Interactive Investor vs Fidelity: Which investment platform should you choose?

3 min Read Published: 01 Sep 2022

Interactive Investor vs Fidelity

Choosing the right investment platform to invest your money with can be difficult, with considerations like products, services and costs all part of the decision-making process. In this article we compare the key features of Interactive Investor* and Fidelity* to help you decide which is the best option for you.

We also include details on the Interactive Investor reader offer, which could save you £78 on your SIPP fees*.

Interactive Investor vs Fidelity - which is better?

Interactive Investor Fidelity 
Services Company account

Pension trading account

Model portfolios

Quick Start funds

Invest in funds and shares

Select 50

Select 50 Balanced fund

Investment finder and Navigator

Pension and retirement planning

Wealth management for those with over £250,000

Fidelity Fundsnetwork for advisers

Products ISA, General Investment Account, Junior ISA, SIPP

Trading account

ISA, General Investment Account, Junior ISA, SIPP, Junior SIPP

 

Minimum investment £25 per month  £1,000 or £25 per month for regular savings plan
Platform fees £9.99 per month (Investor)

£12.99 per month (Pension Builder)

£19.99 per month (Super Investor)

£0-£7,500 - 0.35% (£45 for regular savings plan)

£7,500-£250,000 - 0.35%

£250,000-£1m - 0.20%

£1m+ - 0.20% for first £1m, fee-free after that

Customer reviews (Trustpilot) 4.7/5.0 4.1/5.0
Money to the Masses offer No monthly SIPP fee for 6 months, saving £78 (terms and conditions apply)* n/a

Interactive Investor vs Fidelity - services

Interactive Investor - also known as ii - and Fidelity have services for a range of investors, from beginners through to those with experience looking for more advanced options. This includes research tools, model portfolios and investment guides. In addition, Interactive Investor has Company Accounts, which allow limited companies to trade, as well as Pension Trading Accounts, which open up a greater range of assets than can be included in a standard SIPP.

Interactive Investor vs Fidelity - products

Both Interactive Investor and Fidelity have ISAs, General Investment Accounts, Junior ISAs and SIPPs, with Fidelity also offering a Junior SIPP. It's worth noting that with the Junior ISA and Junior SIPP, Fidelity doesn't charge a fee. Interactive Investor also has a dedicated trading account, which allows people to invest in shares, funds, investment trusts and ETFs. The trading account is particularly good for those looking to save money on foreign exchange charges as it allows investors to manage money in 9 different currencies.

Interactive Investor vs Fidelity - minimum investment

Interactive Investor requires a smaller minimum investment than Fidelity, with no minimum lump sum to open an account, or £25 per month as a regular investment. Fidelity, meanwhile, has a minimum investment of £1,000, or £25 per month. However, investors in Interactive Investor also need to factor in the monthly charge of at least £9.99 - which includes one free trade per month - as well as the charges for additional trades, starting at £5.99 per trade.

Interactive Investor vs Fidelity - fees

The relative cost-efficiency of Interactive Investor and Fidelity comes down to the amount you are likely to invest. If you have a large investment pot, Interactive Investor's £9.99 monthly charge becomes good value, particularly if you don't intend to make more than one change to your portfolio each month, meaning there are no additional charges for trading. Fidelity, on the other hand, has a sliding scale of platform fees, with a cap of £45 for those with investments under £7,500 who have a regular savings plan. It also doesn't charge a fee for its JISA or Junior SIPP.

Interactive Investor vs Fidelity - customer reviews

According to independent customer review site Trustpilot, both Interactive Investor and Fidelity rank well, scoring more than 4 out of 5 stars. Interactive Investor, however, has a score of 4.7 out of 5, based on around 20,000 reviews, edging out Fidelity, which scored 4.1 out of 5, based on around 2,500 reviews. Of those, 80% of Interactive Investor's reviewers classified it as "excellent", compared with 52% for Fidelity. Both were praised specifically for good customer service.

Summary: Interactive Investor vs Fidelity

The choice between Interactive Investor* and Fidelity* will largely be driven by the amount you are looking to invest and the types of products you are looking to invest in. If you are specifically looking for a Junior ISA or Junior SIPP, Fidelity is a good option as it doesn't charge a fee for those products. However, unless you commit to at least £25 per month in its regular savings plan, you will need to make a lump-sum payment of at least £1,000 to open an account.

For Interactive Investor meanwhile, the monthly fee starting at £9.99, which includes one free trade, represents good value for those looking to invest larger sums. The Company Account and Pension Trading Account options are also relatively unusual and so will prove attractive to those seeking those particular features.

There is more in depth information on both platforms in our Interactive Investor review and Fidelity review.

If a link has an * beside it this means that it is an affiliated link. If you go via the link Money to the Masses may receive a small fee which helps keep Money to the Masses free to use. But as you can clearly see this has in no way influenced this independent and balanced review of the product. The following link can be used if you do not wish to help Money to the Masses - Fidelity, Interactive Investor