
Fidelity Review
Fidelity Investments is a US-based brokerage that offers commission-free trading on online stock, ETF trades, and options to traders from around the world, including those from Nigeria and other African countries. Fidelity is currently not regulated by the CBN.

- Louis Schoeman
Jump to:

Regulation and Safety of Funds

Account Types and Features

Account Registration

Range of Markets

Fees

Deposits and Withdrawals

Education and Research

Affiliate Program

Final Verdict

Pros and Cons

FAQ
Min Deposit
$0 / 0 NGN
Regulators
SEC, FINRA
Trading Desk
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Fidelity at a glance:
🏛️ Headquartered | United States |
🏛️ Nigerian Based Office | No |
👍 Accepts Nigerian Traders? | No |
📅 Year Founded | 1946 |
📱 Nigerian Office Contact Number | None |
⚖️ Regulation | FINRA, SEC |
🔎 License Number | 3637 (CRD), 8-14050 (SEC) |
⚖️ CBN Regulation | No |
✴️ Regional Restrictions | – |
☪️ Islamic Account | No |
📈 Demo Account | Yes |
📈 Retail Investor Accounts | 15 |
📊 PAMM Accounts | Yes |
📊 Liquidity Providers | None indicated |
💵 Affiliate Program | Yes |
📊 Crypto trading offered? | No |
🚀 Offers a Nigerian Account? | No |
💻 Dedicated Nigerian Account Manager? | No |
📈 Maximum Leverage | 1:1 |
📈 Leverage Restrictions for Nigeria? | No |
💳 Minimum Deposit (₦) | 400 Nigerian Naira equivalent to $1 |
💳 Nigerian Naira Deposits Allowed? | No, only USD |
💰 Active Nigerian Trader Stats | 1.3 million |
💰 Nigeria Daily Forex Turnover | $1.25 million+ |
💳 Deposit and Withdrawal Options | Credit Card Debit Card Bank Wire Transfer |
💰 Segregated Accounts with Nigerian Banks? | No |
💻 Trading Platforms | Active Trader Pro, Fidelity Mobile |
💰 Tradable Assets | Shares Commodities Exchange-Traded Funds (ETFs) Mutual Funds Investment Funds Options Futures Bonds Annuities Fractional Shares CDs Fixed Income IRAs and Retirement Initial Public Offerings (IPOs) |
🌐 Offers USD/NGN currency pair? | No |
🌐 USD/NGN Average Spread | N/A |
📈 Offers Nigerian Stocks and CFDs | No |
👨💼 Languages supported on Website | English |
👥 Customer Support Languages | Multilingual |
👥 Customer Service Hours | 24/7 |
👥 Nigerian-based customer support? | No |
💰 Bonuses and Promotions for Nigerians | None |
✴️Education for Nigerian beginners | Yes |
📊 Proprietary trading software | Yes |
💰 Most Successful Nigerian Trader | Uche Paragon ($20 million net worth) |
✔️Is CM Trading a safe broker for Nigerians? | Yes |
✔️Rating for CM Trading Nigeria | 8/10 |
✔️Trust score for CM Trading Nigeria | 95% |
👉 Open an account | 👉 Open Account |
Fidelity Review – 16 key points quick overview:
Fidelity Investments Nigeria Overview
Regulation and Safety of Funds
Account Types and Features
- Account Registration
- Fidelity Investments Vs AvaTrade Vs Exness – Broker Comparison
- Trading Platforms
- Range of Markets
- Fidelity VS AvaTrade Vs Exness – Broker Comparison for Range of Markets
- Trading and Non-Trading Fees
- Deposits and Withdrawals
- Process to Withdraw Funds from a Fidelity Investments Account
- Education and Research
- Fidelity Investments Affiliate Program
- Verdict on Fidelity Investments
- Fidelity Pros and Cons
- Frequently Asked Questions
Fidelity Investments Nigeria Overview
Nigerian traders and investors can invest in mutual funds, bonds, IPOs, metals, and certificates of deposit with them and take advantage of their innovative smart trading technology and low transaction fees, without worrying about restrictions from the Central Bank of Nigeria (CBN).
Fidelity Investments, which was founded in 1946, is known for continually offering investors with cheap rates and excellent customer service. In addition, they provide a wide variety of effective trading tools and instructional materials, as well as independent expert research.
If Nigerian traders have a brokerage account with Fidelity Investments, they have the option of managing their own investments or requesting that they do it via their investment advising services. To meet a variety of monetary objectives, a variety of account kinds are available, each aimed at different advanced traders and institutional investors.
This Fidelity Investments review will provide traders with the details that they need to consider whether the broker is suited towards their unique trading objectives and needs.
Distribution of Traders
Fidelity Investment’s distribution of traders is as follows:
️ United States – 97.97%
️ India – 0.34%
️ Canada – 0.28%
️ United Kingdom – 0.12%
️ Germany – 0.08%
Popularity among traders who choose Fidelity Investments
Fidelity Investments is one of the most prominent brokerages in the world and more than 20% of traders globally choose this firm, making it part of the Top 3.
Regulation and Safety of Funds
In the United States, Fidelity Investments is regulated by the Securities and Exchange Commission (SEC), is a member of the Financial Industry Regulatory Authority (FINRA) and is subject to U.S. securities laws. In addition, Fidelity Investments is also listed on New York Stock Exchange, as well (NYSE).
Security and privacy are top priorities for Fidelity Investments. It is their responsibility to protect your portfolio by using innovative technology and industry-leading security standards. When an illegal transaction occurs in a Fidelity Investments customer’s account, the Customer Protection Guarantee will compensate the client.
The Federal Deposit Insurance Corporation (FDIC), for example, and the Securities Investor Protection Corporation (SIPC) is also engaging in these initiatives to ensure that customers get the best possible service.
In addition, Fidelity Investments also uses the following security features:
️ The use of two-factor authentication across all supported platforms.
️ The use of two-factor authentication when higher-risk transactions, including bank wire transfer, is carried out.
️ The mobile trading app requires biometric recognition for login.
️ There are security questions employed when clients log in from unknown browsers.
️ Uninvested cash at Fidelity Investments is insured up to $1.9 million under the Securities Investor Protection Corporation (SIPC). To Fidelity Investments’ knowledge, this is the highest level of additional SIPC protection presently offered in the brokerage sector.
️ Fidelity Investments’ Customer Protection Guarantee shields clients against damages resulting from illegal access to the accounts, even if the client was not involved with the unlawful use.
Account Types and Features
A wide range of self-directed and managed accounts from Fidelity Investments are available to meet the needs of investors with varying objectives and risk tolerances. Fidelity Investments accounts feature no fees and no minimum deposit requirements compared to certain other online brokers.
Clients may choose from a variety of service tiers based on the amount of money they trade. To be considered an active trader, you must make at least 120 deals each year and have access to a slew of perks. VIP status is provided to active traders who make at least 500 transactions a year. These traders get the highest degree of service available to high-net-worth people.
In addition to these accounts, Fidelity Investments also provides Retirement Accounts, Wealth Management Solutions, Options Trading, College Savings Plans, Retirement Plans, and several other solutions to suit the financial objectives and restrictions of investors and their unique tax situation.
The retail investor accounts, and international trading account options offered by Fidelity Investments include:
️ Brokerage Account
️ Cash Management Account
️ Brokerage and Cash Management
️ The Fidelity Account for Businesses
️ Fidelity Go
️ Fidelity Personalized Planning and Advice
️ Portfolio Advisory Services Accounts
️ Fidelity Tax-Managed US Equity Index Strategy
️ Fidelity Equity-Income Strategy
️ Fidelity International Equity Strategy
️ Fidelity Tax-Managed International Equity Index Strategy
️ Fidelity US Large-Cap Equity Strategy
️ Fidelity Core Bond Strategy
️ Fidelity Intermediate Municipal Strategy
️ Breckinridge Intermediate Municipal Strategy
Live Trading Accounts
Brokerage Account
This account is a full-service and full-featured broker account that exempts traders from fees and minimum deposits. With this account, traders have access to US individual stocks, ETFs, and options that can be traded online at competitive trading conditions and with no commissions.
In addition, investors who use this account will also be granted access to mutual funds, bonds, CDs, IPOs, and several other tradable instruments. Fidelity Investments offers traders the use of a wide range of advanced tools and research, helping them make informed investment decisions.
There is no annual account fee on this account and the margin rates that investors can expect start from 4%.
Cash Management Account
An alternative to typical checking accounts, the Fidelity Cash Management Account is a practical option for those who want Federal Deposit Insurance Corporation (FDIC) protection. When it comes to checking accounts, this one is an easy decision for those who do not want to deal with the hassle of an intermediary such as an investment or commercial bank.
Brokerage and Cash Management
A combination between the Fidelity Account and the Cash Management Account offers traders a wide range of benefits. Traders can enjoy the full-featured, low-cost brokerage account in addition to the cash management account, with any ATM fees reimbursed and all deposits made into this account eligible for cover from the FDIC.
The Fidelity Account for Businesses
With the Fidelity Business Accounts, institutional investors have access to a wide range of trading, mutual fund, and cash management tools to better manage the finances of their business. In addition, legal or professional organizations and groups are eligible for this account.
All the financial requirements of institutional and professional traders can be met with this low-cost brokerage account’s extensive trading, mutual fund, and cash management capabilities.
The account features of the Fidelity Account for Businesses include:
️ Zero annual account fees.
️ No trading fees for most Fidelity Mutual Funds
️ Zero commissions on US stock trades
️ A wide range of investment and trading options including over 3,700 no-load Fidelity Mutual Funds and those from other companies, 28 ETFs from Fidelity and 329 from iShares, with 146 from other industry leaders.
️ Access experienced and helpful representatives.
️ Free research from over 20 providers.
️ Access to an advanced trading platform and tools for active traders.
️ A choice between different deposit methods and the option to transfer funds from the trader’s bank or broker, direct deposit, cheques, and so on.
️ Any uninvested cash in the account will be held in a core position, with traders able to choose between Fidelity Government Money Market Fund (SPAXX) or Fidelity Treasury Fund (FZFXX).
Fidelity Go
Fidelity Go is a Robo advisor that is designed for use by traders and investors who want simple, cost-effective yet professional money management solutions. Investors opting for this need to answer a few questions, allowing Fidelity Investments to provide them with a mix of investments that accommodate the investor’s risk tolerance, the time horizon for their investment, and overall goals.
For investment sizes of $10,000 and below there are no advisory fees. However, for balances between $10,000 up to $49,000, there is a $3 fee per month. Investment amounts of $50,000 and higher have a 0.35% fee charged yearly.
Fidelity Personalized Planning and Advice
Investors who desire digital investment management with 1-on-1 coaching from a team of advisers and access to a range of financial issues may take advantage of Fidelity Investment’s digital guidance solution.
Fidelity Investments will work with every investor to create, execute, and manage their road map for success once they have completed a few answers to a few questions online to receive a free, no-obligation investment proposal.
Portfolio Advisory Services Accounts
Diversified managed portfolios including mutual funds and exchange-traded products are available via Fidelity Wealth Services and can be tailored to meet an investor’s specific investing preferences, objectives, or requirements.
Tax-sensitive investment management, as well as total return, a defensive investment strategy, and an emphasis on income, are a few of the preferred solutions.
Fidelity Tax-Managed US Equity Index Strategy
To maximize after-tax returns, this account focuses on long-term growth potential in US large-cap equities and tax management. The minimum investment on this account type is $100,000 and there is an annual advisory fee of between 0.20% and 0.65%, depending on the asset class and instruments that are invested.
Fidelity Equity-Income Strategy
This is a separately managed account that aims toward long-term capital growth and dividend income more than the S&P 500 Index while experiencing less volatility than the US stock market. The minimum investment on this account type is $100,000 and there is an annual advisory fee of between 0.30% and 0.90%, depending on the total assets that are invested.
Fidelity International Equity Strategy
A separately managed account that invests in developed-market nations outside the United States to outperform the MSCI EAFE Index (Net MA Tax) throughout a market cycle.
The minimum investment amount on this account is $100,000 and there is an annual advisory fee of between 0.30% and 0.90% according to the total amount of assets invested.
This account focuses on diversifying the portfolio of an investor across non-US developed market countries as well as equity trades and styles such as growth, value, and core.
Fidelity Tax-Managed International Equity Index Strategy
This independently managed account intends to maximize after-tax returns by pursuing the long-term potential of foreign developed market equities. The types of investment included in this account are US-traded American depositary receipts (ADRs) as well as ETFs.
The minimum investment amount is $100,000 and there is an applicable annual advisory fee of between 0.20% and 0.65%.
Fidelity US Large-Cap Equity Strategy
This account type is a separately managed account that pursues long-term performance to outperform the S&P 500 Index over a complete market cycle. The type of investment included in this account is US large-cap stocks and the account helps investors diversify their portfolio across several US equity styles.
The minimum investment amount is $100,000 and investors can expect an annual advisory fee of between 30% and 90%.
Fidelity Core Bond Strategy
Investment-grade taxable bonds are immediately placed in this account to earn interest income while minimizing the danger to the money that the investor has deposited. The investments in this account include A- or higher investment-grade taxable bonds.
The minimum investment amount is $350,000 and the annual advisory fee ranges from 0.35% to 0.40%.
Fidelity Intermediate Municipal Strategy
Investing directly in a portfolio of investment-grade municipal bonds via this independently managed account provides tax-free interest income while also attempting to keep the value of your investment as low as possible. The minimum investment amount is $350,000 and the annual advisory fee ranges from 0.35% to 0.40%.
Breckinridge Intermediate Municipal Strategy
Individual investment-grade municipal bonds make up this separately managed account, which is overseen by a team of financial experts that invest your money with an eye on protecting your principle while also generating federally tax-free interest income.
The minimum investment amount is $350,000 and the annual advisory fee ranges from 0.35% to 0.40%.
Demo Account
A paper trading account, or demo account, is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
There is a certain degree of risk involved when trading financial markets and Fidelity Investments offers its clients a risk-free platform where they can test a range of complex options strategies, investment strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
Min Deposit
$0 / 0 NGN
Regulators
SEC, FINRA
Trading Desk
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Account Registration

The account registration can be done on the official website of Fidelity Investments. Investors must provide personal, financial, and employment information. In addition, investors may be subject to questionnaires to improve the user experience and suggestions they receive.
Before an account is approved, investors must upload their proof of identity and proof of residence. Once verified, the account will be approved, and investors can start exploring their options.
Fidelity Investments Vs AvaTrade Vs Exness – Broker Comparison
Fidelity Investments | AvaTrade | Exness | |
⚖️ Regulation | FINRA, SEC | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
📱 Trading Platform | Active Trader Pro Fidelity Mobile | AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade | MetaTrader 4 MetaTrader 5 |
💰 Withdrawal Fee | No | No | No |
📊 Demo Account | Yes | Yes | Yes |
📈 Minimum Deposit | 400 NGN | 41,500 NGN | 4,100 NGN |
📈 Leverage | 1:1 | 1:400 | Unlimited |
📊 Spread | None | Fixed, from 0.9 pips | Variable, from 0.0 pips |
💰 Commissions | $0 to $0.03 | None | From $0.1 per side, per lot |
✴️ Margin Call/Stop-Out | None | 25%/10% | 60%/0% |
✴️ Order Execution | None | Instant | Market |
💳 No-Deposit Bonus | No | No | No |
📊 Cent Accounts | No | No | Yes |
📈 Account Types | Brokerage Account Cash Management Account Brokerage and Cash Management The Fidelity Account for Businesses Fidelity Go, and several others | Standard Live Account Professional Account Option | Standard Account Standard Cent Account Raw Spread Account Zero Account Pro Account |
⚖️ CBN Regulation | No | No | No |
💳 NGN Deposits | No | No | Yes |
📊 Nigerian Naira Account | No | No | No |
👥 Customer Service Hours | 24/7 | 24/5 | 24/7 |
📊 Retail Investor Accounts | 15 | 1 | 5 |
☪️ Islamic Account | No | Yes | Yes |
Trading Platforms
Fidelity Investments offers the following online trading platforms:
️ Active Trader Pro
️ Fidelity Mobile Trading Platform
Fidelity Investments’ sophisticated trading platform, Active Trader Pro, comes equipped with several features that may assist traders in making well-informed choices. Many useful tools are available, such as the all-in-one Daily Dashboard and thematic stock screener.
Some of the features on this trading platform include:
️ Real-time market updates
️ Full customizability
️ The ability to place and manage orders with advanced order types
️ The ability to view real-time insights to help with technical analysis
️ Powerful trading tools
️ Market insights
️ Free research provided by over 20 independent providers
️ Portfolio management tools
Nigerian traders on the move can utilize the mobile platform to view and manage their account information. In the palm of any Nigerian trader’s hand, they can access all their portfolios and watch lists, as well as to conduct research, and trade numerous assets.
Subsequently, Nigerians can keep up with the different financial markets from anywhere in the globe with an internet connection, thanks to features like news, videos, real-time quotations, and sophisticated charting. The mobile platform may be downloaded on devices running Android or iOS.
Range of Markets
Fidelity Investments offers a wide range of financial instruments to Nigerian traders and investors including:
️ Shares
️ Commodities
️ Exchange-Traded Funds (ETFs)
️ Mutual Funds
️ Investment Funds
️ Options Trades
️ Bonds
️ Annuities
️ Fractional Shares
️ CDs
️ Fixed Income
️ IRAs and Retirement
️ Initial Public Offerings (IPOs)
Fidelity VS AvaTrade Vs Exness – Broker Comparison for Range of Markets
Fidelity | AvaTrade | Exness | |
➡️️ Forex | No | Yes | Yes |
➡️️ Precious Metals | No | Yes | Yes |
➡️️ ETFs | Yes | Yes | No |
➡️️ CFDs | No | Yes | Yes |
➡️️ Indices | No | Yes | Yes |
➡️️ Stocks | Yes | Yes | Yes |
➡️️ Cryptocurrency | No | Yes | No |
➡️️ Options | Yes | Yes | No |
➡️️ Energies | No | Yes | Yes |
➡️️ Bonds | Yes | Yes | No |
Trading and Non-Trading Fees
Commissions
This broker’s commissions range from 0 to 0.03% of every $1,000 in turnover, plus $0.65 for each option contract, depending on the traded instrument. US government bonds are traded with a brokerage fee ranging from $19.95 to $250 for the total deal volume. The highest fee for Treasury securities that mature within a year is $50.
Annual Advisory Fee
Fidelity Investments charges the following Annual Advisory Fees:
️ Fidelity Tax-Managed US Equity Index Strategy – between 0.20% and 0.65%
️ Fidelity Equity-Income Strategy – between 0.30% and 0.90%
️ Fidelity International Equity Strategy – between 0.30% and 0.90%
️ Fidelity Tax-Managed International Equity Index Strategy – between 0.20% and 0.65%
️ Fidelity US Large-Cap Equity Strategy – between .30% and 0.90%
️ Fidelity Core Bond Strategy – between 0.35% and 0.40%
️ Fidelity Intermediate Municipal Strategy – between 0.35% and 0.40%
️ Breckinridge Intermediate Municipal Strategy – between 0.35% and 0.40%
Deposits and Withdrawals
Fidelity Investments offers the following deposit and withdrawal methods:
️ Credit Card
️ Debit Card
️ Bank Wire Transfer
The process to Withdraw Funds from a Fidelity Investments Account
To withdraw funds from an account with Fidelity, traders and investors must complete a withdrawal request according to the account type from which they are withdrawing funds.
The form will require account owner information and a section with the “Withdrawal Request” where traders can indicate the amount to be withdrawn. Traders may have to provide additional information on all other types of withdrawals before they proceed to the Withdrawal Method.
From here, traders have a range of options that they can choose, each with different information required according to the method chosen. Lastly, traders must complete the page with their signature and date.
Education and Research
To offer beginner Nigerian traders with a fundamental understanding of stock trading, there is a special trading centre offered through Fidelity Investments. There are online webinars, analytical reviews of major financial market areas, instructions on how Nigerians can get started in the stock market.
A Fidelity Investments account gives Nigerian traders access to a wide range of online trading tools that are simple to use, but complex enough to aid traders in their research and planning so that they can realize all the potential that their trading strategy has.
An in-house team of experts can also provide the most up-to-date professional views. They provide customers with investment research and analysis to help them with their various trading methods. Articles and financial analysis are provided by Fidelity Viewpoints to assist traders in making educated investment choices.
In addition, Fidelity Investments also offers the following tools and research:
️ Stock Screener Dashboard to help Nigerian investors seek investment opportunities through the third-party provider as well as data visualisation tools, including fundamental analysis, technical analysis, social trends, advanced charting, and more.
️ Stock Screeners can be accessed through desktop or mobile, helping investors search for stocks and ETFs using various criteria to narrow down the options.
️ Equity Summary Score
️ Strategy Testing Tools
️ Active Investor Newsletter
️ Interactive Coaching Sessions
️ Live Webinars
Min Deposit
$0 / 0 NGN
Regulators
SEC, FINRA
Trading Desk
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Fidelity Investments Affiliate Program
Nigerian traders do not have to pay a fee to participate in the affiliate program, which was developed only to acquire new consumers.
Fidelity Investments is asking its registered traders to suggest the firm to their friends and family by sending an email with their contact information and a personal recommendation. A link to Fidelity Investments’ information services is included in the broker’s email request for collaboration with the invited users, as well.
Verdict on Fidelity Investments
Fidelity Investments is an ideal broker for Nigerian investors and traders who want to invest in Fidelity or iShares. It is also ideal for investors and traders who want to ensure low trading costs and those who want advanced research tools and resources.
Fidelity Investments is a prominent name in investing, and it is a brand with a good reputation. Fidelity Investments is the perfect pick for more advanced traders and investors who are familiar with their investment objectives and their trading styles.
Fidelity Pros and Cons
✔️ Pros | ❌ Cons |
Fidelity Investments is well-regulated and has a good trust score | MetaTrader platforms are not supported |
Member of the FDIC and the Securities Investor Protection Corporation (SIPC) | There is no Forex, CFD, or crypto trading offered |
There is a wide range of investment options offered across several financial markets | There are limited funding options |
There are several account types to choose from, each suiting different investors and traders | The account opening process can be time-consuming |
There are many advanced trading tools offered on the website, trading platform, and mobile app | To get the best account benefits, traders must make larger deposits |
Powerful proprietary trading platform offered | Management fees and a contract fee applied |
Competitive trading conditions for cost-effective trading and investing | |
Offers advanced research options and some educational material |
Frequently Asked Questions
Is Fidelity Investments regulated and by whom?
Yes, Fidelity Investments is well-regulated by FINRA and SEC.
What is the overall rating for Fidelity Investments out of 10?
The overall rating for Fidelity Investments is 8/10.
Is Fidelity Investments suitable for beginner and professional traders?
While Fidelity Investments offers educational material for beginners, it is not an online broker that is geared towards beginners but more towards experienced traders and professional investors.
Which financial instruments can I trade with Fidelity Investments?
Nigerian traders can trade:
- Shares
- Commodities
- Exchange-Traded Funds (ETFs)
- Mutual Funds
- Investment Funds
- Options
- Futures
- Bonds
- Annuities
- Fractional Shares
- CDs
- Fixed Income
- IRAs and Retirement
- Initial Public Offerings (IPOs)
What is the minimum deposit required to register an account with Fidelity Investments?
400 Nigerian Naira to the equivalent of $1.