InvestorsHub Logo

ottoman

01/12/18 7:45 AM

#6306 RE: benchman #6304

Fidelity is good. I used to love them. but a few observations.

The good.

(no additional fees for extended hours trading)

same-day deposit/buying power access (as soon as you click submit for a deposit, your account is credited to buy stock that minute).

instant transfer of funds between Fidelity accounts (internal transfer)

$4.95 commission accross the board (no additional fees for stocks below $1, more than x number of shares etc.)


The Bad

They no longer allow pennystock purchases of some pinksheets (and all greysheet) stocks. The no-information penny stocks. If there is a stop sign or caveat emptor symbol on otcmarkets.com, you can't trade it anymore. It used to be great, I could buy ANYTHING.

Their maintenance requirements for shorting hard-to-borrow stocks,ETFs seems higher than some other brokerages.

overall it's better than most for what types of trading I do.







Marilynt

01/12/18 9:24 AM

#6311 RE: benchman #6304

Benchman, my BF recently had a problem getting Fidelity to wire funds to his Wells Fargo bank account from his Fidelity account. It was a nightmare although he had ample funds in his account and has had an account with them for many years.