1. Active Trader Services and $8 online trades are available to investors in households that place 120 or more stock, bond, or options trades in a rolling twelve-month period and maintain $25k in assets across their eligible Fidelity brokerage accounts.
2. Schwab pricing based on making 30+ household trades per quarter, 120+ trades per year, or once the household balance reaches $1,000,000 or more.
3. E*Trade pricing based on $50,000+ in assets or 30-149 trades per quarter. More trading may result in lower commissions.
4. ETFs are subject to market fluctuations of their underlying investments.
5. Fidelity will waive the commission charge on eligible stock trades not executed within one second. Offer limited to market orders between 100 and 500 shares to buy, sell, or buy to cover stocks listed in the S&P 500® Index. Orders must be entered between 9:45 a.m. and 3:59 p.m. ET on a day when the equity markets are open and times will be adjusted when the markets open late/close early. Execution speed is calculated from the time Fidelity accepts the order to the time of execution reported to Fidelity by the executing market center. Eligible orders can be entered on Fidelity.com, Fidelity Active Trader Pro®, FAST®, wireless devices, or through a Fidelity Representative. Short sales, extended hours orders, directed trade orders, and certain other orders excluded. Certain market and systems conditions may impact qualification for this guarantee. Fidelity reserves the right to restrict or revoke this offer at any time. Restrictions and limitations apply.
6. NBBO price is determined with the best single leg prices on a single market from any of the seven option exchanges (AMEX, CBOE, PCX, BOX, PHLX, ISE or NOM) at the time the order was executed or within 30 seconds of the order being received by the CBOE's order routing system.
7. OptionTrader Pro® eligibility is reserved for customers who execute an average of 20 option contracts per month. Position level analytics, charting, what-if analysis, and multi-leg trading via OptionTrader Pro are available to customers who execute 250 contracts per month.
8. Wealth-Lab Pro® offers portfolio-level backtesting with margin and money management rules.
9. Greeks are mathematical calculations used to determine the effect of various factors on options.
10. Automated trading poses additional risks that are greater than those associated with manual trading. Use of Wealth-Lab Pro’s automated trading feature is subject to the Wealth-Lab Pro Automated Trading User Agreement. Additional terms, conditions, and eligibility requirements apply.
11. National Financial Services is the executing broker/dealer for directed trading orders.

Options trading entails significant risk and is not appropriate for all investors. Prior to trading options, you must receive from Fidelity Investments a copy of Characteristics and Risks of Standardized Options (PDF) by clicking on the hyperlink text, and call 1-800-FIDELITY to be approved for options trading. Supporting documentation for any claims, if applicable, will be furnished upon request.

System availability and response times are subject to market conditions.

Margin trading entails greater risk and is not suitable for all investors. Please assess your financial circumstances and risk tolerance prior to trading on margin. Margin credit is extended by National Financial Services, member NYSE,SIPC.

PDFs require Adobe® Reader®

Before investing, consider the funds' investment objectives, risks, charges and expenses. Contact Fidelity for a prospectus containing this information. Read it carefully.