Fidelity
Current Promotions
N/A. Fidelity has offered airline miles on Delta, United and American to attract new customers in the past.
Equity Commission Rate
$o for online trade. An additional fee of $25 is charged for broker assistance (depending on number of trades and household assets). No additional fees are charged for extended hours trades. It is possible to trade foreign equities if you can find a broker who knows how to do it, but rates will be as high as 3% (this is really a service for financial institutions that pay as low as $4.90). Fidelity, like Schwab, charges significant fees for buying mutual funds, except the ones that they themselves offer which have high carrying charges
Option Rate
Standard trade commission rate + $0.65 per contract. (Exercise or assignment charged at standard brokerage commission)
Margin Interest Rate
8.325% under $25,000. Rate is lower for larger balances. 4.00% over $1 MM.
Customer Reviews for Fidelity
Please share your experience below.
hfyts
March 7, 2017
Pros: lots of research, somewhat low commissions, some physical locations near major cities with nice reps. Cons: Promised me in writing twice that funding bonuses would be provided to me specifically yet were never granted after showing proof of promises. Approved for international trading online, to avoid costs of telephone trades, tried it and was required to telephone. Don't like being lied to very much.
Jimbo
March 2, 2017
Fidelity gets you badly with the fees. They are rapists.
Prem
November 28, 2016 |
Just dreadful. Opt for ETrade or TD instead.
Terrible
August 21, 2016 |
Fidelity is a rip off for everything. Their mutual fund fees are ridiculous, and this is just an expansion of their rip off efforts.
Dude!
July 9, 2016
Whose logo is that?
ABSO
June 7, 2016 |
Opened an account a couple of years ago when they were offering 50,000 bonus points on American Airlines for moving $100,000 worth of assets. The 50,000 bonus points were probably worth about $1,000 so it seemed like a good deal. However, the fees that Fidelity managed charge on the portfolio would not have been charged elsewhere and I came out about even by the time I closed my account.
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