Fidelity Guide – Read our In-Depth Fidelity Review
This Fidelity review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Fidelity review does not apply to US users.
If you are a new entrant in the realm of trading and brokerage, so many details will be perplexing for you. Getting into the world of trading requires expert assessing skills and thorough knowledge. You'll acquire proficient at all of the concepts of broker since you keep trading. For starters, you have to choose the ideal agent who will be transparent with you always.
Within this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment plan will create hefty returns. Fidelity is just one such stage that will take you and your investment to great heights. It's crucial to know about Fidelity until you trust them with your cash.
Our full Fidelity Review covers all you need to know about trading with Fidelity. A good broker can multiply your first investments and give you favorable profits. If you would like to make profits, you should trade with a brokerage service that contrasts with your investment goals.
There is no sure-fire method to guarantee profits; thus, you must carefully assess your broker before you select them. It is a common misconception that all agents are exactly the same, but that is not correct. Wrong judgment, initially, can put your investments at risk.
Fidelity is a broker that has paved its way successfully into the broker world. In this review, we've attempted to collate some of the vital facets of Fidelity. This review will allow you to understand whether Fidelity is a fantastic match for your own investments or not. We have attempted to breakdown all of the features and charges for your convenience.
Fidelity Review, Table Of Contents
- Who are Fidelity?
- Benefits Of Trading With Fidelity
- Everything you should know about trading with Fidelity
- Is Fidelity Safe To Trade With?
- Pro's & Con's Of Trading With Fidelity?
- Compare Brokers Similar To Fidelity
- Regulation And Licencing In More Detail
- Fidelity Awards
- Minimum Deposit Required For A Live Account With Fidelity
- Fidelity Commission And Fees Explained
- Compare broker fees against Fidelity
- Fidelity Withdrawal Fees Explained
- Fidelity Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Fidelity?
- Alternatives To Fidelity
- Frequently Asked Questions About Fidelity
Who are Fidelity?
Fidelity is a foreign exchange broker headquartered in USA and provides a range of instruments for trading. Since its establishment in 2008, Fidelity has emerged as a top player in the industry of online brokerage. Fidelity has a highly competitive and full-featured trading website that's focused on forex, indices, metals, shares, commodities.
Over the past 13 years, Fidelity has grown into one of the leading online brokers.
After establishing in 2008, their client base is becoming as big as 10,000+ clients.
Fidelity is a favorite for many traders.. Our Fidelity review found that they're an superb alternative for automated trading solutions. It is most appropriate for investors who are looking for an assortment of assets. Social and automated trading solutions are the core at Fidelity.
Technology plays a significant role in Fidelity. Fidelity offers trading on iPad, iPhone, Android, Windows Phone 8 device, Website, Trader Pro. Fidelity is fair, transparent, and a well-regulated agent by the Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC). Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house research.
The educational department at Fidelity is quite enlightening for new dealers since it permits them to have a closer look in the financial markets. Fidelity caters to all sorts of traders and are a must-have broker for almost any well-diversified approach to trading.
If you feel that Fidelity is not right for you then at the bottom of this Fidelity review you wil find a lot of alternatives to Fidelity.
Everything you should know about trading using Fidelity
Fidelity is a dynamic platform that offers various methods of trading online. These tools cover the monetary markets considerably. The Majority of the broker platforms provide fewer approaches than Fidelity
If you want to trade with Fidelity, you'll require a minimum deposit of $100. This deposit is mandatory if you would like to start trading with Fidelity. This 2021 Fidelity review will direct you safely about trading with them.
Fidelity is as versatile as another brokerage platform. Fidelity is excellent for traders that want a manageable range of low-cost services. The platforms supplied by Fidelity are third-party, white-label offerings. All traders may select from iPad, iPhone, Android, Windows Phone 8 device, Website, Trader Pro.
Along with everything, Fidelity has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a transaction has to be kept open. The brokers offer premium customer service which rewards clients with advantages.
Many less reputable brokers attempt to pressurise users into larger financing for superior services. Fidelity, on the other hand, is much more focused on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the more benefits will come along.
Fidelity accounts are available globally and provides outstanding service wherever they have clients. There are a few countries where Fidelity accounts are not available. Traders in the following countries cannot open or use a Fidelity account:
Is Fidelity Safe To Trade With?
Established in 2008, Fidelity has been operating for 13 years, they are headquarted in USA.
Fidelity is regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC). These figures have rules that mandate that trading platforms have ploicies in place to maintain investor's assets procured. This usually means that Fidelity users don't need to worry about their money as it's segregated and safely stored in established banks. SSL encryption secures every user's private information also.
You are able to make use of a choice for Two Factor Authentications (2FA) with Fidelity for increased safety. An SMS for the confirmation code will be sent to a mobile phone. You'll be asked to enter this code to log in to your account.
Another concern with fiscal brokers with regards to security may be manipulation of trading. This is highly disadvantageous to consumers on these platforms. However, this is more prevalent in the example of Market Maker brokers who compete with customers on the platform.
Pro's & Con's Of Trading With Fidelity
Every online trading platform will have some ups and downs, and no Fidelity review would be complete without having a balanced approach. This Fidelity review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- Fidelity is trusted by 10,000+ clients
- Fidelity doesn't charge inactivity fees
- Fidelity doesn't charge deposit fees
- Fidelity doesn't charge CFD fees
- Fidelity offer trading on iPad, iPhone, Android, Windows Phone 8 device, Website, Trader Pro
- Fidelity offer 98 trading instruments
- Fidelity trades major forex pairs
- Fidelity can communicate in
- Fidelity does not offer Negative Balance Protection
- Fidelity does not offer Guaranteed Stop Loss
- Fidelity charge withdrawal fees
- Fidelity doesn't trade minor forex pairs
- Fidelity doesn't trade exotic forex pairs
- Fidelity doesn't offer trading on cryptocurrencies
Fidelity Review - Compare Brokers Similar To Fidelity
|Fidelity||Hargreaves Lansdown||IronFX||XGLOBAL Markets|
|Regulated By||Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC)||Financial Conduct Authority (FCA)||Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)||Cyprus Securities and Exchange Commission (CySEC)|
|Find Out More|
|Risk Warning||Your capital is at risk||Losses can exceed deposits||Your capital is at risk||Your capital is at risk|
Fidelity Review - Regulation And Licencing In More Detail
Fidelity is regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC).
Fidelity, as a business, has a powerful collection of rules for ensuring honest trading onto its platform. For information encryption functions, it supplies an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Fidelity Review - Awards
- At the time of writing this Fidelity review, they had not received any awards.
Fidelity Review - Minimum Deposit Required
The minimum deposit you need to get started on Fidelity is $100. This is a decent amount for people just beginning. It's possible to make more advanced residue as you go along. However, ensure you understand how to make the most of your cash before investing larger sums.
Fidelity Review - Commission And Fees Explained
Fidelity is an online brokerage platform, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled much better. That is, an internet broker isn't necessarily affected by the number of clients they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily three types of fees for this purpose.
The first kind of charges to look out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you are charged trading charges. In such instances, you are paying a spread, funding rate, or a commission. The sorts of trading fees and the prices vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the flip side, a spread denotes the gap between the buying and selling price. Financing or overnight rates are people that are billed when you hold a leveraged position for longer than daily.
Aside from trading fees, online brokers also bill non-trading fees. These are determined by the activities you undertake on your accounts. They're billed for operations like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, Fidelity does not charge high fees in comparison to other online agents. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for people who regularly trade, such as daily or weekly trading.
But, non-trading fees billed by Fidelity are comparatively competitive. As a result, you're billed more for non-trading activities in your trading account, like deposits and withdrawal. These aren't about the sale and purchase of assets.
This Fidelity review breaks down every one of the relevant non-trading fees for you in detail.
Compare broker fees against Fidelity
|Fidelity||Hargreaves Lansdown||IronFX||XGLOBAL Markets|
|CFD Fees||Yes (0.1%)||No|
Fidelity Review - Withdrawal Fees Explained
Fidelity charges a withdrawal fee if you make a bank transfer. Every time you move money into your bank accounts, these withdrawal fees become important.
Withdrawal of cash is possible at any time from the Fidelity account. It's possible to withdraw sums up to the amount of your account balance, keeping aside the margin used. 1 thing to remember is that you don't necessarily have to have any cash on your account.
In addition, the withdrawn money will be transferred directly to the account you use to create deposits. Therefore, if you used a credit card for deposits, then the withdrawn cash will be sent into the card. Fidelity will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you are withdrawing cash in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you're choosing to draw in.
Fidelity Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of the buzzing questions that run through your mind when open an account with Fidelity. An inactivity fee is an amount charged to registered traders who have not participated in purchasing or selling for some time. The period considered inactive is decided by the broker.
The inactivity fee differs from one broker to another and is not generalized. If a traders account doesn't have a purchasing or selling transaction, it is maintained by the broker as an inactivity fee. The traders need to pay this commission under conditions and terms that they had agreed while registering.
Fidelity doesn't charge inactivity fees so you are free to use your account as needed
Even if no fees have been indicated by Fidelity, it is better for you to close the account if you are inactive. Inactivity fees are not just charged by broker firms but also many financial services.
For other trading platforms, the inactivity fee depends on the sort of account you have selected. The inactivity fee is subjected to a lot of conditions and should be revealed clearly by the agent beforehand.
Fidelity Review - Deposit Fees Explained
When you transfer money in your trading account by your bank account, a deposit fee can be charged by the broker. Most brokers do not charge an excessive amount of money for this operation.
Fidelity doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money on the Fidelity trading platform is easy. You simply need to finish a single-user profile survey to start depositing money into your trading account. You'll have to provide an identity proof and proof of residency to deposit substantial amounts.
Fidelity Review - Compare Broker Deposit Methods
|Fidelity||Hargreaves Lansdown||IronFX||XGLOBAL Markets|
What Can You trade With Fidelity?
Note: Fidelity provides many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered may be different based on the country of residence of the client.
Fidelity has a wide variety of over 98 instruments available for you to trade with.
If trading currency pairs is of interest to you then Fidelity offer over forex pairs.
Compare Fidelity, Hargreaves Lansdown, IronFX & XGLOBAL Markets below.
Alternatives To Fidelity
If, after studying this Fidelity review, Fidelity doesn't meet your needs check out these Fidelity alternatives.
We've scoured the internet to find the best alternatives to Fidelity. Click the links below to learn more.
Frequently Asked Questions about Fidelity
Can I try Fidelity before I buy?
Yes, you can most definitely try Fidelity before you buy. Fidelity provides demo accounts for the ease of inexperienced traders. You may use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register for a demo account on Fidelity, you may set out with a decent amount of virtual money. It is to establish a sense of safety and confidence in you until you decide to invest your own money.
With this virtual Fidelitydemo account, you can experiment at all, to whatever period you desire. You can also start positions, test different trading approaches, and more.
Fidelity specifies on its official site which you are able to trade real time stocks with your demo account.
Is Fidelity safe?
It is possible to drop all of your worries since we believe that Fidelity is perfectly safe to use. It's in compliance with the principles of Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC).
Even so, Fidelity doesn't provide assured stop-loss protection.
Why does Fidelity ask for my passport?
The reason that Fidelity asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Fidelity has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Fidelity must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Fidelity?
The process to start trading withFidelity is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Fidelity website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with Fidelity is $100. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Fidelity.
The best way to kickstart your trading career with Fidelity is to open a demo account facility before risking any real money
What funding methods do Fidelity accept?
There are multiple methods to fund your accounts with Fidelity. The process is effortless and quick, with various payment methods in your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You have to bear in mind that PayPal isn't available in every place. The currencies Fidelity
Is my money safe with Fidelity?
Yes, your cash is safe and protected with Fidelity. As you already know, Fidelity works with proper conformation to. It has established lots of measures to guard all its investors.
Fidelity safeguards its customers' personal and sensitive information under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you wish to further safeguard your account, it is possible to empower Two-Step Verification as well. It requires an SMS confirmation that you access your accounts.
Is Fidelity trading good?
Yes, trading through Fidelity is a pleasant and good experience indeed. It is an excellent and intuitive platform with helpful features for your simplicity. In addition, you can also gain access to a huge collection of educational resources and assistive material to kickstart your trading expertise.
If you remain skeptical, you can start a eToro demo account and assess the credibility of the platform on your own.
Which Countries does Fidelity support?
Fidelity operates around the world. However, due to regulations there are some countries that Fidelity does not accept clients from
Is Fidelity legit?
Fidelity is a legit company headquarted in USA since 2008. They are regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC). Fidelity is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Fidelity a good broker?
Fidelity is an excellent agent, and its own users can vouch for it. The highlight of the platform is its quick order execution on trades.
You'll find the clean layout of the platform along with the commendable features that a pleasure to work with.
Is Fidelity a trustworthy broker?
Yes, Fidelity is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Fidelity?
The minimum deposit to open a live account with Fidelity is $100
How long do Fidelity withdrawals take?
Normally, withdrawal of money from Fidelity is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Fidelity to show in your bank account.
Are Fidelity regulated?
Fidelity are regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC)
Is Fidelity a market leading broker?
Fidelity is indisputably among the business leaders. It supports over 10,000+ registered customers and over 13 years of experience on its own record. They are among the world's leading trading platforms and a prominent figure in the Fintech revolution.
It simplifies this status to its incredible platform and broad range of tools plus resources so you may invest in capital markets.
Is Fidelity a con?
No, Fidelity is not a con. They are regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) and must adhere to their rules. Thus, it is safe to say that Fidelity is not a scam.
Can you make money with Fidelity?
Through Fidelity, many traders earn a lot of money. But typically, through continual trading, you also can make between 2% - 10% profit a month.
This may seem like a little number, but within the year, this adds to a substantial number of gains. Even though Fidelity supply you all the tools to earn money, they cannot guarantee you will gain.
Does Fidelity have fees?
Yes. To start trading using Fidelity, you need to deposit $100. Certain commissions while trading additionally apply. Any processing fees from your bank will need to be incurred by you.
When was Fidelity founded?
Fidelity was founded in 2008 in USA. Fidelity is regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC).
How many people use Fidelity?
Fidelity is a worldwide recognised agent with 10,000+ clients.
Where is the Fidelity head office?
Fidelity has its head office in USA
Does Fidelity offer negative balance protection?
No. Fidelity doesn't offer negative balance protection. If your balance is unfavorable, Fidelity suggests that you promptly contact customer services. For this, you can correct any imbalances in your own account.
Does Fidelity offer guaranteed stop loss?Fidelity regrettably, doesn't provide guaranteed stop loss. Fidelity provides an opportunity to its traders to close their trade in their specified price. Aside from that, Fidelity does not provide guaranteed stop loss.
Does Fidelity allow scalping?Yes, Fidelity do allow scalping. Several traders across the world select Fidelity due to their services that are trading. They offer trading on iPad, iPhone, Android, Windows Phone 8 device, Website, Trader Pro which let this.
Does Fidelity allow hedging?
Yes, Fidelity does allow hedging.
Can you trade energies with Fidelity?
No, unfortunately you cannot trade energy stock with Fidelity
Can you trade agricultural shares with Fidelity?
No, unfortunately you cannot trade agricultural stock with Fidelity
Can you trade cryptocurrency with Fidelity?
No, unfortunately you cannot trade cryptocurrency with Fidelity
Can you trade metals with Fidelity?
No, unfortunately you cannot trade metals with Fidelity
Can you trade UK Shares with Fidelity?
No, unfortunately you cannot trade UK shares with Fidelity
Can you trade US Shares with Fidelity?
Yes, you can trade US shares with Fidelity
Can you trade Japanese Shares with Fidelity?
No, unfortunately you cannot trade Japanese shares with Fidelity
Can you trade German Shares with Fidelity?
No, unfortunately you cannot trade German shares with Fidelity
Does Fidelity accept bank transfers?
No, Fidelity does not accept bank transfers.
Does Fidelity accept credit cards?
No, Fidelity does not accept credit cards.
Does Fidelity accept PayPal?
No, Fidelity does not accept PayPal.
Does Fidelity accept Skrill?
No, Fidelity does not accept Skrill.
Does Fidelity accept Payoneer?
No, Fidelity does not accept Payoneer.
Does Fidelity accept Neteller?
No, Fidelity does not accept Neteller.
Does Fidelity offer Live Chat customer support?
No, Fidelity does not offer customer support through live chat.
Does Fidelity offer phone customer support?
No, Fidelity does not offer customer support over the telephone.
Does Fidelity offer email customer support?
No, Fidelity does not offer customer support through email.
What languages can Fidelity communicate in?
Fidelity has the ability to communicate and support customers who speak:
Does Fidelity have a wikipedia page?
No, Fidelity does not have an official wikipedia page.
Does Fidelity offer demo accounts?
Yes, Fidelity offers demo accounts so you can learn their systems before risking any real money.