Broker review
Fidelity review
A full-service US brokerage with a zero-commission equity schedule and no account minimum.
- Written by
- Juan Manuel Gonzalez
- Published
- Data verified
In summary
Fidelity Brokerage Services LLC has been a FINRA member since January 1979 and is a SIPC member. Its published schedule is $0 for online US stock and ETF trades, $0 base plus $0.65 per contract for options, and $0 to transfer assets in. There is no account minimum and no published inactivity fee. It is the broadest account-type lineup in our set, including HSAs and solo 401(k)s.
Editorial score, based on our methodology
How this is calculated- Safety2.7
- Cost2.7
- Selection1.8
- Accounts1.8
- Headroom1.0
Legal entity and regulation
Read from FINRA BrokerCheck on August 28, 2026. Check it yourself — the reference number below is all you need.
- Legal name
- FIDELITY BROKERAGE SERVICES LLC
- CRD
- 7784
- SEC
- 8-23292
- Registration status
- ACTIVE
- Regulators
- SEC, FINRA
- Investor protection
- SIPC member — up to $500,000, including $250,000 for cash
Published fees
10 of 14 fields verifiedRead from Fidelity’s own published schedule. Fields we could not find on the pages we read are marked not verified — we do not fill them with estimates, and a blank would read as zero.
| US stocks and ETFs | $0Online US stocks and ETFs |
|---|---|
| Options base commission | $0 |
| Options per contract | $0.65 |
| Account minimum | $0No minimums to open an account |
| Mutual funds | $0Fidelity funds |
| Bonds | $1.00 per bondSecondary market |
| Futures | Not offered |
| Crypto | Not verified |
| Account service fee | None published |
| Inactivity fee | None published |
| Outgoing transfer fee | $0Transfer of assets |
| Broker-assisted trade | Not verified |
| Margin rate | 7.50%–11.825%Tiered by debit balance |
| Currency conversion | Not verified |
Where these costs sit
Against every other broker we publish that has a verified figure for the same field. Brokers whose figure we could not verify are left out rather than plotted at zero.
What you can hold
- US stocksOffered
- ETFsOffered
- OptionsOffered
- Mutual fundsOffered
- BondsOffered
- FuturesNot offered
- Spot currenciesNot offered
- CryptoNot verified
- International listingsOffered
- Fractional sharesOffered
- OTC equitiesOffered
Account types
- Individual taxable offered
- Joint offered
- Traditional IRA offered
- Roth IRA offered
- Rollover IRA offered
- SEP / SIMPLE IRA offered
- Custodial offered
- Trust offered
- Solo 401(k) offered
- HSA offered
- Margin offered
- Managed portfolio offered
Strengths and limitations
Strengths
- No account minimum and no published account service or inactivity fee
- $0 to transfer assets in, per the published schedule
- The broadest set of account types we recorded, including HSA and solo 401(k)
- Single long-standing legal entity — no recent custody or entity migration for clients to track
Limitations
- No futures trading
- $0.65 per options contract is higher than the cheapest US options schedules we recorded
- Crypto pricing not read from a primary source at this revision
Check these yourself
- Margin rates are tiered from 7.50% to 11.825% — check the tier that matches your likely debit balance
- Mutual funds outside Fidelity's own range may carry transaction fees not covered above
How Fidelity scores
Under our default weights. Individual rankings re-weight these same sub-scores, which is why Fidelity sits in different positions on different pages.
- Safety and regulationweight 30%9/10
- Fees and total costweight 30%9/10
- Investment selectionweight 22%8/10
- Account types and featuresweight 18%10/10
- Safety and regulation9/10 · weighted 30%
- Active SEC-registered broker-dealer (8-23292), FINRA member since 1979, SIPC member. Long operating history under a single entity, with no headline retail enforcement matter identified in our sourced review.
- Fees and total cost9/10 · weighted 30%
- $0 equity and ETF commissions, $0.65 per options contract, no account minimum, no published account service or inactivity fee, and $0 to transfer assets. Options pricing is mid-pack rather than lowest.
- Investment selection8/10 · weighted 22%
- Stocks, ETFs, options, bonds, mutual funds, international equities and fractional shares are all offered. No futures, which caps the score below the multi-asset firms.
- Account types and features10/10 · weighted 18%
- Widest published lineup in our set: taxable, joint, all IRA variants, custodial, trust, solo 401(k) and HSA.
Not scored
- Access and eligibility — Not scored in v1.0. Requires per-country eligibility confirmed against each firm's own onboarding terms, which we have not completed.
- Platform and usability — Not scored in v1.0. Requires hands-on use of a funded account, which we have not done.
- Research and education — Not scored in v1.0. Requires logged-in access to the research suite, which we have not had.
- Customer service — Not scored in v1.0. Requires timed contact tests across channels, which we have not run.
- Execution quality — Not scored in v1.0. Requires analysis of Rule 605/606 order-execution reports, which is scheduled for a later release.
Fidelity compared
Sources
- [1]Fidelity — Commissions and margin ratesRead August 28, 2026
- [2]FINRA BrokerCheck — Fidelity Brokerage Services LLCRead August 28, 2026
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Risk warning
Investing involves risk, including the possible loss of principal. Nothing on this site is personalized investment advice, a recommendation to buy or sell any security, or a solicitation. Figures are read from public sources on the dates shown and can change without notice — verify anything you intend to act on with the provider directly. Read the full risk disclosure.