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Last updated on Apr 09, 2020

Fidelity OST Review

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  • User-friendly platform
  • Best-in-class research tools
  • $4.95 per trade
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How We Reviewed Fidelity

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1 top-ranking company

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3 weeks of research

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15 trading sites compared

Fidelity has been around since 1946 and is the largest provider of 401(k)s in the U.S. The brokerage firm offers foreign currency trading through its subsidiary, Fidelity Forex, where you’ll have access to exchanges in more than 20 currencies.  

Fidelity Forex allows investors to diversify their portfolio to capitalize on international currencies and emerging markets. All you need to do is sign up for international trading online. Once your Forex account is set up, you’ll be able to invest in online trading in 25 countries.

Investing with Fidelity is recommended for new investors getting started in the foreign exchange market. You can work with an advisor to have all (or portions) of your investment portfolio professionally managed while still participating in self-directed investing. Fidelity also offers something different from most other brokerage firms — local branches, with 140 locations for help. 

Product Overview

Best Research and Tools



Sleek and high-functioning platform
Best-in-class research


Not all tools are accessible to all users

Fidelity Forex’s Services & Features

Price $$0.65 per options contract
Standout features User-friendly platform
Best-in-class research tools
Excellent mobile app
Forex trade cost type Commissions
Minimum deposit Varies depending on account type
Clearing method Market maker
Maximum leverage (international) 50:01:00
Maximum leverage (U.S) 50:01:00

With its sleek and intuitive design, Fidelity’s trading platform makes investing feel like less of a dark art. All of your trading options are color-coded in rankings and charts, so you can find the most essential information at a glance. You can also sort stocks through several filters like size, performance, and even commission-free offerings.

If you’re serious about gaining an edge in the investing world, Fidelity is the best platform bar none. With research from more than 20 top firms, it had by far the most impressive library of tools that we saw. Fidelity’s Learning Center covers everything from options trading to margins loans, giving you top-notch technical analysis to help inform your investment strategy.

The Competition

Fidelity ForexATC Brokersally InvestThinkorswim
Forex trade$0.65 per options contractBased on spreadBased on spreadBased on spread
Forex trade cost typeCommissionsCommissionsPipsFlats and pips
Minimum depositVaries depending on account type$2,000$250$0
Clearing methodMarket makerWire/Straight Through ProcessingMarket MakerDealing desk
Maximum leverage (international)50:01:00200:1 50:01:0050:01:00
Maximum leverage (U.S)50:01:00200:1 50:01:0050:01:00

Fidelity Forex vs. ATC Brokers

Fidelity Forex is more user-friendly than ATC Brokers for investors with limited expertise. ATC has advanced tools better suited for experienced traders. Fidelity offers an extensive learning library to get newer traders up to speed and has enough tools to satisfy a more advanced investor. If you’d like to diversify into currencies without too much fuss, go with Fidelity Forex. If you’d like to add metals and CFDs, ATC Brokers’ platform is more comprehensive.

Fidelity Forex vs. Ally Invest

Forex and Ally Invest have similar low-cost trading models, but Fidelity is the more robust choice for international trading. To get more international exposure using Fidelity, you can trade American Depository Receipts (ADRs) and a limited amount of foreign OTC securities. Fidelity offers both ADRs and OTC equities, plus you can open an international account to trade in foreign equity and currencies. 

Fidelity Forex vs. Thinkorswim

Thinkorswim is Ameritrade’s trading platform, while Fidelity uses the Active Trader Pro platform. Both provide plenty of features novice and advanced traders could make use of, but the thinkorswim platform is more sophisticated. Thinkorswim is available to customers with no minimum trade requirements making it the best choice for its level of sophistication and lack of investment requirements to access the platform. 

Fidelity FAQ

The Bottom Line

If you’re interested in adding international exposure to your portfolio, you’ll find Fidelity Forex, backed by its parent company of Fidelity, is a smart choice. You’ll have access to Fidelity’s research and investment tools and will be able to trade in over 20 foreign exchanges. 

Fidelity Forex is a good starting place for new to intermediate investors, although Active Trader Pro is robust enough for more advanced investors. Besides the online platform, you’ll have access to 140 locations in major cities to discuss your investment goals with an advisor or get further guidance on Forex trading.

About the Authors

Sean d’Oliveira is an editor for Reviews.com covering personal banking, investing, and security topics in Finance. Before his work on Reviews.com, Sean served as a copy editor for an online marketing agency and as a writer for the Sun-Sentinel in South Florida. Sean graduated from the University of North Florida in 2007 with a bachelor’s degree in communications.