Fidelity Alternatives

Category: Broker Guides | Author: Trading Brokers | Date: July 13, 2023

Looking for alternatives to Fidelity? Well, you’ve come to the right place. Fidelity is one of the largest and most popular financial services companies in the world, offering a wide range of products and services to individual investors, institutions, employers, and advisors. However, Fidelity may not be the best choice for everyone, depending on their needs, preferences, and goals. In this article, we’ll explore some of the top alternatives to Fidelity, considering factors like features, fees, platforms, customer service, and reputation. We’ll compare five brokers that offer comparable or even better services than Fidelity: IG, Forex.com, AvaTrade, and XM Group. By examining these options, you’ll be able to find the right fit for your investment goals and preferences.

Overview of Fidelity

Fidelity, founded in 1946, is a leading financial services company with a strong global presence. It boasts over 35 million customers and an impressive $10.4 trillion in assets under administration. Fidelity offers a comprehensive range of investment products, including mutual funds, ETFs, stocks, bonds, options, futures, and annuities. Additionally, they provide retirement plans, wealth management services, trading and brokerage services, financial planning and advice, online trading platforms, banking services, and charitable giving programs.

With a user-friendly website, mobile apps for iOS and Android, and a network of over 190 investor centers across the US, Fidelity ensures customers can access their accounts and receive in-person service and guidance when needed. Regulated by top authorities such as the SEC and FINRA, Fidelity prioritizes security and protection for its customers. They safeguard funds with SIPC insurance and provide additional insurance coverage for eligible accounts. While Fidelity offers low or no fees for many of its products and services, it’s important to review the transparent fee structure on its website to understand any applicable commissions, spreads, fund expenses, account fees, or platform fees.

Fidelity Logo

Fidelity is a US brokerage offering a broad choice of investments with competitive fees, advanced trading platforms, expert analysis and powerful tools to help you make informed decisions.

All investments involve risk, including loss of principal. Past performance does not guarantee future results.

Best Alternatives to Fidelity

While Fidelity is a great option for many investors, it may not suit everyone’s needs or preferences. Here are some of the best alternatives to Fidelity that you may want to consider:

IG

IG is a better alternative to Fidelity if you are looking for a global online broker that offers access to a wide range of markets, including forex, indices, shares, commodities, cryptocurrencies and options. IG is a global online broker that was founded in 1974 and is regulated by several authorities around the world. IG also provides CFDs (contracts for difference) and spread betting services for UK clients. IG has its own proprietary trading platform, as well as MetaTrader 4 (MT4) and ProRealTime platforms. IG also has a web-based platform and mobile apps for iOS and Android devices. IG is known for its competitive spreads and commissions, its advanced trading tools and features, its educational resources, and its customer support. IG has over 239,000 clients worldwide and processes over 8 million transactions per month.

IG Logo

IG have an impressive selection of 18,000+ instruments including Forex, Stocks, Cryptos and Commodities. You can trade via easy to use platforms for desktop and mobile apps, with low trading costs and the peace of mind that you are using one of the most well-known brokers in the industry.

71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Forex.com

Forex.com is a better alternative to Fidelity if you are looking for an online broker that specializes in forex trading. It is a leading online broker that specializes in forex trading. Forex.com was founded in 2001 and is regulated by several authorities around the world. Forex.com offers access to over 80 currency pairs, as well as metals, indices, and commodities. Forex.com also provides CFDs on stocks, ETFs, and cryptocurrencies. Forex.com has its own proprietary trading platform, as well as MT4 and MT5 platforms. Forex.com also has a web-based platform and mobile apps for iOS and Android devices. Forex.com is known for its tight spreads and low commissions, its fast execution and reliable pricing, its research and analysis tools, and its customer service. Forex.com has over 200,000 clients worldwide and handles over $15 billion in average daily volume.

Forex.com Logo

Since 2001, Forex.com has been providing traders around the globe with industry leading trading conditions including user-friendly platforms, tight spreads, low commission fees, rapid trade execution speeds. The broker is regulated in multiple jurisdictions and has a huge selection of trading instruments, powerful tools and educational materials.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

AvaTrade

AvaTrade is a better alternative to Fidelity if you are looking for a global online broker that offers access to a diverse range of trading instruments and features, including forex, stocks, indices, commodities, cryptocurrencies, and options. It is a global online broker that was founded in 2006 and is regulated by several authorities around the world. AvaTrade offers access to over 1,250 markets and also provides CFDs and social trading services through ZuluTrade and DupliTrade platforms. AvaTrade has its own proprietary trading platform, as well as MT4, MT5, and AvaOptions platforms. AvaTrade also has a web-based platform and mobile apps for iOS and Android devices. AvaTrade is known for its low minimum deposit and high leverage, its diverse trading instruments and features, its educational resources, and its customer support. AvaTrade has over 300,000 clients worldwide and handles over $60 billion in average monthly volume.

AvaTrade Logo

Our #1 Broker 2023

AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

XM Group

XM Group is a better alternative to Fidelity if you are looking for a global online broker that offers access to over 1,000 markets, including forex, stocks, indices, commodities and cryptocurrencies. It is a global online broker that was founded in 2009 and is regulated by several authorities around the world. XM Group also provides CFDs and micro accounts for small traders. XM Group has MT4 and MT5 platforms, as well as a web-based platform and mobile apps for iOS and Android devices. XM Group is known for its low spreads and commissions, its fast execution and no requotes, its research and analysis tools and its customer service. XM Group has over 3.5 million clients worldwide and handles over $300 billion in average monthly volume.

XM Logo

XM Group is a multi-award winning globally established and regulated broker that offers tight spreads, fast execution speeds and low commission fees, for trading over 1,000 instruments on user-friendly platforms. They also provide education, market analysis tools and convenient funding options.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Conclusion

In conclusion, Fidelity is an excellent choice for many investors seeking a reliable and cost-effective online broker. However, it’s important to recognize that Fidelity may not be the ideal solution for everyone based on their specific needs, preferences, and objectives. Throughout this article, we’ve presented some of the best alternatives to Fidelity, considering various factors such as features, fees, platforms, customer service, and reputation. By comparing IG, Forex.com, AvaTrade, and XM Group, investors can discover brokers that offer similar or even superior services to Fidelity. Ultimately, the best alternative to Fidelity will depend on your individual circumstances and preferences.


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