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Compare trust, fees, platforms, and withdrawals. See the trade-offs and details worth checking before you choose.
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The comparison reads the same evidence fields used by broker profiles, so users can scan scores, regulation, costs, platforms, withdrawals, and caveats side by side.
| VS field | ![]() | ![]() |
|---|---|---|
Decision summary | ||
| Overall score | ||
82 |
91 |
| Trust score | 86 | 100 |
|---|
| Cost score | 82 | 89 |
|---|
| Platform score | 78 | 94 |
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| Withdrawal score | 80 | 89 |
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| Best for | Australian buy-and-hold share and ETF investors · Investors who value CHESS-sponsored ASX holdings and predictable brokerage · Families, SMSFs, trusts or companies needing multipl… | Evidence supports Fidelity as a U.S.-focused, highly regulated multi-asset broker for stocks, ETFs, mutual funds, bonds/CDs, options, cash management, managed portfolios, and sepa… |
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| Watch out | Needs verification | Needs verification |
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Trust & regulation | ||
|---|---|---|
| Regulators | ASIC / Australian Financial Services Licence regime Source | Fidelity Brokerage Services LLC is SEC registered and regulated by FINRA; FBS and NFS are members of NYSE and SIPC. Source |
| License numbers | AFSL No. 421789 Source | FBS CRD# 7784 / SEC# 8-23292; NFS CRD# 13041 / SEC# 801-50706, 8-26740. Source |
| Regulated entities | SelfWealth Pty Ltd ABN 52 154 324 428, AFSL No. 421789 Source | Primary securities brokerage entities are Fidelity Brokerage Services LLC (FBS) and National Financial Services LLC (NFS), each member NYSE/SIPC; advisory and crypto entities differ by product. Source |
| Negative balance protection | Not applicable to the checked non-leveraged cash share/ETF brokerage offering Source | Not applicable/not disclosed as a CFD-style negative balance protection policy; margin trading can create debt/interest obligations. Source |
| Investor compensation | No specific statutory investor-compensation scheme disclosed on checked pages; cash is held in an ANZ trust account and ASX shares are CHESS-sponsored Source | SIPC coverage up to $500,000/$250,000 cash plus Fidelity excess SIPC; FDIC sweep coverage may apply to eligible cash programs; important exclusions apply. Source |
| Restricted countries | Country restrictions / accepted resident jurisdictions not fully disclosed in checked public pages; official pages target Australian investors Source | U.S.-persons focused; sanctioned countries/prohibited parties restricted; no exhaustive country availability list found. Source |
Costs & account conditions | ||
|---|---|---|
| Minimum deposit | No minimum balance; $0 cash balance can be held indefinitely. ASX new holdings require minimum trade value separate from deposit. Source | $0 to open a retail brokerage account; Fidelity states no account minimum and ability to invest with as little as $1; exceptions apply by account/product. Source |
| Spread from | Not applicable or not broker-level for this investment-platform profile; review if leveraged products apply. Source | Not applicable to Fidelity's core U.S. stock/ETF brokerage model; securities trade by exchange/market prices rather than quoted CFD/FX spreads. Source |
| Commission | Flat trade commissions rather than spread/percentage commissions for core share trades Source | $0 online U.S. stock and ETF trades; $0 online options commission plus $0.65/contract; other product/service fees apply. Source |
| Maximum leverage | Not applicable / not disclosed for ordinary Selfwealth stock and ETF investing; no margin/leverage product identified in checked official pages Source | No universal maximum leverage ratio disclosed for Fidelity retail brokerage; margin borrowing is available subject to approval and margin requirements/rates rather than a single max leverage figure. Source |
| Deposit fee | No Selfwealth deposit fee disclosed; no deposit/withdrawal fees stated on US trading page; ANZ cash trading account has no fees Source | $0 Fidelity fee for EFT and Fidelity does not charge wire fees; external banks may charge. Source |
| Withdrawal fee | No Selfwealth cash withdrawal fee disclosed; no deposit/withdrawal fees stated on US trading page Source | $0 Fidelity fee for EFT and domestic bank wire withdrawals; foreign exchange wire up to 3% of principal; receiving bank may charge. Source |
| Inactivity fee | No inactivity fees Source | No explicit inactivity-fee line found in official fee schedule; official account pages state no retail brokerage account fees/no account or subscription fees. Treat as needs manual confirmation before publishing as '$0 inactivity fee'. Source |
Markets, platforms & payments | ||
|---|---|---|
| Tradable assets | ASX/Cboe shares and ETFs; US stocks and ETFs; HKEX shares only where available Source | Stocks, ETFs, mutual funds, options, crypto, fixed income, bonds and CDs; Fidelity says stocks include domestic and international. Source |
| Trading platforms | Desktop/web platform and free Selfwealth mobile app Source | Fidelity.com, Fidelity mobile app, Fidelity Trader+ Web/Desktop/Mobile mode, and legacy Active Trader Pro Classic. Source |
| Account types | Individual, joint, minor, company, trust, SMSF; supported for advisers and financial professionals Source | Broad account menu including taxable brokerage, retirement/IRA, cash management, HSA, custodial/youth, education, trust/business, managed and crypto accounts. Source |
| Deposit methods | EFT, BPAY, and Osko-enabled bank transfers Source | EFT/ACH, bank wire, check/mobile check, direct deposit, recurring deposit, Fidelity-to-Fidelity/account transfer, transfer of assets, and eligible payment apps. Source |
| Withdrawal methods | Withdraw AUD cash to nominated bank account; international cash must be converted back to AUD first Source | EFT/ACH, bank wire, paper check, Fidelity-to-Fidelity transfers, third-party/person-to-person transfers and eligible debit card/ATM access. Source |
| Withdrawal processing time | Next business day before 2pm cut-off; withdrawals are not instant and take 1-2 business days Source | EFT withdrawals 1-3 business days; bank wire same day if submitted by 4 p.m. ET; paper check about 5-6 days. Source |
BrokerVS provides broker comparison research only. Scores and evidence can vary by country, account type, and legal entity; users should verify source links before opening an account.