To find a right broker for share dealing
, we spent seven months and hundreds of hours of assessing 12 different share dealing brokers based in the UK. Here, we will focus on two brokers and compare Fidelity International vs Saxo Capital Markets.
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. Both Fidelity International and Saxo Capital Markets hold a 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 Saxo Capital Markets provides its clients with ISA and SIPP 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. Saxo Capital Markets boasts an offering of 17 charting tools compared to Fidelity International's 0 available charting tools. Saxo Capital Markets boasts an offering of 48 different indicators (for example, moving averages) compared to Fidelity International's 0 available indicators. Saxo Capital Markets makes basic stock alerts available to clients, while Fidelity International does not. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Fidelity International offers fund research reports while Saxo Capital Markets does not.
Overall, between Fidelity International and Saxo Capital Markets, Saxo Capital Markets is the winner
Fidelity International Review
Saxo Capital Markets Review