Fidelity® Youth Account
No Monthly Fees (Free)
Pros
- Gives teens control over their investments
- Parents can actively monitor trading decisions
- No commissions or monthly fees
- Comes with a debit card
- Access to resources through Youth Learning Center
Cons
- Parents need to have or open a Fidelity Brokerage Account
- Taxes that come with trading
- Cannot set spending limits on teen debit card
