by rapier7
With the recent announcements from most of the major discount brokerages matching 0 commission trades in response to IKBR and Schwab, I sent an email to Fidelity asking if they would match. Here’s the reply…
Thank you for contacting us in regard to the recent announcement by other brokerage firms that they are eliminating trading commissions for stock trades. I am happy to assist you today!
At this time, Fidelity does not plan to match their elimination of commission trading fees. We continue to offer the best value for traders, including our industry-best order execution and price improvement, accepting no payment for order flow for stock and ETF trades, zero mutual fund investment minimums, zero account minimums, the industry’s lowest index mutual fund expense ratios, more than 500 commission-free ETFs, and an award-winning brokerage trading platform.
Fidelity clients also benefit from our unmatched value through a number of recent industry-leading moves such as offering a cash sweep rate more than 10 times higher than Schwab and making investing free with Fidelity ZERO Index Funds.
You can find more information on our commitment to order execution and price improvement, which can save you more than the cost of our commission, by accessing this page on our site:
www.fidelity.com/trading/execution-quality/overview
We remain confident in our current offering, but we are always evaluating our services to ensure we continue to provide the best possible value and experience to our customers.
Thank you for your continued trust in Fidelity, *****. Thank you for choosing Fidelity and have a wonderful day!
So it sounds like Fidelity is going to try and hold out on this, which is a shame because I do have like 5% of my portfolio in individual stocks for semi-gambling purposes. Bummer.