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Fidelity Review 2024: Pros, Cons and How It Compares

Fidelity is one of the most well-rounded brokerages available today. It offers no commissions on stock or ETF trades and a selection of no-expense-ratio index funds suited to both beginner and active investors.

Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.


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Updated: Oct 22, 2024
Arielle O'Shea
Written by 
Lead Assigning Editor
Arielle O'Shea
Edited by 
Lead Assigning Editor
Fact Checked
Arielle O'Shea
Written by 
Lead Assigning Editor
+ 1 more
Arielle O'Shea
Edited by 
Lead Assigning Editor
Fact Checked

Our Take

5.0

NerdWallet rating
The bottom line:

Fidelity offers $0 trading commissions, a selection of more than 3,300 no-transaction-fee mutual funds, top-notch research tools and a mobile platform. Its zero-fee index funds and strong customer service reputation are just icing on the cake.

Jump to: Full Review
Fidelity

Fees

$0

per trade

Account minimum

$0

Fees

$0

per trade

Account minimum

$0

Promotion

None

no promotion available at this time

Learn moreon partner's site
on Fidelity's website

Show details

Pros & Cons

Pros
  • Commission-free stock, ETF and options trades.

  • Large selection of research providers.

  • Strong customer service.

  • Expense-ratio-free index funds.

  • Highly rated mobile app.

  • High interest rate on uninvested cash.

Cons
  • Relatively high broker-assisted trade fee.

Compare to Similar Brokers

Current Product
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5.0/5
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Account minimum

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Promotion

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NerdWallet rating
4.8/5
Fees

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Account minimum

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Promotion

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NerdWallet rating
4.6/5
Fees

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Account minimum

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Promotion

Earn up to $10,000

when you transfer your investment portfolio to Public.
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4.5/5
Fees

$0

per trade
Account minimum

$0

Promotion

Get up to $700

when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money.
Learn moreon partner's site
on J.P. Morgan's website

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Full Review

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Learn more on partner's site
on Fidelity's website