Fidelity Review: Low-cost index funds and long-term investing
One of the big household-name brokers for long-term investors, with a strong lineup of index funds, retirement accounts, and planning tools.
We do not have an affiliate relationship with Fidelity as of this review. These links do not generate commissions for us.
Visit Fidelity.com →Who Fidelity is best for
- US-based long-term investors who want low-cost index funds and broad market exposure.
- People using IRAs, 401(k) rollovers, or other retirement accounts as core savings vehicles.
- Investors who value research tools, screeners, and planning calculators from a big-brand broker.
- Households that prefer having banking, cash management, and investing under one umbrella.
Who might prefer another broker
- Non-US investors who need multi-currency accounts and broad global market access.
- Beginners who only want a minimal app interface with a handful of ETFs and auto-invest.
- Very active traders who prioritise advanced order routing, pro-style margin tools, or niche products.
For a more automation-focused app, compare M1 Finance. For wider global markets and institutional-style platforms, see Interactive Brokers, or view all broker picks.
Pros
- Broad range of low-cost index mutual funds and ETFs that can anchor a long-term portfolio.
- Strong retirement account options (IRAs, workplace plans, rollovers) and planning tools.
- Extensive research, screeners, and educational content for self-directed investors.
- Commission-free trading on many US stocks and ETFs (check current policies).
- Backed by a large, established US broker with a long operating history.
Cons
- Web and app platforms can feel busy if you only need a very simple index portfolio.
- So many fund choices can create analysis paralysis for new investors.
- Some fees and features depend on specific account types and asset choices.
- Primarily focused on US investors; international access and eligibility vary by country.
Key features and costs
| Area | Overview (check Fidelity for current terms) |
|---|---|
| Index funds and ETFs | Wide lineup of low-cost index mutual funds and ETFs, including zero-expense-ratio options in some cases. Many can serve as core building blocks for long-term portfolios. |
| Accounts | Taxable brokerage accounts, IRAs, Roth IRAs, and other retirement accounts. Workplace retirement plan services and rollovers are also common for US investors. |
| Trading costs | Many stock and ETF trades are commission-free; mutual funds and other products may have different fee structures. Regulatory and fund-level expenses still apply. |
| Tools and research | Screeners, research reports, retirement calculators, and educational content aimed at long-term investors who want more planning support. |
| Other fees | Some account types, fund choices, or premium services can have additional fees or minimums. Always review the fee schedule that applies to your specific account. |
Exact pricing, available funds, and account types change over time. Always confirm current details on Fidelity’s official site before opening, moving, or closing accounts.
Fidelity vs alternatives
vs M1 Finance: Fidelity offers more account types, products, and in-depth planning tools. M1 leans toward automated pies and a simpler, long-term ETF portfolio for US investors.
vs Webull: Fidelity is oriented around investing and retirement, with more research and planning features. Webull focuses more on active trading via a mobile-first interface.
vs Interactive Brokers: Fidelity is more consumer-focused and US-retirement centric. IBKR pushes further into global markets, multi-currency accounts, and professional-grade trading platforms.
If you are still comparing options, you can see other choices in the broker picks hub.
Bottom line
Fidelity is a solid, big-name broker for long-term investors who want low-cost index funds, retirement accounts, and a broad platform. It may feel heavier than app-first solutions if you only need a minimal set of ETFs, but it offers depth for people who want more options and planning tools.
Visit Fidelity.com →We do not have an affiliate relationship with Fidelity as of this review. These links do not generate commissions for us.
Want to compare other options first? See our broker picks, including both affiliate and non-affiliate recommendations. Educational content only; not personal advice.
QuantRoutine provides educational content only. Nothing on this page is an offer, solicitation, or recommendation to buy or sell any security or to open an account with any specific broker. Investments can lose value, and past performance does not guarantee future results. You are responsible for your own investment, tax, and legal decisions.