Fidelity fees & pricing
Complete commission schedule, margin tier ladder, cash-sweep yield, and PFOF stance.
Last reviewed May 13, 2026
Full fee schedule
Every documented Fidelity fee, grouped by category. Green = competitive; red = negative outlier; neutral = market-rate.
| Category | Item | Price | Notes |
|---|---|---|---|
| Stocks & ETFs | US stock / ETF commission | $0 | — |
| Options | Options base + per-contract | $0 + $0.65 | No exercise/assignment fee |
| Mutual funds | Mutual funds — Fidelity & NTF partners | $0 | 10,000+ NTF funds |
| Mutual funds | Mutual funds — transaction-fee | $49.95 buy / $0 sell | — |
| Bonds | US Treasuries (online) | $0 | — |
| Bonds | Corporate / muni bonds, CDs | $1 per bond | $250 max; rep-assisted has $19.95 min |
| Crypto | Crypto commission | $0 commission, ~1% spread | — |
| Account & service fees | Broker-assisted trade surcharge | +$32.95 | — |
| Account & service fees | Account closure / IRA termination | $0 | — |
| Account & service fees | Outbound ACAT (full transfer out) | $0 (waived) | — |
| Account & service fees | Outbound wire (USD) | $0 | — |
| Margin | Base margin rate | 10.575% | Effective 12/12/2025 |
| Margin | Margin rate >$1,000,000 debit | 7.50% | — |
| Cash sweep | Default cash sweep (SPAXX) | 3.26% 7-day yield | As of 5/12/2026 |
PFOF: Does not accept payment for order flow on equities; accepts PFOF on options. Famously does not accept PFOF on equity trades; receives PFOF on options (industry standard).
Margin rates by debit balance
Step-line — rate is constant within each tier. Overlay shows every other broker we’ve reviewed for context. Lower is better.
See margin tiers as a table
| Debit balance | Rate (APR) | Notes |
|---|---|---|
| ≥ $0 | 12.575% | Base + 2.000% |
| ≥ $25,000 | 12.075% | — |
| ≥ $50,000 | 11.075% | — |
| ≥ $100,000 | 10.575% | Base rate |
| ≥ $250,000 | 9.825% | — |
| ≥ $500,000 | 8.825% | — |
| ≥ $1,000,000 | 7.500% | — |
Cash sweep
Default cash sweep
3.26%(SPAXX (Fidelity Government Money Market Fund))
30-day yield 3.29%. FZFXX Treasury MMF 3.28% / 3.30% available as alternate core position.
As of May 12, 2026