Fidelity Online Stock Broker Speed Review

Fidelity has an award-winning trading site ranked #1 Premium Discount Broker by SmartMoney and is designed around offering personal assistance and 24/7 support to help investors succeed. The service offers numerous trading tools, fast execution guaranteed, and connects clients with investment centers across the United States.

Some of the reasons for investors to choose stock broker Fidelity over competitors Zecco, TradeKing, ShareBuilder, Scottrade, OptionsXpress, TD Ameritrade, and Etrade are:

1. Online Stock Trades can be as low as $8 (range is $8.00 - $19.95)*

2. 1-second trade execution guarantee

3. 24/7 access to investment/trading representatives

4. Dedicated trading specialists for active traders

5. Over 100 investor centers throughout the US

6. Portfolio back-testing for investment pros

7. Real-time portfolio analysis

8. Wireless access to portfolio tools with Fidelity Anywhere

9. Interlink all your Fidelity accounts including checking

10. Exercise corporate stock options with Fidelity Stock Plan Services

11. Gain free access to Active Trader Pro by making 36 trades per year

The services Fidelity offers its clients are pretty impressive. To unlock all the tools though you have to be active and trade with a large account. If you can meet the minimum requirements it will make a world of difference when trading with Fidelity as an online stock broker.

*$8 trades if you make 120+ trades per year or have $1 million in household assets, $10.95 trades if you make 36 trades per year or $50k household assets, and $19.95 standard rate for all customers regardless.

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Comments

  1. Posted by 13th_Floor on July 13, 2008 at 11:46 am

    Regarding your post "how to get realtime quotes for free" I did the same thing to keep Scotts scrolling hod list (which has easily made me over 100k in the last 6 months).

    I had over $50k in Scott account but I could not take their SLOW servers/SLOW exacutions any more.
    Plus their lack of shorts (as a daytrader I need as many short possiblities as I can get borrows on ).

    So I transferred all but the minimum $500 needed to keep (and of course OPEN a new account )over to a daytrader friendly broker.

    Myself I also love Scotts watchlist setup, so I'd say to anyone looking for a pretty good platform and free real quotes for $500 I think it's a pretty good deal especially since there are no inactivity or maintenance fees involved.

  2. Posted by Brandon on July 14, 2008 at 11:21 pm

    I used to have a Fidelity account eons ago...so glad I made the switch to TDA!

  3. Posted by Blain Reinkensmeyer on July 16, 2008 at 12:04 am

    Interesting feedback, I would be curious to hear from a Fidelity member who is an active trader.

  4. Posted by RayJMan on July 23, 2008 at 5:37 am

    I haven't had any issues with Fidelity. Well I take that back, I did have 1 share that filed on a partial out of a 99 share lot and I got charged an $8 commission!
    I called Fidelity and they credited the commission, also their customer service has always been oustanding.
    I run both Scott and Fidelity, but on Fidelity, they actually gave me a credit on a one second guarantee on a trade. I can't comment on shorting as I usually use a different vehicle on my IRA (ETFs).
    The new Active Trader Pro is a significant improvement. News is much better now and you can actually read an earnings report and balance sheet and it's pretty concise. I still prefer dow jones real time streaming, so far as I know, Scott has the advantage there still.
    ATP Pro also has preferences you can set on the bid/ask for limit orders which are really nice and sometimes you can play the volatality and get a bit better of a price.

  5. Posted by RayJMan on July 23, 2008 at 5:47 am

    Actually, on above, nevermind on the 1 second guarantee, just to be clear on Fidelity, I didn't even have to call! Something happened with the market maker I believe. They credited my account and I didn't even have to call them and it was taken care of. It was only around $25, got a better share price, but every little bit helps!

  6. Posted by OnlineBrokerReview on November 23, 2008 at 4:08 pm

    I found that Fidelity is a decent service (especially the research tools which are top notch) but is not in the same league as Scottrade, TD Ameritrade and Schwab.