Fidelity

broker_fidelity · broker · operated by Fidelity Brokerage Services LLC

0 of 8 criteria researched. Unresearched criteria are shown as unknown with the reason — never guessed, and never omitted.

Price

What does credit cost here, and how is the price formed?

Rate formation	posted_card
Term structure	unknown (not researched yet)
Rate certainty	unknown (not researched yet)

Quality

What stands behind a position, and what can change under the reader?

Oracle dependency	unknown (not researched yet)
Default & liquidation	unknown (not researched yet)
Custody & backing	unknown (not researched yet)
Recourse	unknown (not researched yet)

Composition

Who and what makes up this market?

Collateral accepted	unknown (not researched yet)
Observability	price: partial — Published margin schedule, base rate plus tier spread. Sourced 2026-08-07 from fidelity.com/trading/margin-loans/overview: base margin rate 10.575% effective 2025-12-12, with tiers running from 11.825% (1.250% above base) at 0-24,999 down through 11.325% (0.750% above) at 25,000-49,999 to rates below base at the largest balances. Reconstructible from the base-rate series plus archived snapshots (D31). NOT YET INGESTED. The rate is the broker general margin schedule and is NOT bitcoin-specific: the same debit balance is charged the same whether the collateral is a BTC ETP or any other marginable security. What IS bitcoin-specific is the collateral - whether the ETP is marginable and at what maintenance requirement. Publishing this as a "BTC borrow rate" without that sentence would imply a product that does not exist. quantity: partial — Market-level only, as for every broker in this class: FINRA monthly aggregate margin debt. Security-level is not published by anyone and is declared, not estimated (section 8.1). composition: none — Loan-level composition is unobtainable in the posted class (section 8.1); a broker publishes no collateral breakdown of its margin book. Collateral is etp_share (section 6.1, D31).

Collateral accepted

unknown (not researched yet)

Observability

price: partial — Published margin schedule, base rate plus tier spread. Sourced 2026-08-07 from fidelity.com/trading/margin-loans/overview: base margin rate 10.575% effective 2025-12-12, with tiers running from 11.825% (1.250% above base) at 0-24,999 down through 11.325% (0.750% above) at 25,000-49,999 to rates below base at the largest balances. Reconstructible from the base-rate series plus archived snapshots (D31). NOT YET INGESTED. The rate is the broker general margin schedule and is NOT bitcoin-specific: the same debit balance is charged the same whether the collateral is a BTC ETP or any other marginable security. What IS bitcoin-specific is the collateral - whether the ETP is marginable and at what maintenance requirement. Publishing this as a "BTC borrow rate" without that sentence would imply a product that does not exist.

quantity: partial — Market-level only, as for every broker in this class: FINRA monthly aggregate margin debt. Security-level is not published by anyone and is declared, not estimated (section 8.1).

composition: none — Loan-level composition is unobtainable in the posted class (section 8.1); a broker publishes no collateral breakdown of its margin book. Collateral is etp_share (section 6.1, D31).

There is no score on this page and none will be added. The criteria are published and versioned before any venue is measured against them, and this venue's row is produced by the same pipeline as every other.