Fidelity or Interactive Investor – which is better for UK traders 2024? Compare Fidelity and Interactive Investor in this detailed breakdown of their platforms, features and fees.
Fidelity vs Interactive Investor Comparison Table 2024
Fidelity is a popular financial services firm that provides investment accounts and pensions with access to thousands of stocks, ETFs and mutual funds to clients based in the US, Europe and Asia. Fees vary by asset and account country, but are generally competitive, with zero-commission trading available on US stocks.
Interactive Investor are a hugely respected, FCA-regulated investing firm. The trading platform is easy-to-use while the sign-up and deposit process is straightforward for new investors. ii also has a long track record and a string of industry awards under its belt.
Pros
Excellent list of stocks and funds to choose from
Very competitive pricing compared to largest rivals
Good list of account types to suit various types of investor
Uninvested cash is automatically put into a money market fund
Trusted global brand with strong regulation from SEC & FCA
Tax-efficient vehicles are available including ISAs
FCA-regulated
No minimum deposit
40,000+ stocks and shares
Excellent market research
User-friendly investment app
Low fixed fees for large portfolios
Multiple payment methods including bank cards
Highly rated and trusted by 400,000 investors
Less than 1 minute average wait time for customer support
Managed ISA introduced in 2024 streamlining investment decisions
Cons
No forex or CFD trading
There is no demo account
Less suitable for short-term trading
Presentation of data is overly complicated
No trading platform for non-US clients
The $1000 minimum deposit for international clients is high
No free demo account
No copy trading tools
Awards
Boring Money Best Buy 2021 – Pension
Boring Money Best for Beginners Pension 2021
Boring Money Best for Beginners ISA 2021
Boring Money Best for Low - Cost Pension 2021
Online Personal Wealth Awards - Best Retirement Adviser 2021
Shares Awards 2020 - Best Execution-Only Stockbroker of the Year
Investment Platform of the Year 2022
Best Low-cost SIPP 2022
Shareholder Rights Champion 2022
Best Low Cost Stockbroker 2022
Retail Investor Champion of the Year 2021
Best Low Cost Stockbroker 2021
Best Stocks and Shares ISA provider 2021
Best Stocks & Shares ISA Provider 2020
Best Stockbroker for International Dealing 2020
FCA Regulated
Yes
Yes
Instruments
ETFs, Mutual Funds, ISAs, Pensions, Stocks, Indices