Fidelity Investments www.fidelity.com Reviews

401K plans are a popular means to save money for retirement and online access to a retirement plan makes investment management easier than ever before. Customers can access account information, check balances by investment, update personal information, and conduct research for better places to invest money. One of popular 401k mutual fund company is also quickly becoming a popular online brokerage service. The place I am talking about is Fidelity Investments, an investment company and online brokerage service.

Online Brokerage Commentary:

Fidelity Investments is one of the best- known names in...

We have been with E-Trade, Charles Schwab, Muriel Sebert (sp) and all have taken us for a ride with fees for nothing.  We trade outselves, we have money market accounts which should be paying moe than any bank can.

I got a Mystery Shop to contact Fidelity Investments regarding a Money Market account that is now my current premium checking account and making 3% interest.  I was talked to very nicely, very knowledgeable people who do not put you down to questions.  They have all the time you need of them.  I gave them high marks, then learned my husband has his 203B funds from 20 years at work...

Registration - C
Trading - C
Charts - D
Research Tools - A
Commissions and Fees(Pass/Fail) - Pass

Read my full review of Fidelity and other major online brokers at http://onlinebrokerreview.blogspot.com/

I opened a new account with Fidelity. On 3 successive days I tried to purchase a municipal bond. Twice, I was told the sale was done, only to be told at the end of the day it did not go through. Never heard of such a thing, especially after having been give a confirmation number for the sale, and assured that it was completed.
If you wish to purchase a bond outside of their inventory, which is limited, go elsewhere.
Account closed. 7 days to get my money back.

This is by far the most user-UNfriendly trading platform that I have used.  For every single activity that you pursue, a new window opens up; simply placing trade could result in up to 4-5 windows being opened.

BUT the biggest problem is reliability.  At least 5 times since I opened this account 6 weeks ago, the system has gone down.  The day before Goldman was to release, I waited for over 4 hours to find out if a C shortsale trade had executed.  Today (October 19, 2009), their system went down before AAPL earnings and was not available until after they reported.

Another problem is executions. ...

I love Fidelity because you can consolidate all your retirement accounts together.  It's easy and intuitive how to use the website.  There is online customer support via instant messaging so you don't have to sit on a phone waiting to talk to somebody.

The research tools are great when trying to find stats on a mutual fund or stock.  The site also has a feature called Full View.  This allows you to register all sorts of accounts (other brokerage accounts, bank accounts, credit card companies, frequent flier / hotel accounts, email, etc.) so all account balances can be centralized.  It can be...

fidelity offers many mutual funds to invest idle cash.

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