Commissions, Margin Rates, and Fees

At Fidelity, commission-free trades come with even more value.



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How do we stand apart from the rest?

  • $0 commissions for online US stock, ETF, and option trades.
  • Margin rates among the most competitive in the industry—as low as 9.25%*
  • No minimums to open an account

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Full brokerage commission and fee schedule (PDF)
ETFs Subject to Service Fee (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.


All online U.S. equity trades
Any number of shares or trades


All online options trades $0, $0.65 per contract
Buy to close orders of $0.65 or less $0


All online ETF trades $0

Bonds and CDs

New Issues $01
Secondary Issues $1.00 per bond2
U.S. Treasury: Auctions and secondary issues online $0

Mutual Funds

Fidelity funds $0
No Transaction Fee (NTF) non-Fidelity funds: $0 on purchase. $49.95 on redemption if held less than 60 days
Transaction Fee non-Fidelity funds: $49.95 per purchase.4 $0 on redemption

1. 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.

2. Minimum mark-up or mark-down of $19.95 applies if traded with a Fidelity representative. For U.S. Treasury purchases traded with a Fidelity representative, a flat charge of $19.95 per trade applies. A $250 maximum applies to all trades, reduced to a $50 maximum for bonds maturing in one year or less. Rates are for U.S. dollar–denominated bonds; additional fees and minimums apply for non-dollar bond trades. Other conditions may apply; see for details. Please note that mark-ups and mark-downs may affect 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 or mark-down the price of the security and may realize a trading profit or loss on the transaction.

3. Other concessions or commissions may apply if traded with a Fidelity representative.

4. 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

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
$1M+ Base – 3.075% 9.25%
$500,000-$999,999 Base – 2.825% 9.50%
$250,000–$499,999 Base – 0.500% 11.825%
$100,000–$249,999 Base – 0.250% 12.075%
$50,000–$99,999 Base – 0.200% 12.125%
$25,000–$49,999 Base + 0.750% 13.075%
$0–$24,999 Base + 1.250% 13.575%
Fidelity's current base margin rate, effective since July 28, 2023, is 12.325%.

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Description Fee Amount Frequency
Account services
Electronic statements $0 Per Statement
Monthly statements $0 Per Statement
Trade confirms $0 Per Confirm
Replacement statement $0 Per Statement
Replacement confirm $0 Per Confirm
Early IRA withdrawals $0 Per Withdrawal
Roth IRA conversion $0 Per Conversion
Recharacterizations $0 Per Request
SIMPLE IRA annual fee $0 Annual
IRA closeout fee $0 Per Request
Cash management services
Electronic funds transfer (EFT) $0 Per Transaction
Fidelity BillPay® $0 Per Transaction
Check copies $0 Per Request
Returned check $0 Per Returned Check
Stop payment $0 Per Request
Check ordering $0 Per Order
Overnight check delivery $0 Per Request
Cashier's check $0 Per Check
Debit card annual fee $0 Annual
Fidelity® Cash Management Account ATM fee $0 Per Transaction
Fidelity® Cash Management Account ATM bank surcharge Reimbursed Per Transaction
The Fidelity Account® ATM fee $0 Per Transaction
The Fidelity Account® ATM bank surcharge Varies Per Transaction
Bank wire (domestic) $0 Per Wire Request
Foreign exchange wire1 Up to 3% of principal Per Wire Request
Investment Specific
Real-time quotes $0 Annual
Streaming quotes4 $0 Annual
Streaming Level II quotes4 $0 Annual
Streaming news $0 Annual
Transfer of assets $0 Per Transfer
Mandatory corporate reorganization $0 Per Transaction
Voluntary corporate reorganization $0 Per Transaction
Foreign settlement fee
Note: Fee is per trade for foreign ordinary stock that is not DTC eligible.
$50 Per Trade
Stock certificate transfer and ship2 $100 Per Certificate
Transfer Limited Partnership positions $0 Per Partnership
Mutual fund annual low balance fee $0 Annual Per Fund
Foreign dividends and reorganizations3 1% of principal Per Transaction
Margin liquidation $32.95 Per Liquidation
Reg T extension $0 Per Extension

1. Charged when converting USD to wire funds in a foreign currency

2. Applies only to customers who have certificate shares reregistered and shipped; waived for households that meet certain asset and trade minimums at Fidelity (Households with $1 million or more in assets or $25,000 or more in assets +120 trades a year).

3. 1% of principal charged when a dividend is paid or a reorganization event occurs on a foreign asset held in USD

4. Professional designated quote users require an active Streaming real-time quotes subscription at the cost of $123.50 per month for access to streaming real-time U.S. equity, ETF and option quotes.

More information

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