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Fidelity

By on November 1, 2012
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Fidelity Logo

 

Fidelity Investments is one of the largest and the oldest financial services groups in the world. Its origins date back to almost 1946. Today they are also a major online brokerage firm and has investor centers in over 140 sites within the US.

In this Fidelity review, I'll cover what Fidelity has to offer, who they're right for, and give you guys some links to the latest Fidelity promotions. If you've used Fidelity before, please add your own rating and review below.


Fidelity – The Basics:

Investments:

Stocks, mutual funds (4,900 total, 1,400 NTF), bonds, options, commercial paper, forex, ETF’s, precious metals, foreign stocks and UIT’s.

Commissions:

Online trades in stocks and ETF’s cost $7.95 while broker assisted trades cost $32.95. You can also trade via phone at $12.95 per trade. Options cost $7.95 with an additional $0.75 per contract. Mutual funds trades are $75. Bonds are $8 and cost $1 each with a maximum cap of $250. Commercial paper costs $50 per transaction.

Investor Education:

Excellent educational services.

Mobile apps:

iPhone, iPad, Blackberry, Android & mobile site.

Fidelity's mobile apps give you access to live streaming content such as news, quotes, watch lists and alerts. You can also manage your account and trade using these mobile platforms. Customer care officials can also be reached via phone, email and live chat at any time of the day, i.e. 24/7.

The minimum to open an account with Fidelity is $2,500. Apply for an account now.


Pros & Cons Of Fidelity:

Pros

Cons

  • 24/7 customer support
  • Great research tools, large number of third party tools and reports.
  • Large number of mutual funds.
  • Low cost of Fidelity mutual funds
  • A rich selection of investment types offered
  • Personalized customer service
  • Non Fidelity mutual fund costs are relatively high
  • Website can’t handle high traffic volumes
  • Account privileges depends on the worth of the account
  • A minimum balance of $2500 to open up an account
  • Real time quotes only offered to traders who qualify
  • Does not offer Coverdell IRA

How Others Rated Fidelity In 2012:

Barron's: 4/5 stars, Best For Long-Term Investing, Best For Novices

         Highest rated category: Research Amenities

         Lowest rated category: Costs

Smart Money: 1st Overall

         Highest rated category: Tie between Mutual Funds and Investment Products, Banking Services, Trading Tools and Research

          Lowest rated category: Tie between Commissions and Fees, and Customer Service.


Word On The Street Is…

Although Fidelity is a bit expensive, the research amenities they provide are pretty good. Free research from over 10 independent firms is made available to you. You can also make use of some great tools to help you plan and manage your trading strategy. Coupled with personalized customer service, Fidelity is a broker worth giving some really serious thought.

Overall takeaway: One of the top rated brokerage for long-term and novice investors.


Fidelity Promotion Code:


Hit the link below to claim the latest Fidelity promotion. Click below to claim promotion code Get up to 200 FREE Trades When You Fund An Account With >$50,000 

Where To Open A Fidelity Account:

Open A Personal/Joint/Custodial/Business Account With Fidelity: Apply Here

Open An IRA Account With Fidelity: Apply Here

Open A Forex Trading Account With Fidelity: N/A


P.S. Don't forget, if you've used Fidelity before, please help us by adding your rating and review below!

 
References:

About Peter Voga

Self-confessed coffee addict. Family man. Rage Against The Machine fan. Lover (and sometimes hater) of the stock market. Founder of BrokerChats. For more, follow me @petervoga or check me out on Facebook or Google+.

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