Avoid Fees When Exchanging Investments With Fidelity

Fidelity offers a range of investment options, including stocks, bonds, mutual funds, and ETFs, with no account fees and no minimums to open a retail brokerage account. While there are no fees for buying and selling US stocks, there is a small charge on sell orders, known as an activity assessment fee, which ranges from $0.01 to $0.03 per $1,000 of principal. Additionally, there are no-transaction-fee mutual funds available for purchase, but a $49.95 fee is charged if these funds are sold within 60 days of purchase. For other mutual funds, a purchase fee of either $49.95 or $75 is charged, depending on the fund. It's important to note that Fidelity does not charge a fee for transferring assets from another institution, but your current firm may impose fees for sending your assets to Fidelity.

No fees for US stocks, ETFs, and options trades

Fidelity offers $0 commission trades for online US stocks, ETFs, and options. This means that there are no fees for buying US stocks, ETFs, and options trades. However, there is a small charge on sell orders, as they are subject to an activity assessment fee of $0.01-$0.03 per $1,000 of principal. There is also a $0.65 per contract fee for options trades.

Fidelity's fee structure is transparent, and there are no account fees or minimums to open a retail brokerage account. This makes Fidelity a good choice for those looking to avoid fees when investing.

It is important to note that there may be other fees associated with trading, such as mutual fund fees, margin rates, and withdrawal fees. Additionally, international stock trade fees are relatively high. Be sure to review the full schedule of commissions and fees before trading.

No account fees or minimums to open a retail brokerage account

Fidelity offers a range of investment options with no account fees or minimums to open a retail brokerage account. This includes IRAs and a variety of investment choices such as stocks, ETFs, options, mutual funds, bonds, and CDs.

With a Fidelity brokerage account, you can take advantage of $0 commission trades for online US stock, ETF, and option trades. This means there are no barriers to getting started with investing and you can easily transfer your assets to Fidelity without needing to sell your current holdings.

Fidelity also offers a wide range of tools and resources to help you make informed investment decisions, including independent research from 20+ providers, advanced trading platforms, and a user-friendly mobile app.

It's important to note that while there are no account fees or minimums for retail brokerage accounts, there may still be expenses associated with specific investments, transactions, or other account features. Be sure to review the detailed pricing information provided by Fidelity to understand all the fees that may be applicable to your specific situation.

No inactivity or withdrawal fees

When it comes to inactivity and withdrawal fees, Fidelity offers a highly advantageous proposition to investors. Here are the key points to note:

No Inactivity Fees

Fidelity does not charge any inactivity fees, even if your account remains idle for an extended period. This is a significant benefit for long-term investors, as many brokers charge inactivity fees when you fail to trade or use your account for a prolonged period. With Fidelity, you can rest assured that your account will not be subject to any inactivity fees, regardless of how frequently or infrequently you use it.

No Withdrawal Fees for ACH and USD Wire Withdrawals

Fidelity also stands out for not charging withdrawal fees for ACH and USD wire withdrawals. This feature is particularly beneficial if you frequently transfer funds or need to access your money through these methods. However, it is important to note that non-USD wire withdrawals incur a 3% charge on the amount withdrawn.

No Account Fees

Fidelity does not charge any account fees for retail brokerage accounts. This means that you can open and maintain an account without incurring any account maintenance or administration fees. This is especially advantageous if you are just starting with investments or have multiple accounts.

No Minimums to Open a Retail Brokerage Account

In addition to waiving account fees, Fidelity also eliminates minimum balance requirements for opening a retail brokerage account, including IRAs. This feature is ideal for new investors who may not have a substantial amount of capital to start with. You can open an account and begin investing with whatever amount you are comfortable with.

No Commission on Trades

Fidelity offers $0 commission on online US stock, ETF, and option trades. This means that you can buy and sell these securities without paying any additional fees, maximizing your potential returns. However, it is important to note that there is a small charge on sell orders, known as an activity assessment fee, which ranges from $0.01 to $0.03 per $1,000 of principal.

In summary, Fidelity's fee structure is highly competitive, with no inactivity, withdrawal, account, or commission fees for specific trades. These features make Fidelity an attractive option for investors looking to minimize fees and maximize their investment returns.

No-transaction-fee mutual funds

No-transaction-fee (NTF) mutual funds are a type of mutual fund available through Fidelity's FundsNetwork®. Fidelity offers over 200 funds, including stock, bond, money market, asset allocation, and index mutual funds.

NTF funds are one of three types of mutual funds available through Fidelity FundsNetwork, the other two being transaction fee (TF) funds and load funds. NTF funds are available with no transaction fees, meaning you can buy or sell without paying a brokerage fee or commission. However, it's important to note that there may still be other fees and expenses associated with these funds, which are described in the fund's prospectus.

To avoid fees when buying or selling mutual funds, you can choose a fund without a transaction fee or a load, such as the funds in Fidelity's NTF program. When selling a fund that is part of the NTF program, make sure you hold the fund for more than 60 days to avoid a fee. Additionally, be sure to check the fund's prospectus for complete details on fees, as the fund itself may impose redemption fees.

Fidelity also offers $0 commission trades on online U.S. equity trades, exchange-traded funds (ETFs), and options, as well as $0 expense ratio index funds.

With Fidelity's FundsNetwork, you can access over 10,000 funds from hundreds of fund companies and take advantage of extensive offerings of funds with no transaction fees.

Low fees for trading stocks

Fidelity offers $0 commission trades, with no account fees and no minimums to open a retail brokerage account. This includes online US stock, ETF, and option trades.

There are some exceptions to the $0 commission, such as a $1 per bond or CD in secondary trading, and a $0.65 fee per contract on options.

Fidelity also offers a range of mutual funds with no transaction fees, and no minimum investment.

If you're looking for a low-fee broker, there are several other options to consider:

• SoFi Active Investing: $0 for stocks and options contracts, with a high-yield savings account for uninvested cash.
• ETRADE: Commission-free, with low fees for other services.
• Robinhood: $0 for stocks, ETFs, and options, with a 1% IRA match.
• Webull: $0 for stocks, ETFs, and options, with advanced mobile trading features.
• Interactive Brokers: $0 stock trades, with access to over 150 markets.
• J.P. Morgan Self-Directed Investing: $0 commissions for online US stock and ETF trades, with no-transaction-fee mutual funds.

When choosing a low-fee broker, it's important to consider not just the trading fees, but also the other costs such as account fees, margin rates, and contract fees. It's also worth looking at the level of customer service provided, the range of investment options, and whether there are any additional features such as access to research and analysis tools.

Frequently asked questions