Fidelity review conducted by TopForexBrokers.com experts for those want to invest with Fidelity Investments broker,In this Fidelity Bank review you will know about Fidelity 401k or how to do Fidelity Login, You will also know what is Fidelity Adviser or how much is Fidelity International fees. The professional investors and financial advisors at ForexSQ.com have evaluated numerous financial service companies, products offered
Fidelity Investments Reviews
History of Fidelity
Fidelity Management & Research Company (FMR Corp) was created in 1946 by its founding President Edward C. Johnson, II, who pioneered the company’s way into the world of financial investments. In 1957 Edward C. (Ned) Johnson, III joined the company as a research analyst and the two of them established the Fidelity Foundation which pledged the company’s support for the communities served by the company.
Fidelity purchased its first computer in 1965, which was a behemoth of a machine that served the company and its customers very well. Technological advances over the past decades have morphed those machines into what we know today as personal computers, at least one of which is in every home and office in the modern world.
Leading the way in the world of investments, Fidelity installed its first toll free “800” number for use by prospective and existing clients in reaching the company and its knowledgeable advisors and investors. Also in 1974 the firm launched the Fidelity Daily Income trust (FDIT), which was the first money market fund that offered a check writing feature.
After the federal government passed the Employee Retirement Security Act (ERISA) that allowed people to save money for retirement using Individual Retirement Accounts (IRAs), Fidelity offered its first IRA in 1975 and launched 403(b) plans in 1978 that were offered to non-profit organizations, educational institutions and government agencies.
Edward C. Johnson, III became Chairman and Chief Executive Officer (CEO) of FMR Corp in 1977 and under his leadership Fidelity was the first to offer 401(k) products and services for those entities and individuals who were investing using Fidelity’s mutual fund products.
The decade of the 80’s brought more innovations from Fidelity which included its first brick and mortar Investor Center, which was opened in Boston, Massachusetts in 1983 and provided customers access to free information and personal investment services and guidance that previously did not exist. Fidelity also introduced computerized trading using floppy disks via its Fidelity Investor’s Express (FIX) system which enabled customers to buy and sell shares of stock.
FMR Corp launched Plymouth Funds in 1986 which was available exclusively through broker-dealers and which was renamed Fidelity Advisor Funds in 1992. The firm developed Fidelity Select
Abigail P. (Abby) Johnson joined the firm in 1988 as an equity analyst and that same year FMR Corp began its Energy Conservation Program which aimed to reduce energy costs in all Fidelity offices.
In 1995 Fidelity secured its place in history by being the first mutual fund company to create a website (or “home page”) that provided internet access to the company and the products and services it provides.
The new millennium brought more innovation from Fidelity with its Fidelity Retirement Income Advantage that provided a comprehensive service for helping folks plan and manage their finances through and including retirement. In 2008 the firm introduced Fidelity WealthCentral which was the first in the industry of web-based wealth management that combined portfolio management and rebalancing with excellent customer services, financial planning and lucrative asset trading. The firm launched its Fidelity Patent Program in 2011 which was designed to protect its investors and their best innovative ideas through the creation and application of formal patents.
In 2014 Abigail P. Johnson was named CEO of FMR, LLC, the parent company of Fidelity, and today she competently heads the third generation of leadership for the privately owned financial services company that is synonymous with retirement accounts but is also a reputable banking institution and highly respected online brokerage firm that offers a wide range of financial assets for investment purposes with mid-range commission rates and excellent customer support services. Modern Fidelity account holders can utilize a Fidelity login protocol to access all of their Fidelity accounts conveniently from one website.
Fidelity’s banking services include Fidelity Cash Management Solutions that provides all the typical features of a checking account without involving a bank. There are no fees, no minimum balances and account holders get a free debit card, check writing privileges and automatic bill pay features.
Fidelity Rewards Visa Signature Credit Card charges no annual fee and earns unlimited 2% cash-back (deposited into a qualifying Fidelity Account). Card holders earn 2 points for every eligible dollar spent, there are no limits on rewards and points never expire. These state of the art credit cards offer Digital Wallet options (Apple Pay, Samsung Pay, Android Pay) as well as exceptional fraud monitoring and EMV chip technology to protect personal information EMV (acronym for Europay, MasterCard and Visa) is the international security standard for chip technology for debit and credit cards.
Fidelity Investment Brokerage
Investors who open Fidelity trading accounts will be able to access investment opportunities in a variety of assets that include stocks, bonds, certificates of deposit (CDs), options, Exchange Traded Funds (ETFs), mutual funds, sector funds and more.
Fidelity Trading Platforms
These assets can be accessed and traded online through Fidelity’s website or more experienced traders may prefer to use Fidelity’s ActiveTraderPro
Pattern and event recognition
Streaming watch lists and customizable quotes
Preset filters to track technical events, options or market movers
Advanced option analytics
Integrated time and sales tools
Real time and historical equities and options data
Multiple equity and option order capabilities
Conditional orders; trade unsettled funds; day trading in retirement accounts
Trading on leverage directed equities and options
Multiple portfolio management tools
Real-time integration of positions, balances and history
Options and Account Summaries
Enhanced balance displays
Preset custom layout
Fast and advanced order entry with “quick cancel” and “replace” options
24/7 customer support services
ActiveProTrader Demo Account
The trading platform can be downloaded directly from Fidelity’s website, as can an ActiveProTrader Demo Account for becoming familiar with the trading platform and practicing trading of various assets in different virtual financial trading markets.
Fidelity Mobile App
Investors who trade with Fidelity can enjoy all the features of the ActiveProTrader platform using mobile applications designed for use with a large variety of hand held electronic mobile devices, including iPhones, iPads, Androids, Kindle Fire, Windows Phone 8 and Apple Watch.
Fidelity Account Types
In addition to the ActiveProTrader Demo Account previously mentioned, Fidelity offers a large variety of Account Types that include Investing and Trading, Saving for Retirement, Managed Accounts, Saving for Education, Charitable Accounts, Estate Planning, Annuities and Life Insurance.
Investing and Trading Accounts
Brokerage Accounts (Fidelity Accounts) that offer all features associated with online trading of stocks, bonds, mutual funds, options, ETFs and more, along with valuable tools and access to investor research.
Brokerage and Cash Management Accounts offer the amenities of the Fidelity Account as well as the full features of Cash Management Accounts, details of which are available on Fidelity’s website.
The Fidelity Account for Businesses is a low cost brokerage account that provides comprehensive trading and cash management features that help owners manage all their business finances.
Fidelity 401k Saving for Retirement Accounts
Rollover IRAs allow customers to consolidate old 40l(k), IRAs or other retirement plans into a new Fidelity Rollover IRA account that provides important tax advantages and an easy means of maintaining investments.
Traditional IRAs allow for tax-deferred savings for retirement until the time of withdrawal, at which time those withdrawn funds will be taxed at whatever that future tax rate may be. More information about Traditional IRAs can be found on the Fidelity website.
Roth IRAs are not tax-deductible which means that withdrawals from these types of IRAs can be made tax free as long as certain criteria are met. These IRA accounts are best for those who can make higher Roth contributions and who think their tax rates will be higher when they retire.
Roth IRA Accounts for Kids are owned by a minor and managed by an adult. As long as the minor has qualified earned income, after-tax contributions can be made to the account (annual limits apply) and withdrawals from the account can be made tax-free upon meeting certain conditions, the details of which are available on Fidelity’s website.
Inherited IRAs are self-explanatory and can be in the form of Traditional, Simple SEP IRAs, or other work related retirement plan, and can be moved into a Fidelity Inherited IRA account which is subject to minimum required distributions and tax deferred growth potential.
SEP IRAs are designed for self-employed individuals or owners of small businesses.
Self-Employed 401(k) accounts are also designed for self-employed individuals and small business owners who have no employees and want to make more money online.
Simple IRAs offer tax deferred savings and pre-tax contributions for self-employed people and small businesses with less than 100 employees.
Investment Only Plans for Small Business (also known as the Fidelity Non-Prototype Accounts) are also designed for small businesses with existing qualified plans whose employees would like to expand their investment opportunities to include those assets offered by Fidelity.
Fidelity 40l(k) Plans for Small Businesses allow businesses to offer retirement plans to employees with employee deferral contributions and employer matched contributions and include a wide array of convenient features.
Fidelity Managed Accounts
For those investors who don’t have the requisite knowledge to successfully trade in financial markets or who may have the knowledge, but lack the time necessary to properly research investments and follow them from beginning to end, Fidelity offers Managed Accounts which are model portfolios of stocks, bonds and mutual funds that are completely overseen and managed by experienced financial professionals at Fidelity. As with Retirement Accounts, Fidelity offers a variety of Managed Accounts which include:
Fidelity Portfolio Advisory Service Accounts require a minimum investment of $50,000 and provide a diverse portfolio (chosen by Fidelity professionals) of investments and professionals manage every aspect of the account, including making additional investments in assets similar to those of the portfolio. Advisory fees are charged for these accounts.
Fidelity Personalized Portfolios require a minimum investment of $200,000 and portfolios consist of stocks, bonds, mutual and exchange-traded funds specifically selected by Fidelity’s Strategic Advisers for the needs of its clients. These accounts include professional management of clients’ trust assets and an annual gross advisory fee is charged.
Fidelity GoSM Accounts couldn’t be any simpler: answer a couple questions and Fidelity will suggest a diverse portfolio of investments specifically designed for the timeline, goals and risk tolerance of each account holder.
BlackRock Diversified Income Portfolio Accounts require a minimum investment of $200,000 and are primarily comprised of ETFs (but may contain other assets). Fidelity’s professional investment team seeks to gain more income from these assets than that which can be realized using more common sources of income. Annual advisory fees are charged.
Breckinridge Intermediate Municipal Separately Managed Accounts (SMAs) require a minimum investment of $500,000 and are primarily comprised of intermediate term, investment grade municipal bonds spread across a wide array of issuers, sectors and maturities. Annual advisory fees are charged.
Fidelity Equity Income Strategy Accounts are SMAs that require minimum investments of $200,000 and seek long-term increase of income through capital growth greater than the S&P 500 but with less volatility than typical in the U.S. stock market. Investments are comprised of high quality dividend paying stock shares and annual advisory fees are charged.
Fidelity Tax-managed U.S. Equity Index Strategy SMA Accounts require a minimum investment of $200,000 and uses tax focused investment strategies on investments primarily comprised of U.S. stocks, but with returns typical of the S&P 500. Annual advisory fees are charged.
Fidelity Saving Accounts for Education
529 College Savings Accounts are flexible savings plans specifically for costs of attending college and require only $50 to open an account (or automatic contributions into the account of at least $15 per month). There are no income restrictions or annual account fees and these Accounts allow for high contribution limits and tax benefits.
Custodial Accounts (also known as Uniform Gifts/Transfers to Minors Acts – UGMA or UTMA) are brokerage accounts with multiple trade and cash management features. These accounts are overseen the by the adult opening the account on behalf of the named minor and all funds within the account are irrevocable gifts to only that named minor beneficiary. A minimum of $2,500 is required to open Custodial Accounts, which are accessible online for everyday use and involve no fees.
Fidelity Charitable Account
Fidelity’s Giving Account enables clients to support their favorite charities by donating cash, real property, stocks and more from one charitable account. A minimum initial deposit of $5,000 is required to open a Giving Account and administrative and trading costs are involved, but the Giving Account is a great way to consolidate and manage all charitable contributions from one charitable account, using investments to grow contributions.
Fidelity Estate Planning Accounts
Trust Accounts are fiduciary agreements that permit a Trustee to hold and manage assets on behalf of one or more beneficiaries. These Accounts allow for low-cost investing in stocks, bonds, options, no–load funds and more and involve no annual account fees, a minimum $2,500 initial investment and free trading of most Fidelity Mutual Funds.
Estate Accounts are comprised of the assets of a deceased person and are managed by the Estate Administrator to help protect assets of the Estate and make distributions to named beneficiaries. There is a minimum deposit requirement of $2,500, no account fees and free trading of multiple Fidelity mutual funds.
Fidelity Personal Retirement Annuities (FPRA) allow for tax-free retirement contributions beyond typical limits imposed on IRA funds and requires a minimum $10,000 initial investment. Investment choices include over 50 mutual funds and annual fees are imposed (25% on accounts with initial deposits under $1 million and 10% for accounts with initial deposits over $1 million).
Deferred Fixed Annuities offer a guaranteed rate of return for a set period of time (3 to 10 years) and allow for tax-deferred investment returns with minimum initial deposit requirements of $10,000.
Fidelity Freedom Lifetime Income Annuities are chosen by investors who want a lifelong stream of income that keeps pace with inflation and offers investments in choice Fidelity managed portfolios. These accounts help people reduce the risk of outliving their retirement savings, involve an initial investment of at least $25,000 and annual account and fund fees.
Intermediate Fixed Income Annuities provide a predictable guaranteed income for the rest of your life or other set period of time and require a minimum initial investment of $10,000.
Deferred Income Annuities allow an individual (or individual and their spouse) to enjoy a guaranteed income for the rest of their lives, beginning at some future time which can be from 13 months to 40 years after payment of the first premium. Minimum initial investment of $10,000 is required.
Fidelity Life Insurance
Universal Life Insurance
Fidelity offers two permanent Universal Life Insurance options through Massachusetts Mutual Life Insurance Company (MassMutual) which focus on providing lifetime guaranteed death benefits that intend to transfer the liquidity, wealth or estate of the insured to named beneficiaries. Various rate types and optional riders are available.
MassMutual UL GuardSM accounts are available for individuals between the age of 0 to 85 years and provide minimum coverage of $50,000 upon death and payment of premiums that can be billed annually, semi-annually or quarterly.
MassMutual SUL GuardSM accounts are available for two individuals between the ages of 18 and 85 years and provide minimum coverage of $100,000 upon their deaths and are designed for people who want to complete their joint estate plans by maximizing the wealth they plan to transfer to beneficiaries after the death of both parties.
Term Life Insurance
Fidelity Investments Life Insurance Company offers term life insurance (10, 15 and 20 years) and provides minimum coverage of $250,000 for individuals to provide financial resources to their dependents to help protect them if the account holder should pass away. Rates are determined by the health of the insured party and premiums can be paid monthly, semi-annually or annually.
Fidelity Minimum Deposit
As outlined above, different types of accounts have different minimum deposit requirements but, generally Fidelity brokerage accounts require a minimum initial investment of $2,500 ($0 for IRAs).
Fidelity Leverage and Margin Trading
Fidelity allows margin trading which lets traders leverage already owned securities to purchase more assets or to short-sell securities, access lines of credit and protect trading accounts from overdrafts. Fidelity’s margin rates start as low as 3.75% and include flexible repayment options.
Fidelity Fees and Commissions
Fidelity does not charge annual or inactivity fees, but there is a $50 fee to close an account. The firm offers 98 commission-free ETFs and over 3,000 no-transaction-fee mutual funds.
Fidelity offers 300 commission-free trades with an account funding of more than $50,000. Check the firm’s website for ongoing promotional opportunities and those for which the firm issues Fidelity promo codes for redemption.
Fidelity Spreads and Commissions
Like most online brokers, the Fidelity broker does not charge commissions for trades, hidden fees or other charges. The broker makes money by charging traders a slight spread that is included on all trading activities based on real time market values transacted by the client through the broker. Spreads start as low as 2 pips (points in percentage) for forex trades (depending on currency traded).
Traders should be aware that trading during volatile times created by adverse global events or financial news is much more risky and broker spreads tend to be wider.
The Fidelity leverage starts from 1:1 up to maximum 1:50, However the broker provides high leverage trading but if you are a newbie forex trader then avoid to use high leverage as it will increase to lose all of your capital.
Fidelity Margin Requirements
Fidelity margin requirements is fixed, The amount of margin that you are required with Fidelity to put up for each currency pair varies by the leverage. For example, If you use 50:1 leverage then you may be required to put up €200 to hold a €10,000 position.
Fidelity Deposits and Withdrawals
Clients using Fidelity trading accounts can deposit funds using a variety of methods that include credit cards, checks, bank wire transfers and PayPal. Trading account withdrawals can be conducted using the same methods and require proper identification of account holders in accordance with strict international financial guidelines designed to prevent financial crimes like identity theft and money laundering.
Fidelity Deposit Fees
The Fidelity Deposit fees is Zero, It means you will not pay any money as Fidelity deposit fess.
Fidelity Deposit Time
The Fidelity Deposit time is between 1 through 3 business day and it depends to the methods you deposit your Fidelity account.
Fidelity Withdrawal Methods
Fidelity withdrawal methods is various, Clients can using a variety of methods that include credit cards, checks, bank wire transfers and PayPal. Trading account withdrawals require proper identification of account holders in accordance with strict international financial guidelines designed to prevent financial crimes like identity theft and money laundering.
Fidelity Withdrawal Fees
The Fidelity Withdrawal fees starts from Zero up to $20, The Fidelity withdrawal fees depends to which country and methods you want to receive funds.
Fidelity Withdrawal Time
The Fidelity Withdrawal time is between 3 through 5 business day and it depends to the methods you Withdrawal from your Fidelity account.
Fidelity Withdrawal Problem
If you have any Fidelity Withdrawal Problem then you can contact the broker directly and if it dose not solve the problem then you can contact the regulators to solve your Fidelity Withdrawal Problems, You can also submit your Fidelity withdraw problems in the comment form below of the Fidelity reviews by ForexSQ.com forex trading website.
Fidelity Learning Center
Investors who choose Fidelity can utilize its extensive Learning Center that offers a large variety of live events, courses, lessons and new and archived webinars designed for beginning, intermediate and advanced investors that cover multiple investment topics that include financial assets, trading, investing, personal savings, college savings, charitable giving, retirement and day to day personal finance topics.
Fidelity Safety & Risk Management
Fidelity insurance products are offered by Fidelity Investments Life Insurance Company in Rhode Island and Empire Fidelity Investments Life Insurance Company, New York, NY. Fidelity’s insurance companies are strictly regulated by the individual states in which they are licensed to sell such insurance. Fidelity’s brokerage services are provided by Fidelity Brokerage Services LLC; asset custody and other services are provided by the National Financial Services LLC, both of which are Fidelity Investment companies and members of the New York Stock Exchange and the Securities Investor Protection Corporation (SIPC). All financial services of Fidelity are strictly overseen and regulated by the U.S. Securities and Exchange Commission.
Fidelity UK is overseen by the Financial Conduct Authority of the U.K. and other similarly strict regulatory agencies in other places where it conducts financial business, including countries in Europe and Asia.
Fidelity is regulated and licensed broker by:
- Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
- FIL Investment Services UK Limited regulated by FCA with registered number 121939.
Fidelity Customer Support Services
Fidelity maintains a staff of professional customer support representatives who are available 24/7 via live internet chat, telephone or by visiting one of over 180 nationwide Fidelity branch offices.
For login to Fidelity investments broker you can visit the broker website, After sign up you can check your email and do Fidelity login.
Fidelity Trading Hours
Fidelity Trading hours of operation coincide with the global financial markets. Online CFDs and Forex trading is available from Sunday 5 p.m. to Friday 5 p.m., New York time.
Fidelity Bitcoin Trading
At Fidelity you can buy or sell CryptoCurrencies like BTC but you can not deposit or withdrawal with Bitcoins, So Fidelity Bitcoin chart is available for trading.
Fidelity Live Chat
To get a fast support you can use Fidelity Live chat, The Fidelity Live Support is also available to support clients, To use Fidelity customer support just visit the broker’s website.
Below is Fidelity Office address in different countries:
Fidelity Investments Head Office Address is: 200 Seaport Blvd, Boston, MA 02210, USA.
Fidelity Investments Head Office Address in New York is: 61 Broadway, New York, USA.
Fidelity UK Address
25 Cannon Street, London, EC4M 5TA
Opening hours: Monday to Friday 9am – 5pm
Fidelity Phone Number
Below is complete list of Fidelity Phone Numbers in different countries:
For any questions about Fidelity US you can call: 800-343-3548
If you need help with an existing account call at: 800-544-6666
Fidelity Investments New York
Opens at 08:30
Fidelity Investments Boston
Opens at 8am–5pm
Fidelity UK Phone Number
Call Fidelity UK based customer service team on 0333 300 3350 any time between 8am and 6pm, Monday to Friday.
If you are a Fidelity Wealth customer you can call as on 0800 222 456 from 8am to 6pm, Monday to Friday.
Fidelity Review Conclusion
Fidelity has a long history of delivering exceptional financial products and services to its clientele and continues to lead the way in the world of retirement accounts, as well as firmly establishing the itself as a reputable bank and insurance company.
If there are any Fidelity complaints, one would have to be that Fidelity may be better suited to wealthy individuals, big companies and high volume traders who are rewarded by Fidelity by qualifying for using its more advanced trading platform, tools and expert trader support. To access the full range of Fidelity’s platform and trading tools, an investor has to place at least 36 trades per year and maintain a minimum of $25,000 in assets.
Fidelity’s brokerage accounts require a minimum initial deposit of $2,500 which is high compared to its competitors and investing in mutual funds also requires that minimum investment, but there is no minimum for IRAs. Mutual fund minimums can be avoided if you sign up for automatic investments of at least $600 per quarter.
Fidelity led the way with IRAs and has established itself as a major player in the financial services industry. Its reach extends from banking to investing and everything in between and therefore offers everything you need to plan your financial future and protect your beneficiaries and assets for generations to come.