How to Sign Up for a Fidelity Brokerage Account

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If you want to invest in stocks, options, ETFs, mutual funds, CDs, IPOs, and precious metals, you’ll first need a brokerage account.

There are many brokerages to choose from but in this article, you’ll learn how to sign up for a Fidelity brokerage account.

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What is Fidelity?

Fidelity is a US stockbroker, founded in 1946. It is one of the most well-rounded brokerages with no commissions on stock, ETF or options trades, and a selection of no-expense-ratio index funds.

First of all, your Profile

Let’s assume that:

you are a freelance writer
you are looking for low-fee investment funds
you are beginners in investment
you are looking for long-term investments

Based on this profile, here are 15 steps to create a brokerage account with Fidelity.

Step 1. Access to the Fidelity and click Open an Account.

Step 2. Select Brokerage Account.

Step 3. And, select Individual for account ownership.

Step 4. Now, Fidelity will ask you “Are you already Fidelity customer?” You are beginners in investment, so select No. After that fill your name and email.

Step 5. Fill your information.

Step 6. After you filled your information, Fidelity will ask you personal questions to verify your identity. Answer these questions too.

Step 7. The next page is Employment Information. You are a freelance writer, so type Self-Employed.

Step 8. On the page, you need to select Core Position. Core Position is like your wallet. You put money in it and buy or sell stock from there. You can change this setting later. For now, select FCASH.

Step 9. Review and Confirm your personal information in this page.

Step 10. Next is Agree to Term page. Read them.

Step 11. Now, your account is ready to fund. Go to the next page and set up a password.

Step 12. Setup your username and password.

Step 13. First, write down the account number. And then, select “set up a one-time transfer from a bank account.”

My mistake: I accidentally hit “Set up a recurring transfer from a bank account.” Set up a recurring transfer means you’ll put money into Fidelity account every month or once in while automatically.

That’s not a smart decision if you are a beginner and still learning about investing. Learn rule first. And put money in.

So, I hit the browser back button, and yes, page is gone.

I redo everything from the first and realized that I was making a 2nd account. Well, I don’t need two accounts. I contact Fidelity customer support and waited for 2 hours to solve this problem.

Don’t make the same mistake I did.

Step 14. Connect your bank account with the Fidelity account. You need the Routing Number and Account Number. You can find it on your check.

Step 15. It’s done! Now you have a Brokerage Account with Fidelity.

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