How to Trade and Invest Like a Pro with Fidelity

Fidelity Review: A Top Broker for All Investors

Fidelity is one of the largest and most popular online brokers in the US, offering a wide range of investment products and services to individual and institutional investors. Whether you are looking for low-cost trades, advanced research tools, retirement planning, or robo-advisory, Fidelity has something for you. In this review, we will look at some of the main features and benefits of Fidelity, as well as some of the drawbacks and limitations.

Pros and Cons of Fidelity

Fidelity has many advantages that make it a great choice for investors of all levels and goals. Some of the pros of Fidelity are:

- No commissions on stock, ETF, and options trades

- No account minimums or fees for most accounts

- Access to over 3,400 no-transaction-fee mutual funds and hundreds of commission-free ETFs

- High-quality research and analysis from Fidelity and third-party providers

- User-friendly and customizable web and mobile platforms

- Variety of investment and retirement accounts, including IRAs, 401(k)s, 529 plans, and HSAs

- Robust customer service and educational resources

- Fidelity Rewards Visa Signature Card that offers 2% cash back on all purchases

However, Fidelity is not perfect and has some drawbacks that you should be aware of. Some of the cons of Fidelity are:

- High fees for some mutual funds, broker-assisted trades, and account transfers

- Limited access to international markets and currencies

- No direct access to futures, forex, or cryptocurrency trading

- Some features and tools are only available to active traders or premium clients

How to Open an Account with Fidelity

Opening an account with Fidelity is easy and fast. You can do it online or by phone, and you will need to provide some personal and financial information, such as your name, address, social security number, income, and investment objectives. You will also need to choose the type of account you want to open, such as a brokerage account, an IRA, or a 529 plan. You can fund your account by linking your bank account, transferring assets from another broker, or mailing a check. Once your account is set up, you can start trading and investing with Fidelity.

How to Trade and Invest with Fidelity

Fidelity offers a variety of ways to trade and invest, depending on your preferences and goals. You can use the web platform, the mobile app, the desktop software, or the phone service to place your orders and manage your portfolio. You can also use Fidelity's tools and resources to research and analyze the markets, plan your strategy, and monitor your performance. Some of the tools and resources that Fidelity provides are:

- Fidelity.com: The main web platform that allows you to access your account, trade stocks, ETFs, options, and mutual funds, view quotes and charts, read news and reports, and use calculators and screeners.

- Fidelity Mobile: The mobile app that lets you trade and invest on the go, check your balances and positions, deposit checks, pay bills, and use Fidelity's augmented reality feature to scan stocks and ETFs.

- Active Trader Pro: The desktop software that offers more advanced features and functions for active traders, such as customizable layouts, streaming data, alerts, watchlists, trade tickets, and direct market access.

- Fidelity Go: The robo-advisor service that creates and manages a diversified portfolio for you, based on your risk tolerance, time horizon, and goals. You pay a flat fee of 0.35% per year, and Fidelity handles the rest.

- Fidelity Personalized Planning & Advice: The hybrid service that combines the benefits of Fidelity Go with access to a human financial advisor. You pay a fee of 0.50% per year, and you get personalized guidance and recommendations from a Fidelity professional.

- Fidelity Wealth Services: The premium service that offers a dedicated team of financial advisors, portfolio managers, and specialists to help you with your complex financial needs. You pay a fee of 0.50% to 1.50% per year, depending on your account size and services.

Is Fidelity Right for You?

Fidelity is a top broker that caters to a wide range of investors, from beginners to experts, from passive to active, from conservative to aggressive. Fidelity offers low-cost and commission-free trading, high-quality research and analysis, user-friendly and customizable platforms, and various investment and retirement accounts. Fidelity also provides robo-advisory, hybrid, and premium services for those who want more assistance and advice. However, Fidelity is not the best option for those who want to trade futures, forex, or cryptocurrency, or those who want to access international markets and currencies. Fidelity also charges high fees for some mutual funds, broker-assisted trades, and account transfers. Therefore, you should compare Fidelity with other brokers and see which one suits your needs and preferences better.

If you are interested in opening an account with Fidelity, you can visit their website.