Review of the Fidelity Forex Broker: Detailed Research and User Opinions Analysis
The Fidelity forex broker is part of the Fidelity Investment, an investment holding managing assets of $2-2.5 trillion. The main goal of the fidelity.com resource owned by this holding is to provide brokerage services in investments and online trading. We have carefully studied the information provided about the forex broker, conducted an analysis of customer reviews, and want to present our neutral review to you.
Information about the Fidelity Company
Fidelity is a member of the New York Stock Exchange and Securities Investor Protection Corporation (SIPC). It is under the control of the U.S. Securities and Exchange Commission (SEC) and specializes in asset management and brokerage activities. The company has branches throughout the United States, as reflected on fidelity.com.
Official Website Review
The fidelity.com site contains extensive information, but its primary language is English, as the company’s services are aimed at U.S. residents. On the main page of fidelity.com, you can find key points of the terms of use and a warning about the risks of trading in financial markets.
Account Types Review
The Fidelity forex broker offers various types of accounts categorized. The full list of account types with detailed characteristics is available at fidelity.com/open-account/all-accounts. We will review 4 account types from the Investing and Trading category:
- Brokerage Account: Full-featured brokerage account with online trading capabilities for stocks, fund investments, etc.
- Cash Management Account: An alternative to a bank account with investment options and insurance up to $1.25 million.
- Brokerage and Cash Management Open online: Combines features of the two previous account types.
- The Fidelity Account for Businesses: For managing business finances and trading.
Trading Conditions Review
Platform users have access to various trading tools in the Forex market. Clients can invest in assets of different companies, mutual funds, metals, commodities, participate in IPOs, trade options. Fidelity does not charge commissions for buying shares of U.S. companies and provides consultations and training for beginners.
Trading Platform Review
The primary trading platform for traders is Active Trader Pro, with a mobile application also available. The platform offers extensive graphical capabilities, real-time analytics and news, convenient management, customization for clients, and stable performance.
Fidelity Security Measures
Various tools are used to ensure the security of clients, including 2-factor authentication, instant notifications, and data encryption. The company promises round-the-clock security monitoring of fidelity.com operations.
Some Points of the User Agreement
The user agreement contains theses that may raise questions for some investors. For example, the company reserves the right to restrict access to the site at any time without explanations. Major disputes are resolved under Massachusetts law.
Customer Reviews
Forums are dominated by positive reviews of Fidelity. Clients note the quality of support and the opportunity for automated trading.
Pros and Cons
Negative aspects:
- Main focus on English-speaking clients,
- Country restrictions for service provision.
Positive aspects:
- Wide range of tools,
- Excellent trading platform,
- Accountability to regulators,
- Positive reviews,
- Trading on multiple markets and with major companies.
Review Conclusion
The Fidelity forex broker, part of a powerful investment holding, offers broad trading opportunities. It has some limitations but is generally a reliable choice for investors.
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