What’s the fees for trading international stocks on Fidelity?
Summary of User’s Inquiry and Solutions Discussed:
- Main Problem: The user is seeking clarification on fees, penalties, and risks associated with enabling International Trading for European stocks and ETFs in their Fidelity account.
- The user must enable International Trading to access European stocks and ETFs, but is concerned about any potential costs involved.
- There are no fees for simply enabling International Stock Trading on the account.
- Fees, such as commissions and additional charges, will only apply when a trade is actually placed, and these will be clearly disclosed at that time.
- The user is encouraged to review the trade details carefully before proceeding with any international trades.
Here’s the full thread
I’m interested in buying some European stocks and ETFs. I know that I have to enable International Trading under my account, but, before doing so, I would like to know, in plain English, if there are any fees, penalties or risks for me to do so. I am aware of the currency risks and of the opening/closing hours of the markets, which are different from those of the US markets. Any other important aspect I should take into account? Thanks!
Hi there, @MLG.
There are fees charged to place trades internationally. The costs associated include:
•A commission is charged on the trade that covers any clearing and settlement costs and local broker fees.
•Additional fees (i.e., stamp duty, transaction levy, trading fees) that are specific to some foreign exchanges and will be identified as Other Fees at the time of the trade.
•foreign currency exchange fee if the U.S. dollar is chosen as the settlement currency
You can learn more at the links below.
Stock FAQs: International Stock Trading: https://www.fidelity.com/stock-trading/faqs-international
International Stock Trading: https://www.fidelity.com/stock-trading/international-stock-trading
If you have additional questions, please don’t hesitate to ask. We’re always happy to help. 🟢
Thanks, @FidelityLinsey. But that means that just enabling International Trade in Fidelity to search for European ETFs, etc. doesn’t incur in any costs, right? I would only incur in those costs if I place a trade. Also, before placing an international trade, would I be presented with all the additional fees incurred? Thanks again.
Hi, @MLG. I’m happy to chime in here.
There are no fees for enabling International Stock Trading on your account.
You’re correct that you would only incur fees when placing a trade. Fees and commissions will be disclosed to you at the time of the trade. Please be sure to review the trade details carefully.
Let us know if anything else comes up! 🟢