SIPC
SIPP INDUSTRIES INC NEW
stock OTC

I have used my Fidelity brokerage account for everything for years. You can do everything and anything with a brokerage account that you can do with a CMA account. You can use a Fidelity brokerage account just like a regular checking account. You can write checks, pay bills using online bill pay, get cash at ATMs, deposit checks, accept direct deposits, etc. (note that you cannot deposit cash with Fidelity at all so you may want to maintain an account at a local bank, CUs work well, linked to Fidelity). Your uninvested cash will get automatically invested in whatever you pick as your core position and automatically converted back to cash when you spend. And if you are a Fidelity Account® Premium, Active Trader VIP, Private Client Group, Wealth Management, or former Youth accounts owner than all ATM fees are reimbursed (all ATM fees are reimbursed for a CMA no matter the account type). If it matters to you the deposit insurance is different (SIPC for brokerage vs FDIC for CMA unless you set your core CMA position to SPAXX in which case it is also SIPC). I have used my brokerage account for all my banking (with some exceptions for security) for years. I have a CMA but rarely use it.

SIPC insurance only protects "Securities". That's what the "S" in "SIPC" stands for. Securities are stocks and bonds. Bitcoin is not a security. It is classified as a "commodity" by U.S. regulators such as the SEC.

These days you can trade crypto at major brokerage firms which have SIPC insurance.

This post/comment was removed for violating rule #2. - In regard to securities and investments

In regard to securities and investments - This community is about Fidelity customer care and financial education. While we cannot recommend specific securities or investment strategies, we can provide Fidelity tools and research that may help guide you to find an investment. Fellow Redditors may also offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions or content posted by non-Fidelity members or any third parties on /r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision. Always make sure to do your due diligence prior to investing. Remember to look for the flair to make sure it’s us! We’ll be labeled as “Community Care Representative.” We do reserve the right to remove any comments that are outside the spirit of our subreddit.

Fidelity Brokerage Services LLC, Member NYSE, SIPC

Thanks for your post. We ask that all investment strategy discussion be kept within the weekly discussion post pinned at the top of the sub.
This post/comment has been removed for violating rule #2. - In regard to securities and investments

Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments to our weekly discussion post.
We are not able to assist with these types of questions on reddit but have a variety of tools and resources to help our clients invest their funds and find an investment that fits their objectives and risk tolerance. To learn more about investing check out the "Getting started with investing" page on our learning center [here](https://www.fidelity.com/learning-center/overview).

To find research and tools to help you, click on the "News & Research" on fidelity.com on the menu bar. This will expand a sub menu where you will be able to learn about and research mutual funds, stocks, ETFs, fixed income, and more. You can also go to "Investment Products" on the menu bar to learn more about the types of accounts that we offer. [Click here to visit Fidelity.com](https://www.fidelity.com)

Fidelity Brokerage Services LLC, Member NYSE, SIPC

I have used my Fidelity brokerage account for everything for years. You can do everything and anything with a brokerage account that you can do with a CMA account. You can use a Fidelity brokerage account just like a regular checking account. You can write checks, pay bills using online bill pay, get cash at ATMs, deposit checks, accept direct deposits, etc. (note that you cannot deposit cash with Fidelity at all so you may want to maintain an account at a local bank, CUs work well, linked to Fidelity). Your uninvested cash will get automatically invested in whatever you pick as your core position and automatically converted back to cash when you spend. And if you are a Fidelity Account® Premium, Active Trader VIP, Private Client Group, Wealth Management, or former Youth accounts owner than all ATM fees are reimbursed (all ATM fees are reimbursed for a CMA no matter the account type). If it matters to you the deposit insurance is different (SIPC for brokerage vs FDIC for CMA unless you set your core CMA position to SPAXX in which case it is also SIPC). I have used my brokerage account for all my banking (with some exceptions for security) for years. I have a CMA but rarely use it.

SIPC insurance only protects "Securities". That's what the "S" in "SIPC" stands for. Securities are stocks and bonds. Bitcoin is not a security. It is classified as a "commodity" by U.S. regulators such as the SEC.

These days you can trade crypto at major brokerage firms which have SIPC insurance.

This post/comment was removed for violating rule #2. - In regard to securities and investments

In regard to securities and investments - This community is about Fidelity customer care and financial education. While we cannot recommend specific securities or investment strategies, we can provide Fidelity tools and research that may help guide you to find an investment. Fellow Redditors may also offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions or content posted by non-Fidelity members or any third parties on /r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision. Always make sure to do your due diligence prior to investing. Remember to look for the flair to make sure it’s us! We’ll be labeled as “Community Care Representative.” We do reserve the right to remove any comments that are outside the spirit of our subreddit.

Fidelity Brokerage Services LLC, Member NYSE, SIPC

Thanks for your post. We ask that all investment strategy discussion be kept within the weekly discussion post pinned at the top of the sub.
This post/comment has been removed for violating rule #2. - In regard to securities and investments

Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments to our weekly discussion post.
We are not able to assist with these types of questions on reddit but have a variety of tools and resources to help our clients invest their funds and find an investment that fits their objectives and risk tolerance. To learn more about investing check out the "Getting started with investing" page on our learning center [here](https://www.fidelity.com/learning-center/overview).

To find research and tools to help you, click on the "News & Research" on fidelity.com on the menu bar. This will expand a sub menu where you will be able to learn about and research mutual funds, stocks, ETFs, fixed income, and more. You can also go to "Investment Products" on the menu bar to learn more about the types of accounts that we offer. [Click here to visit Fidelity.com](https://www.fidelity.com)

Fidelity Brokerage Services LLC, Member NYSE, SIPC

Thanks for your post. We ask that all investment strategy discussion be kept within the weekly discussion post pinned at the top of the sub.
This post/comment has been removed for violating rule #2. - In regard to securities and investments

Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments to our weekly discussion post.
We are not able to assist with these types of questions on reddit but have a variety of tools and resources to help our clients invest their funds and find an investment that fits their objectives and risk tolerance. To learn more about investing check out the "Getting started with investing" page on our learning center [here](https://www.fidelity.com/learning-center/overview).

To find research and tools to help you, click on the "News & Research" on fidelity.com on the menu bar. This will expand a sub menu where you will be able to learn about and research mutual funds, stocks, ETFs, fixed income, and more. You can also go to "Investment Products" on the menu bar to learn more about the types of accounts that we offer. [Click here to visit Fidelity.com](https://www.fidelity.com)

Fidelity Brokerage Services LLC, Member NYSE, SIPC

As someone who’s spent hours doing research in the past IBKR is the single best brokerage that happens to operate in multiple jurisdictions therefore great for expats. I have a Revolut account as well and while they’re good at what they do it’s not ideal for long-term investing due to fees and lack of SIPC protection (supposedly). The UI of IBKR may seem intimidating at first but once you spend more time learning the ropes of investing you’ll figure out that those buttons are absolutely necessary. It’s a legitimate public company with recent inclusion in the S&P 500 and even hedge funds use IBKR.
Lastly I’d suggest starting to invest once you have more capital to deploy; $50 per month isn’t likely to move the needle much long term (and I don’t mean that in a disparaging way). You’re still young so it may be better to focus on increasing your income and in the meantime familiarize yourself with the markets by following FT, Bloomberg, Yahoo Finance etc. All the best

Hey there, u/BitcoinSaveMe. We appreciate your interest in managing more of your savings through Fidelity's platform. While it's ultimately up to you how you choose to proceed, I can share some additional context, so let's dive in.
First, while it sounds like you've been reviewing some information about these investments already, we have a couple 101 guides right here on Reddit that discuss the ins and outs of money market funds and certificates of deposit (CDs), as well as a comparison chart on Fidelity.com, that may be helpful when considering these products. Keep in mind that these are investment products, which can be purchased within most Fidelity accounts including brokerage accounts, IRAs, and Fidelity Cash Management Accounts (CMAs).
[A 101 guide on where to find CDs, what terms mean, how to trade them, and more.](https://www.reddit.com/user/fidelityinvestments/comments/10xctsg/a_101_guide_on_where_to_find_cds_what_terms_mean/)
[Money Market Funds 101](https://www.reddit.com/r/fidelityinvestments/comments/12r4tg9/money_market_funds_101_a_guide_to_help_you/)
[Compare Fixed Income Products](https://www.fidelity.com/fixed-income-bonds/compare-income-products)
Some highlights worth mentioning: all Fidelity brokerage accounts are covered by the Securities Investor Protection Corporation (SIPC), a nonprofit organization that protects stocks, bonds, and other securities in case a brokerage firm goes bankrupt and assets are missing. The SIPC will cover up to $500,000 in securities (money market funds are treated as securities), including a $250,000 limit for cash held in a brokerage account. Additionally, brokered CDs like those available at Fidelity are FDIC-insured up to $250,000 (per account owner, per issuer). You can learn more about these coverages at the link below, as well as by visiting the SIPC and FDIC websites.
[Safeguarding Your Accounts](https://www.fidelity.com/why-fidelity/safeguarding-your-accounts)
Last up, clients have access to a number of cash management and trading features for their accounts to align with their goals, such as requesting a debit card that can be used for ATM withdrawals, receiving direct deposits, recurring transfers, and recurring investment plans.
[Features by Account](https://www.fidelity.com/spend-save/features-by-account)
[Recurring Investments](https://www.fidelity.com/trading/recurring-investments)
Phew! I know I've shared quite a few links here, but I wanted to make sure I hit the key points you've touched on in your post and the comments. If you have other questions that come up while you're looking things over, or if you need any help with navigation steps, feel free to follow up with us.

Thanks for your post. We ask that all investment strategy discussion be kept within the weekly discussion post pinned at the top of the sub.
This post/comment has been removed for violating rule #2. - In regard to securities and investments

Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments to our weekly discussion post.
We are not able to assist with these types of questions on reddit but have a variety of tools and resources to help our clients invest their funds and find an investment that fits their objectives and risk tolerance. To learn more about investing check out the "Getting started with investing" page on our learning center [here](https://www.fidelity.com/learning-center/overview).

To find research and tools to help you, click on the "News & Research" on fidelity.com on the menu bar. This will expand a sub menu where you will be able to learn about and research mutual funds, stocks, ETFs, fixed income, and more. You can also go to "Investment Products" on the menu bar to learn more about the types of accounts that we offer. [Click here to visit Fidelity.com](https://www.fidelity.com)

Fidelity Brokerage Services LLC, Member NYSE, SIPC

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Fidelity Brokerage Services LLC, Member NYSE, SIPC

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Fidelity Brokerage Services LLC, Member NYSE, SIPC