Fidelity rates and fees on ROTH IRA, Sep/Simple, 401K Rollover/Traditional IRA accounts. Fidelity Investments retirement account annual, maintenance, inactivity, and termination charges schedule.

Fidelity IRA Fees

Fee Amount
Fidelity IRA setup fee $0
Fidelity annual IRA fee $0 ($25 for SIMPLE IRA)
Fidelity IRA termination fee $0
Fidelity account maintenance fee $0
Fidelity account inactivity fee $0
Fidelity outbound full account transfer (ACAT) fee $0
Fidelity outbound partial account transfer fee $0


IRA Fees at Fidelity

An IRA at Fidelity comes with no special fees. There is no setup charge, nor is there an annual fee. The broker does not assess any fees for inactivity, and there is no minimum balance requirement.

For a regular brokerage account, Fidelity requires a minimum opening deposit of $2,500. But for a retirement account, there is no minimum required. Fidelity full and partial account transfers are free.

There are several IRA types available at Fidelity. These include Roth, Traditional, Rollover, SEP, SIMPLE, Inherited, and Minor accounts. The SIMPLE IRA creates an exception to the broker's annual fee, as it has a $25 yearly cost. The broker also offers self-employed 401(k) plans. Opening any retirement account using the Fidelity website is quick and easy.

Read Fidelity Customer Reviews »


Fidelity IRA Price of Trading

Fidelity's commission schedule applies to retirement accounts just as it does to non-retirement accounts. ETF and stock trades are a very reasonable $4.95. Placing a trade using the broker's automated phone system tacks on an extra $5, while choosing a living, breathing agent instead costs $32.95.

Retirement savers can buy and sell 84 exchange-traded funds at Fidelity without paying a dime in commissions. These securities must be held for at least 30 days; otherwise, the broker will assess its regular commission charge.

A large selection of mutual funds is also available. More than 11,500 products are available for purchase. Over 3,500 of these come with no transaction fee. There is a $49.95 charge for funds that don't appear on the broker's NTF list. Fidelity's transaction fee is only applied on the buy side.

There's a good selection of Freedom Funds on the broker's website. These are target-date funds sponsored by Fidelity. They were created with retirement savers in mind. They carry neither load nor transaction fee, and they have expense ratios below 100 basis points.


Fidelity IRA Fees Comparison

Fidelity's policy of no on-going fees for IRA's is pretty generous. WellsTrade, by comparison, assesses a $25 annual fee for any retirement account in a household that has less than $5,000 in assets.

A $50 closeout fee is about average by industry standards. All Invest traders pay $50, while TD Ameritrade charges nothing. WellsTrade customers must pay a very steep $95 to transfer or close an IRA.

Fidelity's charge for mutual fund transactions is a little steep compared to some of its rivals. E*Trade clients, for instance, pay just $19.99 for non-NTF mutual funds. Ally Invest charges an even lower $9.95 for no-load funds.

Despite Fidelity's mutual fund transaction fee, the broker does have a large selection of funds. Merrill Edge and IB have fewer products. Fidelity's 240 free-to-trade ETF's are also about average by industry standards. Firstrade offers all ETF's for free, while Ally Invest clients have access to 100.

Broker Fees Stock/ETF
Commission
Mutual Fund
Commission
Options
Commission
Maintenance
Fee
Annual IRA
Fee
Firstrade $0 $0 $0 + $0 per contract $0 $0
Ally Invest $0 $9.95 $0 + $0.50 per contract $0 $0
TD Ameritrade $0 $49.95 $0 + $0.65 per contract $0 $0


Customer Service

Fidelity can be contacted via an on-line chat system, phone, fax, or e-mail. The phone service is staffed 24 hours a day, 7 days a week, and the reps have a history of being trained and actually knowing what they’re talking about, which of course is a big plus. The chat service is on-line from 8:00 am to 10:00 pm EST. Fidelity also offers a lengthy list of phone numbers for customers traveling outside the U.S., from Albania to Zimbabwe and everywhere in between.


Fidelity IRA


Trading Tools

Although Fidelity does offer trading by phone and with a live broker, the cheapest option is trading on-line. The web site is simple and straightforward to navigate. Customers who have multiple accounts will see all accounts upon a single log-in.

Transferring funds and paying bills are all simple and easy to do within the web browser.

Trading securities is trouble-free with Fidelity’s intuitive trade ticket or standard web browser platform. Fidelity also offers Active Trader Pro, an advanced trading platform for active traders.


Fidelity Investments Review Summary

Fidelity’s brokerage services cover a lot of territory and come at a reasonable cost. Add in Fidelity’s excellent customer service, and investors have a broker that’s not easy to beat.

The company offers actual brick-and-mortar branches for old school investors who want a little extra hand holding. A branch could come in handy for customers seeking retirement or investment advice, which the firm does offer. Some of Fidelity’s competitors, don’t have local branches.

Fidelity’s range of offerings, including college savings plans, trusts, and estate planning, will appeal to customers who want a lifelong financial advisor. Many brokerage firms don’t offer the same range of products and services.

Access to Fidelity's flagship trading platform, Active Trader Pro, is only available to traders placing 36 or more trades in a 12 month period, a real turn off to investors who don’t trade as often.

Fidelity offers an extensive array of financial products and services at the reasonable cost to their customers, making this broker one of the top players in the industry.


Disclaimer

For the most recent information on Fidelity IRA fees (ROTH, Simple, SEP, traditional IRA accounts) visit their website.


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