Fidelity broker Accounts

Fidelity Account Type

Fidelity offers a variety of brokerage account types to cater to different investor needs:

Individual Brokerage Account: This standard taxable account allows you to invest in stocks, bonds, mutual funds, and ETFs without any contribution limits or withdrawal penalties.
Joint Brokerage Account: Designed for couples or business partners, this account allows multiple individuals to manage investments together.
Custodial Account: For minors, this account enables a designated adult to manage investments on behalf of the child until they reach adulthood.
Trust Account: This account is suitable for estate planning, allowing trustees to manage and distribute assets according to the grantor's wishes.
Cash Management Account: This account combines features of a traditional checking account with investment options, offering easy access to cash and competitive interest rates.
Retirement Accounts: Fidelity provides several retirement account options, including Traditional IRAs, Roth IRAs, SEP IRAs, and SIMPLE IRAs, each with specific tax advantages.

Opening a Fidelity brokerage account is a straightforward process that can be completed in a few steps:

Visit Fidelity's Website: Go to fidelity.com and click on "Open an Account."
Select Account Type: Choose the type of account you want to open (e.g., brokerage account, IRA).
Fill in Personal Information: Provide necessary details such as your name, address, social security number, and employment information.
Account Settings: Decide whether the account will be individually owned or jointly owned and set preferences for cash management.
Review and Confirm: Review all entered information and accept the terms and conditions.
Fund Your Account: Link a bank account to fund your new brokerage account via electronic transfer, check, or wire transfer.
Start Investing: Once your account is funded, you can begin trading stocks, ETFs, and other securities.