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Fidelity Capital broker Accounts

Fidelity Account Types

Fidelity offers a diverse range of investment accounts tailored to meet specific financial goals and investment needs. The main types of accounts include:

  • Individual Retirement Accounts (IRAs):
    • Traditional IRA: Allows tax-deductible contributions and tax-deferred growth until withdrawal, typically after age 59½.
    • Roth IRA: Contributions are made with after-tax dollars, allowing for tax-free growth and withdrawals in retirement, provided certain conditions are met.
    • Brokerage Accounts:
      • A versatile account for buying and selling a wide range of investments, including stocks, bonds, mutual funds, and ETFs, with no contribution limits and no early withdrawal penalties.
      • Health Savings Accounts (HSAs):
        • Designed for individuals with high-deductible health plans to save for qualified medical expenses with tax advantages.
        • 529 College Savings Plans:
          • Tax-advantaged accounts for saving for education expenses, allowing contributions to grow tax-free when used for qualified expenses.
          • Cash Management Accounts:
            • A hybrid account that combines features of a checking account with investment options, offering competitive interest rates and easy access to funds.
            • Trust Accounts:
              • Legal entities that hold assets for the benefit of specific individuals, managed by a trustee.
              • Custodial Accounts (UGMA/UTMA):
                • Accounts designed to help adults save for minors, with control over investment decisions until the minor reaches adulthood.

                Fidelity Broker Account Opening Process

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

                • Determine Your Account Type:
                  • Decide whether you want a cash account (buy investments with available cash) or a margin account (borrow money to buy securities).
                  • Fill Out the Application:
                    • Provide personal details such as your Social Security number, residential address, employment information, and investment profile. The application process usually takes only a few minutes online.
                    • Fund Your Account:
                      • Link your brokerage account to a bank account and transfer money. Fidelity requires a minimum investment to start trading, but you can also invest in fractional shares.
                      • Invest Using Your Funds:
                        • Once your account is funded, you can begin investing in various financial products. Consider setting up recurring investments to employ a dollar-cost averaging strategy.
                        • Monitor Your Investments:
                          • Regularly check your portfolio to ensure it aligns with your financial goals and make adjustments as needed.

                          For more detailed information, you can visit Fidelity's account opening page.

Fidelity Capital accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
Fidelity Capital Account