Fidelity: Best Online Broker Global 2023
Since its launch in 1946, Fidelity has established a global investment presence spanning four continents. More than 40 million people trust the Boston-headquartered company to help them achieve their financial goals. As of December 2022, Fidelity had $10.3tn worth of assets under administration and $3.9tn in total discretionary assets. It offers a range of investing and financial planning services, including a full-featured, low-cost brokerage account that’s suitable for novice and experienced investors alike. Fidelity’s online trading account enables access to a range of investments, including stocks, options, ETFs, mutual funds, CDs, IPOs and precious metals. It’s one of the most competitive brokerage accounts on the market, delivering superb execution quality that saved customers over $1.9bn through price-improved trades in 2021. It charges no commission for stock, ETF and options trades; no fees on outgoing account transfers, bank wires and insufficient funds; as well as zero-expense-ratio index and mutual funds. Fidelity’s competitive pricing is complemented by more than 20 free and independent research providers covering individual stocks, thematic topics and daily market updates. Fidelity account holders have access to over 3,400 mutual and exchange-traded funds, including Fidelity’s own products (with long track records of reliable performance). Fidelity customers enjoy access to trading in 25 international markets and exchanging money in 16 currencies. They can even buy fractional shares, or “stocks by the slice”. The CFI.co judging panel announces Fidelity as the 2023 global award winner for Best Online Broker.
