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Free ETF Trading (Fidelity)

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  • Free ETF Trading (Fidelity)

    I went to the Fidelity website this morning and noticed that starting today they are offering free trading on 25 iShares ETFs. This is a great news for the people who don't have a large sum of money to invest because they can get diversification by buying different ETFs commission-free. ETFs have a couple big advantages over mutual funds:

    1. No minimum amount to invest. You can buy a single share of an ETF and pay $0 commission.
    2. You can sell ETF any time with no commission, unlike no transaction fee mutual funds where you often have to pay a fee if you sell within a certain period.

    In addition Fidelity lowered their commission to $7.95 on all other trades, which is a pretty good price.

    More Info Here

  • #2
    Yes, this was a great response to Schwab's free ETF trades on their ETF's and reduced commissions. I wish Ameritrade would jump in the fray.

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    • #3
      We already have my kids 529 plan and wife IRA through Fidelity. I'm thinking of switching to them from TD Ameritrade personally......I was shock when i saw that too
      Got debt?
      www.mo-moneyman.com

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      • #4
        Can somebody tell me how much Fidelity charges for mutual fund purchases? Thanks.
        seek knowledge, not answers
        personal finance

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        • #5
          Fidelity charges no fees on all of their funds and thousands of no transaction fee funds. It is $75 if you want to purchase a mutual fund that isn't on the NTF list, however you can pretty much get anything you want on that list.

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          • #6
            Can you tell me what this means for a stock/trading noob.

            I would like to do some trading once in awhile to try to diversify my portfolio however I have no idea how this works.

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