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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.


The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

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
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

Fidelity

Fees

$0

per trade

Account minimum

$0

Fees

$0

per trade

Account minimum

$0

Promotion

None

no promotion available at this time

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

NerdWallet rating
4.8/5
Fees

$0

per online equity trade
Account minimum

$0

Promotion

None

no promotion available at this time
Learn moreon partner's site
on Charles Schwab's website
NerdWallet rating
5.0/5
Fees

$0.005

per share; as low as $0.0005 with volume discounts
Account minimum

$0

Promotion

Exclusive!

U.S. residents who open a new IBKR Pro account will receive a 0.25% rate reduction on margin loans. Terms apply.
Learn moreon partner's site
on Interactive Brokers' website
NerdWallet rating
4.6/5
Fees

$0

Account minimum

$0

Promotion

Earn up to $10,000

when you transfer your investment portfolio to Public.
Learn moreon partner's site
on Public's website

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Full Review

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