1. Commission comparison based on published website commission schedules, as of 10/1/2015, for E*Trade, Schwab, and TD Ameritrade for online U.S. equity trades. For E*Trade: $9.99 per trade for 0 to 149 trades, $7.99 per trade for 150 to 1,499 trades, and $6.99 per trade for 1,500 or more trades per quarter. For Schwab: $8.95 for up to 999,999 shares per trade, though orders of 10,000 or more shares or greater than $500,000 may be eligible for special pricing. For TD Ameritrade: $9.99 per market or limit order trade for an unlimited amount of shares.
2. $7.95 commission applies to online U.S. equity trades in a Fidelity account with a minimum opening balance of $2,500 for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). Other conditions may apply. See the brokerage commission and fee schedule (PDF)
3. 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. Effective since December 15, 2016, Fidelity’s base margin rate is 6.825%.
4. Automated trading poses additional risks that are greater than those associated with manual trading. Use of Fidelity’s Wealth-Lab Pro® automated trading feature is subject to the Wealth-Lab Pro® Automated Trading User Agreement. Additional terms, conditions, and eligibility requirements apply.
5. Wealth-Lab Pro® offers portfolio-level backtesting with margin and money management rules.
*To compare brokers, Barron's composed a score that reflects how much of a broker's flow it sends to the best-performing market makers including Citadel Securities, UBS, Two Sigma Securities, KCG Holdings, Susquehanna International Group and Citigroup's Automated Trading Desk using a volume-weighted mean for market orders of all reported sizes for both S&P 500 and Non-S&P 500 securities. Broker scores are based on the overall execution quality of market makers for Q4 2014 routing of market orders for both NYSE and Nasdaq stocks using the market makers' effective spread to quoted spread (E/Q).
Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read . Supporting documentation for any claims, if applicable, will be furnished upon request.
There is an Options Regulatory Fee (of between $0.04 to $0.06) per contract that applies to both option buy and sell transactions. Fee is subject to change.
System availability and response times may be subject to market conditions.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.