Trading Commissions and Margin Rates
Whether you trade stocks, options, bonds, or CDs, you'll receive competitive online commission rates—lower than Schwab, TD Ameritrade, and E*Trade.1
Online Commissions, Fees, and Concessions
|All online U.S. equity trades
Any number of shares or trades
|$7.95 per trade|
|All online options trades||$7.95 per trade, plus
$0.75 per contract
|Purchase 70 iShares® ETFs online||Free|
|Purchase 10 Fidelity sector ETFs online||Free|
|Purchase 3 Fidelity active fixed income ETFs||Free|
|All other ETFs||$7.95 per trade|
|U.S. Treasury Auctions, incl. TIPS Auctions||Free|
|U.S. Treasury Bills, Notes, Bonds, incl. TIPS||Free|
|GSE (Agency Securities), secondary CDs||$1.00 per bond|
|Municipals||$1.00 per bond|
|Corporates (BBB– or higher), CATS/TIGRS||$1.00 per bond|
|Corporates (BB+ or lower)||$1.00 per bond|
|Primary market CDs||Free|
|Secondary market CDs||$1.00 per bond|
|Fidelity and non-Fidelity funds||Free|
|Most FundsNetwork Transaction Fee funds||$49.95 flat fee**|
|*Other concessions or commissions may apply if traded with a Fidelity representative.
**Certain funds will have a transaction fee of $75. To identify any applicable transaction fees associated with the purchase of a given fund, please refer to the "Fees and Distributions" tab on the individual fund page on Fidelity.com
The margin rate you pay depends on your outstanding margin balance—the higher your balance, the lower the margin rate you are charged.
|Debit balance||Margin rate||Effective rate|
|$500,000+||Base – 2.825%||3.750%|
|$50,000–$99,999||Base + 0.50%||7.075%|
|$25,000–$49,999||Base + 1.00%||7.575%|
|$10,000–$24,999||Base + 1.50%||8.075%|
|$0–$9,999||Base + 2.00%||8.575%|
Fidelity's current base margin rate, effective since 01/12/09, is 6.575%.
Free commission offer applies to online purchases of Fidelity ETFs and select iShares ETFs in a Fidelity brokerage account. Fidelity accounts may require minimum balances. The sale of ETFs is subject to an activity assessment fee (of between $0.01 to $0.03 per $1,000 of principal). iShares ETFs and Fidelity ETFs are subject to a short-term trading fee by Fidelity if held less than 30 days.
ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.
For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive, long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain FBS platforms and investment programs. Additional information about the sources, amounts, and terms of compensation is described in the ETF’s prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. BlackRock and iShares are registered trademarks of BlackRock, Inc. and its affiliates.
Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Prior to trading options, please read Characteristics and Risks of Standardized Options, and call 800-343-3548 to be approved for options trading. Supporting documentation for any claims, if applicable, will be furnished upon request.
Margin trading entails greater risk, including but not limited to risk of loss and incurrence of margin interest debt, and is not suitable for all investors. Please assess your financial circumstances and risk tolerance prior to trading on margin. Margin credit is extended by National Financial Services, Member NYSE, SIPC.
System availability and response times may be subject to market conditions.