Yes, Fidelity charges fees for certain services and products. Here are the key fees to consider:
- Trading Fees: Fidelity charges a $0 service fee for buying and selling stocks, ETFs, and options. However, it may charge other fees, such as regulatory and government fees, which are passed on to customers.
- Account Fees: Fidelity may charge account maintenance fees, inactivity fees, or annual fees, although these are typically waived for customers who engage in trading activities.
- Mutual Fund Fees: Fidelity charges mutual fund fees, including expense ratios and transaction fees, for customers who invest in mutual funds not on the platform's no-fee list.
- Other Fees: Fidelity may also charge fees for services such as mutual fund redemptions, account transfers, and wire transfers.
It's important to note that Fidelity offers a wide range of free services and products, including commission-free trading for stocks and ETFs, and it does not charge inactivity or non-trading fees for basic use. However, investors should carefully review the fee schedule and understand the costs associated with using Fidelity's services.