Fidelity doesn’t do that. General eligibility: Please visit each firm’s respective website to review all fees applicable to establishing, maintaining and trading in an account. Note: Nominal fees may apply for specialty checks. There’s no fee if you want to transfer out of your Vanguard account. The firm’s charge for trading stocks and regular ETF’s is $0. These services are provided for a fee. Zero reasons to invest anywhere else. To qualify for the reimbursement, the fees from the customer’s former provider must have been triggered as a direct result of the transfer or re-registration to Fidelity Personal Investing, or the closure of an account where the customer has subsequently (within 6 months) invested at least £10,000 through Fidelity Personal Investing. There is an Options Regulatory Fee (from $0.03 to $0.05 per contract), which applies to both option buy and sell transactions. 0.50%8 * Certain waivers may apply Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). This effect is usually more pronounced for longer-term securities.) Gross advisory fee applicable to accounts managed through Fidelity. $49.95 to sell if sold within 2 months, $0 otherwise, stocks, bonds, mutual funds, options, commercial paper, UITs, ETFs, $2,500 ($0 for Rollover IRA; $2,500 or $200 per month for ROTH and Traditional IRA), Fidelity outbound full account transfer (ACAT) fee, Fidelity outbound partial account transfer fee, Fidelity Cash Management Account ATM bank surcharge, Depository Foreign Trust Company (DTC) foreign settlement fee. IRA Fees at Fidelity An IRA at Fidelity comes with no special fees. Note: Fee is per trade for foreign ordinary stock that is not DTC eligible. Fees. However, in order for us to invest your money according to the investment strategy you've chosen, your account balance must be at least $10. The fee … Bank account information to fund the account. Certain fees may be waived by Charles Schwab and Vanguard based upon asset level, product type or trading activity. To be eligible for enhanced non-discretionary financial planning and support ("PWM Program Services"), Fidelity Private Wealth Management clients are subject to a qualification and acceptance process, and must typically invest at least $2 million, in the aggregate, in Fidelity® Wealth Services and/or Fidelity® Strategic Disciplines accounts and have investable assets of at least $10 million. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Zero account minimums and zero account fees apply to retail brokerage accounts only. There isn’t a low-balance, closeout, or maintenance fee of any kind. You will also incur underlying expenses associated with the investment vehicles selected. All rights are reserved. Depending on your needs, Fidelity and Vanguard could be fine brokerages for long-term investors. There is no minimum amount required to open a Fidelity Go account. Fidelity may add or waive commissions on ETFs without prior notice. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Keep in mind that the table reflects the standard commission prices. General eligibility: To trade mutual funds, a $2,500 minimum deposit is needed, and for margin trading a $5,000 minimum deposit is required. Other 401k providers often charge a high annual maintenance fee and high trading commissions for the self-directed brokerage account. how we compare to others on service, security, and more, Characteristics and Risks of Standardized Options, Proprietary retail mutual fund investment minimums. Other conditions may apply; see Fidelity.com/commissions for details. Open both accounts See Fidelity.com/commissions for further details. Vanguard requires at least $3,000 to open a position for most funds. - Brokerage Account - Tested account: Standard brokerage account. Fidelity’s brokerage branch handles of $443 billion in assets, as of 2010. Fidelity requires no minimum account balance once you have made your initial deposit. Expenses charged by investments (e.g., funds, managed accounts, and certain HSAs) and commissions, interest charges, or other expenses for transactions may still apply. Many of Fidelity’s fees have been eliminated during the past year. Comparison does not reflect fees associated with trading, or otherwise transacting in an account. General eligibility: $10,000–$49,999: $3 per month The firm also does not have annual IRA fee (except for $25 annual SIMPLE IRA fee). All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. Fidelity now offers the Fidelity ZERO Extended Market Index Fund (FZIPX), Fidelity ZERO Large Cap Index Fund (FNILX), Fidelity ZERO Total Market Index Fund (FZROX), and Fidelity ZERO International Index Fund (FZILX) available to individual retail investors who purchase their shares through a Fidelity brokerage account. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). Virtual Assistant is Fidelity’s automated natural language search engine to help you find information on the Fidelity.com site. ETFs are subject to market fluctuation and the risks of their underlying investments. Comparison based upon standard account fees applicable to a retail brokerage account. Fidelity vs. Charles Schwab: Fees. Account Fee There is no annual fee for the BrokerageLink account. $01 for online US stock, ETF, and option trades. plus $0.65 per contract on options, $1 per bond or CD in secondary trading and free for US Treasuries traded online4 Fidelity, Fidelity Investments, the Fidelity Investments and pyramid design logo, and Fidelity Go are registered trademarks of FMR LLC. Open both a brokerage and cash management account to easily transfer your funds. Fidelity does not provide legal or tax advice, and the information provided is general in nature and should not be considered legal or tax advice. Fidelity does not guarantee accuracy of results or suitability of information provided. FBS is a registered broker-dealer with the U.S. Securities and Exchange Commission. Offering the industry's first Zero expense ratio index mutual funds offered directly to investors.3, With no account fees and no minimums to open a retail brokerage account, including IRAs.2, $0 per stock or options trade We may be compensated by the businesses we review. Important legal information about the email you will be sending. The margin rate you pay depends on your outstanding margin balance - the higher your balance, the lower the margin rate you are charged. Before trading options, please read Characteristics and Risks of Standardized Options. Here's how the two compare on trading costs for stocks, options, ETFs, and mutual funds. A $250 maximum applies to all trades, reduced to a $50 maximum for bonds maturing in one year or less. The bottom line: Fidelity offers $0 trading commissions, a selection of more than 3,400 no-transaction-fee mutual funds and top-notch research tools and trading platform. Fidelity has gone so far as to do away with its ACAT transfer fee. What is the minimum amount to open a margin account? $0.00 commission applies to online U.S. equity trades, exchange-traded funds (ETFs) and options (+ $ 0.65 per contract fee) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. We read through Fidelity's fee list and found a few fees that are worthy of some additional discussion. Fidelity Inactivity and Maintenance Fee Read it carefully. Help is here 24/7. If you decide to close your retirement account, Fidelity IRA account closing fee is $0. Fidelity’s BrokerageLink® option is a self-directed brokerage account within the 401k or 403b plan. Fidelity Account Closing Fee Fidelity has $0 fee to cancel both brokerage accounts and IRAs. Effective as of November 16, 2020. We also compared Fidelity's fees with those of two similar brokers we selected, ... All investment retail accounts have joint and individual options, except for the Fidelity Account for Business. 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