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Interactive Brokers vs Fidelity International 2024

StockBrokers.com

Written by StockBrokers.com

February 01, 2024

Is Interactive Brokers better than Fidelity International? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Interactive Brokers is better than Fidelity International. Interactive Brokers is a sophisticated trading platform aimed at confident and institutional-grade investors. For newer investors, Interactive Brokers is more intimidating, though it's worth exploring the platform to see if you could save money or access more investments compared to other brokers.

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Compare

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Overall Rating Interactive Brokers Fidelity International
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 4.5/5 Stars 4/5 Stars
Investment Choices 5/5 Stars 4/5 Stars
Mobile App 5/5 Stars 4/5 Stars
Website 5/5 Stars 4.5/5 Stars
Ease of Use 3.5/5 Stars 4.5/5 Stars
Education 3.5/5 Stars 4.5/5 Stars
Review Interactive Brokers Review Fidelity International Review
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Investments Interactive Brokers Fidelity International
ISA info Yes Yes
SIPP info Yes Yes
Share Trading info Yes Yes
CFD Trading info Yes No
Funds info Yes Yes
ETFs info Yes Yes
Bonds - Corporate info Yes No
Bonds - Government (Gilts) info Yes No
Investment Trusts info Yes Yes
Spread Betting info No No
Crypto Trading info Yes No
Advisor Services info No Yes
Trading Fees Interactive Brokers Fidelity International
Minimum Deposit info £0.0 £1,000.0 info
Share Trading: 0-9 Deals/ Month info £3 £1.50 or £7.50
Share Trading: 10-19 Deals/ Month info £3 £1.50 or £7.50
Share Trading: 20+ Deals/ Month info £3 £1.50 or £7.50
5 trades per year (£30k portfolio) info £15 £37.50
12 trades per year (£30k portfolio) info £36 £18 or £90
36 trades per year (£30k portfolio) info £108 £54 or £270
120 trades per year (£30k portfolio) info £360 £180 or £900
3 fund trades per year (£30k portfolio) info £0 £105
Annual Custody Fee: £0 - £250,000 info 0 £90 - £875
Annual Custody Fee: £250K-£500K info 0 £500 - £1,000
Annual Custody Fee: £500,000 - £1m info 0 £1,000 - £2,000
Annual Custody Fee: £1m and over info 0 £0
Bonds - Corporate - Fee info 0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR) N/A
Bonds - Government (Gilts) - Fee info 0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR) N/A
ETFs - Fee info £3 £7.50
Investment Trusts - Fee info £4.95 £7.50
Telephone Dealing Fee info USD 50 £30
Broker Screenshots Interactive Brokers Fidelity International
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools Interactive Brokers Fidelity International
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 96 21
Charting - Drawing Tools info 80 5
Charting - Notes info Yes No
Charting - Display Corporate Events info Yes Yes
Charting - Stock Overlays info Yes Yes
Charting - Index Overlays info Yes Yes
Research Interactive Brokers Fidelity International
Research - Shares info Yes Yes
Research - CFDs info Yes No
Research - Funds info Yes Yes
Fund Research - Research Reports info Yes Yes
Research - ETFs info Yes Yes
Research - Bonds info Yes No
Portfolio Allocation Breakdown info Yes Yes
Education Interactive Brokers Fidelity International
Education (Share Trading) info No Yes
Education (Funds) info No Yes
Education (Retirement) info Yes Yes
Client Webinars info No Yes
Client Webinars (Archived) info No Yes
Overall Summary Interactive Brokers Fidelity International
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 4.5/5 Stars 4/5 Stars
Investment Choices 5/5 Stars 4/5 Stars
Mobile App 5/5 Stars 4/5 Stars
Website 5/5 Stars 4.5/5 Stars
Ease of Use 3.5/5 Stars 4.5/5 Stars
Education 3.5/5 Stars 4.5/5 Stars
Review Interactive Brokers Review Fidelity International Review
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Comparing online share dealing platforms side by side is no small task. For our 2024 review of U.K. brokers, more than 900 data points were collected over a 10-week period and used to score each broker. Let’s compare Interactive Brokers and Fidelity International.

Interactive Brokers vs Fidelity International Comparison

For our 2024 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Interactive Brokers vs Fidelity International.

Is Interactive Brokers a good broker?

Interactive Brokers is a sophisticated trading platform aimed at confident and institutional-grade investors. For newer investors, Interactive Brokers is more intimidating, though it's worth exploring the platform to see if you could save money or access more investments compared to other brokers.

Is Fidelity International a good broker?

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.

Which broker is less expensive?

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, Interactive Brokers 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 - Interactive Brokers would cost £15 per year, while Fidelity International would cost £37.50 per year.

12 trades per year - Interactive Brokers would cost £36 per year, while Fidelity International would cost £18 or £90 per year.

36 trades per year - Interactive Brokers would cost £108 per year, while Fidelity International would cost £54 or £270 per year.

120 trades per year - Interactive Brokers would cost £360 per year, while Fidelity International would cost £180 or £900 per year.

3 fund trades per year - Interactive Brokers would cost £0.0 per year, while Fidelity International would cost £1,000.0 per year.

query_stats What type of trader are you?

Our guides can help you choose the right broker for you and the way you trade: whether you consider yourself an investing beginner, a more experienced active trader, or a mobile-first trading enthusiast.

How do Interactive Brokers and Fidelity International compare in terms of minimum deposits required?

Interactive Brokers requires a minimum deposit of £0.0, while Fidelity International requires a minimum deposit of £1,000.0. From our testing we found for accounts between £0 - £250,000 Interactive Brokers charges annual custody fees of 0, while Fidelity International charges annual custody fees of £90 - £875.

Which broker offers a wider range of investment options?

Interactive Brokers offers investors access to ISA, SIPP, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, while Fidelity International offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Investment Trusts and Advisor Services. Neither have 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.

Do Interactive Brokers and Fidelity International offer ISA or SIPP accounts?

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 Interactive Brokers and Fidelity International offer SIPP and ISA accounts.

Do Interactive Brokers and Fidelity International offer cryptocurrency?

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 Interactive Brokers nor Fidelity International offer crypto investing.

Which broker offers a better website experience?

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

Which stock trading app is better?

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

Do Interactive Brokers and Fidelity International offer educational resources?

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 Interactive Brokers offers traders access to Education (Retirement), while Fidelity International offers access to Client Webinars, Client Webinars (Archived), Education (Share Trading), Education (Funds) and Education (Retirement).

Overall winner: Interactive Brokers

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