Fidelity Investments is offering retail investors five additional countries on its online international investing platform, according to today’s release.
This expansion of Fidelity’s international investing capabilities on the online platform brings the total to 17 countries and 13 currencies available online.
Previously only Fidelity’s active traders and high-net worth investors had access to international trading. “This puts us ahead of the major brokers in giving customers important ability online - which, as you know, has traditionally been a challenge for individuals given the services available today,” commented a Fidelity spokesman in an email. The new countries and currencies available to Fidelity’s retail investors are: Mexico, Peso (MXN); New Zealand, New Zealand Dollar (NZD), Singpaore, Singapore Dollar (SGD), Sweden, Krona (SEK) and Switzerland; Swiss Franc (CHF).
Launched in 2009, Fidelity’s online international investing platform is one of the most comprehensive suites of international investing options, according to the online brokerage firm. From 2010 to 2011, the number of international equity executions on Fidelity.com increased 89 percent year over year.
“The additions to our online international offering cement Fidelity’s leadership position as offering the most comprehensive set of countries and currencies among major online brokerage firms,” commented James C. Burton, president of Fidelity’s retail brokerage business, in today’s release. “Customers can benefit not only from the increased choices, but also from Fidelity’s low commissions, the ability to trade foreign and domestic securities from a single brokerage account, and the flexibility to execute foreign trades using U.S. dollars or in the stock’s local currency.”
The new countries join the original 12 available on Fidelity’s brokerage platform: Australia, Belgium, Canada, France, Germany, Hong Kong, Italy, Japan, the Netherlands, Norway, Portugal and the United Kingdom. The new currencies join the original eight: Australian Dollar, British Pound, Canadian Dollar, Euro, Hong Kong Dollar, Japanese Yen, Norwegian Krone and U.S. Dollar. In addition, Fidelity customers have access to more than 1,400 mutual funds and 250 ETFs with international securities exposures.