What Account Types and Fees Does Fidelity Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Personal Investors |
Individuals managing their own investments |
Diverse investment options, including mutual funds |
Minimum deposit of HK$1,000/month for investment plans |
| MPF / ORSO Accounts |
Employees and employers under Hong Kong retirement schemes |
Retirement-focused accounts with tailored solutions |
Eligibility based on employment status |
| Intermediaries |
Advisers, wealth managers, financial consultants |
Access to a wide range of investment products |
Requires proof of intermediary status |
| Institutional Investors |
Institutions such as pensions, corporates, and family offices |
Customized investment solutions for large-scale investments |
Documentation required for corporate accounts |
Account Opening Process
To open an account with Fidelity, potential clients must follow several steps. Initially, they need to provide personal information, which includes details such as name, contact information, and date of birth. Next, applicants will be required to submit employment information, including their job title and employer’s name. Financial information, such as annual income and net worth, must also be shared to assess suitability for various investment products. Additionally, identity verification is mandatory, requiring a government-issued ID and proof of address. Fidelity offers flexibility in its account structure, allowing users to upgrade to a professional account if their trading activity and experience increase over time.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive rates for GBP pairs |
| CFDs (Stocks) |
0.1% |
$5 per trade |
Varies based on stock selection |
| CFDs (Indices) |
0.3% |
$5 per trade |
Standard market rates apply |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market volatility |
Other Fees
Fidelity has several additional fees that clients should be aware of. There are no deposit or withdrawal fees for standard methods, but bank or intermediary charges may apply. Inactivity fees are typically assessed if an account remains dormant for an extended period. Additionally, platform usage fees may apply for advanced trading tools. Overnight interest, known as swap rates, is incurred for positions held overnight. Lastly, currency conversion fees may apply for trades involving different currencies.
