If you want to start investing in stocks, ETFs, and mutual funds, learning how to open a Fidelity Brokerage account is one of the easiest entry points. The process is beginner friendly, mostly done through the app, and can take just a few minutes if your information is ready.
This guide walks you through every step of how to open a Fidelity Brokerage account, from downloading the app to getting your account approved and ready to use.
Step 1: Download the Fidelity App
To begin the process to open a Fidelity Brokerage account, download the Fidelity mobile app on your phone. You can also use the desktop platform, but most beginners start with the app because it is simpler and more direct.
Once installed, open the app and tap the option to open a new account instead of logging in.
Step 2: Choose the Right Account Type
When you start to open a Fidelity Brokerage account, you will see several options.
The main ones include:
- General investing, which is the standard brokerage account
- Retirement accounts such as Traditional IRA or Roth IRA
- Crypto accounts for digital assets
- Custodial and education accounts for kids or college savings
For most beginners, general investing is the best choice. Select it and continue.
Step 3: Select Individual or Joint Account
As you continue to open a Fidelity Brokerage account, you will choose whether the account is for just you or shared.
- Individual account means only you own and control it
- Joint account means shared ownership, usually with a spouse or partner
Most users choose individual accounts when they first start.
Step 4: Enter Personal Information
To complete the process to open a Fidelity Brokerage account, you must enter accurate personal details.
This includes:
- Full legal name exactly as on your ID
- Mobile number and email address
- Current home address
Make sure everything matches your government identification. Even small mismatches can delay approval.
Step 5: Identity Verification and SSN
A required step when you open a Fidelity Brokerage account is identity verification.
You will be asked for:
- Social Security Number
- Date of birth
- Citizenship information
This is a legal requirement for all brokerages in the United States. It is used to verify identity and report investment activity to tax authorities. In some cases, you may also need to upload a photo ID and take a selfie for verification.
Step 6: Choose Your Core Position (Cash Management)
When you continue to open a Fidelity Brokerage account, you will select where your uninvested cash is held.
You typically see two options:
- SPAXX, a money market fund that earns higher interest on idle cash
- FCASH, a lower interest cash balance option
Most beginners choose SPAXX because it usually provides better returns while still keeping your money accessible.
Step 7: Review and Submit Your Application
Before you finalize and open a Fidelity Brokerage account, you will see a review screen.
Here you should:
- Double check your personal details
- Review agreements and disclosures
- Confirm everything is accurate
After reviewing, submit your application.
In many cases, approval happens instantly, although some applications may take one to three business days depending on verification needs.
Step 8: Create Login and Secure Your Account
Once you successfully open a Fidelity Brokerage account, you will create your login credentials.
You will:
- Set a username
- Create a password
- Verify your phone number with a security code
After this step, your account is officially active and ready to use.
Final Thoughts
To open a Fidelity Brokerage account, you simply follow a guided process: download the app, choose your account type, enter personal details, verify your identity, select your cash option, and submit.
Once completed, your account is ready for deposits, investing, and long term portfolio building.
