Fidelity Investments Review

Account Types and Features

👉 To accommodate the requirements of individuals with different investment goals and risk tolerances, Fidelity Investments offers many self-directed and managed accounts. Compared to some other online brokers, Fidelity Investments accounts have no fees and no minimum deposit restrictions.

👉 Trade volume is a factor in determining the level of service clients get. To qualify as an active trader, you must complete at least 120 transactions every year and have access to a range of benefits. An active trader has VIP status if they make at least 500 deals each year. High-net-worth individuals may expect the best service possible from these merchants.

👉 With these accounts, Fidelity Investments also has options for retirement accounts and wealth management solutions as well as options for college savings plans and retirement plans to meet the financial goals and constraints of investors and their tax status.

👉 Fidelity Investments provides a variety of choices for regular investors and traders across the world, including the following:

➡️ Brokerage Account

➡️ Cash Management Account

➡️ Brokerage and Cash Management

➡️ The Fidelity Account for Businesses

➡️ Fidelity Go

➡️ Fidelity Personalized Planning and Advice

➡️ Portfolio Advisory Services Accounts

➡️ Fidelity Tax-Managed US Equity Index Strategy

➡️ Fidelity Equity-Income Strategy

➡️ Fidelity International Equity Strategy

➡️ Fidelity Tax-Managed International Equity Index Strategy

➡️ Fidelity US Large-Cap Equity Strategy

➡️ Fidelity Core Bond Strategy

➡️ Fidelity Intermediate Municipal Strategy

➡️ Breckinridge Intermediate Municipal Strategy

Live Trading Accounts

Brokerage Account

👉 This is a full-featured broker account that waives fees and minimum deposits. This account allows traders to trade US equities, ETFs, and options online at little cost and no fees.

👉 Traders may also access mutual funds, bonds, CDs, IPOs, and other trading assets using this account. Fidelity Investments provides traders with superior analysis and tools to help them make educated investing choices. This account has no yearly fee, and the margin rates start at 4%.

Cash Management Account

👉 Those seeking FDIC insurance may find the Fidelity Cash Management Account to be a viable alternative to traditional checking accounts. It is an easy decision for Kenyans who do not want to deal with the inconvenience of an investment or commercial bank when it comes to checking accounts.

Brokerage and Cash Management

👉 The Fidelity Account and the Cash Management Account work well together to provide Kenyan traders with a broad variety of advantages and advantages. In addition to the cash management account, traders may make use of a full-featured, low-cost brokerage account that includes ATM charge reimbursements and FDIC insurance coverage for all deposits.

The Fidelity Account for Businesses

👉 Financial institutions have access to a comprehensive variety of trading, mutual fund, and cash management capabilities via the Fidelity Business Accounts, which are available to institutional investors. Legal and professional organizations and associations may also apply for this account type.

👉 This low-cost brokerage account’s broad trading, mutual fund, and cash management features can meet the financial needs of institutional and professional traders. Some of the unique features of this account are:

➡️ Businesses may open a Fidelity account with no annual fees, and most Fidelity Mutual Funds are free to trade.

➡️ Trades in US stocks are free of charge.

➡️ There are more than 3,700 no-load Fidelity Mutual Funds in addition to others from other firms, 28 ETFs from Fidelity and 329 from iShares, plus 146 from other industry leaders available for trading and investing.

➡️ Free research from more than 20 different service providers.

➡️ Access to a powerful trading platform and tools for the most experienced traders.

➡️ Traders may pick between Fidelity Government Money Market Fund (SPAXX) and Fidelity Treasury Fund (SPAXX) as core positions for any uninvested capital in the account.

➡️ There is a wide range of deposit options, including direct deposit, checks, and so on (FZFXX).

Fidelity Go

👉 Trading and investing Kenyan professionals who desire easy, cost-effective, and professional money management solutions may utilize Fidelity Go. Investors who choose this option must answer a few questions about their risk tolerance, investing time horizon, and general objectives.

👉 Advisory costs are waived for investments under 1,100,000 KES (or an equivalent to $10,000). There is a $3 monthly charge for balances between $10,000 and $49,000. A 0.35% annual fee is imposed on investments $50,000 (5,700,000 KES) and more.

Fidelity Personalized Planning and Advice

👉 Fidelity Investments’ digital guidance solution offers investors digital investment management, 1-on-1 coaching from a team of advisers, and access to a range of financial issues.

👉 After completing a few questions online, Fidelity Investments will work with each client to build, implement, and maintain their road map for success.

Portfolio Advisory Services Accounts

👉 There is a wide range of investment options available via Fidelity Wealth Services, including mutual funds and ETFs, that may be customized to match an investor’s individual investment tastes and goals.

👉 In addition to tax-sensitive investment management and an income concentration, other popular options include the total return and defensive investment strategies.

Fidelity Tax-Managed US Equity Index Strategy

👉 The Tax-Managed US Equity Index Strategy Account focuses specifically on long-term growth potential present in US large-cap stocks and tax management to optimize after-tax gains.

👉 For this account type, 11,500,000 KES or an equivalent to $100,000 is the minimum investment, and the yearly adviser commission ranges anywhere from 0.20% to 0.65%, depending on the asset class and the specific investments.

Fidelity Equity-Income Strategy

👉 For long-term capital growth and dividend income, this is a separate account that is less volatile than that of the S&P 500 Index and the US stock market. An annual advisory fee of 0.30% to 0.90% is charged on this account type, depending on the amount of money invested.

Fidelity International Equity Strategy

👉 To beat the MSCI EAFE Index (Net MA Tax) throughout a market cycle, a separately managed account invests in developed-market countries outside of the United States.

👉 Annual advising fees range from 0.30% to 0.90% of total assets invested in this account, with the minimum commitment at 11,500,000 KES or an equivalent to $100,000.

👉 Non-US developed market nations and stock trading types including growth, value, and core are all included in this account’s emphasis.

Fidelity Tax-Managed International Equity Index Strategy

👉 After-tax profits will be maximized by investing in foreign developed market shares in this self-managed account. ETFs and US-traded American depositary receipts (ADRs) are two of the investment options available via this account.

👉 Annual advising fees range from 0.20% to 0.65% for the minimum investment of 11,500,000 KES or an equivalent to $100,000.

Fidelity US Large-Cap Equity Strategy

👉 This is a sort of individually managed account that aims to beat the S&P 500 Index throughout a full market cycle in terms of long-term performance. This account’s investing focus is on large-cap US companies, and it allows users to spread their money among a variety of different US equity strategies.

👉 Investing in this fund requires a minimum of 11,500,000 KES or an equivalent to $100,000, and the yearly advisory fee ranges from 30% to 90%.

Fidelity Core Bond Strategy

👉 Taxable bonds of high quality are instantly deposited in this account to generate interest income while reducing the risk to the investor’s money. Bonds with an investment grade of A or better are included in this account’s portfolio.

👉 There is a minimum investment of 40,400,000 KES or an equivalent to $350,000, and the annual advisory fee ranges from 0.35% to 0.40%.

Fidelity Intermediate Municipal Strategy

👉 As a result of this account’s independent management, tax-free interest income is provided while simultaneously striving to maintain your investment’s value as low as feasible. There is a minimum commitment of 40,400,000 KES or an equivalent to $350,000, with the yearly advisory fee varying from 0.35% to 0.40%.

Breckinridge Intermediate Municipal Strategy

👉 In this separate account, which is administered by a team of financial specialists, individual investment-grade municipal bonds make up the portfolio, which generates federally tax-free interest income.

👉 There is a minimum commitment of 40,400,000 KES or an equivalent to $350,000, and the yearly advisory fee varies from 0.35% to 0.40%.

Demo Account

👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. 

👉 There is a certain degree of risk involved when trading financial markets and Fidelity Investments offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.

Islamic Account

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

👉 Fidelity Investments does not offer this account conversion option to Muslim traders.