Fidelity Investment Review: Is It Worth Your Money?

Fidelity Investment Review: Is It Worth Your Money?

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Are you looking for an investment firm that can help you grow your wealth and secure your financial future? Look no further than Fidelity Investments. With its reputation as one of the largest and most trusted investment firms in the world, Fidelity has been helping clients achieve their financial goals for over 70 years. But with so many options out there, is Fidelity worth your hard-earned money? In this review, we'll take a closer look at what sets Fidelity apart from the competition and whether it's a good fit for you. So sit back, grab a cup of coffee, and let's dive into our comprehensive analysis of Fidelity Investments!

Best Overall Broker 2022

  • Best for: Options and Bonds
  • Founded: 1946 in USA
  • HQ: HQ in Boston
  • Regulated Countries: FCA (U.K.) & SIPC (U.S.)
  • Trust Factors: Account protection – Security- Education – Awards and recognition
  • Minimum deposit: $0
  • No of customers: $663.1 billion (31 December 2022) 1https://en.wikipedia.org/wiki/Fidelity_International $663.1 billion (31 December 2022)
  • Available Instruments: (Total): +20,000

When it comes to investing, there are a lot of options out there. But if you're looking for a reliable investment firm with a good reputation, Fidelity is definitely worth considering. In this review, we'll take a close look at what Fidelity has to offer and whether or not it's worth your money.

8.5Expert
Expert Opinion
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Overall
9.5
Trust Score / Security
10
Account Opening
9.5
Instruments Available
8.5
Deposits / Withdrawals
10
Fees
8.5
Trading Platform
8.5
Mobile App
10
Customer Support
9
Education
9.5
Pros
  • Cost-effective
  • Execution of trades is excellent
  • Research and asset screening are excellent
  • Content that is extensive and educational
  • Tools and calculators for portfolio analysis
Cons
  • Futures, commodities, and crypto trading are not available
  • Residents of the U.S. and the main island are eligible to open accounts
  • Broker-assisted trading fees are high
  • Higher options fees than competitors

Fidelity Investments is one of the largest asset managers in the world, with over $2 trillion in assets under management. The company offers a wide range of investment products and services, including brokerage services, retirement planning, estate planning, and more.

Investing-Compare.ai reviews are written by a team of professionals with between 10-30 years of experience each, in addition to thousands of data points. Read about our methods here.

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Fidelity has been in business for over 70 years and is headquartered in Boston, MA. The company has over 24 million customers and employs more than 40,000 people.

9.5

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Introduction to Fidelity

95/100

One of the things that makes Fidelity a great choice for investors is its commitment to customer service. The company has an extensive customer service network that includes call centers, online chat, and social media support. Fidelity also has a team of financial advisors who can provide one-on-one advice to help you meet your financial goals.

Another thing to love about Fidelity is its low fees. The company charges some of the lowest fees in the industry, which means more of your money goes toward your investments instead of being eaten up by fees.

So if you're looking for a reputable investment firm with low fees and great customer service, Fidelity is definitely worth considering.

Credit to: Fidelity.com

Why Fidelity?

There are many advantages of using Fidelity as your investment company. They have a long history of being a reliable and trustworthy company, which gives investors peace of mind. Additionally, Fidelity offers a wide range of investment options and services to choose from, so you can find an investment strategy that fits your needs.

Fidelity also has a strong track record of performance, which is important when you're looking to grow your money. Over the past 10 years, Fidelity's stock mutual funds have outperformed the market average by more than 2 percentage points per year. This means that if you invested $10,000 in a Fidelity stock fund 10 years ago, your investment would be worth almost $32,000 today – compared to just over $25,000 if you had invested in a typical stock fund.

Credit to: Fidelity.com

Finally, Fidelity provides excellent customer service and support. If you have any questions about your investments or need help making changes to your account, the customer service team is always available to help.

Trust, Security & Protection

96.8/100

Fidelity Investments is also known for its strong security measures. They use state-of-the-art security technologies to protect your account information and investments. They also have a team of security experts who monitor their systems 24/7 to ensure that they are secure.

Cash balances in the Fidelity FDIC Insured Deposit Sweep Program are distributed among a number of FDIC-insured interest bearing accounts at program banks, as well as a money market mutual fund (the “Money Market Overflow”) under specific circumstances. Deposits placed in these program bank(s) are insured by FDIC within the coverage limits specified. However, balances that have been swept to the Money Market Overflow are not eligible for FDIC insurance but may be protected by SIPC rules (referenced below).

Fidelity is proud to offer our Customer Protection Guarantee to give you peace of mind when doing business with us. We value your business and the trust that you have placed in Fidelity. Let's work together to keep your assets safe and secure.

Your Covered Accounts will be reimbursed if unauthorized activity occurs without your fault.

Regulation

Fidelity Investments is regulated by various federal and state agencies. The primary federal regulatory agencies for brokers and investment advisors are the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Account Opening Process

94/100

Credit to: Fidelity

Opening a Fidelity account is a straightforward process that can be completed online or in person. Here are the steps to open a Fidelity account online:

  1. Go to the Fidelity website and click on the “Open an Account” button.
  2. Select the type of account you want to open, such as an individual brokerage account or an IRA.
  3. Follow the prompts to enter your personal information, including your name, address, and Social Security number.
  4. Choose the type of account you want to open, such as a cash account or a margin account.
  5. Provide information about your employment, income, and investment experience.
  6. Choose your investment preferences, such as the type of investments you are interested in and your risk tolerance.
  7. Review and accept the terms and conditions of the account agreement.
  8. Fund your account by making a deposit.
  9. Once your account is funded, you can start trading and investing through Fidelity's online platform.

If you prefer to open an account in person, you can visit a Fidelity branch office and speak with a representative who can assist you with the account opening process. You will need to bring identification and other documentation to verify your identity and provide information about your financial situation.

Instruments Available

83/100

Fidelity Investments offers a wide range of investment instruments to their clients. Here are some of the instruments that are available:

  1. Stocks: Fidelity offers access to a wide range of domestic and international stocks, including common stocks, preferred stocks, and exchange-traded funds (ETFs).
  2. Bonds: Fidelity offers a range of bonds, including U.S. Treasury bonds, corporate bonds, municipal bonds, and international bonds.
  3. Mutual funds: Fidelity offers a broad selection of mutual funds, including index funds, actively managed funds, and sector-specific funds.
  4. Exchange-traded funds (ETFs): Fidelity offers a large selection of ETFs, including sector-specific funds, international funds, and bond funds.
  5. Options: Fidelity offers options trading on stocks and ETFs, as well as options on futures.
  6. Futures: Fidelity offers futures trading on a variety of commodities and financial instruments.
  7. CDs and money market funds: Fidelity offers certificates of deposit (CDs) and money market funds, which provide a low-risk way to earn interest on cash reserves.
  8. Managed accounts: Fidelity offers managed account services, where a professional portfolio manager will manage your investments for you.
  9. Annuities: Fidelity offers a variety of annuities, which provide guaranteed income streams for retirement.

These are just a few examples of the investment instruments that are available through Fidelity. It's important to note that different types of instruments have different levels of risk, fees, and potential returns. It's always a good idea to review the specifics of each investment instrument before making a decision to invest.

STOCKS
ETFS
forex
bonds
funds
options
futures
crypto
cfds
 
STOCKS
ETFS
forex
bonds
funds
options
futures
crypto
cfds
STOCKS
ETFS
forex
bonds
funds
options
futures
crypto
cfds
STOCKS
ETFS
forex
bonds
funds
options
futures
crypto
cfds

Deposits, Withdrawals, Fees

88/100

Fidelity Investments offers several options for making deposits and withdrawals from investment accounts. Here are some of the ways you can deposit and withdraw funds from a Fidelity account:

  1. Electronic bank transfer: You can link your bank account to your Fidelity account and make electronic transfers to and from your account. This is a fast and convenient way to deposit and withdraw funds.
  2. Wire transfer: You can also make a wire transfer to your Fidelity account from another bank account. This option may be faster than electronic bank transfer, but there may be fees associated with wire transfers.
  3. Check deposit: You can deposit checks into your Fidelity account by mail or through the Fidelity mobile app. Simply endorse the check and write “For Deposit Only” followed by your account number on the back of the check.
  4. Automated Clearing House (ACH) transfer: You can set up ACH transfers to move funds between your Fidelity accounts or to an external bank account.
  5. Physical deposit: If you prefer, you can also deposit physical currency, such as cash or a check, at a Fidelity branch office.

To withdraw funds from your Fidelity account, you can request a transfer to your linked bank account or have a check sent to you by mail. Withdrawals may be subject to fees, depending on the type of account and the withdrawal method. It's important to review the terms and conditions of your Fidelity account to understand any fees or restrictions associated with deposits and withdrawals.

Fidelity Investments charges fees for certain types of deposits and withdrawals from investment accounts. Here is an overview of the fees associated with various deposit and withdrawal methods:

Deposits:

  1. Electronic bank transfer: Free
  2. Wire transfer: Fidelity does not charge a fee for incoming wire transfers, but your bank may charge a fee for outgoing wire transfers.
  3. Check deposit: Free
  4. Automated Clearing House (ACH) transfer: Free
  5. Physical deposit: Free

Withdrawals:

  1. Electronic bank transfer: Free
  2. Check withdrawal: Free
  3. Wire transfer: Fidelity charges $10 for domestic outgoing wire transfers and $15 for international outgoing wire transfers.
  4. ACH transfer: Free

It's important to note that certain types of accounts, such as retirement accounts, may have additional restrictions and fees associated with withdrawals. Additionally, some mutual funds may impose redemption fees if you sell shares within a certain time period. It's always a good idea to review the terms and conditions of your account and the specific investments you hold to understand any fees or restrictions that may apply.

Trading Platform

79/100

Fidelity's Active Trader Pro is a powerful trading platform designed for active traders who need advanced trading tools and real-time market data. Here are some of the features offered by Active Trader Pro:

  1. Customizable dashboards: Active Trader Pro allows users to create customized dashboards that display real-time market data and news, as well as trading alerts and account balances.
  2. Advanced charting tools: The platform includes advanced charting tools that allow users to analyze market trends and identify trading opportunities. Users can create custom indicators and chart styles, as well as view multiple charts side by side.
  3. Trading tools: Active Trader Pro offers a variety of trading tools, including advanced order types, such as conditional orders and multi-leg options orders. Users can also set up trading alerts based on price, volume, and technical indicators.
  4. Real-time market data: The platform provides real-time market data for stocks, options, and other securities, as well as streaming news from multiple sources.
  5. Risk management tools: Active Trader Pro includes risk management tools, such as stop-loss and take-profit orders, to help traders manage their positions and limit their losses.
  6. Third-party integrations: The platform can be integrated with third-party trading and analysis tools, such as TradeStation and NinjaTrader, to provide even more advanced functionality.

Credit to: Fidelity.com

Overall, Active Trader Pro is a comprehensive trading platform that offers advanced tools and features to help active traders make informed trading decisions and manage their positions.

Mobile Platform

91/100

Fidelity Investments offers a mobile app that allows users to manage their investments, track market data, and access educational resources on the go. Here are some of the features offered by Fidelity's mobile app:

  1. Account management: The Fidelity mobile app allows users to view their account balances, holdings, and transaction history, as well as make trades and transfer funds between accounts.
  2. Market data: The app provides real-time market data, including stock quotes, news, and charts, as well as customized watchlists and alerts to help users stay up to date on their investments.
  3. Educational resources: The Fidelity mobile app offers access to educational resources such as articles, videos, and webinars on topics such as retirement planning, investing strategies, and market trends.
  4. Security features: The app includes several security features to protect users' accounts, including fingerprint and Face ID authentication, as well as two-factor authentication for added security.
  5. Bill pay: The app allows users to pay bills directly from their Fidelity accounts, making it easier to manage their finances in one place.
  6. Mobile check deposit: Users can easily deposit checks into their Fidelity accounts by taking a photo of the check with their mobile device.

Overall, the Fidelity mobile app is a powerful tool for investors who want to manage their investments and stay informed about the markets, all from their mobile devices.

Cool features

85/100

Fidelity Investments offers a number of cool and innovative features that can help investors manage their investments and achieve their financial goals. Here are some of the top features offered by Fidelity:

  1. Fractional Shares: Fidelity offers the ability to buy and sell fractional shares of stocks and ETFs, making it easier for investors to diversify their portfolios with smaller amounts of money.
  2. Fidelity Rewards Credit Card: Fidelity's credit card allows users to earn 2% cash back on all purchases, which can be deposited directly into a Fidelity account.
  3. Fidelity Go: Fidelity Go is a robo-advisor service that offers professionally managed portfolios with low fees and no minimum investment required.
  4. Active Trader Pro: Active Trader Pro is a powerful trading platform for active traders that offers advanced charting tools, customizable dashboards, and real-time market data.
  5. Fidelity Mobile App: Fidelity's mobile app allows users to manage their investments, track market data, and access educational resources from their smartphones.
  6. Wealthscape Investor: Wealthscape Investor is a customizable online portal that allows investors to view their account balances, holdings, and performance, as well as access research and trading tools.

Overall, Fidelity's innovative features and technology make it a great choice for investors looking for cutting-edge tools and resources to help them manage their investments and achieve their financial goals.

Customer Support

90.8/100

Fidelity Investments is one of the most popular investment firms in the United States. They offer a wide variety of investment products, including stocks, bonds, mutual funds, and ETFs. They also offer a variety of services, such as financial planning, retirement planning, and customer support.

Fidelity Investments is known for its high-quality customer support. They have a team of customer service representatives who are available 24/7 to answer your questions. They also have an online chat feature that you can use to get answers to your questions quickly. In addition, they have a large knowledge base on their website that you can use to find answers to your questions.

Education

100/100

Fidelity Investments offers a wide range of educational resources to help individuals improve their financial literacy and make informed investment decisions. Here are some of the educational resources available on Fidelity's website:

  1. Learning Center: Fidelity's Learning Center offers articles, videos, and interactive tools on various topics such as retirement planning, investing basics, and taxes.
  2. Webinars: Fidelity offers live and recorded webinars on a variety of financial topics, including investing strategies, retirement planning, and market trends.
  3. Online courses: Fidelity offers free online courses on topics such as retirement planning, investing in stocks, and managing debt.
  4. Investment research: Fidelity provides investment research tools to help investors make informed investment decisions, including stock and fund screeners, market news, and research reports.
  5. Fidelity Viewpoints: Fidelity Viewpoints is a collection of articles and videos on a variety of financial topics, written by Fidelity experts.
  6. Retirement planning tools: Fidelity offers retirement planning tools such as a retirement income planner, a social security calculator, and a required minimum distribution calculator.

Credit to: IG

Overall, Fidelity's educational resources are designed to help individuals make informed investment decisions and achieve their financial goals.

Fidelity Review: The Bottom Line

97/100

In conclusion, Fidelity Investments is an excellent choice for those who are looking to invest in the stock market. It offers a wide range of products and services with competitive fees and commission-free trades. Its customer service team is friendly and helpful, making it easy to navigate the process of investing your money. With its long history of providing quality investment services, Fidelity Investment's review shows that it is indeed worth your money.

Risk Disclaimer

need to rewite There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.

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Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.

Read our full explanation and accounting of our research and testing process to learn more about how we test

Sources & References

  • 1
    https://en.wikipedia.org/wiki/Fidelity_International $663.1 billion (31 December 2022)
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