Fidelity Investments Account Type

Fidelity Investments offers a variety of brokerage accounts tailored to meet the needs of different investors. The primary types of accounts include:

• Standard Brokerage Accounts: These accounts allow investors to buy and sell a wide range of securities, including stocks, bonds, ETFs, and mutual funds, with no minimum deposit requirement and $0 commissions on trades.
• Retirement Accounts: Fidelity provides options such as Traditional IRAs, Roth IRAs, and SEP IRAs, which offer tax advantages for retirement savings.
• Cash Management Accounts: These accounts offer features like debit cards and checks, allowing easy access to cash while maintaining the ability to invest.
• Managed Accounts: Fidelity also offers managed brokerage accounts where investors can receive personalized investment advice and portfolio management services.

Fidelity Broker Account Opening Process

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

• Choose Account Type: Decide whether you want an individual or joint account and select the account type that suits your needs (e.g., standard brokerage, retirement, or managed account).
• Complete the Application: Fill out a brief online form with your personal information, including your name, Social Security number, birthdate, phone number, and address.
• Agree to Terms: Review and accept the terms and conditions provided during the application process.
• Verification: You may need to provide a government-issued ID, such as a drivers license or passport, for identity verification.
• Fund Your Account: Once your account is open, you can fund it through various methods, including bank transfers, checks, or electronic transfers. There is no minimum deposit for standard brokerage accounts, making it accessible for all investors.

By following these steps, you can quickly set up your Fidelity brokerage account and begin your investment journey.