In a similar nature to E*TRADE, Fidelity is one of the best forex brokers in the market should you wish to access currency derivatives. In that regard, Fidelity especially stands out for its forex options. This means that you can speculate on the future value of a currency with more than you have in your account.
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We like that Fidelity charges just $0.65 for each contract that you decide to trade. Moreover, you won’t pay any additional commissions. If you need to brush up on your options trading knowledge before getting started, Fidelity offers a full range of articles, courses, videos, and even webinars for this purpose.
|Forex Pairs||Currency options only|
|Trading Commission||From $0.65 per contract|
|Spread||Built into bid/ask price|
- Trade currency options
- Pay just $0.65 per options contract
- Mobile app is a bit cumbersome for beginners
- High-level research tools are best suited for experienced traders
- Financial planning accounts come with high minimums
To take your investment objectives to the next level, you might also consider signing up for OptionsPlay – as Fidelity is offering a 33% discount. This will give you the best chance possible of finding profitable currency trading opportunities. In addition to options, Fidelity also offers stocks, bonds, funds, ETFs, and more.