Updated September 29, 2026 · BrokerCue Editorial Team
Fidelity vs FXTM
Where Fidelity and FXTM differ
| Compare |  Fidelity | FXTM ReviewSee alternativesSee alternatives |
|---|---|---|
| Minimum deposit | $0Lower | $10 |
| Inactivity fee | $0Lower | $5 |
| Markets | Stocks, ETFs, Options, Bonds, Funds, Futures, Forex | Stocks, ETFs, Forex, CFDs, Futures, Crypto, Bonds, Metals |
| Regulators | SEC, FINRA, SIPC | FCA, CySEC |
| Investor protection | SIPC up to USD 500,000 | FSCS up to GBP 85,000 |
| Stock trade fee | $0 | Not confirmed |
| Account fee | $0 | Not confirmed |
| Retail accounts that lose money | Not confirmed | 88% |
| Margin rate | 12.375% | Not confirmed |
| Options contract fee | $0.65 | Not confirmed |
| Deposit and withdrawal fees | Not confirmed | No deposit fees; withdrawal fees vary by method |
| Platforms | Not confirmed | Desktop, Mobile App, MetaTrader 4, MetaTrader 5 |
| Account types | IRA, Roth IRA, Joint | Not confirmed |
| Maximum retail leverage | Not confirmed | 1:2000 |
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Key differences
- Fidelity scores higher overall: 9.5 vs 9.3.
- Regulators: only Fidelity offers SEC, FINRA, SIPC.
- Regulators: only FXTM offers FCA, CySEC.
- FXTM is licensed in 1 more country.
- Minimum deposit is lower at Fidelity: $0 vs $10.
- Inactivity fee is lower at Fidelity: $0 vs $5.
- Markets: only Fidelity offers Options, Funds.
- Markets: only FXTM offers CFDs, Crypto, Metals.
- Support channels: only Fidelity offers Phone, Community.
- Support channels: only FXTM offers Help centre.
Our verdict on each
Fidelity
Fidelity is a US brokerage that suits investors who want to hold and trade without a standing charge: its minimum deposit, account fee and inactivity fee all sit at $0, $0 and $0. Stock dealing is commission-free, with SIPC protection recorded as SIPC up to USD 500,000.
FXTM
FXTM suits traders who want forex, CFDs, futures, crypto and shares under one account, with retail leverage of 1:2000 and dual regulation behind the money. Costs are the compromise: entry is light, but support runs on help centre only, and a dormant account is charged rather than left free.
Score breakdown
| Area | Fidelity | FXTM |
|---|---|---|
| Cost | 9.1HigherSite ranks it 1 of 138 on account fee and 1 of 161 on stock trade fee. | 9.0Entry costs are light, with a $10 starting deposit and No deposit fees; withdrawal fees vary by method, though dormant accounts pay $5. |
| Offer | 9.5Higher | 9.3 |
| Trust | 9.8Higher | 9.5 |
Licences and countries
| Country | Fidelity | FXTM |
|---|---|---|
| Cyprus | Not confirmed | |
| United Kingdom | Not confirmed | |
| United States | SIPC SIPC member 23292 | Not confirmed |
How they place
| Ranking | Fidelity | FXTM |
|---|---|---|
| Stock and ETF brokers | 37 of 490 | 59 of 490 |
| Forex brokers | 14 of 147 | 27 of 147 |
| Low-spread forex brokers | 12 of 145 | 25 of 145 |
| Futures trading platforms | 10 of 83 | 14 of 83 |
Every fact side by side
| Fact | Fidelity | FXTM |
|---|---|---|
| Features | Fractional shares, Demo account, Mobile app, Crypto, Options, Futures | Demo account, Copy trading, Mobile app, Crypto |
| Pricing model | Commission free | Not confirmed |
| Audience | Beginners, Experienced | Not confirmed |
| Legal entity | FIDELITY BROKERAGE SERVICES LLC | Not confirmed |
| Headquarters | United States | Not confirmed |
| Founded | 1946 | Not confirmed |
| Support channels | Phone, Community | Help centre |
Robo-advisors
| Fact | Fidelity | FXTM |
|---|---|---|
| Portfolio types | ETF, ESG, Crypto | Not confirmed |
Where each stands against the rest
| Fact | Fidelity | FXTM | Median |
|---|---|---|---|
| Minimum deposit | $0below the median | $10at the median | $10 |
| Stock trade fee | $0at the median | Not confirmed | $0 |
| Account fee | $0at the median | Not confirmed | $0 |
| Inactivity fee | $0at the median | $5above the median | $0 |
| Retail accounts that lose money | Not confirmed | 88%highest quarter | 70.375% |
| Margin rate | 12.375%highest quarter | Not confirmed | 8.79% |
Median across 99 listed brokers.
Pros and cons
Fidelity
Pros
- Costs sit at the floor: stock trade fee $0, account fee $0, inactivity fee $0 and minimum deposit $0
- The client entity is listed on the SIPC register as SIPC member 23292, with protection recorded at SIPC up to USD 500,000
- Account types cover retirement and shared holdings: ira, roth ira and joint
Cons
- Support runs on phone and community only, so that list carries no chat or email channel
- Options contracts cost $0.65 each, the main charge where stock dealing is free
- Margin borrowing is priced at 12.375%, a cost on top of the free equity dealing
FXTM
Pros
- One account spans stocks, etfs and forex.
- The FCA and CySEC both appear under FCA and CySEC, with FSCS up to GBP 85,000 for UK clients.
- Trading runs on Desktop, Mobile App and MetaTrader 4, and demo account, copy trading and mobile app adds a demo account and copy trading.
Cons
- Dormant balances are charged $5, a cost active traders never meet.
- Support runs on help centre only.
- Leverage of 1:2000 magnifies losses, and 88% of retail accounts lose money.
Who each suits
Fidelity
Who it suits
- Retirement savers, since ira, roth ira and joint are all listed as account types
- Buyers investing small amounts, as fractional shares sit in fractional shares, demo account and mobile app
- Traders who want stocks, bonds, funds, options, futures and forex in one place, as stocks, etfs and options shows
Who should look elsewhere
- Traders who want CFDs, since stocks, etfs and options leaves them out and CFI lists stocks, etfs and forex
- Anyone who prefers a required opening deposit, since $0 sets none where Vantage asks $5
FXTM
Who it suits
- Traders who want forex, CFDs, futures, crypto and shares in one place from a $10 start.
- Newcomers who want a demo account and copy trading through demo account, copy trading and mobile app.
- Clients who want regulation in the UK and Cyprus under FCA and CySEC.
Who should look elsewhere
- Anyone who wants to open with nothing: CFI has a $0 minimum.
- Traders focused on shares, ETFs and crypto rather than bonds and metals: eToro's markets are stocks, etfs and forex.
- Small accounts wanting a cheaper opening: Vantage starts at $5.
Country by country
| Country | Fidelity | FXTM |
|---|---|---|
| United States | Yes | No |
Questions about each
Fidelity
What does it cost to trade stocks at Fidelity?+
Stock dealing is commission-free, with a stock trade fee of $0. The account fee is $0 and the minimum deposit is $0, so there is no standing charge to hold the account. Options contracts are the exception, at $0.65 each.
Is there an inactivity fee if I stop trading?+
The inactivity fee is $0, so an idle account is not charged for sitting still. On the site it ranks 1 of 56 brands measured for that fee. With the account fee at $0, a dormant account carries no listed running cost.
FXTM
What does it cost to open and keep an FXTM account?+
Opening an account starts at $10, and the deposit and withdrawal terms read No deposit fees; withdrawal fees vary by method. The fee to watch is the inactivity charge of $5, which bites once an account sits idle, so running costs stay low only while you keep trading.
Is my money protected at FXTM?+
FXTM is regulated by the FCA and CySEC, and the investor protection stated is FSCS up to GBP 85,000. That cover sits with the regulated entity holding the account, so check which one your account is opened with before treating the protection as your own.
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