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A Guide to Fidelity Brokerage Accounts: Start Investing Today

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Learn about opening a Fidelity brokerage account and investing wisely.

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Fidelity Investments has long been a trusted name in the financial industry, offering a wide range of services including brokerage accounts. If you're considering opening a brokerage account with Fidelity, it's important to understand how they work and what you can expect from this reputable firm.

With a brokerage account, any money you contribute or earn is yours to withdraw at any time. Just know that any earnings, or gains from selling investments, are subject to taxes. Fidelity offers a variety of investment options including stocks, bonds, mutual funds, ETFs, and more.

Fidelity and Robinhood are different in that Fidelity is an established, full-service financial brokerage firm and Robinhood is a newer, commission-free trading platform. Fidelity may be a better fit for investors looking for a more comprehensive range of services and investment options.

If you're new to investing, Fidelity offers resources and tools to help you get started. They provide access to research and educational materials to help you make informed decisions about your investments. Additionally, Fidelity has a team of financial advisors available to provide guidance and support.

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.

You know you want to purchase mutual funds to plan for your retirement or another big goal, but don't know where to start? Fidelity offers a wide selection of mutual funds to choose from, including actively managed funds and index funds. Their platform makes it easy to research and compare funds to find the right fit for your investment goals.

Have some extra cash you want to invest? Brokerages are rewarding new clients with cash bonuses for opening and funding a new account. Fidelity often runs promotions for new customers, offering incentives like cash bonuses or commission-free trades.

Explore Fidelity CDs. Fidelity is an investment platform that has brokered CDs with high returns, a wide range of terms, and FDIC-insured protection. CDs can be a safe and secure way to earn a fixed rate of return on your money over a set period of time.

Opening a Fidelity account is simple, but requires a few important steps. Find out how to open a Fidelity brokerage account here. You'll need to provide personal information, including your Social Security number, to verify your identity and comply with regulatory requirements.

Today's interest rates may not last forever, so investors should take advantage. These brokers pay the highest rates on uninvested cash, making it easy to earn a competitive return on your idle funds. Fidelity offers competitive rates on cash balances in your brokerage account, helping you maximize your returns.

Fidelity Investments has no shortage of renowned actively managed mutual funds available to retail investors. Names you might have heard of include the Fidelity Contrafund, Fidelity Magellan Fund, and Fidelity Blue Chip Growth Fund. These funds are managed by experienced professionals who aim to outperform the market and deliver strong returns for investors.

Overall, Fidelity brokerage accounts offer a range of benefits for investors looking to grow their wealth and achieve their financial goals. Whether you're new to investing or a seasoned pro, Fidelity provides the tools and resources you need to succeed in the market.

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