Fidelity Guide – Read our In-Depth Fidelity Review
Fidelity Rating: 4.31 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
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 users in BR, KR, IR, IQ, SY, JP, US
If you are a new entrant in the realm of trading and broker, so many facts will be perplexing for you. Getting into the world of trading requires expert assessing skills and thorough knowledge. You'll acquire proficient at all the concepts of broker as you keep trading. For starters, you have to choose the ideal broker who'll be transparent with you always.
In this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment program will create hefty returns. Fidelity is one such stage that will take you and your investment to great heights. It's important that you understand all about Fidelity before you trust them with your money.
Fidelity Review – Brief Summary
Fidelity Telephone Number:
Fidelity Email Address:
Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC)
Number Of Clients:
10,000+ Fidelity users and traders
Fidelity Facebook Likes:
Fidelity Twitter Followers:
Fidelity Instagram Followers:
Your capital is at risk
|Fidelity Telephone Number:|
|Fidelity Email Address:|
|Regulated By:||Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC)|
|Number Of Clients:||10,000+ Fidelity users and traders|
|Fidelity Facebook Likes:||0|
|Fidelity Twitter Followers:||0|
|Fidelity Instagram Followers:||0|
Your capital is at risk
Our entire Fidelity Review covers everything you will need to know about trading using Fidelity. A fantastic broker can multiply your initial investments and give you favourable profits. If you would like to make profits, you should trade with a brokerage service that aligns with your investment objectives.
There is no sure-fire way to ensure profits; therefore, you should carefully assess your agent before you choose them. It's a common misconception that all brokers will be exactly the same, but that's not true. Wrong judgment, in the beginning, can put your investments at risk.
Fidelity is a broker which has forged its way successfully into the broker world. Within this review, we've tried to collate some of the important facets of Fidelity. This review will help you to understand whether Fidelity is a fantastic match for your investments or not. We have tried to breakdown all 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?
- Fidelity Risk Disclaimer
- 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 forex broker headquartered in USA and provides a variety of tools for trading. Since its inception in 2008, Fidelity has emerged as a leading player in the industry of online broker. Fidelity includes a highly aggressive 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 launching in 2008, their client base has become as large as 10,000+ clients.
Fidelity is a favourite of many dealers.. Our Fidelity review found that they're an superb alternative for automated trading options. They're most appropriate for investors that are searching for an assortment of assets. Social and automated trading solutions are the heart at Fidelity.
Technology plays a significant role at Fidelity. Fidelity offers trading on iPad, iPhone, Android, Windows Phone 8 device, Website, Trader Pro. Fidelity is honest, transparent, and a well-regulated broker by the Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC). Their outstanding array of tools will be beneficial for most traders. Third-party partnerships also supply in-house analysis.
The educational department at Fidelity is quite insightful for new dealers as 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 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 lively platform that offers various techniques of online trading. These instruments cover the monetary markets substantially. The Majority of the brokerage platforms provide less methods than Fidelity
If you would like to exchange with Fidelity, you will need a minimum deposit of $100. This deposit is required if you wish to start trading with Fidelity. This 2021 Fidelity review will direct you clearly about trading with them.
Fidelity is as versatile as another brokerage platform. Fidelity is excellent for traders that want a manageable selection of low-cost services. The platforms supplied by Fidelity are third party, white-label offerings. All traders may select out of iPad, iPhone, Android, Windows Phone 8 device, Website, Trader Pro.
Together with everything, Fidelity has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a transaction has to be kept available. The agents provide premium customer service which rewards clients with benefits.
Many unethical brokers attempt to pressurise customers into larger funding for superior services. Fidelity, on the other hand, is more focused on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the greater advantages will become available.
Fidelity accounts are available around the world and provides excellent service everywhere they have customers. There are some select few countries where Fidelity accounts are not available. Traders in the following countries cannot open or use a Fidelity account:
BR, KR, IR, IQ, SY, JP, US
Is Fidelity Safe To Trade With?
Launched in 2008, Fidelity has been open 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 ensure that trading platforms have steps in place to maintain investor's assets secured. This usually means that Fidelity users don't need to worry about their money as it is segregated and safely kept in established banks. SSL encryption secures every user's private information as well.
You are able to make use of an option for Two Factor Authentications (2FA) with Fidelity for increased security. An SMS with the confirmation code will be sent to your mobile phone. You will be asked to enter this code to log in to your account.
Another concern with fiscal brokers with respect to safety might be manipulation of trading. This is highly disadvantageous for consumers on these platforms. Nonetheless, this is more widespread in the example of Market Maker agents who compete with users on the stage.
Fidelity Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With Fidelity
Every online trading platform has some ups and downs, and no Fidelity review would be complete without showing both sides. 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 has low minimum deposit requirements
- Fidelity doesn't charge withdrawal fees
- Fidelity doesn't charge deposit fees
- Fidelity offers social trading
- Fidelity offers copy trading
- Fidelity offers trailing stop
- 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 English, and Chinese
- Fidelity does not offer Negative Balance Protection
- Fidelity does not offer Guaranteed Stop Loss
- Fidelity charge inactivity fees
- Fidelity doesn't trade minor forex pairs
- Fidelity doesn't trade exotic forex pairs
- Fidelity doesn't offer trading on cryptocurrencies
- Fidelity charge CFD fees
Fidelity Review - Compare Brokers Similar To Fidelity
|Fidelity||Corner Trader||Bell Direct||Vinson Financials|
|Rating||4.31 / 10||1.01 / 10||3.91 / 10||5.86 / 10|
|Regulated By||Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC)||Unregulated||Financial Markets Authority (FMA)||Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Your capital is at risk||Losses can exceed deposits|
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 company, has a powerful collection of rules for ensuring fair trading onto its platform. For data encryption functions, it provides an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, client information is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Fidelity Review - AwardsAt the time of writing this Fidelity review, and despite Fidelity’s impressive offering, the company has surprisingly not garnered any other awards to date.
Fidelity Trading Platforms
Fidelity are a reputable broker that has been trading for over 13 years. They offer a large range of options in their client accounts.
In the following table we take the main parts of any reputable broker and compare Fidelity with Corner Trader, Bell Direct, and Vinson Financials
Fidelity Review - Minimum Deposit Required
The minimum deposit you need to begin on Fidelity is $100. This is an adequate amount for those just starting out. You can make more complex residue as you cooperate. But, make certain you understand how to make the most of your money before investing in larger amounts.
Fidelity Review - Commission And Fees Explained
Fidelity is an online brokerage platform, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. In other words, an internet broker is not necessarily affected by the number of clients they have.
However, this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are mainly three different types of fees for this objective.
The first sort of charges to look out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you're charged trading charges. In these cases, you're spending a spread, funding rate, or a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread denotes the gap between the buying and selling price. Financing or overnight prices are those who are billed when you maintain a leveraged position for more than a day.
Apart from trading charges, online agents also charge non-trading fees. These are dependent on the activities you undertake in your account. They are charged for things like depositing cash, not trading for long periods, or withdrawals.
Generally, Fidelity does not charge high fees compared to other online brokers. For operations other agents 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 weekly or daily trading.
However, non-trading fees charged by Fidelity are relatively higher. As a result, you're charged more for non-trading activities in your trading account, such as withdrawal and deposits. These aren't about the sale and purchase of resources.
This Fidelity review breaks down every one of the relevant non-trading fees for you in detail.
Compare broker fees against Fidelity
Fidelity Review - Withdrawal Fees ExplainedFidelity doesn't charge withdrawal fees
Withdrawal of cash is possible at any time from the Fidelity account. It's possible to withdraw sums up to the sum of your account balance, keeping aside the perimeter utilized. One thing to remember is that you don't always need to have any cash on your accounts.
In addition, the withdrawn money will be transferred directly to the account you use to create deposits. Thus, in the event that you used a credit card for deposits, then the withdrawn cash will be sent to the card. Fidelity will ask you to provide 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 be dependent on the money you're choosing to draw in.
Fidelity Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions which run through your head while open an account with Fidelity. An inactivity fee is an amount charged to registered traders that haven't engaged in purchasing or selling for a while. The period considered inactive is decided by the broker.
The inactivity fee differs from 1 broker to another and isn't generalized. If a dealers account doesn't have a buying or selling transaction, it's claimed by the broker as an inactivity charge. The traders have to pay this commission under conditions and terms they had agreed while registering.
Fidelity charges an inactivity fee when you don't create any trades for a while.
Even if no fees have been implied by Fidelity, it's best for you to close the account if you're inactive. Inactivity fees aren't just charged by broker firms but also many financial services.
For other trading platforms, the inactivity fee is contingent on the sort of account you have selected. The inactivity fee is exposed to many circumstances and needs to be revealed clearly by the agent beforehand.
Fidelity Review - Deposit Fees Explained
When you transfer money into your trading account by your bank account, a deposit fee can be billed by the broker. Most agents 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 simple. You simply have to complete a single-user profile survey to begin depositing money into your trading account. You will have to provide an identity evidence and proof of residency to deposit substantial sums.
Fidelity Review - Compare Broker Deposit Methods
What Can You Trade With Fidelity?
Note: Fidelity offers many different trading instruments due to regulatory restrictions in various countries. Trading instruments offered will differ 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 forex pairs is of interest to you then Fidelity offer over forex pairs.
Compare Fidelity, Corner Trader, Bell Direct & Vinson Financials below.
Reviewing The Fidelity Mobile App
Note: Fidelity's mobile app has a lot of functions and is being developed all the time. What follows was correct at the time of compiling this Fidelity review.
Understand the capabilities of the mobile apps of Fidelity, Corner Trader, Bell Direct & Vinson Financials below.
Alternatives To Fidelity
If, after reading this Fidelity review, they do not quite meet your requirements 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 certainly try Fidelity before you buy. Fidelity provides demo accounts for the ease of new traders. You can use this feature to build your faith in the system and yourself and your trading strategies.
If you register for a demonstration account on Fidelity, you will set out using a decent amount of virtual money. It is to establish a sense of security and confidence in you until you choose to spend your own money.
With this virtual Fidelitydemo account, you can experiment at all, to whatever length you wish. You can also start positions, examine different trading approaches, and more.
Fidelity specifies on its official website that you can trade real time stocks in a demo account.
Is Fidelity safe?
You can drop all of your worries since we believe that Fidelity is totally safe to use. It is in compliance with the principles of Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC).
Nevertheless, 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 account with Fidelity is $100. You should have a good understanding of the details 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 a number of ways to finance your accounts with Fidelity. The process is effortless and quick, with various payment methods at your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You must bear in mind that PayPal isn't available in all country. The currencies Fidelity
Is my money safe with Fidelity?
Yes, your cash is safe and secure with Fidelity. As you know, Fidelity operates with proper conformation to. It's established lots of steps to guard all of its own investors.
Fidelity safeguards its clients' private and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you want to further protect your account, you can enable Two-Step Verification as well. It requires an SMS affirmation for you to access your account.
Is Fidelity trading good?
Yes, trading via Fidelity is a nice and decent experience indeed. It's a great and intuitive platform with helpful features for your simplicity. Moreover, you can also gain access to a vast collection of educational resources and assistive material to kickstart your trading expertise.
If you are still skeptical, it is possible to open a eToro demo account and assess the credibility of the platform for yourself.
Which Countries does Fidelity support?
Fidelity operates around the world. However, due to regulations there are some countries that Fidelity do accept clients from BR, KR, IR, IQ, SY, JP, US
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 a great broker, and its own users may vouch for this. The highlight of the platform is its fast order execution on trades.
You will find the clean design of this platform along with the admirable features 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 one of the business leaders. It supports over 10,000+ registered users and over 13 years of expertise on its own record. They are one of the world's leading trading platforms and also a prominent figure in the Fintech revolution.
It simplifies this status to its unbelievable platform and wide range of tools plus resources so you can put money into 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?
Using Fidelity, many traders earn a lot of cash. But typically, through consistent trading, you also can create between 2% - 10% profit a month.
This may seem to be a little number, but over the entire year, this adds to a significant number of gains. While Fidelity supply you all of the tools to make money, they can't guarantee you will gain.
Does Fidelity have fees?
Yes. To start trading with Fidelity, you need to deposit $100. Particular commissions while trading also applies. 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+ customers.
Where is the Fidelity head office?
Fidelity has its head office in USA
Does Fidelity offer negative balance protection?
No. Fidelity does not offer negative balance protection. If your balance is negative, Fidelity suggests that you promptly contact client services. For this, you can fix any imbalances in your own account.
Does Fidelity offer guaranteed stop loss?Fidelity unfortunately, doesn't offer guaranteed stop loss. Fidelity provides an opportunity to its dealers to close their trades in their specified price. Aside from this, Fidelity doesn't offer guaranteed stop loss.
Does Fidelity allow scalping?Yes, Fidelity do permit scalping. Several traders throughout the world select Fidelity due to their scalping services. They offer trading on iPad, iPhone, Android, Windows Phone 8 device, Website, Trader Pro which allow 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?
Yes, Fidelity accepts bank transfers for depositing money.
Does Fidelity accept credit cards?
Yes, Fidelity accepts credit cards for depositing money.
Does Fidelity accept PayPal?
No, Fidelity does not accept PayPal.
Does Fidelity accept Skrill?
No, Fidelity does not accept Skrill.
Does Fidelity accept Payoneer?
Yes, Fidelity accepts Payoneer for depositing money.
Does Fidelity accept Neteller?
No, Fidelity does not accept Neteller.
Does Fidelity offer Live Chat customer support?
Yes, Fidelity offers customer support through live chat.
Does Fidelity offer phone customer support?
Yes, Fidelity offers customer support over the telephone.
Does Fidelity offer email customer support?
Yes, Fidelity offers customer support through email.
What languages can Fidelity communicate in?
Fidelity has the ability to communicate and support customers who speak: English, and Chinese
Does Fidelity have a wikipedia page?
No, Fidelity does not have an official wikipedia page.
Does Fidelity offer demo accounts?
Yes, Fidelity offers virtual portfolio accounts so you can test your trading strategies before risking any real capital. New traders can open a demo account in order to better understand the aspects of Forex trading and test out some of the company’s features before signing up for a live account.