To find a right broker for share dealing
, we spent seven months and hundreds of hours of assessing ten different share dealing brokers based in the UK. Here, we will focus on two brokers and compare Fidelity International vs IG Group.
Our comparison begins with the fees charged for dealing shares in the UK and being a client. The two main charges to focus on include the cost to place each trade alongside the monthly, quarterly, or annual management fee charged (varies depending on the type and size of your portfolio). We researched both to provide a single star rating for cost. IG Group is a better option with a 4.50 star rating over Fidelity International's 3.50 star rating.
Account charges aside, we can now compare features and tools investors want in their share dealing accounts. Access to the investments is important, and IG Group provides its clients with ISA, SIPP and Spread Betting while Fidelity International provides clients access to ISA, ISA - Junior, SIPP and SIPP - Junior. Also, some investors require a high-quality charting experience, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Fidelity International trails IG Group by 19 total charting tools, with IG Group offering 19 and Fidelity International offering 0. IG Group offers its clients access to 26 different indicators (for example, volume) while Fidelity International has 0 available indicators, a difference of 26. IG Group has basic stock alerts, Fidelity International doesn't. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Fidelity International has fund research reports, IG Group doesn't.
Overall, IG Group boasts 4.50 stars versus Fidelity International's 3.00 stars. And, when it comes to individual category awards, IG Group was rated Best in Class - Platforms & Tools, Best in Class - Mobile Trading and Best in Class - Education in 2017, while Fidelity International was rated Best in Class - Research.