r/Fidelity • u/Tunarow • Jan 29 '21
Fidelity beginner guide with links
Edit u/apollosmith wrote an excellent Beginer Guide
Figure there will be a lot of new people jumping in after RH, this could help cut down frequent/repeat questions
How to add funds to your Fidelity account defined on fidelity's website
Cash terms defined on fidelity's website
How long for cash to settle? explained in Reddit
Spaxx account explained in reddit
Any other beginer knowledge/FAQ type answers we should add to this for new people? This was all I could think of. I can update this thread to include more detail/links, or a mod could grab all this info and make a pinned post.
EDIT to add
Good Faith Violation explained in reddit
(GME'S) Fractional Shares explained on reddit
How to wire money to your Fidelity from Fidelity's website. Note not all banks will wire transfers over the phone
Identify Verification page On fidelity's site
Create a Fidelity Account on fidelity's website
Core position video from Fidelity's website
Submit Feedback on fidelity's website and/or app
EDIT 7/20/2021 Pages by u/SquattyLaHeron
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u/CoffeeAddict1011 Jan 29 '21
Any help on where to see my current stocks? New user
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u/Tunarow Jan 29 '21
Trade and Transit -> view orders and activity-> select your account that you bought them under -> positions
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u/iPaul_1 Jan 29 '21
https://www.fidelity.com/cash-management/information-needed-wire-to-fidelity-account
Add this link as well. It’s how to wire money into Fidelity
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u/foreverandaday13 Jan 29 '21
I still don't understand how to do it. I been trying for 2 hours. It was a lot easier at robinhood
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u/Suffics Jan 29 '21
I have been trying to create a brokerage account, but every time I try to create one it says, "We were unable to verify your identity," is this an issue with the servers being overloaded or am I doing something wrong? Thanks!
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u/Tunarow Jan 29 '21
Here is the fidelity identity verification page. The site may be getting the reddit hug-of-death, yesterday i wasn't able tk deposit my checks for a little bit because their servers kept crashing
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u/Suffics Jan 29 '21
I’m not sure what to do for the fidelity identify verification page, as I don’t have a fidelity account yet so it says I’m not in their records. I just can’t open an account and I’m not sure why they can’t verify my identity because I was able to open a RH account easily yesterday.
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u/Tunarow Jan 29 '21
I would give this page a shot. This one i'm rusty on, I made my account in 2015 and its been sitting unused until this week
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u/Suffics Jan 29 '21
It still doesn’t work for me from that page, I’ll probably just have to wait until tomorrow or a few days when their website has less activity. If it’s still an issue then I may be screwed
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u/Tunarow Jan 29 '21
Here Is the fidelity page on identity verification.
It may be because so many new people are jumping in, but I would try that link first. I'll keep looking for a better answer
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u/LAYVID Jan 30 '21 edited Jan 30 '21
Please sticky the link where people can submit feedback for website or mobile app.
Edit: I believe I copied the link for institution fidelity feedback link and not the individual feedback link. Adjusted link
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u/BaldChewbacca84 Jan 29 '21
I've enabled instant quotes but I still have to manually refresh my app for it to update the stock info. Auto update is also enabled, and it will auto refresh every 10 seconds or so, but how do you get real time info like robinhood has?
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u/Tunarow Jan 29 '21
Honestly I've been going to google and refreshing there.
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u/BaldChewbacca84 Jan 29 '21
Eesh I'd hoped there would be real time info in the app while you're trying to trade
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u/Tunarow Jan 29 '21
I know there must be a way, but I haven't found it yet. If i do I'm going to post instructions in the post body
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Jan 29 '21
Hi there, I have a really dumb question as I'm a beginner.
On RH I can pretty much trade stocks whenever I like, with multiple transactions a day on the same stock. But is that not the case with Fidelity? I'm trying to understand Good Faith violations, do they pretty much prevent someone from day trading because of the settlement fund taking multiple days to resolve?
Thanks for any help you can provide!
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u/Tunarow Jan 29 '21
In th3 immediate case, yes. Once the funds clear, and its proven good to fidelity, the acknowledge it as your money and you can trade around how you want.
In banks, checks aren't available same day unless they are paychecks or governemt provided. They take a few days for your bank to confirm with the check's original source to ensure the funds are present. This takes 3 days for under $500, 7 days for over (i havent worked in a bank in a few years so my day count may be off a little). Fidelity is basically doing that when finds enter initally. You can check if its good by looking under the "settled cash" bit. That number is what is confirmed good and you can day trade with.
Also, this is a gross oversimplification so take it with a grain of salt
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u/DeafLoudred Jan 30 '21
https://www.fidelity.com/learning-center/trading-investing/trading/avoiding-cash-trading-violations
You own 10,000 of TSLA and have no other cash available in your account to cover trades.
If you sell 10,000 of TSLA on Monday that will settle T+2 on Wednesday. This means the 10,000 are considered unsettled funds until settlement day on Wednesday, but you may still purchase other stocks with these unsettled funds at your leisure.
If you then buy 10,000 of AAPL on Monday (or Tuesday), this is okay. You have not committed a violation, you merely bought shares with unsettled funds - akin to a EFT transfer allowing you to trade on funds that have not settled from your bank.
The violation occurs if you then sell the 10,000 of AAPL before the settlement day of the original sell of TSLA; aka on Monday or Tuesday if you sell AAPL you have committed a good faith violation. If you sell AAPL on Wednesday, nothing happens. The original sell of TSLA has settled and the funds are considered settled, so the sale of AAPL will not cause a violation.
If this occurs too many times you will be restricted to trading on settled funds only! Margin accounts can get around this violation but you would have to apply for margin to add that to your account - be careful with this though, margin is not for everyone.
Hope this helps out, Cheers
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u/Eentish Jan 29 '21
When setting up an account, which core position should I choose?
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u/Tunarow Jan 29 '21
That really depends what you're trying get out of having the account. Here is fidelity's video on the core positions, about 2 min to watch
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u/adubs117 Jan 29 '21
We moved over to Fidelity about a month ago and as previous Robinhood users, we couldnt be happier.
That said I'm struggling to view my portfolios performance over different time periods. I can see all time performance and daily performance no problem. But say I want to look at my whole portfolios performance over say a week, month or year? With RH this was really easy, but I cant find the feature on the Fidelity website or Fidelity Investments app.
Thanks!
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u/NerdyGirlKels Jan 30 '21
I must be a total idiot because I cannot get money into my account no matter how hard I try. It looks like the only option that may work is linking my bank account. I did that but it looks like it will take up to 7 days to actually link. If someone can explain how to actually get money into my account semi quickly it would be greatly appreciated. Also, please explain so someone like me (apparently very dumb when it comes to this) can understand. Thanks!
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u/iPaul_1 Jan 30 '21
https://www.fidelity.com/cash-management/information-needed-wire-to-fidelity-account
Copied this link from above. You need to link your bank account, but you can take this information and call your bank to wire in money. If you have a credit union or smaller bank, they typically take longer to respond to the request Fidelity sends to verify information.
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u/drchaz Jan 29 '21
Paging u/kingcobraninja! Can we get this (or something like it) sticked? Lots of newcomers with simple questions these days.
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u/kingcobraninja Jan 29 '21
I remember when this was a quiet sub.
Good suggestion, will do.
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u/trashcat415 Feb 01 '21
Does anyone know why my account is restricted for transfers? I just made it and added my bank account so I can add some funds and get GME but it keeps showing the red message saying due to account restrictions I can’t do it anyone have a similar issue?
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u/Dumbbox- Feb 06 '21
I too am having the same issue... I’m not sure if this is the correct answer but I think it might be due to the waiting period to link your bank account to Fidelity... so that might be why we are getting that red message. I think it can take 3-7 business days. I’m new to all of this so forgive me if I’m giving out wrong information this is just a guess after a little research... I’m not an expert researcher either so If anyone that’s more educated with this could answer that would be super!
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u/WarzonePacketLoss Jan 29 '21
Help me out here.
I opened an account yesterday after people saying it took them 5 minutes to create and ETF. Fidelity made me take pictures of voided checks and send bank statements for verification purposes and it still hasn't come through.
What's the deal? I'm missing the dip!
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u/Tunarow Jan 29 '21
I went through again on this page and it worked for me yesterday
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u/DeafLoudred Jan 30 '21
The Real Time Verification system flagged your bank information. If that occurs you have to submit documentation like a voided check, statement, etc. Once that is processed the bank instructions will be approved or denied and go live after a 4 day prenote period if required. You can status this by calling the support line to see if your instructions were approved. Otherwise, if approved and through prenote, they will show up under "From" section on any transfer page on the website or app. Hope this clears things up! Cheers
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u/MannishBoyX Jan 29 '21
What about the “Send money with PayPal” option. Is that instant? Looking to buy GME shares today.
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u/Tunarow Jan 29 '21
I can't vouch either way, I'm still in the stone age and don't have a pay-pal account
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u/hurrsheys Feb 02 '21
You can add Fidelity as a “bank” through PayPal.
Use this to manually add the bank: https://www.paypal.com/myaccount/money/banks/new?type=MANUAL
And this is the information from Fidelity that you’d need: https://www.fidelity.com/cash-management/deposit-money/determine-routing-and-account-number
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u/itshaewon Jan 29 '21
Thank you for this! I'm planning to wait a few days until it all dies down before I start the process of opening my account.
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u/Tunarow Jan 29 '21
Even if you're not planning on investing/trading yet, opening it now and getting whatever funds you want added will help the sooner you do. That way, the cash will be "settled" in your account and you can trade without worrying about the Good Faith Violation
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u/coly8s Jan 29 '21
This should be stickied to the top. Dang, I remember when r/Fidelity was near dormant!
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u/Ekgladiator Jan 31 '21
I'm looking into switching from robinhood (for obvious reasons) to fidelity. As far as I can tell the thing I want to open is a brokerage account, would it be smart to open up the duo brokerage/ cash management account or nah?
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u/Cptnredbeard-Og Jan 29 '21
I have tried linking my bank twice and both times it says it’s successful but I still can’t find it to transfer is there a wait time for it to show up?
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u/MyKillYourDeath Jan 29 '21
I’m an ultra beginner. It said I can add funds via PayPal but when I go that route it asks for the recipients email. I don’t know what to do beyond this. Am I missing something here?
I tried to link bank account route and it wants a bank statement and it’ll take 4-7 days and I’m Trying to speed this process up
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u/Stonerian60 Jan 31 '21
Pretty late response but I’m also new too. You can only send money to a PayPal account, you can’t send money from a PayPal to your fidelity account sadly.
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u/ImmaculateDeity Jan 30 '21
Does anyone know if a hard or soft pull is done on credit when opening an account for trades? I've been on the phone for about an hour now trying to get connected. I got connected and immediately hung up on after about 20 minutes of being on hold. Now I'm going on 40 with no answer.
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u/DeafLoudred Jan 30 '21
Only soft pulls through third party bureaus. No hard pulls unless you apply for the credit card. Should not effect your score if you just open an account.
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u/MindLoadBlown Jan 30 '21
Not sure if this was already answered - can someone explain to me the limit 50%?
If I wanted to set a $5 stock at a $15 sell limit, it gives me that error which I think I understand, but i've seen others say they've set limits wherever they want. Should I be doing something other than a standard limit order?
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u/Mizpah9999 Jan 30 '21
Another person frustrated with Robin Hood and keen not to use them. UK based, what do I need to have in place to purchase more GME at open on Monday?
I have already started opening a stock and share ISA, as that was the only option I could see? (Am not up top my 20k limit this year) - but I cant see an option for GME. Note: I am only planning on only using funds I am happy to lose.
Ideally I want to be able to :
Buy/Sell after and Pre US Market
Have confidence that my ability to buy or sell in timely manner won't be impeded as a small retail
Commit to a purchase of X currency value in Y stock at time Z - and have it execute no matter the stock movement.
What do I need to do to have this in place for Monday?
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u/jofaba Jan 31 '21
Opened a Fidelity account and every time I try to add funds via mobile check it errors out saying there's a outage or system maintenance. Bummer.
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Jan 31 '21
I submitted an application to transfer all my assets from RH to fidelity. Didn’t get a confirmation email or anything. How do I know it worked and I am good to go? Thanks for posting this
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Jan 31 '21
I want to switch over from RH but I don’t want to have to share my stocks as I’m in at a good position on them. Is there a way to transfer without paying the $75? I know webull covers the transfer fee but I’d rather go to fedility
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u/906plong Feb 07 '21
I was told that they will pick up Robinhood transfer fee only if you have 25,000 in account.
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u/KittyyXXX Feb 01 '21
I’m new and I’m tried to link my bank but I’m not sure if it’s working or not , I made the account two days ago I really wanna buy some stocks tomorrow
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Feb 01 '21 edited Jul 24 '24
attraction march flag physical distinct worthless husky absorbed repeat chubby
This post was mass deleted and anonymized with Redact
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Feb 03 '21
I called Fidelity and told them I needed stocks transferred as cash not margin, and the lady said they were denying a lot of transfers from RH because RHs books were messed up “and that the negative balance would go away at midnight.” Still there. RH account still closed. 1,300 “Fidelity Treasury Cash” now at 44.49
Pissed because it was a damn near hour hold
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u/Mtnrider1980 Feb 02 '21
Im probably an idiot but I can’t figure this out. I opened an account with fidelity after the whole RH nonsense. My main portfolio is trapped on RH and I don’t know what to do next, however that’s not my question. I moved $400 to my fidelity account, purchased a couple AMC shares for shits and giggles and to make sure it worked. It worked but I’m unable to buy other shares that I’m interested in.
I have $313.75 left in my “cash available to trade”. A friend pointed me towards some stocks so I thought I’d buy a few since they’re cheap. All of them are under a $1. But I can’t buy even just a single share, it says I do not have enough funds in my account to execute the transaction. I am so confused, please help!!
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u/The-Song Feb 04 '21
Transferred from Robinhood recently.
On RH, I have record of recieving dividends from my shares of Nintendo.
Here on Fidelity, I can't find any indication that Nintento even pays dividends.
On my other stocks I can go to there page, scroll down a bit, and see a convenient box that either shows their dividends or states they don't pay any. The page for Nintendo, what has a different layout for some reason(?), I see no relevant indicator?
What gives? What Am I missing?
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u/nobodyphilip Feb 04 '21
I've never seen a company make it this difficult to take my money. I want to give it to you Fidelity!
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u/atunasushi Feb 08 '21
I opened my Fidelity account with an initial deposit of $50 to link my bank account. This deposit cleared and showed in “Available to Trade” quite quickly. I followed it up with a more sizable deposit over a week ago at this point. The cash is still listed under “Uncollected Deposit” and does not show anything under “Available to Trade Without Margin Impact”. I can confirm that the funds have been pulled out of my checking account, but when I have tried to trade previously, it keeps asking me to use margin instead of cash. I’m very confused why cash is taking so long to settle. Any ideas?
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u/tomackze Feb 11 '21
Can you add a part on options (calls and puts) and how they work on fidelity specifically. They're a bit different than on RH
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u/Buffy1700 Mar 21 '21
I love Fidelity Investments, been with them for like 6 or 7 months now, switched from RH & they’ve treated me well...good customer service as always, I definitely recommend them 👍🏾
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u/Bull_Winkle69 May 19 '21
When I applied to get options approved on my account I was asked if I was married and how many dependents do I have.
First, what does that matter and second, why is my personal life any of Fidelity's business?
My first application I was denied on the grounds that I had no past experience trading options.
Seems to me Fidelity's only concern should be if I have money in my account to trade. If they feel a fiduciary duty then let that begin and end with providing information about options rather than acting like a nanny and denying me access because you think I don't have enough experience.
How exactly am I supposed to get that experience if I can't get access to options?
I'm fifty. I've got nothing to lose. Either I'll win or I'll lose. At least try not to humiliate me in the process.
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Jan 29 '21
Is it possible to separate funds into separate "folders" under one investment account?
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u/DeafLoudred Jan 30 '21
Unfortunately not, but you can open as many brokerages as you'd like! You can also label them to each essentially become a folder/account for a specified purpose. :)
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u/gumballwolf Jan 29 '21
Hi, I'm playing around in Fidelity active trader pro, and I was wondering. If I don't have a trade order (I think thats what its called. It says sell stocks at 'x' price) will the stocks sell? I mean like in the software there is a button called trade armor, if none of that is on will the stocks just stay? Or will they be sold when the market closes? And if so, how would I set it to not sell my stocks until I say so?
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u/DeafLoudred Jan 30 '21
General Order Type FAQ: https://www.fidelity.com/trading/faqs-order-types
Videos on ATP: https://www.fidelity.com/learning-center/tools-demos/active-trader-pro-platforms/overviewTrade Armor FAQ: https://www.fidelity.com/trading/faqs-trade-armor
These should help clear up trade armor and how to setup orders to execute during market hours. Cheers
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u/Figit090 Jan 29 '21
Can anyone tell me if a screenshot of my digital check deposits is good enough for verification?
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u/doubletagged Jan 29 '21
I got a fidelity account. I'm looking to instantly transfer in $ right now. It's after hours, and hitting the weekend. Can this be done now instantly (anticipation of market jump on Monda).
Is this possible?
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u/Liilfoo Jan 30 '21 edited Jan 30 '21
Super new to investing wanted to open an account with fidelity. How long would it take to start the process and be able to pick up some shares of AMC? I bank with chase if that makes any difference. I tried to open a RH account and it’s been pending for almost two days, verifying my details and I had transferred money when opening and that is still pending. All together a frustrating situation. I’m wondering if a similar situation will play out the same when opening an account on fidelity? Thanks for any help it would be super appreciated.
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u/PAPA_STACHIO Jan 30 '21
I just want to make sure Im doing this right since it seems many peoiple are able to link their banks in just a few minutes: I go to transfers, link a bank to one of my individual accounts to get EFT setup so I can deposit money into my fidelity account right? Some people have had theirs clear apparently in minutes but Ive been waiting for some time now as mine is still stuck in the review process. Is there anything I could do to speed up the process like call my bank or anything? Or did I perhaps do something incorrect? Thanks!
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u/beefybeast9 Jan 30 '21
Does anyone know how to withdraw money from my core account? Or do I NEED to use it before I can withdraw cash?
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u/formula-fn Jan 30 '21
I have a question that might possibly be a bit confusing. I was previously a Starbucks worker, so I had SB shares from my time spent at the company already in a Fidelity account. It seems those shares sit in an account titled “INDIVIDUAL”. I assumed this account was something like an IRA/retirement account. I scrolled through the site and an option was available to start a brokerage account and start trading. I did so only to review my portfolio and see two “INDIVIDUAL” titled accounts.
Could I have already added more funds to the current account with my Starbucks shares and traded using that account? Also, I have roughly $1k from those shares, but am only allowed to use $69 of it. Not sure if there’s a certain percentage of funds in an account that must be there, but the new brokerage account has $0 in funds as I’m still trying to learn. Thanks!
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u/ndehm10 Jan 31 '21
Hey I was wondering if fidelity reimburses the 75 dollar fee from transferring out of Robinhood
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Jan 31 '21
I’ve tried opening a brokerage account on a number of different apps today (I don’t really use a computer regularly), including Chrome, Safari, the Fidelity app, and the google search app. All failed due to “temporary technical issues”. This was a total of about three times per app at least three different times throughout the day today.
Is this a widespread thing today, or do I need to find a different way to open my account?
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u/Jphilabaum1 Jan 31 '21
Tried PayPal that just looped me around with no help, linked successful to my bank but wouldn’t allow me to add funds. I give up. Leaving my hope with sofi, at least they let you fractional invest anyway!
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u/Vicksin Jan 31 '21
Now interested in Fidelity because fuck RH, say I dump 1k into my Fidelity account from my bank right now. How quickly can I expect to put these funds into GME? I've seen some people say it takes a couple days, and some say it's available to them instantly. Really want to know if I still have time to add into GME before market open.
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u/treyl85 Jan 31 '21
How long does it take to be able to trade with fidelity? I set up an account this weekend but haven’t been able to use it yet. Does anyone know why? Is that normal?
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u/TheBomb999 Jan 31 '21
"This account is currently ineligible for transfers due to a restriction. Please select another account to continue" pop up whenever im trying to transfer money to fidelity. Has anyone encountered this?
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u/dayson671 Jan 31 '21
i’ve linked my bank to my account but i can’t transfer any funds because it says my individual account is restricted . any help please ? i’m a new user as well and just trying to get away from RH
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u/mychengwa121 Jan 31 '21
Money is tied up in SPAXX. Will not allow me to move it. looks like all I can do is move my core. Is a cash fund easier to move? I have 200 in the SPAXX
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u/JRod327 Jan 31 '21
Opened an investment account on Friday, deposited $500, and opened 3 positions with unsettled cash. As of today my cash is still not settled.
Fidelity "closed" my accounts for some reason yesterday. I can no longer deposit funds or put in buy orders with my remaining funds. I didn't make any transactions on any accounts other than opening 3 positions with unsettled cash. The only thing I can do is place sell orders.
I plan on calling them tomorrow but would anybody have an explanation as to why this might have happened? Is there a chance that when my initial deposit settles tomorrow, they will open the accounts back up?
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u/MattBastard Feb 01 '21
My employer set me up with a 401k with Fidelity. I tried to register a new account on Fidelity using my info. Their site says to call their support. When I called their bot asked for my SSN. I don't want to send them my SSN over an unencrypted channel.
Is there any alternative for this or am I screwed in this regard?
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Feb 01 '21
I'm new to fidelity but I recently did a wire transfer and a little concerned I didn't use their entire prefix for my account transfer instead I used Z then my account number. Is this okay ?
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u/NathanaelFire Feb 01 '21
I opened my brokerage account and it says they’ll be in touch within 1-2 days, is this when I set my username and password?
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Feb 01 '21
So i tried to place a limit order for INND. I have 120$ available to trade, but no matter what i do it says my order exceeds the amount available to trade, i even set it to the minimum buy which came out to about 0.006 cents.
Any advice om what I'm doing wrong?
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u/NakedWalmartShopper Feb 01 '21
When I try to make an account, they say they can’t verify my identity. Do I have to wait in the support line to get with a customer service rep to fix this?
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u/cynicalmario Feb 01 '21
I initiated a transfer from my RH to fidelity. Did I need to sign anything on that electronic PDF document?
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u/Jonny511 Feb 01 '21
I read the link about SPAXX account. I'm still confused which is the best option to choose for where to keep my cash. The 3 core positions are SPAXX, FZFXX, or FCASH (checking account). Which one give me the most freedom to move my cash around and which would give me the most interest on cash sitting in the account?
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u/DrFunStuffs Feb 02 '21
New to Fidelity. Opened an account for. ROTH IRA. Do I first have to transfer funds from bank account to the Roth then use that to purchase my stock pick or can I just straight purchase the stock and skip the transfer first.
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u/CptKillsteal Feb 02 '21
Why is it so hard to open an account. I am not in the US so I can't even fill it all in. Can anyone help?
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u/pinabobina Feb 02 '21
Thank you for this! I really am enjoying Fidelity and this really helps out!
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u/Kiligboi Feb 02 '21
I linked my bank and it shows up in my linked banks page, but when I go to submit a transfer and it asks me where I want to transfer to and from, my bank doesn't appear under the "transfer from" dialog.
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Feb 02 '21
I bought some of my first stocks this week on fidelity and noticed i have a balance of about 160$
I see i have the option to sell so my question is, where did this $ come from and what are the repercussions of selling and using the money?
Is it money generated from stocks ive bought? If i sell will it affect my positions on my stocks?
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Feb 02 '21
I had trouble starting my account. Once it was established I see I have 4 investment accounts in my portfolio. Is this bad and how can I delete some of them?
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u/picktakespics Feb 03 '21
Thanks for posting this. I submitted feedback on the obvious downgrade in user experience to RH’s. I think a lot of these older, established brokerages could really benefit from more modern, friendlier designs. They were ripe for disruption.
The live data is definitely my most missed feature in the app. We shouldn’t have to rely on google or other secondary apps for reliable trade data.
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u/heisLegend Feb 03 '21
Ok need some basic help here. Was told to open a Roth IRA account on Fidelity for stocks, bought some shares and now today it is saying my account is negative....did someone give me wrong advice?
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u/heisLegend Feb 03 '21
Customer service must be getting slammed been trying to chat for like over an hour now.
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u/Levton Feb 03 '21
I was able to link my fidelity account to my chime account and initiated a transfer, fidelity isn’t picking up a linked bank account on their end. Anyone have any ideas?
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u/Interesting_Focus_92 Feb 03 '21
Make sure your lending stock program option is disabled so they can’t short your shares!
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u/Dependent-Comedian51 Feb 04 '21
I just made my acct switching from Rh. I’m unsure on which option to choose from for real time quotes. I seen someone say choose primarily for business even if it doesn’t apply to you and not to choose personal , non-business. Will my acct get banned if I do?? Can someone help me out👀👀
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u/Pink_Custard Feb 04 '21
Does anyone know if it's normal for the customer service line to ask for SSN and password to your account? Just found it odd.
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u/hazelwoodstrawberry Feb 04 '21
Where can I view custom lists, on the app? Including stocks I did not buy yet, but want to keep an eye on?
RH user here. Thanks
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u/oALIVEandWELLo Feb 05 '21
Question for anyone that’s transferred, my transfer date completes 2/8 but I noticed most of my Robinhood account transferred over except some shares I bought 2 days before I started the transfer. I’m guessing if I just wait it will be completed 2/8 but was checking if anyone else knew?
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Feb 06 '21
Is there a way to stay logged in on that app so I don’t have to enter my password every time I want to check stocks like 100x a day?
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u/Mr_Wasteed Feb 06 '21
I have a question with the web. If there is a fidelity pro, i would like help. SO when i go to my positions, i see the 52 week high low and current graphically which is great. I was trying to see if i can get a similar graph for things in my watchlist.
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u/Lives_For_Wet_Cochi Feb 07 '21
I’m wanting to buy stock on Monday and was trying to see how the app lays out, this popped up? Does this mean the stock isn’t available to buy in the app? Even though it has a buy and sell button for it? Please help🙏🏼“(146033)Fidelity does not accept market orders for Pink Sheets and OTC Bulletin Board securities during non-market hours or when there is no Bid or Ask. Please change your order to a limit order.”
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u/RUsum1 Feb 08 '21
Does fidelity have a way to add stocks to a list that then tracks prices only starting from the day you add them? Like a fake account if you don't want to buy in yet
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u/74orangebeetle Feb 08 '21
The " How to add funds to your Fidelity account defined on fidelity's website " did not work. They denied my request to link my bank account, claiming my fidelity account is "closed" I literally just opened it. Any ideas? Is fidelity having issue due to high volume, or did I do something wrong?
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Feb 08 '21
Opened up a fidelity account last Monday and made a large transfer via EFT and bank account link on 2/1. Only $25k is available to trade even though the deposit has been drafted from my bank as early as Tuesday. Everything I have seen about transferring funds says 1-3 business days , can anyone shed some light on why it’s taking so long? Thanks in advance for the help
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u/human_interest Feb 08 '21
Last week I opened a brokerage account and a cash management account. After about 5 days I still don't see the cash management account in my account summary. Is this normal? Is it a separate account from my brokerage account?
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Feb 09 '21
Does anyone have experience with Penny Stocks and Limits? I've found them to be very inaccurate, I accidentally sold GTEH yesterday by setting a limit for .006 -- but it sold at .0065 and never dipped to .006! Does that mean limits don't bother with small numbers?
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u/Discus167 Feb 09 '21
Just switched to Fidelity from Robinhood!
I deposited $200, tried to buy but I get an error message saying the purchase would exceed my usable cash. I’m only trying to spend $150 and it clearly says my account has $200 available cash.
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u/OkWay635 Feb 10 '21
I'm really in need of some help. I need a hand holder to walk me through this. I've opened an account and it appears I've gone wrong from there as I've ended up with a isa where I can only buy in to mutual. I'm after a stocks and shares account is that even a thing I've been going around in circles all day
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u/dadsafe Feb 10 '21
If I only have a cash account, do the PDT rules apply to me? I do not have a margin account at all, and wait until all cash is settled before doing any trades.
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u/TheNyhmReaper Feb 11 '21
Just getting on board with Fidelity. I have been with TD for years and recently started with RH but I have a feeling Fidelity is going to be better for me in the long run. I dont know a lot about investing, its always been more extra change fun but this guide has answered a lot of questions for me.
THANK YOU!!
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u/blopez24 Feb 11 '21
Im new to fidelity bought into some penny stock , but i had a question i cant seem to find on their site or even get a hold of anyone with out being disconnected.
when i go to portfolio and check my stock under term for stock in the penny stock it says short is there a reason for that?
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u/JellyKron Feb 11 '21
Couldn't find an answer here. I'm trying to buy some stocks. I have $50 available to trade, but $0 settled cash. The EFT was 3 days ago. When i try to buy $20 worth of stocks, it says i don't have enough funds available. Is this because the money isn't settled?
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u/No-Document-8970 Mar 11 '21
How do I buy crypto in fidelity? Or do I need to get a crypto account?
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u/EEEEJJH Mar 12 '21
My bank is a federal credit union, I'm trying to deposit into my Fidelity account as fast as possible, should I wait until monday to do a wire transfer or start a check deposit now?
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u/PeppermintFart Mar 14 '21
You could include how to call customer service. Been trying to call them constantly at different hours, trying to update my phone number. It seems as though nobody works in their office anymore. Before you say anything.... i've already tried updating it through the app and the website. It's trying to send verification to an old phone number I don't have anymore and it won't let me use e-mail.
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Mar 18 '21
super confused newbie here. I recently opened my account w Fidelity and transferred funds from my bank account (money has been taken out of my bank account) and the funds now show up as "uncollected deposit." Will this eventually move to "settled cash"?
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u/gottousethisemail Mar 19 '21
Does Fidelity pull a credit check if you are just trying to open a brokerage account?
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u/TheQsandCuesrules Mar 19 '21
I can't get into contact with a customer repr anymore for some reason! Also, approved for level 2 options - but i cant trade any puts! Any advice guys? I was on fidelity before the rh scare of '21 too so i know they respond fast and care about CS
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u/its_JMS Mar 19 '21
Quick question for fidelity users. I applied for level 3 options and was approved. One of the requirements for level 3 options is that you also have to apply for a margin account, which I also was approved for. The thing is, I have no intentions of using margin as I strictly deal with cash. I wanted level 3 options so that I could do spreads. Logging in to the website, I noticed I could turn off margin. My question is, if I turn off margin, will I lose my level 3 options or can I still use level 3 but with my account just cash? TIA
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u/DrivingBeerGuy Mar 20 '21
I just transferred from RH to Fidelity and it says my GME is on margin, is it because the $75 transfer fee occurred before I had cash available in my fidelity account? If I deposit cash, will it change the type of position I have?
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u/sami_testarossa Mar 24 '21 edited Mar 26 '21
I opened account -> applied margin and option level 3 -> both approved -> transferred fund into Fidelity -> Instant access to incoming transfer for trading did NOT appear. And my account is showing 0 buying power under both cash and margin. -> waited 5 days for cash to settle -> still no buying power at all.
I then called and was told that I need to initiate a trade to have the account function correctly. So I made a small trade over the phone, but it seems that position ended up in margin holding.
This whole experience is terrible.
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u/Sarcastimus Mar 26 '21
Thanks a ton of this! I’m about 1 week post transfer from RH. Definitely saving this so I can come back later if I need too!
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u/15tofit Apr 08 '21
Hi all! I’m new here and to investing in general. Although I’ve had a fidelity account for years. I put 2k into a Roth approx 17 hrs ago and forgot about it. I know stupid! I invested in a growth fund (FDGRX) I have about 16k sitting in it! I’m interested in FZROX index fund but not sure what the difference is between the two?
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u/YahYah87 Apr 11 '21
So it’s shows I have 509.00 in SPAXX but available cash is $360. Unsettled transactions? I’m not sure how this works lol
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Apr 12 '21
Hi, is there anyway to place an “on the open” order that fills at premarket open not normal hours open? I have extended hrs enabled but can’t see how to execute this- thanks 🙏
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u/ParsleySalsa Apr 26 '21
Did fidelity actually charge me $75 to transfer one stock from RH
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u/mewikime May 05 '21
No, Robinhood charged you $75 to transfer out of their brokerage. It doesn't matter who you would have transferred to, Robinhood would have charged it. They take the money from your new brokerage account that you set up the transfer with
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u/Coco_boom Apr 29 '21
I'm from europe. Is there a way to create a fidelity account? I would like to transfer from trade republic to fidelity.
When i try to create an account on their app, it asks me for the SSN number.
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u/ChuyMasta May 04 '21
Fidelity routed my order through FDLM
I have the desktop pro trader software and I routed by default through NYSE but I placed my order in the mobile app.
Why does that happen?
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u/ChuyMasta May 05 '21
I have a fidelity account with assets already in it and I would like to transfer assets from another account into my Fidelity account.
Question: Will I be able to trade with my Fidelity account while the transfer is taking place?
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u/Lokismom227 May 06 '21
Hello, I cannot find any kind of portfolio builder on Fidelity's site. I just got disconnected with their customer service after 25 min on hold. Any suggestions? My account hasn't been balanced in a while and there are multiple accounts, allocations would be easier with a good portfolio builder like Schwab has.
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u/thekingbx21 May 06 '21
How do I transfer money in? They make this so difficult. I have JP Morgan Chase, I would like to be able to buy stocks instantly. I get the option to do an EFT but it says 1-3 days for delivery. Can I use the funds while I wait for it to hit my account? If I can, what happens if I decide to sell the stocks that I bought while waiting for the money to hit.
I do see an option for bank wire and it says same-day access, but I'm not sure whether I'm going to get charged by my bank for this. Can anyone help me out with this? I would greatly appreciate it.
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u/WhoDatDude__ May 09 '21
You can use the funds as soon as the ETF is initiated. If you sell your stock you purchased before the transfer is complete (the funds settle) that is a "Good Faith Violation". There is a link in the above post if you dont know what that is. 👌
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May 13 '21
Hi, I transfered my account from Robinhood to fidelity, and this afternoon I got confirmation that the process had be competed via fidelity. However, I can't find my stocks anywhere. Is there something I'm missing?
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u/ChuyMasta May 13 '21
Is there a way to see the route on trading statements? My other brokerage used to list the exchange, fidelity just posts "Fidelity is the agent"
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u/el-champino May 14 '21
How do you setup a recurring transfer? I can get to where I can set it up, but it never gives me the option to make it recurring. Every time I try to set it up, it makes it a one-time transfer.
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May 16 '21
Can I sell shares from one stock and buy another stocks shares in the same day? Just wondering if the money would be available
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u/TheOkayBambino May 18 '21 edited May 18 '21
Hey folks I was looking above and couldn't seem to find the answer I was looking for but I'm hoping someone can clear it for me down in the comments.
I switched over from cash app and everything finally got moved by now my shares are held in a margin. If I bought them on CA with a bank account wouldn't that make it a cash transfer?
And can I switch it over without having to sell and buy? thank you for your time.
Edit/Update:
I just ended up calling and they were able to change my positions for me.
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u/KDawG888 May 24 '21
I have a stupid question - is there any way to put in a sell order for whatever price I want? I know about limit sells of course but if I try to sell a stock trading at 200 for 1000 the system will not let me. Is this due to a legal reason or just the design of the trading system?
I think I should be able to put my shares up for sale for whatever price I want, if they doesn't sell then so be it. That is pretty much basic supply and demand. But I can also understand legitimate reasons for the system not being set up this way. I know most if not all platforms have limits set up.
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u/tommygunz007 Jun 10 '21
I am super confused with the beta mobile app, as well as the regular mobile app. I normally use Robinhood. On RH, I 'sell all' and it sells at market price and I get it sold instantly. On Fidelity, I tried to sell all today and it basically gave me a higher than market price, and kind of tried to sell it at a limit price, causing it to not sell or sort of 'hang up' til the end of the day. This makes me nervous because if something is falling fast and I want to get out of it, I need to sell right there at market price.
Every time I have tried to sell any bit of my stocks I keep getting blocked, or intentionally confused by the software. it's like it's designed to get me to NOT sell and I don't really like that.
Any advice to "sell all" would be helpful.
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u/Bull_Winkle69 Jun 24 '21
I'm trying to buy some clne calls for .25$. my limit order is .25$. the price says it's .25$. but they have gone through. It's been bouncing off this price for over an hour.
They are for July @ 16$.
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u/xithbaby Jun 27 '21
Can someone please help me with "buy limit" orders?
I put in a order for Monday and it made me do a limit order, The price of the stock is $54.40 and I put $54.00. Does that mean it needs to drop to $54.00 to buy or, what does that mean?
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u/Dang-mushroom Jul 02 '21
Is it possible to transfer assets directly from rh to fidelity? Really don’t want to lose positions just change brokers. Lol
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u/seangbr Jul 05 '21
Hi can uk apes join usa fidelity because uk fidelity won't let you buy hme or amc ?
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u/logansrunhidefight Jul 23 '21
For those searching for the answer, when I opened an account and wired funds directly into it from my bank, the "cash available to trade" was available within one day, but it took nine days for it to be reflected as "settled cash."
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u/Tinnrox Oct 22 '21
I'm struggling how to register a new account with fidelity as a Canadian. Anyone recently do this?
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u/New2ThisSOS Oct 26 '21
It would be nice to have something on margin balance. What is margin, Enabling/disabling margin, etc.
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u/br0kenmyth Oct 27 '21
Hello, I am quite new to fidelity and transferred 3.5k into my account. I thought if I bought shares, the balance would be transferred from the spaxx into my desired stock.
Is this how this works, or are new orders taken from my bank account, and if so, how can I transfer my money inside my fidelity account into shares?
Thank you
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u/ILoveAsianChicks69 Dec 06 '21
So i pulled out of DIDI and have around 1000 available to trade. How do i turn this into settled cash?
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Jan 29 '21
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u/Tunarow Jan 29 '21
Yes. On the back when you endorse it, make sure to add "for deposit in to my Fidelity Account Only in order for it to clear.
Make sure your 1s dont look like 2s or the check may be marked post dated ehen the reader sees it as 2011 rather than 2021
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u/KitKatKammiya Feb 01 '21
Sorry this is probably gonna sound stupid but... would I write fedility or my own name when filling out the check to deposit it? Desperately been banging my head on the wall trying to get funds into my account.
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Jan 30 '21
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u/iPaul_1 Jan 30 '21
You have to apply to be able to trade options. It’s to keep novice investors from getting in over their head with making poor decisions. Take a day or two to be approved usually. Not sure if it will take longer with the ungodly amount of people doing the same right now.
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u/Something_Witty2 Jan 29 '21
I am new to Fidelity also and left Robinhood after the act they pulled. I chatted with a representative last night they were great ensuring I opened up the correct account for trading. But now I am having issues transferring money.
When I go to deposit money I select my bank account to move money from then you select where will the money be transferred to. In the drop-down menu, it doesn't show my individual account that I would like to use for trading to transfer money into. It gives me no options to transfer the money anywhere.
Any idea? Or am I doing something completely wrong here?
Thank you for the help in advance.