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Brokerage Account Review🏆 Best Overall

Fidelity Investments

Fidelity

Stock trades $0. Long-term investors, retirement savers, index fund investors.

At a Glance

Stock Trades

$0

Options Trades

$0.65/contract

Min. Deposit

$0

Research Tools

Advanced

Fractional Shares

Yes

Crypto Trading

Yes

Rates & Fees

Stock Trades

$0

Options Trades

$0.65/contract

Min. Deposit

$0

Account/Inactivity Fee

None

Full Transfer-Out Fee

None — Fidelity does not charge an outgoing transfer fee

Key Features

Zero expense ratio index funds (ZERO funds)

24/7 customer service including live phone

Industry-leading research from 20+ providers

Pros & Cons

Pros

  • Best research tools of any zero-commission broker
  • ZERO expense ratio index funds unavailable anywhere else
  • Excellent customer service
  • Fractional shares on S&P 500 stocks

Tradeoffs

  • Desktop platform can feel dated vs newer platforms
  • No paper trading for beginners

Best for: Long-term investors, retirement savers, index fund investors

How to Apply

Decide which account type fits your goal — Fidelity offers Individual, Joint, Roth IRA, and more.

Have your Social Security number, employment information, and a funding source (bank account or transfer) ready.

Open the account directly on Fidelity's site or app; identity verification is required by federal law for all brokerages.

Fund the account with any amount — this broker has no minimum deposit requirement.

Review commission schedules and any account fees before placing your first trade.

How It Compares

Current product highlighted
ProductStock TradesOptions TradesMin. Deposit
Fidelity Investments$0$0.65/contract$0
Charles Schwab$0$0.65/contract$0
E*TRADE$0$0.65/contract ($0.50 for 30+ trades/qtr)$0
Robinhood$0$0$0

Frequently Asked Questions

Does Fidelity charge fees to trade stocks?

Fidelity's stock trade commission is "$0." Options trades are priced at $0.65/contract, and other fees (like broker-assisted trades or account transfers) can still apply.

What's the minimum deposit for Fidelity?

Fidelity doesn't require a minimum deposit to open an account, so you can start with any amount.

Can I trade fractional shares and crypto with Fidelity?

Fidelity supports fractional shares, and does offer direct crypto trading.

Are there any ongoing or account-closing fees with Fidelity?

Account/inactivity fee: None. Fee to transfer your full account to another broker: None — Fidelity does not charge an outgoing transfer fee. Transfer-out fees are common industry-wide and are charged by the broker you're leaving, not the one you're moving to.

How does Fidelity compare to other brokerages?

See the "How It Compares" table on this page for a few close alternatives side by side, or browse the full list of brokerage accounts to compare commissions, minimums, and platform features.

Other Brokerage Accounts

Charles Schwab

Stock trades: $0

E*TRADE

Stock trades: $0

Robinhood

Stock trades: $0

Fees and features shown are illustrative as of 2026 and subject to change — always confirm current terms directly with the broker before opening an account.

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