Fidelity Online Brokerage: Commission / Fee Structure
Fidelity offers a wide array of products and services with differing costs to investors.
For its basic domestic stock brokerage service, Fidelity charges $7.95 per online trade. Commissions for trades entered through Fidelity's automated phone service are $12.95, while broker-assisted trades carry a $32.95 commission. Additional fees (largely SEC-mandated fees) do apply.
For international trading, commissions vary with the market in question – with $19CAD for Canadian online trades, 3,000 yen for Japanese orders, and 9 pounds for U.K. stocks. Fidelity also charges fees for foreign exchange, with the fee tied to the amount involved (beginning at 1% of principal and dropping to below 0.3%). Trades in stocks not Depository Trust Company eligible carry an additional $50 fee.
For options trades, Fidelity charges the regular stock brokerage commission plus $0.75 per contract.
For secondary market transactions in fixed income instruments, Fidelity charges no concession (akin to commission) for Treasury securities and $1 per bond ($8 minimum) for online transactions and $1 per bond with a $19.95 minimum for broker-assisted trades.
For precious metals, Fidelity charges a sliding scale based upon the purchase/sale amount, ranging from 2.9% to 0.99% to purchase and 2% to 0.75% to sell. Fidelity also charges a quarterly storage fee for precious metals. (For related reading, see A Beginner's Guide To Precious Metals.)
Margin fees are likewise dependent upon the amount involved, with low balances carrying a 2% premium to the base rate and large balances getting a 2.825% discount.
For its basic domestic stock brokerage service, Fidelity charges $7.95 per online trade. Commissions for trades entered through Fidelity's automated phone service are $12.95, while broker-assisted trades carry a $32.95 commission. Additional fees (largely SEC-mandated fees) do apply.
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Figure 2: Fee summary for Fidelity\'s most popular accounts. |
For international trading, commissions vary with the market in question – with $19CAD for Canadian online trades, 3,000 yen for Japanese orders, and 9 pounds for U.K. stocks. Fidelity also charges fees for foreign exchange, with the fee tied to the amount involved (beginning at 1% of principal and dropping to below 0.3%). Trades in stocks not Depository Trust Company eligible carry an additional $50 fee.
For options trades, Fidelity charges the regular stock brokerage commission plus $0.75 per contract.
For secondary market transactions in fixed income instruments, Fidelity charges no concession (akin to commission) for Treasury securities and $1 per bond ($8 minimum) for online transactions and $1 per bond with a $19.95 minimum for broker-assisted trades.
For precious metals, Fidelity charges a sliding scale based upon the purchase/sale amount, ranging from 2.9% to 0.99% to purchase and 2% to 0.75% to sell. Fidelity also charges a quarterly storage fee for precious metals. (For related reading, see A Beginner's Guide To Precious Metals.)
Margin fees are likewise dependent upon the amount involved, with low balances carrying a 2% premium to the base rate and large balances getting a 2.825% discount.
Next: Fidelity Online Brokerage: Analysis Tools »
Table of Contents
- Fidelity Online Brokerage: Introduction
- Fidelity Online Brokerage: Account Types and Minimum Deposits
- Fidelity Online Brokerage: Commission / Fee Structure
- Fidelity Online Brokerage: Analysis Tools
- Fidelity Online Brokerage: Additional Info/Features
- Fidelity Online Brokerage: Conclusion
by
Stephen D. Simpson, CFA
Stephen D. Simpson, CFA, is a freelance financial writer, investor, and consultant. He has worked as an equity analyst for both sell-side and buy-side investment companies in both equities and fixed income. Stephen's consulting work has focused primarily upon the healthcare sector, while he has also written extensively for publication on topics pertaining to investments, security analysis, and healthcare. Simpson operates the Kratisto Investing blog, and can be reached there.
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