Most investors would know a thing or two about Fidelity Investments. More commonly referred to as Fidelity, it is one of the biggest asset managers in the world with a total customer asset value at $6.7 trillion.
But while the company offers a lot of good solutions for investors, it may still not fit to everyone’s needs. So if you’re looking for a god alternative to Fidelity as your brokerage, here are some of your best options for 2021.
- Interactive Brokers
Founded in 1978, Interactive Brokers is one of the largest discount brokers based in the United States. International financial authorities like the United States Securities and Exchange Commission (SEC) and the Financial Conduct Authority (FCA) in the United Kingdom recognise this brokerage and it also has licenses from different top-tier regulators, making it one of the safest brokerages today.
Interactive Brokers offer a wide range of products and research tools to help you manage your investments more efficiently.
- eToro
Although eToro has only been in operations since 2006, it has quickly become one of the most reliable brokerages for investors.
Based in both the United Kingdom and Cyprus, this multi-asset and social trading brokerage company is worth more than $800 million and both the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC) regulates it.
With eToro, you only need to deposit a minimum of $200 and it has a lot of features like Expert advisors (Metatrader), ECN broker (Forex ECNs), hedge trading, tight fixed spreads and an app where you can keep track of your investments.
- Charles Schwab
Founded in 1971, Charles Schwab is one of the oldest brokers in the US with a listing on the New York Stock Exchange. It is also recognised by the Financial Industry Regulatory Authority (FINRA), the US Securities and Exchange Commission (SEC) and the Financial Conduct Authority (FCA).
Charles Schwab is popular for offering excellent customer service, free stock and ETF trading and outstanding research, which are all crucial to your success as an investor.
- TD Ameritrade
Known as one of the biggest stockbrokers in the United States, TD Ameritrade has been in business since 1978 and it is widely recognised by top-tier regulators around the world.
It is also listed in the stock exchange and it has publicly disclosed its financials making it one of the safest brokerages out there. TD Ameritrade is known for its excellent desktop trading platform that allows young investors to understand trading easily and it has low trading fees with free stock and ETF trading.
It also offers excellent customer support, although you can only trade in American markets if you’re using this brokerage.
Choosing the right brokerage firm is crucial to your success as an investor. The trick here it so know exactly what your needs are so it’s easier to find a company that will work best for you.
Aside from Fidelity, these firms are trustworthy, reliable and credible enough to be excellent alternatives for you this year.