CMC Invest vs Fidelity International 2024

CMC Invest offers commission-free trading of U.K.-listed shares and U.S. equities via a mobile app only. Though a newer entrant to the U.K. share dealing market and currently somewhat limited, it’s powered by global contender CMC Markets, making it likely that its offerings will expand.

Fidelity offers thousands of investments to choose from and also offers financial advice for those wanting more direction. It's best suited to traditional investors who hold a range of accounts through the platform, enjoy the great research material available and who may also use Fidelity for financial advice. The platform can be expensive for those with portfolios of less than £20,000 and those with portfolios above £40,000.

Alongside the cost per trade, most UK online brokers also charge a monthly, quarterly, or annual management fee, which varies based on the account type and balance. Based on our thorough review, CMC Invest offers better pricing than Fidelity International for share dealing.

Assuming a £30,000 portfolio size, here are the total annual costs for share dealing with both brokers, given different monthly activity scenarios.

5 trades per year - CMC Invest would cost £0 / £120 / £300 per year, while Fidelity International would cost £37.50 per year.

12 trades per year - CMC Invest would cost £0 / £120 / £300 per year, while Fidelity International would cost £18 or £90 per year.

36 trades per year - CMC Invest would cost £0 / £120 / £300 per year, while Fidelity International would cost £54 or £270 per year.

120 trades per year - CMC Invest would cost £0 / £120 / £300 per year, while Fidelity International would cost £180 or £900 per year.

3 fund trades per year - CMC Invest would cost £0 per year, while Fidelity International would cost £1000 per year.

CMC Invest requires a minimum deposit of £0, while Fidelity International requires a minimum deposit of £1000. From our testing we found for accounts between £0 - £250,000 CMC Invest charges annual custody fees of £120, while Fidelity International charges annual custody fees of £90 - £875.

CMC Invest offers investors access to ISA, SIPP, Share Trading, Funds, ETFs and Investment Trusts, while Fidelity International offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Investment Trusts and Advisor Services. Neither have CFD Trading, Bonds - Corporate, Bonds - Government (Gilts), Spread Betting and Crypto Trading. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that Both CMC Invest and Fidelity International offer SIPP and ISA accounts.

In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that neither CMC Invest nor Fidelity International offer crypto investing.

Our testing concluded that the website of Fidelity International is better than the website of CMC Invest. Fidelity International offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.

To compare the trading platforms of both CMC Invest and Fidelity International, we tested each broker's stock trading app. All features compared, our analysis finds that CMC Invest offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that CMC Invest offers traders access to Education (Share Trading), Education (Funds) and Education (Retirement), while Fidelity International offers access to Client Webinars, Client Webinars (Archived), Education (Share Trading), Education (Funds) and Education (Retirement).