Introduction
Investing in the stock market can be overwhelming, especially if you’re new to it. However, with the right knowledge and tools, it can be a great way to grow your wealth. Fidelity is one of the most popular online brokers for investors, and in this article, we’ll be discussing everything you need to know about Fidelity stock trades in 2023.
What is Fidelity?
Fidelity is a financial services company that offers a range of investment and financial products, including mutual funds, exchange-traded funds (ETFs), stocks, bonds, and more. It was founded in 1946 and has since become one of the largest and most respected investment firms in the world.
How to Open an Account with Fidelity
Opening an account with Fidelity is a straightforward process. You can do it online by filling out an application form and providing some personal and financial information. Once you’re approved, you can start trading immediately.
Fidelity Stock Trading Fees
Fidelity’s trading fees are competitive with other online brokers. They charge $0 for online US equity trades, and $0.65 per contract for options trades. However, they do charge a $4.95 commission for broker-assisted trades.
Fidelity’s Trading Platform
Fidelity offers a range of trading platforms, including their flagship platform, Active Trader Pro, which is designed for frequent traders. It offers advanced charting tools, real-time data, and customizable layouts. They also have a mobile app that allows you to trade on the go.
Types of Fidelity Accounts
Fidelity offers several types of accounts, including individual brokerage accounts, joint accounts, custodial accounts, and retirement accounts. Each account has its own set of rules and regulations, so it’s important to choose the right one for your needs.
Research and Education
Fidelity offers a range of tools and resources to help you make informed investment decisions. They have a research center that provides market insights and analysis, as well as educational resources, such as webinars and online courses.
Investment Products Available on Fidelity
Fidelity offers a wide range of investment products, including stocks, bonds, mutual funds, ETFs, and options. They also offer managed accounts, such as Fidelity Go, which is a robo-advisor that uses algorithms to manage your investments.
Fidelity’s Customer Service
Fidelity is known for its excellent customer service. They have a 24/7 support team that can be reached by phone, email, or chat. They also have a network of local branches where you can speak to an advisor in person.
Pros and Cons of Fidelity
Pros:
- Competitive trading fees
- Wide range of investment products
- Excellent customer service
- Advanced trading platform
Cons:
- No commission-free ETFs
- No forex trading
- Website can be overwhelming for beginners
Conclusion
Overall, Fidelity is a great online broker for investors of all levels. With its competitive fees, wide range of investment products, and excellent customer service, it’s no wonder why so many people choose Fidelity for their investment needs. Whether you’re a seasoned trader or just starting out, Fidelity has something to offer.
