Fidelity Online Stock Trading Software Review
Fidelity is actually considered as of now as a one of a kind online broker because of its one-second trade execution guarantee on qualified orders or otherwise free trade commission.
If you are indeed looking for some brokerage services that will not keep you waiting while prices continue to change, then Fidelity is for you as it can surely execute your trades in no time.
However, it has a commission structure that may not only work for you but may work against you as well. Fidelity is also capable of playing with your emotions and budget as your charge rate goes up and down from as little as $8 per trade up to as much as $19.95 per trade.
Possible Costs
Working with Fidelity is quite costly. In fact, before you are able to open an account with such broker, you need to have at least $2,500. You also have to deal with Fidelity’s tiered commission structure that is made up of three levels: the gold, silver and bronze.
Well, if you are a gold client you normally have to pay $8 per order, if you are a silver client you have to pay $10.95 per order and if you are a bronze client you have to pay $19.95 per order.
On the other hand, option trades are your expected commission rate plus $.75 for every contract.
Investments Provided
Like most brokers, Fidelity also offers diversified investment varieties like options, stocks, exchange–traded funds, and mutual funds. It also included some fixed income investments like CDs, U.S.
Treasury and Agency Issues, bonds, and even mortgage–backed securities. Access to some precious metals are also available with Fidelity. So if in case, you can actually buy online your metal of choice with Fidelity.
However, Fidelity only offers one education savings plan, the 529, unlike some other brokers that provide more savings plan like custodial accounts and Coverdell ESAs.
Tools and Features Offered
Though working with Fidelity is quite costly, well, it’s still actually worth it! With Fidelity, you can actually try and maximize some practical tools like you would with some other online brokers. Normally, you can customize your own computer desktop with charts, graphs, quotes and setup automated trading depending on your choice.
What’s more, Fidelity also offers superb service for educational materials, breaking news stories, analyst research reports, articles and information on retirement and taxes that somehow could also help. Live online workshops or seminars are also well provided by Fidelity, so you’ll be rest assured that you will learn a lot of stuff.
Security and Ease of Use
Fidelity is actually one of the many online brokers designed to provide security and efficiency to traders.
Well, Fidelity is a member of the SIPC and actually extends complete fraud protection and secure website so somehow you’ll have no security issues at all means.
Fidelity is also structured in a simple way. It’s site has well–labeled tabs across the top of the page for you to navigate every program easily. If you also want to have fast answers or transactions, Fidelity has a functional search box that you can try. Enter any term or keyword and within a minute or two, have fresh, quick answers right before your eyes.
Customer Support
In terms of Fidelity’s customer support, well it’s two thumbs up. Fidelity has provided investment centers nationwide, so even if you want to personally talk to an advisor or the like there’s no problem.
If you have no time to visit an investment center, Fidelity has also provided some other means like online help and support features through email, phone or instant messaging, these are normally available any time of the day or night. Fidelity has also extended some virtual tours, documentation and a FAQs page if in case going to an investment center or online help and support are not workable for you.
Summary
Over-all, opting for Fidelity is a smart choice, though it will actually cost you bucks. Well, with its standout features like one-second guarantee and viable investment tools, you can surely make money out of trading in no time.