Fidelity is one of the largest Fidelity pros and cons services providers in the country, offering retirement accounts and brokerage services to millions of investors. While investing always comes with risk, your assets are safe in Fidelity brokerage accounts. All brokerage accounts are insured by the Securities Investor Protection Corporation (SIPC), which protects up to $500,000 in securities and $250,000 in cash held in a brokerage account in the event that Fidelity were to go bankrupt.

The company also offers a range of fee-free accounts, including Fidelity Go, a robo-advisor that’s designed to help beginners invest their life savings. With a low account minimum, competitive fees, and diversified portfolios monitored by real people, Fidelity Go is a great option for beginner investors.

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Other Fidelity pros include a diverse selection of investment options, a variety of account types, and robust research tools and news feeds. However, the company can be a bit overwhelming for active and passive investors with its wealth of educational materials, charts, tools, and trading platforms.

Fidelity offers the ability to trade stocks, ETFs, bonds, mutual funds, and three cryptocurrencies. It also supports trading in American depository receipts, or ADRs, that give investors exposure to foreign companies. Additionally, the company offers a robust bond selection with over 100,000 different individual bonds and bond funds to choose from. The company also removes many common fees from its platform, including commissions on stock and ETF trades. Its order execution is also top-notch, executing stocks at the exact or better price than the listed quote more than 95% of the time.