Fidelity Account Customer Agreement: What You Need to Know
Opening a Fidelity account is a great way to invest your money and grow your wealth over time. However, before you do so, it`s important to understand the terms and conditions contained in the Fidelity account customer agreement.
The agreement outlines the responsibilities of both Fidelity and the account holder. It covers everything from fees and charges to account restrictions and investment options. Here are some key points to keep in mind:
Fees and charges
Fidelity charges various fees and commissions for its services, including account maintenance fees, transaction fees, and advisory fees. It`s important to understand these fees and how they may affect your returns. Be sure to read the fee disclosure information provided in the customer agreement.
Account restrictions
Fidelity has certain restrictions in place to protect both the company and the customer. For example, there are minimum investment requirements for certain funds and securities. Additionally, Fidelity may restrict certain types of trading, such as short selling and options trading, based on the customer`s experience and account balance.
Investment options
Fidelity offers a wide range of investment options, from stocks and bonds to mutual funds and exchange-traded funds (ETFs). However, some of these options may not be available to all customers or may require additional paperwork and fees. The customer agreement provides details on each investment option and any restrictions that may apply.
Privacy and security
Fidelity takes the privacy and security of its customers seriously. The customer agreement outlines Fidelity`s policies and procedures for protecting personal information and guarding against fraud. This includes provisions for password protection, account alerts, and fraud monitoring.
By understanding the terms and conditions in the Fidelity account customer agreement, you can make informed decisions about your investments and avoid surprises down the road. Be sure to read the agreement carefully and reach out to Fidelity with any questions or concerns you may have. With the right information and guidance, you can achieve your financial goals and take control of your future.