check deposits, and unlimited ATM fee reimbursements. However, it’s not a bank account and doesn’t have the same regulations other banks do.

Thadeus Geodfrey logo
Thadeus Geodfrey

Is a regular dad trying to be smart about how we play and win in this big game of life. He has worked within the very best of the financial industry producing numerous training resources. He is an experienced copywriter with immense financial background. Now earns a full time living as a Trader, and as our writer.

His articles help everyday families build sustainable wealth, stop stressing about their financial security, and start living the life they’ve always wanted.
If he is not trading or writing, he is at the gym.

Fidelity Review 2024 Details

Licences
TradingGuides Rating:
✔ Strong customer service
✔ Great selection of mutual funds
Visit site
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
4.0 rating-star
Customer Support
4.0 rating-star
Commissions & Fees
4.0 rating-star
Platform & Tools
5.0 rating-star
Research
4.3 Overall Rating

11 Replies to “Fidelity Review 2024”

  • Arron says:

    My stock broker is Fidelity. If they go undo, what will happen to my portfolio which composes of 100% stocks and ETFs?

  • Mr. J says:

    Most brokers pay the insurance that protects your capital and investments from a broker going out of business. Insurance doesn’t protect against losses you incur from buying a stock and its price declining thereafter.

  • mark says:

    I chose this broker because of the platform. The main advantages of MT4 are the following in security, functionality and availability of a tester! The platform uses a 128-bit encryption system based on a special algorithm. It is with a digital signature to protect the data. So even if a Trojan horse gets on your computer, the platform is tamper-proof. Also, It can be used to test manual and automatic strategies on historical quotes. So you can evaluate their effectiveness and record the results of a backtest for statistics. At first time, my profit was floating.. but it is normal for beginner traders. All comes with experience! So, today I received my money!!! Thanks Fidelity! I will suggest deposit and withdrawal through instant method.

  • Ethelbert says:

    I recently opened a brokerage account with Fidelity in less than 5 minutes. I downloaded their app and set up two-factor authentication and installed Active Trader Pro on my computer. I called customer service and the investment solutions group to initiate a transfer of funds from another IRA to my Fidelity account. Simple, fast and professional service!

  • Michal Oksztul says:

    I have been trading stocks with Fidelity in both brokerage and retirement accounts for I believe 20+ years. I have never had any real problems with any of their people and they have always been courteous, extremely helpful. I highly recommend it.

  • Kevin Bannet says:

    Very user friendly and straightforward website. My experience with this company was awesome and their services regarding trading are one of the best.

  • Jinny says:

    I've been a customer for 5+ years. My experience with Fidelity has been only positive. There are no fees, a great web interface, and an okay mobile app. I highly recommended Fidelity to my fellows. It's hard to imagine a better financial platform.

  • John says:

    Happy with Fidelity as a brokerage so far. The app can be difficult to navigate as there is a lot going on and different sections have different layouts. The company is very responsive. I can't think of a better recommendation than that for a user-friendly app and platform. They have good customer service.

  • Teddy says:

    Great investing app. User friendly platform. The app provides an interface that is interactive and beautiful. Zero commissions. And the built-in trust with its longevity brings soothing comfort.

  • James Kaplan says:

    Would you recommend this provider?

    Fees

    Account opening

    Customer service

    Deposit and withdrawal

    This app is user-friendly for credit card management and offers additional features, including two-factor authentication. It's a one-stop solution for managing checking accounts, credit cards, and investments. Despite some initial quirks, the app is now running smoothly. The tutorials on investing are appreciated, and recent updates resolved previous issues. Plus, there are no ads!
  • Juan García says:

    Would you recommend this provider?

    Yes

    Fees

    Account opening

    Customer service

    Deposit and withdrawal

    This is the best company in its segment, and I have been working with them for many years. I have recommended them to many friends and relatives, and they have all rated the quality of service as 5 stars. The processing of investment orders also deserves top ratings. Their funds are considered some of the most efficient in the industry, and their website sets the standards for other digital investment platforms.

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80% of retail CFD accounts lose money