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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

Full brokerage commission and fee schedule (PDF)

Download and print full details of our commissions and fees, including our low rates for online trades and our rates for automated telephone service (FAST®) or representative-assisted trades.

Stocks
All online U.S. equity trades
Any number of shares or trades
$7.95 per trade
Options

All online options trades

Buy to close orders of $0.65 to $0.11
Buy to close orders of $0.10 or less NEW
$7.95 per trade, plus
$0.75 per contract
$7.95 flat
Free
ETFs
Purchase 70 iShares® ETFs online Free
Purchase 11 Fidelity sector ETFs online Free
Purchase 3 Fidelity active fixed income ETFs Free
All other ETFs $7.95 per trade
Bonds and CDs
New Issues Free2
Secondary Issues $1.00 per bond3
U.S. Treasury Auctions online Free
U.S. Treasury Auctions representative assisted Flat fee of $19.95
Mutual Funds*
Fidelity funds Free
No Transaction Fee (NTF) non-Fidelity funds: Free on purchase. $49.95 on redemption if held less than 60 days
Transaction Fee non-Fidelity funds: $49.95 per purchase**. Free on redemption

*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%
$100,000–$499,999 Base 6.575%
$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%

Learn more about margin borrowing at Fidelity.

Questions?

More information

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 (from $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.

$7.95 trading commission applies to online purchases of U.S. equities in a Fidelity brokerage 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 (of between $0.01 to $0.03 per $1000 of principal) by Fidelity. Other conditions may apply. See Fidelity.com/commissions for details.
1. Commission comparison based upon published website commission schedules, as of 2/1/2013, for E*Trade, Schwab, and TD Ameritrade for online U.S. equity trades and less than 1500 trades per quarter. For E*Trade: $9.99 per trade for 0-149, $7.99 per trade for 150 to 1,499 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. Fidelity makes certain new issue products available without a separate transaction fee. Fidelity may receive compensation from issuers for participating in the offering as a selling group member and/or underwriter. For representative assisted treasury auction orders, a $19.95 transaction fee applies.
3. Minimum concessions apply: Online $8; if traded with a Fidelity representative, $19.95. For U.S. Treasuries traded with a Fidelity representative, $19.95 per trade. Fixed income trading requires a Fidelity brokerage account with a minimum opening balance of $2,500. Rates are for U.S. Dollar denominated bonds, additional fees and minimums apply for non-Dollar bond trades. Other conditions may apply. See Fidelity.com/commissions for details. Please note that concessions may impact the total cost of the transaction and the total, or "effective," yield of your investment. The offering broker, which may be our affiliate National Financial Services LLC, may separately mark up on mark down the price of the security and may realize a trading profit or loss on the transaction.

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.

There is an Options Regulatory Fee of $0.0355 per contract that applies to both option buy and sell transactions as well as an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal) on sell transactions. Fees are subject to change.

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.

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.
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