ISA fees at key portfolio sizes
| Portfolio | Funds | ETFs | Shares |
|---|
Monthly trading assumed. Verify at Fidelity
Accounts & features
| Stocks & Shares ISA | ✓ |
| SIPP | ✓ |
| GIA | ✓ |
| Junior ISA | ✓ |
| Flexible ISA | ✗ |
| Transfer out fee | Free |
| Fractional shares | ✗ |
| Regular investing | ✓ |
| Mobile app | ✓ |
| FSCS protected | ✓ (up to £85,000) |
Overview
Fidelity — branded Fidelity Personal Investing in the UK — is one of the world’s largest investment companies and a long-established presence in the UK retail investment market. Their platform offers a broad range of funds, ETFs, and shares across ISA, SIPP and GIA accounts, alongside strong research tools and a well-regarded regular investing service.
The fee structure
| Portfolio | Service fee |
|---|---|
| Under £25,000 | £7.50/month (£90/year), or 0.35% if you have a regular savings plan |
| £25,000 to £250,000 | 0.35% |
| £250,000 to £1 million | 0.20% on the whole balance |
| Over £1 million | £2,000/year maximum (0.20% on the first £1 million, nothing above) |
Unlike HL and AJ Bell, Fidelity’s lower rate applies to your whole portfolio once you pass £250,000, not just the part above it. A £300,000 portfolio pays 0.20% on all of it: £600 a year, compared with £875 at £250,000. Fidelity also works the fee out on the total across all your Fidelity accounts, so an ISA and a SIPP together can reach the lower band.
Other charges:
- Funds: no dealing charge
- Shares, ETFs and investment trusts: the service fee on these is capped at £7.50 a month (£90 a year), but online trades cost £7.50 each, or £1.50 through a regular investment plan
- FX: 0.75% on the first £10,000 of a trade, 0.50% from £10,000 to £20,000, 0.25% above
- Transfer out: free
The SIPP charges the same as the ISA. Fidelity is FSCS-protected up to £85,000.
For fund investors, Fidelity now charges the same 0.35% as Hargreaves Lansdown but without HL’s £1.95 fund dealing charge, and it becomes much cheaper than HL above £250,000. Below £25,000, the £90 minimum makes it expensive unless you set up a regular savings plan.
Who is Fidelity best for?
- Fund investors wanting a broad range with no fund dealing charges
- Portfolios over £250,000, where 0.20% on the whole balance and the £2,000 maximum make Fidelity competitive
- Investors valuing Fidelity’s research and fund analysis
- Regular investors — Fidelity’s regular investing service is well-regarded
Verdict
Fidelity is a solid choice for active fund investors. Less compelling for passive ETF investors (where InvestEngine or Vanguard offer better value) or for large portfolios (where ii’s flat fee wins). Use our calculator to compare at your portfolio size.
Open a Fidelity ISA
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Compare Fidelity with other platforms
Already have an ISA elsewhere? You can open a Fidelity ISA alongside your existing one — since April 2024 there's no restriction on holding multiple ISAs at the same time.