Trading with Fidelity:
Your questions answered

There are several ways to transfer money to Fidelity from an outside account, including electronically (EFT), via bank wire or check, and through servicers like Venmo or PayPal. You can see all of your options on our deposits page.

To link a bank account to your Fidelity account, log in to Fidelity.com and go to Manage BanksLog In Required. Select the Link a New Bank Account button. You will need the routing and account numbers for your bank account to complete the setup.

The Fidelity routing number, also known as the ABA number, for electronic funds transfer (EFT) or direct deposit is 101205681. If you're setting up direct deposit, visit Determine Your Routing and Account Numbers for more information.

You can find Fidelity's incoming bank wire instructions at Information Needed to Wire to Your Fidelity Account.

You can check the status of your wire transfer from your Fidelity account. Log in and select the Activity & Orders tabLog In Required from your Portfolio Summary page, then select Pending transactions.

Information previously found in the Transfer Tracker can now be found in the Status Tracker and Saved Transfers.

Status Tracker – Monitor in-progress requests for your personal investing accounts such as account transfers, margin applications, options applications, bank setup, and more.

Saved Transfers – Continue transfer requests that you started but have not submitted.

A transfer of assets means you're transferring accounts or investments from one broker or financial firm to another. Transferring money is a transfer of cash from one account to another, like a transfer from your bank account to a Fidelity account, either electronically or via bank wire or checks.

Processing time for transfer of assets (TOA) depends on your current firm's rules and the type of accounts and investments you're transferring. Typically, TOAs take between 3–5 business days to process. General money transfers via bank wire are typically available same day, while transfers via EFT and mobile check deposit are usually credited same day but may take additional time before you can buy investments with the funds.

A general money transfer into your Fidelity account via EFT, bank wire, or mobile check deposit may be immediately available for trading. Cash available in a brokerage account you transfer to Fidelity can be used to buy investments immediately, but cash available, shares, or investments in the account can't be sold or withdrawn until the transfer process is complete. Cash transfers can be withdrawn once the money clears in your Fidelity account.

You can watch this video to learn how to place a stock and ETF trade on Fidelity.com with tips on how to choose an order type and order duration. Watch now (1:36)

If trading in the Fidelity mobile app, you'll find a similar video when placing your first trade.

The trade settlement date is important because it is the date when you actually own the stock or exchange-traded fund you've bought, or if you've sold a security, it's the date when you can expect to access the cash from the sale. Watch this video to learn more

To help avoid trading violations, it's important to understand and pay attention to settlement dates so you aren't attempting to use unavailable funds to cover a purchase. Of specific concern are day trading violations where you attempt to buy and sell in the same day, before a trade is settled.

Learn more about avoiding cash account trading violations and margin requirements for day traders.

To find information on trade violations, log in to your account, go to the Balances page and at the bottom, view Trade Restrictions & Violations. You'll not only have easy access to information on trade violations, but also commission and price improvements, and account agreements.

If you have a security, sell it for a loss, and then replace it with the same or a "substantially identical" security 30 days before or after the sale, that's called a wash sale. Watch this video to learn more about wash sales (1:40)

Day trading is defined as buying and selling the same security—or executing a short sale and then buying the same security— during the same business day in a margin account. Pattern day traders, as defined by FINRA (Financial Industry Regulatory Authority) rules must adhere to specific guidelines for minimum equity and meeting day trade margin calls.

For more information, see Day trading under Trading Restrictions.

A pattern day trader is anyone who meets the following criteria:

• Any margin customer who executes 4 or more day trades in a 5-business-day period.
• The number of day trades must comprise more than 6% of total trading activity for that same 5-day period.
• Any margin customer who incurs 2 unmet day trade calls within a 90-day period. You can check your classification at the bottom of your Balances page: Go to your Trading Profile and select the Trade Restrictions & Violations link.

Watch this video to learn more about pattern day trading (1:28)

Yes, there are generally no restrictions on which stocks you can purchase as fractional shares. Learn more about fractional shares.

If eDeliveryLog In Required is enabled prior to the record date, you’ll receive an email with a link where you can vote. Once eDelivery has been completed, you can view the campaign at our proxy pageLog In Required.

If US Mail is selected as your delivery preference, you'll receive your notification and proxy materials by regular mail, but you won't be able to view the campaign on our website until delivery for all security holders has been completed.

Please note: The corporation you're invested in (also known as the issuer) can choose to send proxy communications exclusively via US mail, regardless of individual client preferences at any given brokerage firm.

You'll be able to vote when you see the campaign posted on our proxy pageLog In Required or by mail once you've received your materials.

These campaigns are record-date driven, meaning you had to have purchased and settled the securities in your account as of the issuer's cutoff date in order to be eligible.

If you bought and settled the shares outside of Fidelity by the record date but didn't transfer them here until later, your former broker should contact you with information about how to vote.

If you have two or more accounts that hold the same security, you'll see one line item for each account. If your shares for each account were settled and/or held at Fidelity by the record date in cash (or in margin with no debit balance), then your vote represents all of your eligible shares for that account.

When you hold shares in any given brokerage account, your broker is responsible for providing the method by which you can participate in a campaign. The control number we issue is intended for use solely on the independent Fidelity-affiliated website we link to from the email notification or on the proxy pageLog In Required.

To apply for options, complete an options applicationLog In Required. Your investment objective, risk tolerance, investing experience, and income will be considered to determine what options strategies/level you will be able to use when trading. Learn more

A margin account lets you leverage securities you already own as collateral for a loan to buy additional securities.

Here’s an example: Suppose you use $5,000 in cash and borrow $5,000 on margin to buy a total of $10,000 in stock. If the stock rises in value to $11,000 and you sell it, you would pay back the $5,000 borrowed on margin and realize a profit of $1,000. That’s a 20% return on your $5,000 investment.

If you didn’t use a margin loan, you would have paid $10,000 in cash for the stock. Not only would you have tied up an additional $5,000, but you would have realized only a 10% return on your investment. The 10% difference in the return is the result of leveraging your assets.

However, leverage works as dramatically when stock prices fall as when they rise. For example, let’s say you use $5,000 in cash and borrow $5,000 on margin to purchase a total of $10,000 in stock. Suppose the market value of the stock you’ve purchased for $10,000 drops to $9,000. Your equity would fall to $4,000, which is the market value minus the loan balance of $5,000. In this instance, you could suffer a loss of 20% due to a 10% decrease in market value.

When ready to start trading on margin, it's important to understand how to read your margin balances. View a video to learn more (1:15)

To add margin to your account, you must first have an eligible Fidelity brokerage account. Then, you submit an applicationLog In Required to trade on margin. Want to learn more? Start here

Our Universal TrackerLog In Required makes it easy to monitor the status of your application. You can also check on the status of your application on the Activity & Orders tabLog In Required in your account.

Yes, orders in the premarket session can be entered and executed between 7:00 a.m. and 9:28 a.m. ET, and orders in the after-hours session can be entered and executed between 4:00 p.m. and 8:00 p.m. ET. However, your order may be executed in whole or in part, or you may not receive as favorable a price as when the market is open because of the lack of liquidity in extended-hours trading.

We make using extended-hour trading easy as this privilege is automatically granted as part of the account opening agreement at Fidelity.