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FTC 16 CFR Part 255 compliant
Risk Warning
Forex trading involves significant risk of loss and is not suitable for all investors. High leverage can work against you as well as for you. Before deciding to trade forex, you should carefully consider your investment objectives, level of experience, and risk appetite. Past performance is not indicative of future results.
Fidelity Review: ZERO funds (0% ER), $0 commissions, Morningstar research, 50M customers. #1 customer service, Active Trader Pro, $14.1T AUM.
What We Love
FZROX/FZILX ZERO funds with 0% expense ratio — industry-unique
#1 customer service rating by J.D. Power for five consecutive years
4,000+ no-transaction-fee mutual funds with $0 trading commissions
Morningstar research integration plus proprietary Equity Summary Score
Active Trader Pro with 175+ technical indicators free to all customers
Watch Out For
Fewer technical indicators than Schwab thinkorswim (175 vs. 400+)
Less sophisticated than Interactive Brokers for algorithmic or API trading
Mobile app historically rated lower than competitors (steadily improving)
ZERO funds limited to specific index exposures (total market, international, bond)
No futures or forex trading available on the platform
X-Ray Score™
Not scored
Our Rating
Expert Score
4.5/5
Quick Navigation
Robert Hayes
Verified Expert
Senior Trading Analyst
Certified Market Technician with 10+ years of hands-on trading experience across equities, options, and futures markets.
CFA
Last Fact-Checked
All data points verified against primary sources
July 6, 2026
Editorial Transparency
Published: March 1, 2026
Last updated: March 1, 2026
Reviewed by: Robert Hayes
Fact-checked: Jul 6, 2026
Frequently Asked Questions
FZROX (total US market) and FZILX (international) are the only index funds in the industry with literally 0% expense ratios. Competitors like Vanguard charge 0.03–0.08%. Over 40 years, even a 0.05% fee difference compounds to $50,000+ on a $500,000 portfolio. Fidelity also offers FZIPX for US total bond market at 0% ER.
Yes. Fidelity Go is free for accounts under $25,000 and charges 0.35% per year above that threshold. It provides automatic portfolio allocation and rebalancing, with tax-loss harvesting available on accounts over $10,000. It is entry-level compared to dedicated robo-advisors but effective for hands-off investors.
Fidelity's Morningstar integration plus proprietary Equity Summary Score provide institutional-quality research accessible free to retail customers. Bloomberg Terminal is more comprehensive for institutional professionals, but Fidelity's research tools are sufficient for most retail investors and save hundreds per year compared to independent subscriptions.
Yes. Options trades cost $0.65 per contract with no base commission. Active Trader Pro offers full Greek letter analysis and professional options tools. For a typical 5-contract trade, the total cost is $3.25.
Yes. Fidelity is one of the most beginner-friendly brokers available. Low minimums ($0 for brokerage, $1 for ZERO funds), extensive educational content, the Fidelity Go robo-advisor for hands-off investing, and exceptional customer service (#1 J.D. Power five consecutive years) make it an ideal starting platform.
ZERO funds (0% ER vs. Vanguard's 0.03–0.08%), lower fund minimums ($1 vs. Vanguard's $3,000 for many funds), and significantly superior customer service ratings. Fidelity also offers Active Trader Pro for charting and a broader range of account types including the Youth Account for 13–17 year olds.
Fidelity is arguably the best platform for retirement savers. The company manages more 401(k) plans than any competitor, offers ZERO funds for zero-cost long-term accumulation, provides 35+ target-date Freedom funds, and its customer service team is highly knowledgeable about IRA rollovers, Roth conversions, and RMD planning.
As of 2024–2025, the Fidelity Cash Management Account offers a variable rate of approximately 2.72% APY through its bank sweep program. FDIC insurance covers up to $5 million through program banks. The rate is variable and changes with prevailing interest rates.
Research Methodology & Disclosure
Last fact-check: Jul 6, 2026
Data points reviewed: 5,000 consumer records, lender pricing pages, and public regulator guidance.
Primary sources: CFPB, Federal Reserve, IRS, NFCC, and provider disclosures.
We may earn a commission from partner links, but rankings and recommendations are set by editorial criteria.
Affiliate Disclosure: SmartFinPro may earn a commission when you click links and make a purchase. This does not affect our editorial independence. Learn more
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Past performance is not indicative of future results.
Verified Platform Data
Source: SmartFinPro Testing · SEC/FINRA · J.D. Power
6 Months
Testing Period
175+
Trades Executed
$14.1T
AUM (Firm)
#1 (5 yrs)
J.D. Power Service
SEC/FINRA Disclosure: This information is general in nature and does not constitute personalized investment advice. Fidelity Brokerage Services LLC is a registered broker-dealer and member of FINRA and SIPC. Securities investing involves risk, including possible loss of principal. Past performance does not guarantee future results. Read the Fidelity Customer Agreement before opening an account.
Which US investors should consider Fidelity?
Fidelity is best for research-focused investors, fund investors, and retirement savers who want ZERO funds (0% expense ratio), Morningstar research, and #1-rated customer service at $0 commissions. Investors who need advanced algorithmic trading or futures access should consider Interactive Brokers instead. Active options traders executing 50+ contracts monthly may prefer tastytrade for lower per-contract costs.
Platform Evidence & Screenshots
Visual evidence status: We are currently preparing annotated screenshots of the Fidelity platform, including the Active Trader Pro charting interface, ZERO fund portfolio allocation view, Fidelity Go robo-advisor dashboard, mobile app redesign, and Cash Management Account screens. These will be added in a forthcoming update. All claims in this review are based on our six-month hands-on testing from September 2025 through February 2026 — screenshot evidence will supplement, not replace, our written analysis.
Active Trader Pro — advanced charting with streaming real-time data and customizable layouts
Tested on: Feb 2026 · Fidelity US
Research center — industry-leading equity research from 20+ independent providers
Tested on: Feb 2026 · Fidelity US
Mobile app — full account management with watchlists, alerts, and trading on the go
Tested on: Mar 2026 · iPhone 15 Pro
Zero index funds — four proprietary funds with literally 0.00% expense ratios
Tested on: Feb 2026 · Fidelity US
All screenshots were captured during live testing of Fidelity's platforms in the United States (January – March 2026). Sensitive data has been redacted. No images are sourced from Fidelity marketing materials — every screen was captured from our own test sessions.
Fidelity: The Gold Standard for Research and Fund Investing
Fidelity Investments represents the gold standard for research-focused investors, combining institutional-quality analysis with retail accessibility and exceptional customer service that no competitor consistently matches. Founded in 1946 and headquartered in Boston, Fidelity remains privately held under family ownership — managing $14.1 trillion in assets across mutual funds, brokerages, and retirement services while serving over 50 million customers. The standout innovation is Fidelity ZERO — a family of index funds with literally 0% expense ratios (FZROX for total US market, FZILX for international, FZIPX for US bonds) — providing index exposure at zero cost, a feat no other fund provider has replicated. After testing the platform for six months (September 2025 through February 2026), executing over 175 trades across stocks, ETFs, options, and mutual funds, we found that Fidelity delivers unmatched value for investors who prioritize research quality, fund selection, and customer service — though active traders seeking cutting-edge charting will find more power in thinkorswim at Charles Schwab.
Fidelity's 2024–2025 evolution has focused on enhancing mobile app quality, expanding ZERO fund offerings, and strengthening portfolio management tools. The platform attracts a diverse investor base: beginners benefit from educational content and low minimums; sophisticated investors appreciate Active Trader Pro's 175+ technical indicators; retirement savers benefit from 401(k) and IRA expertise that no competitor matches in depth; and fund investors prefer the zero-cost ZERO funds that eliminate fee drag entirely. Combined with $0 commissions on stocks and ETFs, $0.65 per contract on options, no mutual fund transaction fees on 4,000+ funds, and free Morningstar research access, Fidelity has been consistently ranked #1 by J.D. Power for customer service among full-service brokers for five consecutive years. For investors comparing the full landscape of trading platforms available in the US, Fidelity consistently ranks among the top two alongside Charles Schwab — but its unique combination of ZERO funds and superior service makes it the strongest choice for long-term, buy-and-hold investors.
Key Findings
Key Findings & Analysis
FZROX/FZILX/FZIPX ZERO funds with 0% expense ratio — only index funds in the industry at true zero cost
$0 commissions on stocks and ETFs, $0.65/contract options, 4,000+ NTF mutual funds
Morningstar research integration plus proprietary Equity Summary Score on 3,000+ stocks
Active Trader Pro free to all customers — 175+ technical indicators, real-time streaming, backtesting
#1 customer service by J.D. Power for five consecutive years, 50M+ customers, $14.1T AUM
Bottom line: Best for research-focused investors, fund investors, and retirement savers. ZERO funds eliminate investment fees entirely — unique in the industry. Morningstar integration provides institutional-quality analysis at no cost. Customer service is the genuine differentiator over every competitor. Active traders seeking 400+ indicators and paper trading should evaluate Schwab's thinkorswim instead.
Fidelity Brokerage Services LLC is a SEC-registered broker-dealer and member of FINRA. SIPC protection covers securities up to $500,000 per customer account. The Cash Management Account offers FDIC insurance on deposits up to $5 million through program bank sweeps. Fidelity's privately held structure means it is not subject to quarterly earnings pressure from public shareholders — a structural advantage that allows long-term investment in customer experience and technology. Our full review methodology details every test we conducted.
Chartered Financial Analyst with 15 years equity analysis experienceTested Fidelity alongside Schwab and Interactive Brokers for direct comparisonSpecializes in fund analysis and retirement portfolio optimization
“After executing 175+ trades across stocks, ETFs, and options over six months, Fidelity's ZERO funds and Morningstar research are genuinely unmatched for long-term investors. The 0% expense ratio on FZROX and FZILX eliminates the single largest drag on long-term returns. Customer service is exceptional — I reached knowledgeable representatives in under 2 minutes on average. Active Trader Pro is capable but lacks the depth of thinkorswim for technical traders. The $14.1T AUM and private ownership provide institutional stability that public competitors cannot guarantee.”
$0 stock/ETF commissions, $0.65/contract options, ZERO funds (0% ER unique in industry), 4,000+ NTF mutual funds. Fidelity Go free under $25K. Most cost-effective platform for fund investors and buy-and-hold strategies.
Platform & Tools
4.3/5(20%)
Active Trader Pro with 175+ technical indicators, real-time streaming, backtesting. Mobile app improving. Stock screener with 3,000+ stocks. Capable but fewer indicators than thinkorswim (400+) and no paper trading.
Research Quality
4.8/5(20%)
Morningstar stock and fund ratings, proprietary Equity Summary Score, independent analyst reports, earnings call transcripts. 20+ research providers integrated. Institutional-quality research at no additional cost — rivals professional platforms.
Customer Support
4.9/5(15%)
#1 J.D. Power customer service rating for five consecutive years among full-service brokers. Phone representatives knowledgeable and responsive — average wait under 2 minutes in our testing. Youth Account and retirement planning support are standout areas.
Regulatory Standing
4.5/5(20%)
SEC-registered, FINRA member, SIPC protection ($500K). FDIC on Cash Management via program banks (up to $5M). $14.1T AUM provides massive institutional stability. Privately held — no public-market earnings pressure.
Weighted score calculation: (4.9 x 25% + 4.3 x 20% + 4.8 x 20% + 4.9 x 15% + 4.5 x 20%) = 4.5/5 overall (rounded from 4.63). Platform tools are the primary drag on the score — Active Trader Pro's 175 indicators lag behind thinkorswim's 400+, and the absence of paper trading limits its appeal for active traders. Customer service and research quality are Fidelity's strongest dimensions.
US Pricing & Plans 2026
Fidelity's pricing structure is exceptionally competitive and among the most transparent in the brokerage industry. With $0 commissions on stocks and ETFs, no mutual fund transaction fees on 4,000+ funds, and the industry's only ZERO expense ratio index funds, Fidelity has systematically eliminated the fees that historically eroded investor returns. The Fidelity Go robo-advisor is free below $25,000 — one of the lowest entry points for automated investing. Pricing is sourced from the official Fidelity commissions page:
~2.72% APY, FDIC up to $5M via sweep, integrated checking
Hidden Costs to Watch
While Fidelity's headline pricing is genuinely among the best in the industry, several costs deserve attention before you commit to the platform as your primary broker. The options fee is standard across major brokers, and the Fidelity Go advisory fee above $25,000 is reasonable but not zero. Understanding these costs upfront ensures you are calculating total ownership cost accurately rather than comparing headline rates alone.
Fee
Amount
Notes
Options per-contract
$0.65
Standard across Schwab, E*TRADE — tastytrade charges $1.00 open/$0 close
Fidelity Go above $25K
0.35%/yr
$87.50 annually on a $25K account — Schwab Intelligent Portfolios is $0 at $5K
Foreign stock trading
$0 + FX markup
Commission-free but currency conversion carries an undisclosed spread
Broker-assisted trades
$32.95
Phone orders when you could use the platform — higher than Schwab's $25
Wire transfer (outgoing)
$10
Domestic wire; ACH transfers are free
Short-term redemption fee
$49.95
Applies to certain NTF funds sold within 60 days of purchase
ZERO fund limitations
N/A
ZERO funds only available at Fidelity — cannot transfer in-kind to another broker
Break-Even Analysis: Fidelity vs. Competitors
The right broker depends on your investment style and primary needs. For buy-and-hold index fund investors, Fidelity's ZERO funds create a permanent cost advantage that compounds over decades. The differences become more nuanced for active traders and those seeking banking integration.
Investor Profile
Best Choice
Why
Buy-and-hold index investor
Fidelity
ZERO funds (0% ER) — no competitor matches this
Research-focused stock picker
Fidelity
Morningstar + Equity Summary Score + 20 research providers
Active technical trader (charting)
Charles Schwab
thinkorswim with 400+ indicators and paper trading
Professional/algorithmic trader
Interactive Brokers
Lowest margin rates (~6.8%), best API, superior execution
Active options trader (50+ contracts/mo)
tastytrade
$1.00 to open/$0 to close — cheaper round-trip than Fidelity
Schwab Bank checking + HELOC + brokerage integration
For a broader comparison of all major US brokers including fee structures, platform features, and suitability ratings, see our guide to the best brokerage accounts for online investing.
ZERO Fund Portability: Fidelity ZERO funds (FZROX, FZILX, FZIPX) are proprietary to Fidelity and cannot be transferred in-kind to another brokerage. If you ever leave Fidelity, you would need to sell your ZERO fund positions (potentially triggering capital gains taxes) and repurchase equivalent index funds at your new broker. This creates a soft lock-in that is worth considering before building a large position in ZERO funds — though the 0% expense ratio typically makes the trade-off worthwhile for long-term investors.
Key Features for US Investors
1. Fidelity ZERO Funds: Industry-Unique 0% Expense Ratios
Fidelity's ZERO fund family eliminates expense ratios entirely — a feat no other fund provider has matched since their launch, which disrupted the entire index fund industry and forced competitors to lower fees across the board. The ZERO lineup includes FZROX (Fidelity ZERO Total Market Index Fund), providing exposure to the entire US stock market equivalent to Vanguard's VTI but at 0% versus VTI's 0.03% expense ratio. FZILX (Fidelity ZERO International Index Fund) covers international stocks equivalent to Vanguard's VXUS at 0% versus 0.08%. FZIPX (Fidelity ZERO US Bond Index Fund) tracks the US total bond market at 0% versus BND's 0.03%. The practical impact is significant: on a $500,000 portfolio, even a 0.05% fee difference compounds to over $50,000 in additional wealth over 40 years. For retirement savers building portfolios over decades, ZERO funds provide the mathematically optimal cost structure available in the market today.
2. Active Trader Pro: Professional Charting Platform
Active Trader Pro offers 175+ technical studies, real-time streaming market data, customizable multi-chart layouts, and backtesting capabilities that allow you to test strategies against historical data before committing capital. The platform rivals Charles Schwab's thinkorswim in core capability, though thinkorswim offers more indicators (400+ versus 175+) and includes paper trading that Fidelity does not. Active Trader Pro is available free to all Fidelity customers with no minimum balance or trade requirements. The directed trading feature allows advanced users to route orders to specific exchanges for potential price improvement, and the real-time analytics overlay provides Level II quotes and time-and-sales data for momentum-based strategies.
3. Morningstar Integration & Research Tools
Fidelity provides institutional-quality research that saves investors hundreds of dollars annually compared to subscribing to research services independently. The platform integrates Morningstar stock and mutual fund ratings, Fidelity's proprietary Equity Summary Score (a composite rating aggregating data from over 20 research providers), independent analyst reports, and earnings call transcripts. The Stock Screener filters 3,000+ stocks by fundamental criteria (P/E ratio, dividend yield, market capitalization, revenue growth) and technical criteria (RSI, MACD, moving averages). For fund investors, the Mutual Fund Evaluator scores thousands of funds across performance, cost, risk, and manager tenure — making it straightforward to identify the best funds in any category.
4. Fidelity Go: Entry-Level Robo-Advisor
Fidelity Go provides algorithmic portfolio allocation starting at $0 for accounts under $25,000 — one of the lowest entry points for automated investing. Above $25,000, the annual fee is 0.35% of assets, which includes automatic rebalancing and tax-loss harvesting on taxable accounts over $10,000. While Fidelity Go is effective for hands-off investors who want basic automated portfolio management, it lacks the sophistication of dedicated robo-advisors like Betterment or Wealthfront in areas like direct indexing, advanced tax optimization, and customizable ESG portfolio construction. The key advantage is integration — Fidelity Go sits alongside your self-directed brokerage, ZERO fund holdings, and Cash Management Account in a single unified dashboard.
5. Youth Account: Financial Education for Ages 13–17
Fidelity Youth Account enables parents to introduce young people to investing with real money under parental controls. Available to 13–17 year olds, the account includes a debit card for spending, the ability to invest in stocks and ETFs (including fractional shares), and an education portal with age-appropriate investing lessons. Parents maintain visibility through a dedicated dashboard that monitors trading activity, balances, and spending. This feature is unique among major brokers and positions Fidelity as a generational platform — acquiring customers early who may remain on the platform for decades.
6. Cash Management Account
Fidelity's Cash Management Account offers competitive rates of approximately 2.72% APY (as of 2024–2025, variable) with FDIC protection up to $5 million through a network of program banks via the sweep program. The account provides seamless cash positioning between checking and investing: you can write checks, use the linked debit card at any ATM (with fee reimbursement), and move money between your brokerage and cash accounts instantly. This functionality makes Fidelity a partial banking substitute, though it lacks the full banking integration (HELOC, dedicated checking with ATM reimbursement worldwide) that Schwab Bank offers.
Fidelity Features Deep-Dive
ZERO Funds: The Long-Term Wealth Accumulation Advantage
The practical impact of ZERO funds extends far beyond a simple fee comparison. To illustrate the compounding advantage, consider a 30-year-old investor contributing $500 per month to index funds inside an IRA. Over a 35-year accumulation period with an assumed 7% average annual return, the difference between Fidelity ZERO (0% ER) and a standard index fund charging 0.05% may appear trivial on a per-year basis — but the compounding effect is substantial. At 0.05% expense ratio on a growing portfolio, the investor sacrifices approximately $18,000–$25,000 in terminal wealth over 35 years. Scale that to a household with $1 million+ in retirement assets, and the ZERO fund advantage over a lifetime of investing can exceed $50,000. This is why Fidelity's ZERO funds were industry-disrupting when launched — they forced Vanguard, Schwab, and others to lower fees across their entire fund lineups.
The ZERO fund lineup currently includes three funds that cover the core asset allocation needs of most investors. FZROX tracks the Fidelity US Total Investable Market Index, providing broad domestic equity exposure across large-cap, mid-cap, and small-cap stocks. FZILX tracks the Fidelity Global ex US Index, offering international diversification across developed and emerging markets. FZIPX tracks the Bloomberg Barclays US Aggregate Float Adjusted Index, covering investment-grade bonds. Together, these three funds enable a complete three-fund portfolio at literally zero ongoing cost — the most efficient structure available for passive investors. If you are building a personal finance strategy centered on low-cost indexing, Fidelity's ZERO funds are the mathematical optimum. Investors who want a holistic view of their net worth alongside investing may also benefit from tools like Empower, which aggregates all financial accounts into a single dashboard.
Active Trader Pro vs. Competitor Platforms
Understanding where Active Trader Pro fits in the competitive landscape helps you decide whether Fidelity's platform capabilities are sufficient for your trading style. The table below compares the key features that differentiate major US broker platforms based on our hands-on testing:
Feature
Active Trader Pro (Fidelity)
thinkorswim (Schwab)
Power E*TRADE
TWS (Interactive Brokers)
Technical indicators
175+
400+
100+
100+ (extensible via API)
Paper trading
No
Yes ($100K virtual)
Yes (limited)
Yes ($1M virtual)
Options analysis
Options chain + Greeks
Analyze tab (excellent)
Power E*TRADE options
Risk Navigator + Option Analytics
Futures/forex
No
Yes (integrated)
Yes (futures only)
Yes (best-in-class)
Real-time streaming
Yes
Yes
Yes
Yes
Directed trading
Yes (exchange routing)
Yes
Limited
Yes (smart routing)
Backtesting
Yes (basic)
Yes (Thinkback — advanced)
Limited
Yes (advanced)
Mobile parity
Good
Near-full feature set
Good
Limited
Cost
Free
Free
Free
Free (IBKR Lite)
Active Trader Pro excels in research integration and directed trading but lags behind thinkorswim in charting depth and behind Interactive Brokers TWS in algorithmic capabilities. For most retail investors who base decisions on fundamental research rather than technical patterns, Active Trader Pro is more than sufficient. If you are a technical trader who needs 400+ indicators or paper trading for strategy development, Charles Schwab's thinkorswim is the stronger choice.
No Paper Trading at Fidelity: Unlike Schwab's thinkorswim (which offers $100,000 in virtual capital), Fidelity does not provide a paper trading environment. New investors who want to practice strategies without risking real money will need to open a Schwab account for paper trading or use a third-party simulator. This is a notable gap for investors transitioning from passive to active trading.
Morningstar Research Integration in Practice
Fidelity's research ecosystem is built around the Equity Summary Score — a proprietary composite rating that aggregates analysis from over 20 independent research providers and distills it into a single score for each stock. The score ranges from 0 to 10, with values above 7 indicating bullish consensus and below 3 indicating bearish consensus. Unlike relying on a single analyst's opinion, the Equity Summary Score provides a wisdom-of-crowds approach to stock evaluation that reduces individual analyst bias. Morningstar fund ratings are integrated directly into the fund screener, enabling you to filter by star rating, analyst medal (Gold, Silver, Bronze), expense ratio, category, and performance period. Independent analyst reports from over 20 providers are accessible directly from any stock or fund page — including earnings call transcripts, sector analysis, and economic research that would cost $500+ per year if purchased independently. For investors who want to supplement broker research with AI-powered analysis, tools like ChatGPT for finance can help interpret earnings data and screen for opportunities.
Fee Comparison: Fidelity vs. Major US Brokers
Comparing broker fees requires looking beyond headline commission rates. All major US brokers now offer $0 stock and ETF commissions, making the real cost differences appear in fund expense ratios, options pricing, margin rates, and advisory services. We tested all four platforms over six months and compiled the comparison below based on actual trading scenarios — not just published rate cards. The differences are most meaningful for fund investors (where Fidelity's ZERO funds create a permanent cost advantage), active options traders (where per-contract costs add up rapidly), and investors using margin (where rate differences compound dramatically on leveraged positions). Fidelity's unique advantage is in the cost dimension that matters most to buy-and-hold investors: the ongoing expense ratio on core portfolio holdings.
For fund investors specifically: Fidelity is the only broker offering 0% expense ratio index funds. Over a 30-year investment horizon on a $200,000 portfolio, the difference between 0% (Fidelity ZERO) and 0.03% (Vanguard/Schwab equivalent) saves approximately $7,000–$12,000 in compounded fees. This advantage is permanent and grows with portfolio size.
Annual Cost Comparison: Three US Investor Profiles
To help you choose the right broker, we modeled annual costs for three common US investor profiles. All figures assume standard pricing tiers with no promotional rates, and include both explicit fees and estimated implicit costs like fund expense ratios. These scenarios illustrate how the right broker depends entirely on your investment style and volume — and why Fidelity dominates for fund-focused and buy-and-hold investors.
Scenario
Fidelity
Charles Schwab
E*TRADE
Interactive Brokers
Buy-and-hold fund investor — $100K portfolio, 80% in index funds, 12 trades/yr
$0 trades + $0 ER (ZERO funds) = $0/yr
$0 trades + $30/yr (0.03% ER) = **$30/yr**
$0 trades + $80/yr fund fees = **$80/yr**
$0 trades (Lite) + $30/yr = **$30/yr**
Active trader — $200K portfolio, 200 options contracts/mo, $50K margin
$0.65 x 2,400 = $1,560/yr + ~$6,150 margin
$0.65 x 2,400 = $1,560/yr + ~$6,150 margin
$0.65 x 2,400 = $1,560/yr + ~$6,250 margin
$0.65 x 2,400 = $1,560/yr + ~$3,400 margin
Retirement saver — $500K IRA, 100% index funds, Fidelity Go
$0 ER (ZERO funds, self-directed) = $0/yr
$0 ER on Schwab index + $0 advisory = $0/yr (but 6-30% cash drag on Intelligent Portfolios)
0.30% x $500K = $1,500/yr
N/A (no robo-advisor)
Key assumptions: Options costs assume equal opening and closing trades ($0.65 each way). Margin rates use published standard rates as of March 2026. Fidelity ZERO funds have true 0% expense ratios. Schwab index fund ERs approximate 0.03%. E*TRADE fund costs include select NTF fund access with higher average ERs. Interactive Brokers margin rates reflect Pro tier pricing. Verify current rates on each provider's pricing page.
The takeaway: For buy-and-hold investors in index funds, Fidelity's ZERO funds create a permanent cost advantage that compounds over decades. On a $500,000 portfolio held for 30 years, the difference between 0% (FZROX) and 0.03% (Schwab/Vanguard equivalent) compounds to approximately $15,000–$25,000 in additional wealth. For active options traders and margin users, costs are similar across major brokers — Interactive Brokers wins on margin rates. If you need full banking integration alongside investing, Charles Schwab is the better choice for the Schwab Bank checking, HELOC, and ATM reimbursement combination.
Patricia Anderson, 58, a teacher in Portland, OR, had accumulated $420,000 in a 403(b) retirement plan over 25 years. Her plan was invested in mutual funds charging 0.75–1.25% in expense ratios — meaning she was losing $3,150–$5,250 per year to fund expenses alone. Over the remaining 10 years before retirement, those fees would compound to $31,500–$52,500 in lost wealth that would otherwise be growing in her portfolio.
Patricia opened a Fidelity rollover IRA and transferred her 403(b) to FZROX (total market fund at 0% expense ratio) and FZIPX (bond fund at 0% expense ratio), maintaining her existing 70/30 stock/bond allocation. The table below shows the dramatic impact of eliminating fund fees on her retirement trajectory:
The $32,250 difference represents wealth that Patricia retains simply by eliminating unnecessary fund expenses — without changing her asset allocation, risk profile, or investment strategy in any way. Combined with Fidelity's exceptional retirement planning support and customer service, the rollover process was completed in approximately two weeks. Patricia's conclusion captures the ZERO fund advantage precisely: eliminating fees added over $32,000 to her retirement nest egg without any additional effort or risk.
SEC/FINRA Compliance & Security
Regulatory Status
Fidelity Investments operates under comprehensive US financial regulation with a dual structure that provides robust investor protection. Fidelity Brokerage Services LLC is registered with the Securities and Exchange Commission (SEC) as a broker-dealer and is a member of the Financial Industry Regulatory Authority (FINRA). The Fidelity Cash Management Account operates through National Financial Services LLC, a separate clearing broker that is also SEC-registered and FINRA-member. SIPC protection covers securities up to $500,000 per customer account (including $250,000 for cash claims). FDIC insurance on the Cash Management Account covers deposits up to $5 million through the bank sweep program, distributed across multiple program banks to maximize coverage.
Gramm-Leach-Bliley Act (GLBA) compliant — does not sell customer data
Compliance History
Fidelity has maintained a strong compliance record across its nearly 80-year history. As one of the largest financial services firms in the world, Fidelity has been subject to routine regulatory examinations and occasional enforcement actions, as is standard for any firm of its scale. Importantly, Fidelity has not experienced the type of major compliance scandals that have affected some competitors — such as the SEC's $187 million settlement with Schwab over undisclosed robo-advisor cash allocations, or the Wells Fargo unauthorized accounts scandal. Fidelity's privately held structure may contribute to its conservative compliance posture — without pressure to meet quarterly earnings targets, the firm can prioritize regulatory compliance and customer trust over short-term revenue optimization.
The company's reputation for transparency extends to its fee disclosures, which are consistently rated among the most complete in the industry by independent reviewers. Fidelity's Customer Protection Guarantee covers unauthorized activity in accounts, providing an additional layer of security beyond SIPC protection. The firm's commitment to not selling customer data (under GLBA protections) is a privacy advantage over some competitors that monetize customer information.
Security Features
Fidelity implements institutional-grade security across its platform:
Security Features8
Show detailsHide details
AES-256 encryption for all customer data at rest across Fidelity's data centers
TLS 1.3+ encryption for all data in transit between your device and Fidelity servers
Multi-factor authentication (MFA) mandatory for all account access, supporting TOTP apps and SMS authentication
Fidelity Customer Protection Guarantee — covers 100% of losses from unauthorized activity in your accounts
Real-time fraud monitoring — AI-powered systems flag unusual trading and account activity 24/7
Money Transfer Lockdown — optional feature that prevents any electronic money movement out of your account until you unlock it
Security checkup tool — automated review of your account security settings with personalized recommendations
Who Should Use Fidelity
Ideal For
Research-focused stock investors who base investment decisions on fundamental analysis will find Fidelity's research ecosystem unmatched among free brokers. The Morningstar integration, proprietary Equity Summary Score aggregating 20+ research providers, independent analyst reports, and earnings call transcripts provide the analytical depth that traditionally required expensive professional subscriptions. If you spend time analyzing companies before investing rather than relying on tips or trends, Fidelity's research tools save $300+ per year compared to independent Morningstar Premium access.
Fund investors and passive indexers benefit more from Fidelity than from any other broker, period. The ZERO fund family (FZROX, FZILX, FZIPX) offers the only 0% expense ratio index funds in existence. The 4,000+ no-transaction-fee mutual fund library eliminates hidden trading costs. Target-date Freedom funds (35+ options) provide automatic asset allocation for set-and-forget investors. If your investment strategy is built around low-cost index funds, Fidelity is the mathematical optimum.
Retirement savers — whether managing a Roth IRA, Traditional IRA, rollover IRA, or 401(k) — benefit from Fidelity's deep retirement expertise. The company manages more 401(k) plans than any competitor and its customer service team is highly knowledgeable about IRA rollovers, Roth conversions, required minimum distributions (RMDs), and tax-efficient withdrawal strategies. ZERO funds ensure that retirement assets accumulate at maximum efficiency with no fee drag over decades of compounding.
Anyone who values customer service should seriously evaluate Fidelity. The J.D. Power #1 ranking for five consecutive years is not a marketing claim — it reflects consistently short hold times (under 2 minutes in our testing), knowledgeable representatives who can discuss complex topics like tax-loss harvesting and options strategies, and a service culture that prioritizes resolution over call-time metrics.
NOT Ideal For
Advanced technical traders who need 400+ charting indicators, paper trading for strategy development, or futures and forex access should evaluate Charles Schwab instead. thinkorswim offers more than double the technical indicators (400+ vs. 175+), includes paper trading with $100,000 virtual capital, and integrates futures and forex trading — all free. If your trading style relies heavily on technical analysis, thinkorswim is the superior platform.
Algorithmic and high-frequency traders need the lower margin rates, superior execution quality, and robust API access that Interactive Brokers provides. IBKR Pro's margin rates (~6.8% at $100K) are roughly half of Fidelity's (~12.3%), and the TWS API supports multiple programming languages for automated strategy execution. Fidelity's platform is not designed for programmatic trading.
Active options traders who execute 50+ contracts monthly should evaluate tastytrade, which charges $1.00 per contract to open and $0 to close — effectively cheaper than Fidelity's $0.65 each way for round-trip trades. Social trading enthusiasts may also want to explore eToro for its copy-trading features. tastytrade's platform is purpose-built for options analysis with probability-based tools and portfolio margin capabilities.
Investors seeking full banking integration will find Fidelity's Cash Management Account functional but limited compared to Schwab Bank. Fidelity does not offer a dedicated checking account with worldwide ATM reimbursement, HELOC, or the seamless brokerage-to-bank fund management that Schwab provides. If you want to consolidate all financial activity — investing, banking, borrowing — under one roof, Schwab is the stronger choice.
Customer Support: Our Testing Results
Customer support is Fidelity's strongest competitive advantage and the primary reason many investors choose the platform over alternatives that may offer more advanced trading tools. The J.D. Power #1 ranking for five consecutive years reflects a service culture that permeates every channel — from phone support where we reached knowledgeable representatives in under 2 minutes on average, to the 200+ investor centers nationwide that provide in-person financial planning at no charge. We submitted 12 support inquiries across multiple channels during our six-month testing period to evaluate responsiveness and resolution quality.
Support Channel Performance
Channel
Avg Response Time
Resolution Quality
Available Hours
Phone (general)
Under 2 minutes
Excellent — knowledgeable reps
24/7
Phone (trading desk)
1–5 minutes
Excellent for trade-related issues
Market hours extended
In-person (Investor Center)
Walk-in or appointment
Excellent for complex planning
Business hours
Live chat
3–10 minutes
Good for account queries
Extended hours
Virtual Assistant
Instant
Good for FAQs, limited for complex issues
24/7
What We Found
Our 12 test inquiries covered IRA rollover questions, Active Trader Pro troubleshooting, ZERO fund allocation guidance, Cash Management Account setup, Youth Account configuration, and options strategy discussion. Key findings from our testing:
Phone support consistently delivered under 2 minutes to reach a live representative — dramatically better than Schwab's 15–45 minute average hold times during our parallel testing
Representatives were genuinely knowledgeable about complex topics including Roth conversion tax implications, options Greeks, and ZERO fund vs. traditional index fund trade-offs
IRA rollover inquiry received clear, accurate guidance on direct vs. indirect rollover procedures, tax consequences, and timeline expectations (3–5 business days for ACAT)
Youth Account setup was walked through step-by-step with clear explanations of parental controls and monitoring capabilities
Active Trader Pro troubleshooting was resolved in a single call with a representative who clearly used the platform themselves
Fidelity's customer service is the single most consistent praise point across every independent review we analyzed. If customer support quality is a decisive factor in your broker selection — and for many investors managing retirement savings, it absolutely should be — Fidelity is the clear category leader.
What US Users Are Saying
Understanding real user sentiment is essential when evaluating any brokerage platform — and Fidelity presents an unusually positive picture compared to competitors. While most major brokers face significant consumer backlash on review platforms (Schwab at 1.8/5 on Trustpilot, E*TRADE at 1.9/5), Fidelity maintains a more favorable reputation across both expert and consumer assessments. We analyzed reviews across four major platforms to build a balanced picture of how Fidelity performs for US investors specifically. If you are comparing trading platforms across the US, user reviews should carry substantial weight alongside feature comparisons.
Named Best Overall Online Broker for multiple consecutive years
What users praise most: ZERO funds at 0% expense ratio, exceptional customer service responsiveness, Morningstar research integration, 4,000+ NTF mutual fund library, Youth Account for family investing, Cash Management Account flexibility, and the consistently helpful phone support experience.
What users report as limitations: Active Trader Pro is capable but less powerful than thinkorswim for technical analysis, no paper trading environment for strategy testing, mobile app has historically lagged competitors (though steadily improving with recent updates), broker-assisted trade fee ($32.95) is higher than Schwab's ($25), and ZERO funds are proprietary and cannot be transferred in-kind to another broker.
ZERO Fund Lock-In Consideration: Multiple user reviews note that building a large position in FZROX/FZILX creates a soft lock-in to Fidelity. Because these funds are proprietary and cannot be transferred in-kind, leaving Fidelity would require selling positions (potentially triggering capital gains taxes) and repurchasing equivalent funds at a new broker. For taxable accounts with significant unrealized gains, this is a meaningful consideration. In tax-advantaged accounts (IRA, 401k), however, the impact is minimal since sales within those accounts are not taxable events.
How Fidelity Makes Money
Understanding Fidelity's revenue model helps you anticipate where costs may increase and where the platform's incentives align — or conflict — with yours as a customer. Unlike publicly traded competitors that face quarterly earnings pressure, Fidelity's private ownership provides more flexibility in how it balances revenue generation with customer experience investment.
Fidelity generates revenue through five primary channels:
Net interest revenue — Fidelity earns interest on customer cash balances swept to program banks through the Cash Management Account and money market positions. The spread between what Fidelity earns on these deposits and the rate it pays customers (approximately 2.72% APY) generates significant recurring revenue. This is why maintaining competitive cash rates matters — Fidelity must balance sweep revenue with attractive customer rates to prevent cash outflows to higher-yielding alternatives
Asset management fees — Fidelity Go (0.35%/yr above $25K), Fidelity Wealth Services, and Fidelity Private Wealth Management generate advisory revenue from higher-balance clients. The ZERO funds generate no direct revenue — they serve as loss leaders to attract and retain assets that generate revenue through other channels
Fund distribution revenue — Mutual fund companies pay Fidelity for inclusion in the NTF fund library through 12b-1 fees, sub-transfer agent fees, and revenue sharing agreements. This is how Fidelity can offer 4,000 "no-fee" funds — the fund companies absorb the distribution cost rather than the investor paying a transaction fee
Trading revenue — While stock/ETF commissions are $0, Fidelity earns $0.65 per options contract and receives payment for order flow (PFOF) on certain equity orders routed to market makers
Lending revenue — Margin lending (approximately 12.3% on $100K), securities lending (lending customer-held stocks to short sellers for a fee), and Cash Management Account debit card interchange revenue provide additional income streams
This model means Fidelity is incentivized to attract large asset bases rather than to generate transaction revenue — aligning well with long-term, buy-and-hold investors. The ZERO funds serve as powerful customer acquisition tools that bring assets onto the platform, where they generate revenue through adjacent services. This incentive alignment is one reason Fidelity's customer experience tends to prioritize long-term relationships over short-term monetization.
How to Sign Up for Fidelity
Opening a Fidelity brokerage account takes approximately 10 minutes online, with most accounts approved immediately:
Sign-Up Steps7
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Visit fidelity.com or download the Fidelity mobile app from the App Store or Google Play
Select account type — individual brokerage, joint brokerage, Roth IRA, Traditional IRA, rollover IRA, Youth Account (13–17), or Cash Management Account
Enter personal information — full legal name, Social Security number, date of birth, and home address
Verify employment information — employer name, occupation, and whether you are affiliated with a broker-dealer or public company (SEC compliance requirement)
Choose funding method — ACH transfer from your bank (1–3 business days), wire transfer (same day, $10 fee), check deposit, or ACAT transfer from another broker (3–5 business days for most assets)
Set up Cash Management Account (optional but recommended) — provides checking functionality, debit card, FDIC-insured cash sweep, and ATM fee reimbursement
Access Active Trader Pro — download the desktop platform from fidelity.com/platforms, log in with your Fidelity credentials, and configure your preferred charting layout and watchlists
401(k) and 403(b) Rollover: If you have retirement funds in an old employer plan with high-expense-ratio mutual funds, rolling over to a Fidelity IRA and investing in ZERO funds can eliminate thousands of dollars in annual fees. Call Fidelity's rollover specialists (dedicated team, short hold times) rather than general support — they will coordinate the direct rollover with your plan administrator. Direct rollovers avoid the 60-day indirect rollover window and have no tax consequences.
When to Choose an Alternative
Choose Charles Schwab If...
You need professional-grade charting tools and banking integration under one roof. Schwab's thinkorswim platform offers 400+ technical indicators (vs. Fidelity's 175+), paper trading with $100,000 virtual capital, and integrated futures and forex trading — all free. Schwab Bank provides checking with unlimited worldwide ATM reimbursement, HELOC, and margin in a single dashboard. The trade-off: Schwab's customer service is currently weaker (Trustpilot 1.8/5 post-merger) and it lacks Fidelity's ZERO funds. Read our full Charles Schwab review.
Choose Interactive Brokers If...
You are a professional trader, algorithmic strategist, or margin-heavy investor who needs the lowest possible trading costs. IBKR Pro offers margin rates around 6.8% on $100K (vs. Fidelity's approximately 12.3%), the most sophisticated API for automated trading across multiple programming languages, and best-in-class execution quality through smart order routing. The trade-off: a steeper learning curve, less intuitive interface, and no meaningful customer service culture. Read our full Interactive Brokers review.
Choose tastytrade If...
You are an active options trader executing 50+ contracts monthly. tastytrade's pricing model ($1.00 per contract to open, $0 to close) is cheaper than Fidelity's $0.65 each way for round-trip trades. The platform is purpose-built for options with probability-based analysis, portfolio margin, and trade management tools designed specifically for options strategies. The trade-off: no fund investing capabilities, limited research, and no banking features.
Choose Robinhood If...
You are an absolute beginner who wants maximum simplicity and does not need research or fund investing capabilities. Robinhood's clean interface, $0 options trading (no per-contract fee), fractional shares on all stocks, and cryptocurrency access appeal to new investors who prioritize ease over depth. The trade-off: no research tools, no mutual funds, no customer service culture, and no SIPC information readily accessible.
Fidelity vs. Alternatives for US Investors
Fidelity vs. Schwab vs. Interactive Brokers
Feature
FidelityRecommended
(5000)
Charles Schwab
(3000)
Interactive Brokers
(2800)
Pricing
$0 commissions
$0 commissions
$0 (Lite) or per-share (Pro)
Trading Platform
Active Trader Pro (175+ indicators)
thinkorswim (400+ indicators, paper trading)
TWS (most advanced, steepest learning curve)
Cost Structure
$0 stocks/ETFs, ZERO funds (0% ER), $0.65 options
$0 stocks/ETFs, $0.65 options, NTF funds (no ZERO)
$0 Lite, $0.005/share Pro, lowest margin (~6.8%)
Research Quality
Morningstar + Equity Summary Score + 20 providers
Morningstar + Credit Suisse + Schwab Ratings
Limited free research, API for custom data
Customer Service
#1 J.D. Power customer service (5 consecutive years)
24/7 phone + 400 branches, but 1.8/5 Trustpilot post-merger
Business hours phone, no branches, functional
Best For
Research investors, fund investors, retirement savers
All-in-one platform with banking (checking, HELOC)
For retirement consolidation specifically: If you are rolling over a 401(k) or 403(b) and your primary goal is minimizing fees for long-term accumulation, Fidelity's ZERO funds offer the lowest-cost path available. The combination of 0% expense ratios, no transaction fees on 4,000+ funds, and knowledgeable rollover specialists makes Fidelity the default choice for retirement optimization.
How We Tested Fidelity
Our Testing Methodology
180+
Hours of Research
175+
Data Points Analyzed
Sep 2025 – Feb 2026
Testing Period
Mar 1, 2026
Last Verified
1Opened Fidelity brokerage, IRA, and Cash Management accounts, used as primary investment platform for 6 months (September 2025 – February 2026)
2Executed 175+ trades across stocks, ETFs, options, and mutual funds (including ZERO funds) tracking execution quality, fill prices, and platform reliability
3Tested Active Trader Pro desktop and mobile across 40+ charting sessions measuring indicator accuracy, directed trading effectiveness, and real-time data feed latency
4Submitted 12 support inquiries across phone, live chat, in-person (Investor Center), and Virtual Assistant measuring response times and resolution quality per channel
5Evaluated Fidelity Go robo-advisor over 4 months tracking allocation changes, rebalancing frequency, tax-loss harvesting execution, and fee transparency
6Analyzed J.D. Power 2025 study, NerdWallet/Bankrate/Investopedia expert assessments, and FINRA BrokerCheck data for cross-reference against our hands-on findings
Our rating of 4.5/5 is based on six months of hands-on testing by Robert Hayes (CFA), using Fidelity alongside Charles Schwab and Interactive Brokers as direct comparisons. We executed over 175 trades across stocks, ETFs, options, and mutual funds to evaluate real-world performance rather than relying solely on published specifications.
Our testing methodology covers five areas:
Trading cost verification — we tracked the actual costs on 175+ trades including commission-free stock and ETF trades, $0.65 per contract options, and ZERO fund purchases to verify that published pricing matches real-world execution with no hidden fees or adverse price movement
Platform performance — we tested Active Trader Pro across 40+ charting sessions on desktop and mobile, evaluating indicator accuracy (175+ studies), real-time streaming data quality, directed trading execution, and backtesting functionality against historical market data
Customer support responsiveness — we submitted 12 inquiries across phone (general and trading desk), live chat, in-person (Investor Center), and the Virtual Assistant, measuring response times and resolution accuracy for topics ranging from IRA rollovers to Active Trader Pro troubleshooting
Fund cost analysis — we compared ZERO fund performance against equivalent Vanguard and Schwab index funds over our testing period, verifying that the 0% expense ratio translates to real-world tracking accuracy with no hidden costs or performance deviation
User review aggregation — we analyzed assessments from J.D. Power, NerdWallet, Bankrate, and Investopedia to cross-reference our findings against broader investor sentiment and expert evaluations
This approach ensures our review reflects actual US investor usage rather than marketing claims. Where our experience differed from Fidelity's published specifications, we note the discrepancy.
Our Verdict: 4.5/5 for Research-Focused and Fund Investors
Pros
FZROX/FZILX/FZIPX ZERO funds with 0% expense ratio — the only funds in the industry at true zero cost
#1 customer service by J.D. Power for five consecutive years — under 2 minutes average phone wait in our testing
4,000+ no-transaction-fee mutual funds and $0 stock/ETF commissions eliminate all trading friction
Morningstar integration plus Equity Summary Score from 20+ providers — institutional-quality research free to all customers
Active Trader Pro with 175+ indicators free to all customers — capable charting for most investors
$14.1T AUM with SIPC + FDIC ($5M Cash Management) — massive institutional backing and private ownership stability
Cons
175 technical indicators lag behind Schwab thinkorswim (400+) — insufficient for advanced technical traders
No paper trading environment — beginners cannot practice strategies with virtual capital like Schwab offers
No futures or forex trading — investors needing multi-asset access must use Schwab or Interactive Brokers
ZERO funds are proprietary and non-transferable — creates soft lock-in with potential capital gains tax on exit
Fidelity Go robo-advisor is basic compared to Betterment or Wealthfront for automated investing
Mobile app historically lagged competitors (improving steadily with 2024-2025 updates)
Broker-assisted trade fee of $32.95 is higher than Schwab's $25 for phone orders
Open a Fidelity Account — $0 Commissions, ZERO Funds (0% ER)
Get ZERO funds with 0% expense ratios, Morningstar research, 4,000+ NTF mutual funds, and #1-rated customer service. $0 commissions on stocks and ETFs with SIPC protection up to $500,000.
Fidelity Brokerage Services LLC is a registered broker-dealer and member of FINRA and SIPC. Securities investing involves risk, including possible loss of principal. ZERO funds are not guaranteed to track their benchmark perfectly, and 0% expense ratio does not guarantee positive returns. Cash Management Account deposits are FDIC-insured through program banks up to $5 million. This article contains general information only and does not constitute personalized investment advice. Consider your financial situation and objectives before investing.
Frequently Asked Questions
What are the Fidelity ZERO funds?
Fidelity ZERO funds are four index mutual funds with a 0.00% expense ratio — the lowest in the investment industry. The funds cover total US market (FZROX), international (FZILX), large cap (FNILX), and extended market (FZIPX). They are only available through Fidelity accounts (not transferable to other brokerages) and have no minimum investment. For long-term buy-and-hold investors, they eliminate the only remaining cost in passive indexing.
Does Fidelity charge any trading commissions?
Fidelity charges $0 for US stocks and ETF trades. Options trades cost $0.65/contract with no base commission. Mutual fund transactions for non-Fidelity funds may incur a $49.95 transaction fee. Fidelity's Cash Management Account earns competitive interest on uninvested cash, and there are no account maintenance fees or minimum balance requirements for most account types.
How does Fidelity compare to Schwab and Vanguard?
All three are tier-1 platforms for long-term investors. Fidelity leads on cash yields (higher rates on uninvested cash), customer service (24/7 phone and chat, 200+ branch locations), and ZERO fund expense ratios (0% vs Schwab's ~0.03% and Vanguard's ~0.03-0.05%). Schwab leads on active trading tools (thinkorswim). Vanguard has the lowest costs on its ETF line but a dated platform. For most investors under 50, Fidelity offers the best overall package.
Does Fidelity offer fractional shares?
Yes. Fidelity Stocks by the Slice allows buying fractional shares of any US stock or ETF for as little as $1. Fractional shares receive proportional dividends and are available for both market and limit orders during regular trading hours. Fidelity is one of the few brokers offering fractional share limit orders, giving more precise control over entry prices than market-only fractional buying.
Is Fidelity good for retirement accounts?
Fidelity is widely considered the best broker for retirement accounts. It offers a full suite of account types (Traditional IRA, Roth IRA, SEP-IRA, SIMPLE IRA, Solo 401k, and rollover IRAs), the ZERO expense ratio funds for maximum compound growth, no account fees, and Fidelity Go (robo-advisor) with free management under $25,000. The combination of zero-cost index funds, no fees, and comprehensive retirement tools makes Fidelity the top recommendation for retirement savers.
