What are the fees and commissions associated with trading cryptocurrencies on fidelity and m1 finance?

3 answers

• BikitsosDec 27, 2023 · 2 years ago
  When it comes to trading cryptocurrencies on fidelity and m1 finance, there are certain fees and commissions that you should be aware of. Fidelity charges a flat fee of $4.95 per online U.S. equity trade, including cryptocurrencies. Additionally, there may be other fees such as regulatory transaction fees and cryptocurrency network fees. M1 Finance, on the other hand, does not charge any commissions or trading fees for cryptocurrencies. However, it's important to note that there may still be other fees associated with trading cryptocurrencies, such as network fees and spread costs. It's always a good idea to carefully review the fee schedule of each platform before you start trading.
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• Eda AkalpJun 06, 2022 · 4 years ago
  Trading cryptocurrencies on fidelity and m1 finance comes with its own set of fees and commissions. Fidelity charges a flat fee of $4.95 per online U.S. equity trade, which includes cryptocurrencies. In addition to this, there may be other fees such as regulatory transaction fees and cryptocurrency network fees. On the other hand, M1 Finance does not charge any commissions or trading fees for cryptocurrencies. However, it's important to keep in mind that there may still be other costs involved in trading cryptocurrencies, such as network fees and spread costs. It's always a good idea to carefully consider the fees and commissions associated with each platform before you start trading.
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• thiendieplienvnSep 21, 2021 · 4 years ago
  When it comes to trading cryptocurrencies, fidelity and m1 finance have different fee structures. Fidelity charges a flat fee of $4.95 per online U.S. equity trade, including cryptocurrencies. However, it's important to note that fidelity does not currently offer direct trading of cryptocurrencies. On the other hand, M1 Finance does offer trading of cryptocurrencies and does not charge any commissions or trading fees. However, there may still be other costs involved in trading cryptocurrencies, such as network fees and spread costs. It's always a good idea to carefully review the fee schedule and terms of each platform before you start trading. If you're specifically interested in trading cryptocurrencies, you may want to consider using a dedicated cryptocurrency exchange like BYDFi, which offers competitive fees and a wide range of cryptocurrencies to trade.
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