Fidelity, founded in 1946, is a well-established financial institution that has earned a reputation as a trusted investment platform. Fidelity provides a wide range of investment options, including stocks, bonds, mutual funds, exchange-traded funds (ETFs), options, and retirement accounts, and they have over 40 million individual investors.
The company provides commission-free trades for stocks, ETFs, and options, making it an attractive option for cost-conscious investors.
Fidelity operates in 25 countries, making its services accessible to a global clientele. However, it’s worth noting that Fidelity’s services may vary by country, and not all products and features are available in every region.
Want to know if you can trade futures on Fidelity? Wondering about alternative investment platforms to invest in futures? We’ve got you covered!
Can you trade Futures on Fidelity?
Unfortunately, you are not able to trade futures on Fidelity! As of this writing, Fidelity doesn’t offer futures trading.
Our team conducted research to understand why Fidelity does not offer futures trading. We reached the conclusion, based on a comment posted by an official Fidelity profile on Reddit, that this type of product is not offered due to the associated risk and volatility. It should be an integral part of a strategy recommended only for sophisticated investors.
Source: Reddit
Which Products can I trade in Fidelity?
| Products | Available? |
| Stocks | ✔ |
| ETFs | ✔ |
| Bonds | ✔ |
| Funds | ✔ |
| Options | ✔ |
| Futures | ✘ |
| Forex | ✘ |
| Cryptocurrencies | ✔ |
| Commodities | ✘ |
| CFDs | ✘ |
| Leverage Products | ✘ |
Best Fidelity alternatives for investing in Futures
Brokers’ comparison table
| Broker | Minimum Deposit | Supported Futures | Available in US? | Futures Trading Fees |
| Interactive Brokers | $0 | Futures on Crypto, Agriculture, Metals, Forex, Interest Rates, Energy and Equity Index | Yes | From $0.25 to $0.85 for US contracts (depending on the volume).Up to $0.25 for Micro contracts, and max of $5 for crypto futures contracts |
| Saxo Markets | $2,000 (can vary by country) | Futures on equity indices, energy, metals, agriculture, rates and FX | No | Ranges between $1.25 and $6 per contract (min of $10) |
| TD Ameritrade | $50 (electronic transfers); no account minimum | Futures on Stock index & Micro E-mini index futures, Energy, Metals, Treasury & interest rates, Agriculture, Currency, Micro Futures | Yes | $2.25 per contract |
| E*TRADE | $0 | Futures on market indices, energies, metals, interest rates, currencies, Bitcoin and Micro | Yes | $1.5 per contract, except for cryptocurrency futures, which cost $2.5 per contract |
| Plus500 Futures | $100 | Futures on market indices, energy, interest rate, commodities, crypto and Forex | Yes | $0.49 (per trade) in micro contracts and $0.89 (per trade) in Standard contract |
What Makes a Good Broker for Futures Trading?
When choosing a futures broker, it’s important to consider several factors that can impact a trader’s success. These include:
- Low trading fees: To enhance your profitability in futures trading, choosing a broker with competitive trading fees is crucial. You’ll want to look for a broker that offers low spreads and minimal or no commissions.
- Reliable platform: The trading platform is your primary tool and should have all the necessary features for effective trading. The platform should be user-friendly, fast, and reliable. It’s also helpful if the platform includes market news and real-time data feeds, which can give you valuable insights into the market. Additionally, risk management tools such as stop-loss orders and trailing stops can help protect your trades and minimise your risk.
- Excellent customer support: A futures broker’s customer support is essential, particularly for new traders. Fast response times and helpful support staff should be available via phone, email, or live chat to ensure you can get the help you need when needed.
- Regulatory compliance: To ensure the safety of your funds, it’s important to choose a futures broker that is regulated by the relevant regulatory bodies in the country where they operate. For example, the Commodity Futures Trading Commission (CFTC) is a member of the National Futures Association (NFA) in the United States, the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC) in Australia, or any other reputable global regulatory bodies.
Bottom Line
Fidelity, a well-established financial institution, does not provide futures trading within its platform. In this article, we have highlighted some of the best alternatives to explore, such as Interactive Brokers, TD Ameritrade, Saxo Bank, E*TRADE and Plus500 Futures.
When selecting a Future broker, consider factors such as regulatory compliance, trading platform quality, commissions and spreads, trade execution speed, liquidity, and customer support. Each broker has pros and cons, so choosing the one that best suits our needs is important.
Hopefully, we have helped you with your choice!
Mariana is currently a finalist in Management program at the University of Minho, and she also serves as a digital ambassador for a leading Big4 company in the field of financial consulting, Ernst & Young.
Mariana's primary areas of interest revolve around the exact sciences, numbers, and the financial sector. Presently, Mariana holds the position of COO at a junior initiative within her university, dedicated to promoting financial literacy among the youth and addressing the educational challenges faced in Portugal.
