Current Fidelity Investments brokerage trading account margin interest rates on loaned funds.

Fidelity Margin Interest Rates

Debit Balance Margin Interest Rates
above $1,000,000 5.500%
$500,000 – $999,999 5.750%
$100,000 – $499,999 8.075%
$50,000 – $99,999 8.325%
$25,000 – $49,999 8.375%
$10,000 – $24,999 9.325%
$0 – $9,999 9.825%


See all Brokerage Firms Margin Rates »

Fidelity Mutual Fund Pricing Comparison

Looking at some of Fidelity’s rivals, we see that they underperform in some areas, but outperform in other categories. For example, USAA offers more mutual funds (slightly north of 14,000 funds). Like Fidelity, USAA also manages its own lineup of funds, but fails to deliver any with 0.00% expense ratios.

As for investment minimums, the mutual fund giant Vanguard still maintains its standard $3,000 requirement.

E*Trade offers more funds with neither a load nor a transaction fee. We found 4,213 of them.

While we did like Fidelity’s mutual fund tools, we don’t like the lack of a no-load search feature. TD Ameritrade’s screener, by comparison, does offer this service.

While Fidelity changes $50 commission for most non-Fidelity mutual funds, Firstrade has $0 commission on all mutual funds including Fidelity-family funds.


Fidelity Pros

  • Large and well known company with many branches
  • Large number affordable mutual funds
  • Lots of research tools at no extra cost
  • Friendly customer service and 24 hour help line
  • Friendly in person staff

Fidelity Cons

  • Higher than average commission on mutual fund trades
  • High cost on overseas wires
  • Sluggish website
  • Not small investor friendly

Advantages of Fidelity’s Software

Besides being great for option traders, Fidelity’s software is easier to navigate and learn. The platform has a better look to it and is easier to use. Bloomberg business news also streams on Fidelity’s platform instead of CNBC.

Thinkorswim has more complexity. This increases the difficulty in using it. Although Fidelity’s platform has fewer features, it is more user-friendly and the trader isn’t overwhelmed with information.

Conclusion

Fidelity's margin rates are higher than average among online brokers. For lowest margin rates and $0 commissions, check out M1 Finance.

Fidelity has the most American Funds with a good portion having neither load nor transaction fee. If you want to invest in these products, go with Fidelity.

Overall, Fidelity Investments is a solid choice for customers looking for a brokerage account. But there are also better priced options available in a very competitive industry of investing for retirement.


Firstrade


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