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Fidelity Investments IRA Review 2012
Fidelity Rollover IRA, Roth IRA, Traditional IRA, SEP-IRA, Inherited IRA, Self-Employed 401(k), SIMPLE-IRA, 401(k) Plan for Large Business
individual retirement accounts review, fees and commissions
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- Equities: $19.95 if 1-36 trades/year. $10.95 if 37-120 trades/year. $8 if over 120 trades/year
- Options commission: $19.95+$0.75/contract if 1-36 trades/year. $10.95+$0.75/contract if 37-120 trades/year. $8.00+$0.75/contract if over 120 trades/year
- Mutual Funds: No transaction fee when trading over 1,400 Fidelity and non–Fidelity mutual funds. $75 for all others
- Bonds: U.S. Treasury Auctions, incl. TIPS Auctions, U.S. Treasury Bills, Notes, Bonds, incl. TIPS: free
- GSE (Agency Securities), secondary CDs, Municipals, Corporates (BBB- or higher), CATS/TIGRS, Corporates (BB+ or lower): $1.00/bond.
- Commercial Paper: $50 per transaction
- Investment products: stocks, bonds, mutual funds, options, Commercial Paper, ETFs
- Rollover IRA
- Roth IRA
- Traditional IRA
- SEP-IRA
- Inherited IRA
- Self-Employed 401(k)
- SIMPLE-IRA
- 401(k) Plan for Large Business
Fidelity Investments Traditional/ROTH/IRA Rollover/SEP/Simple/401(k) IRA Accounts Fees
- IRA setup fee: $0
- Annual fees: $25 for Simple IRA
- IRA termination fee: $0
- Check Ordering HSAs will be subject to a fee of $10 per order of 25 checks
- Mutual Fund Low Balance Fee $12 per year for each noncore Fidelity fund under $2,000
Fidelity Investments IRA review
Fidelity and Vanguard mutual fund families had long been favorites for IRA account holders. With Fidelity IRA accounts, customers
could get many Fidelity mutual funds at no transaction cost (free). But if one wants to buy non-Fidelity mutual funds, there is a
very high price to pay - $75 per transaction!
Stock and exchange traded funds (ETFs) commissions at Fidelity are just above the average in the industry: $7.95 per trade.
There are better priced online brokerage houses for stocks and ETF, like Optionshouse (Optionshouse IRA review),
or Zecco (Zecco IRA review).
Fidelity individual retirement accounts don't have many fees, in particular there are no IRA setup or annual IRA fees.
The brokerage firm does, however, charge a Mutual Fund Low Balance Fee of $12 per year for each noncore Fidelity fund if the
value is less than $2,000. There is also Short Term Redemption fee of $75 if mutual fund is sold within 180 days after buying it.
The brokerage firm are no surcharges on extended hours trades or penny stocks.
Individual retirement account could be opened at Fidelity with $2,500 in cash or equities.
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