Introduction
Investing in the stock market can be a daunting task, especially for beginners. However, the advent of stock trading apps has made it easier for anyone to invest in the stock market. Fidelity is one of the leading stock trading apps on the market. In this article, we will explore whether Fidelity is a good stock app to use.
What is Fidelity?
Fidelity is a financial services company that offers a range of investment products and services, including a stock trading app. The Fidelity app allows users to buy and sell stocks, exchange-traded funds (ETFs), and other securities. It also offers research tools, market news, and educational resources to help users make informed investment decisions.
The Pros of Using Fidelity
There are several benefits to using Fidelity as a stock trading app:
1. Easy to Use
Fidelity’s app is user-friendly and easy to navigate. The app’s design is intuitive, making it easy for beginners to understand how to use it.
2. Research Tools
Fidelity offers a range of research tools to help users make informed investment decisions. These tools include market news, analyst reports, and financial statements.
3. Low Fees
Fidelity’s fees are competitive compared to other stock trading apps. It charges $0 for stock and ETF trades, which is lower than most other trading apps.
4. Educational Resources
Fidelity offers a range of educational resources to help users learn about investing. These resources include articles, videos, and webinars.
The Cons of Using Fidelity
There are some drawbacks to using Fidelity as a stock trading app:
1. Limited Cryptocurrency Options
Fidelity’s app does not offer many cryptocurrency options. If you are interested in investing in cryptocurrencies, you may want to consider using a different app.
2. Limited International Trading Options
Fidelity’s app does not offer many international trading options. If you are interested in investing in foreign stocks, you may want to consider using a different app.
3. Limited Customer Service
Fidelity’s customer service is not available 24/7. If you need assistance outside of regular business hours, you may have to wait until the next business day to get help.
Is Fidelity a Good Stock App?
Overall, Fidelity is a good stock app to use. It offers a range of benefits, including easy-to-use features, research tools, low fees, and educational resources. However, it does have some drawbacks, such as limited cryptocurrency and international trading options and limited customer service. If you are a beginner investor looking for a user-friendly app with low fees and educational resources, Fidelity may be a good choice for you. However, if you are interested in investing in cryptocurrencies or foreign stocks, you may want to consider using a different app.
