fidelity options trading fees reddit

The issue I'm saying is that you shouldn't be able to purchase more than you have settledI recommend always doing limit orders for all trades.
I'm really confused.

For general information about trading stocks on Fidelity.com, see Trading Stocks. Options trading is a specialized form of stock trading. Fidelity Investments announced Thursday that it will cut fees on online stock, exchange-traded fund, and options trades to zero from $4.95. Support. In this case, the stock skyrocketed and fidelity purchased over 2k worth of options even though I only had 15$ in a cash account (I specifically did not apply margin for this exact reason).

The announcement comes after its major competitors earlier … I just opened options trading and they sent me packages after packages of info regarding the upgrade to options as well as margin info. I mean come on dude you're whining because youre ignorant.Basically you're upset because you don't understand the rules and are mad at being held to them despite your ignorance.This.

For options trading, both Fidelity and Interactive Brokers charge the same base fee of $0. Did you enter the trade or not?I placed a market order for 10 contracts when it was at .01. The end result could have been much worse.I understand the risks and trades that you make you are completely liable. The decision follows a … I saw a particular stock had surged pre-market. What is the ticker? Close. Fidelity and Interactive Brokers have equal fees for trading stocks (equities), $0 per trade.

Unfortunately he didn't have the clearance or power to reverse the charge or credit my account. They even throw errors and force you to set limits if they believe you don't have the fundsHow can you trade options without a margin account? You can still bid on an option that doesn't have open interest though. I only had 15$ cash in a non-Margin account.

That 0.01 price you saw was a stub quote that sits there as a placeholder. The site may not work properly if you don't If you do not update your browser, we suggest you visit Press J to jump to the feed. I do mostly long term investment and want to move from robinhood to Fidelity. Welcome to adulthood, where you are responsible for your actions.The reason for cash accounts is so you cannot trade more than settled balances, I understand the risks if I was using margin but I wasn't and didn't apply for itOptions don't trade pre market. That's what can attract option writers.How many contracts did you buy? How was it their mistake? It's not a real price you entered a market order in an illiquid market and fidelity did exactly what you asked as soon as it opened it went to market and bought your option. For a complete commissions summary, see our best discount brokers guide. closed my accounts today) Fidelity as a brokerage firm for trading. He referred me to the senior customer service manager.The senior customer service manager was rude and unwilling to hear out my situation(I'm sure he deals with assholes and dicks who yell, as with any customer facing job) saying that I am liable for this even though the I didn't apply for margin and that I would need to deposit money or liquidate my current positions. 1 $0.00 commission applies to online U.S. equity trades, exchange-traded funds (ETFs), and options (+ $0.65 per contract fee) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Looked like you fucked up, not them.New comments cannot be posted and votes cannot be castLooks like you're using new Reddit on an old browser. I'm not going to be doing that stuff but I'm just curious, or could it be a borrow stocks and pay it over time thing?I only trade shares, not options, and never pay any fees.You are able to put auto sell and buy shares at certain percent increase or drops or is that optionsUnofficial subreddit for Fidelity Investments discussionPress J to jump to the feed. For help setting up your options trading account, please call us. Didn't you notice yesterday's settlement price was significantly higher then 0.01? I had 15$ available cash in my account and figured why not, lets put in a market order for a particular option that is priced for $1. Fidelity said it would cut fees to $0 on online trades of U.S. stocks, eliminating a $4.95 charge for such trades. My account ended up being -1500 and Fidelity's margin team called me to request payment.I previously worked in customer service so I always try to remain calm as shit happens you know...I figured this was a system mistake and would be resolved quickly by their customer service rep. Decided to close my accounts and move elsewhere.Seems like you screwed up and are trying to hurt the broker because they allowed you to screw up. 5. The first rep was nice and understood the situation and had empathy. Today I decided to see if I could get lucky with the market. So you don't need to worry about it if you aren't buying/selling options contracts.Are contracts like a you have to buy this in a certain period but you get a discount?

The Boston-based company’s fee … Posted by 1 day ago. I use (used*. Press question mark to learn the rest of the keyboard shortcutsCookies help us deliver our Services.

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