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Fidelity for H1B Holders: vs 401k for H1B

โœ… H1B Eligible H1B visa holders can open and use Fidelity brokerage accounts. This guide covers comparing brokerage to employer 401k at Fidelity.

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Fidelity Account Details

FeatureDetails
Minimum DepositNo minimum
Trading CommissionsCommission-free
Available ProductsStocks, ETFs, mutual funds, options
H1B / Visa HoldersYes โ€” allowed with SSN
ITIN AcceptedCheck with broker โ€” SSN preferred

vs 401k for H1B at Fidelity

H1B holders are considered US residents for tax purposes (substantial presence test after 183+ days), meaning they can invest in US stocks and ETFs just like US citizens. Fidelity accepts H1B holders with a valid SSN.

Funding Your Fidelity Account from Abroad

To fund a US brokerage account from abroad, you'll first need a US bank account. Transfer funds internationally using Wise for the best exchange rate.

๐Ÿ’ธ Send Money Home with Wise
Save up to 8x on international transfers. No hidden fees, real exchange rates.
Open a Wise Account โ†’

Tax Considerations for H1B at Fidelity

FAQs

Can H1B visa holders open a Fidelity account?

Yes. H1B holders with a valid SSN can open a Fidelity brokerage account. You're treated as a US resident for tax purposes and can invest in US stocks, ETFs, and more.

What happens to my Fidelity account if my H1B expires?

You can typically keep your Fidelity account even if you leave the US. However, you become a non-resident alien (NRA) and different withholding rates apply. Notify Fidelity of your status change.

Can I invest in foreign stocks on Fidelity as an H1B holder?

Yes, Fidelity offers access to US-listed foreign stocks and ADRs. For direct foreign market access, Interactive Brokers offers the widest international coverage.