⭐ Editor's Choice — Top Rated Pick
Fidelity Investments
📍 Available in: US
★★★★★ 4.8 / 5.0
Fidelity is arguably the best consumer brokerage in the US today. Unlike competitors that pay 0% on uninvested cash, Fidelity automatically sweeps your cash into SPAXX (a core money market fund) earning around 5.0%. They do not use Payment for Order Flow (PFOF) for equity trades, ensuring you get excellent price execution.
Pros & Cons
✓ Pros
- ✓The automatic cash sweep is a massive quality-of-life feature
- ✓Fidelity Zero funds have literally 0% expense ratios
- ✓Incredible reputation and very solid mobile app
✕ Cons
- ✕Will strictly close your account if you move out of the US permanently
- ✕Margin rates are still high compared to specialized margin brokers
Key Features
Automatic Money Market Sweep (SPAXX)Zero Expense Ratio Mutual Funds (FZROX)Fractional Share InvestingNo PFOF on equities
Compare Fidelity Investments Side-by-Side
Not sure if Fidelity Investments is the right fit? See how it stacks up against direct competitors: