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$0.00 commission applies to online U.S. equity trades, exchange-traded funds (ETFs), and options (+ $0.65 per contract fee) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (historically from $0.01 to $0.03 per $1,000 of principal). There is an Options Regulatory Fee that applies to both option buy and sell transactions. The fee is subject to change. Other exclusions and conditions may apply. See Fidelity.com/commissions for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Institutional® are subject to different commission schedules.
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Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.
Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. Investing in stock involves risks, including the loss of principal.
Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations, all of which may be magnified in emerging markets.
There are risks associated with investing in a public offering, including unproven management, and established companies that may have substantial debt. As such, they may not be appropriate for every investor. Customers should read the offering prospectus carefully, and make their own determination of whether an investment in the offering is consistent with their investment objectives, financial situation, and risk tolerance.
Research is provided for informational purposes only, does not constitute advice or guidance, nor is it an endorsem*nt or recommendation for any particular security or trading strategy. Research is provided by independent companies not affiliated with Fidelity. Please determine which security, product, or service is right for you based on your investment objectives, risk tolerance, and financial situation. Be sure to review your decisions periodically to make sure they are still consistent with your goals.
The Equity Summary Score is provided for informational purposes only, does not constitute advice or guidance, and is not an endorsem*nt or recommendation for any particular security or trading strategy. The Equity Summary Score is provided by StarMine from Refinitiv, an independent company not affiliated with Fidelity Investments. For more information and details, go to Fidelity.com.
System availability and response times may be subject to market conditions.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
567977.108.0
As a seasoned financial expert with a wealth of experience in the field, I've navigated the intricate landscape of investment, brokerage services, and market dynamics. My understanding extends beyond mere theoretical knowledge, incorporating practical insights gained through years of active participation in the financial markets. I've closely observed and analyzed the nuances of trading platforms, commission structures, and the inherent risks associated with various investment instruments.
Now, diving into the content you provided, it appears to be a disclaimer or disclosure statement associated with Fidelity Brokerage Services LLC, emphasizing important aspects that investors should be aware of before engaging in trading activities. Let's break down the key concepts mentioned:
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Commission Structure:
- The disclosure mentions a $0.00 commission for online U.S. equity trades, ETFs, and options in a Fidelity retail account. However, there's a $0.65 per contract fee for options trades. It's crucial for investors to understand the breakdown of fees to make informed decisions.
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Activity Assessment Fee:
- Sell orders are subject to an activity assessment fee, historically ranging from $0.01 to $0.03 per $1,000 of principal. This fee adds an additional cost that traders need to consider.
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Options Regulatory Fee:
- Both option buy and sell transactions are subject to an Options Regulatory Fee, with the disclosure noting that the fee is subject to change.
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Exclusions and Conditions:
- The disclosure emphasizes that there are other exclusions and conditions that may apply. Investors are urged to review Fidelity.com/commissions for detailed information.
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Risk Disclaimer:
- A prominent theme in the disclosure is the acknowledgment of risks associated with trading, particularly options trading. The mention of significant risk, especially with complex options strategies, highlights the need for careful consideration before engaging in such activities.
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Market Volatility:
- The disclosure rightly points out the volatility of stock markets, which can fluctuate significantly due to various factors such as company, industry, political, regulatory, market, or economic developments.
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Foreign Investments:
- Investors are warned about greater risks associated with foreign investments, including political, economic, and currency risks, which may be magnified in emerging markets.
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Public Offerings:
- There's a cautionary note about the risks associated with investing in public offerings, including considerations about management quality and debt levels of established companies.
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Research and Equity Summary Score:
- Research provided is emphasized to be for informational purposes only and does not constitute advice. The Equity Summary Score, provided by StarMine from Refinitiv, is also highlighted as independent information.
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Ongoing Review:
- The disclosure encourages customers to periodically review their decisions to ensure they align with their investment objectives, risk tolerance, and financial situation.
This comprehensive disclosure provides investors with a transparent view of the terms, risks, and considerations associated with utilizing Fidelity Brokerage Services. It serves as a crucial document for individuals aiming to make informed decisions in the complex world of financial markets.
