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Fidelity Brokerage Account

$0 online stock and ETF commissions, no account minimum, $0 Fidelity funds, $1 fractional shares and seven retirement account types.

Rates verified October 14, 2026
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The Bottom Line

Best for
Long-term investors who want one dependable home: no minimums, $0 Fidelity funds, a large branch and phone network.
Stock and ETF trades
$0 (verified Oct 14, 2026). All rates and fees

Key facts

  • Account minimum: None
  • Options: $0.65 per contract
  • Cash sweep: 3.50% 7-day yield

Pros

  • No minimum, no commissions on stocks and ETFs, and $0 Fidelity funds
  • Seven retirement account types with no annual IRA fee
  • Fractional shares from $1 and a free full transfer out
  • Phone, chat and in-person support, plus a full research toolkit

Cons

  • Receives payment for order flow in its latest order-routing report
  • Default cash is a money market fund, not an FDIC-insured deposit
  • Margin rates of 10.3% to 12.1% are among the highest of the big brokers

At a glance

Rates verified October 14, 2026
Stock and ETF trades
$0 per online trade
Options
$0 base commission, $0.65 per contract
Mutual funds
Fidelity funds $0. Non-Fidelity no-transaction-fee funds $0 to buy (a $49.95 fee applies if sold within 60 days). Transaction-fee funds from $49.95 per purchase
Account minimum
None
Cash sweep rate
3.50% 7-day yield in the default money market fund, SPAXX (as of Oct 13, 2026), variable. Not FDIC-insured
Margin rates
10.32% to 12.07%, depending on balance
IRAs
Traditional IRA, Roth IRA, Rollover IRA, Inherited IRA, SEP IRA, SIMPLE IRA, Solo 401(k) (no annual IRA fee)
Fractional shares
Yes, from $1, on NYSE and Nasdaq stocks and ETFs, during market hours
Research and tools
Equity Summary Score, third-party analyst ratings, screeners, custom charting and the Fidelity Trader+ platform with 100+ indicators and Level 2 quotes.
Support
Phone (24/7 listed), live chat, a virtual assistant, and in-person Investor Centers.
Mobile app
Fidelity app for iOS and Android with commission-free stock trading.
SIPC
Member, excess coverage of $1 billion in total, with $1.9 million per account for cash
Transfer out
$0
Payment for order flow
Yes, Fidelity's Q2 2026 Rule 606 report says it receives payment for order flow from its wholesale market makers: $0.0008 per share or less on marketable equity orders. Earlier quarters had said it did not.
Other fees
Representative-assisted stock and ETF trades $32.95; automated phone trades $12.95. A few ETFs carry a $100 service fee. Up to $5 a quarter on inactive accounts under $100.

Sources: fidelity.com/trading/commissions-margin-rates, fidelity.com/investing/brokerage-account, read October 14, 2026

What it costs in practice

$0 in commissions on 20 trades a year

Twenty online stock or ETF trades a year cost $0 in commissions here. Leave $10,000 sitting uninvested and the default setup pays about $350 over a year at 3.50% 7-day yield (rate as of Oct 13, 2026). That is the 7-day yield of its default money market fund, which is variable. Rates move, and a high-yield savings account or a money market fund may pay more.

What to know before you open an account

Every provider has trade-offs. These are the ones we found on its own pages and in regulator records.

  • Fidelity's Q2 2026 order-routing report shows it receives payment for order flow, which earlier reports said it did not.
  • The default cash position is a money market fund, not a bank deposit. The interest-bearing cash option held at Fidelity paid 1.94% (18 September 2026), well below the money market yield.
  • A limited number of ETFs carry a $100 service fee, and assisted trades by phone cost $12.95 to $32.95.
  • Margin loans cost 10.3% to 12.1%, among the highest published by the big brokers.

Regulator record

  • Apr 27, 2026, Massachusetts Securities Division. Consent order: Fidelity failed to enforce certain cybersecurity controls on customer access to account document images, and an unauthorized third party obtained personal information of about 77,000 customers and individuals in a breach on 17 to 19 August 2024. Censure and a $1.25 million administrative fine. Read the source
  • Nov 20, 2024, FINRA. FINRA found that National Financial Services, which routes Fidelity customer orders, misreported information or failed to disclose material aspects of its relationships with execution venues in its Rule 606 reports. Fine: $175,000. Read the source
  • Oct 2, 2023, FINRA. FINRA found Fidelity did not have a system reasonably designed to review and approve customer options trading applications. Fine: $900,000. Massachusetts imposed a separate $750,000 fine over the same issue. Read the source

Where these numbers come from

Each figure above was read on the provider's own page. Fees and rates change, so check the page before you act.

What is Fidelity Brokerage Account?

Sources read on the date shown
Fidelity is the all-rounder for most long-term investors. A Fidelity brokerage account has no minimum and no account fees, charges nothing to trade US stocks and ETFs online, lets you buy slices of a share from $1 and offers Fidelity's own mutual funds at $0. It has a large phone and in-person network if you like talking to someone. Options trades cost $0 plus $0.65 per contract. IRAs come as Traditional, Roth, Rollover, Inherited, SEP and SIMPLE, plus a Solo 401(k) for the self-employed, all with no annual IRA fee. Fidelity's fee table lists no fee to transfer your assets out. Uninvested cash goes by default into a money market fund, SPAXX, with a 3.50% 7-day yield on 13 October 2026. Margin loans cost 10.325% to 12.075%. All figures were read on Fidelity's own pages and fee schedule on 14 October 2026. Know the trade-offs. Fidelity's Q2 2026 order-routing report says it receives payment for order flow, which its earlier reports said it did not. Phone-assisted trades cost extra, and a limited number of ETFs carry a $100 fee. In April 2026 Massachusetts fined Fidelity $1.25 million after a data breach affecting about 77,000 people.
Sourcefidelity.com ↗

Key details

$0 online US stock and ETF commissions, no account minimum, no account feesFidelity mutual funds at $0Fractional shares from $1 on NYSE and Nasdaq stocks and ETFsTraditional, Roth, Rollover, Inherited, SEP and SIMPLE IRAs plus a Solo 401(k)No fee to transfer out listed on the fee schedulePhone, chat and in-person Investor Centers

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Fidelity Brokerage Account FAQ

Does Fidelity charge commissions?

Online US stock and ETF trades are $0. Options cost $0 plus $0.65 per contract. Phone-assisted trades cost $12.95 (automated) or $32.95 (representative-assisted), and a limited number of ETFs carry a $100 fee. Read on Fidelity's fee schedule on 14 October 2026.

What is the Fidelity account minimum?

$0. Zero minimums and zero account fees apply to retail brokerage accounts. Some mutual funds have their own minimums.

What does Fidelity pay on uninvested cash?

By default it goes into the Fidelity Government Money Market Fund (SPAXX), which had a 3.50% 7-day yield on 13 October 2026. That is variable and the fund is not FDIC-insured. A Fidelity cash option paid 1.94% on 18 September 2026.

Which IRAs does Fidelity offer?

Traditional, Roth, Rollover, Inherited, SEP and SIMPLE IRAs, plus a Solo 401(k) for the self-employed. There is no annual IRA fee.

Does Fidelity sell my order flow?

Its Q2 2026 Rule 606 report says Fidelity receives payment for order flow from wholesale market makers on equity orders, at $0.0008 per share or less for marketable orders. Reports from Q2 2025 to Q1 2026 said it did not.

Source: fidelity.com