Fidelity Personal Investing Fees 2026: Full Platform Cost Breakdown

Fidelity's platform fee is percentage-based and tiered. The <a href="https://www.fca.org.uk/consumers/investment-platforms">FCA's guide to investment platforms</a> explains what to look for in platform charges. For most investors starting out, you'll pay 0.35% on your total investment value. But there are breakpoints that reward larger portfolios:

• Under £25,000: 0.35% — or a £90 flat fee (£7.50/month) if you have a regular savings plan. The flat fee is cheaper once your portfolio exceeds roughly £25,700
• £25,000 to £249,999: 0.35% of total value
• £250,000 to £999,999: 0.20% — plus access to Wealth Management benefits
• £1,000,000+: 0.20% on the first £1 million, nothing above. Maximum annual fee capped at £2,000

The £2,000 cap at £1 million is important — it means a £2 million portfolio pays an effective 0.10%, and a £5 million portfolio pays 0.04%. But let's be honest: most readers aren't in that bracket. For the typical investor with £30,000 to £150,000, you're paying a flat 0.35%.

How does that compare? AJ Bell charges 0.25% on funds (capped at £3.50/month in an ISA). Interactive Investor charges a flat £4.99 to £19.99 per month depending on plan. And iWeb charges nothing on ISAs. At £50,000, Fidelity costs £175 versus AJ Bell's £42 (ISA cap) — that's a £133 annual difference.

You may also find our guide to iWeb Share Dealing Fees 2026 useful.

This is where Fidelity's fee structure gets interesting. Fund dealing is completely free — no charge to buy, sell, or switch between funds. For an investor building a portfolio of Fidelity's own index funds (which start at 0.05% ongoing charge) or third-party funds, the only cost is the platform fee.

Share dealing is a different matter entirely:

• Regular savings plan or dividend reinvestment: £1.50 per trade
• Online trades: £7.50 per trade
• Phone trades: £30 per trade

The £1.50 regular savings rate is competitive — cheaper than most platforms for monthly investing. But the £7.50 online rate puts Fidelity in the middle of the pack, more expensive than iWeb (£5) or AJ Bell (£5 for funds) but cheaper than Hargreaves Lansdown (£11.95).

The zero fund dealing charge is Fidelity's secret weapon. If your strategy is 100% funds and ETFs — which is the right approach for most UK investors — you never pay a dealing fee. Your only cost is the platform percentage.

Fidelity applies the same tiered platform fee to <a href="https://www.gov.uk/personal-pensions-your-rights">SIPPs</a> as it does to ISAs — 0.35% up to £250,000, then 0.20% above. There's no separate SIPP wrapper charge, which keeps things simple.

At a £100,000 pension pot, you're paying £350 per year. At £250,000, it's £875. Compare that to iWeb's £198 cap or AJ Bell's £3.50/month ISA cap (though AJ Bell's SIPP charges are uncapped at 0.25%).

Fidelity's SIPP drawdown comes with no additional charges — flexi-access drawdown, uncrystallised funds pension lump sums (UFPLS), and tax-free cash are all included. Transfers in and out are free.

For pension investors specifically, the maths favours Fidelity in two scenarios: if you're investing exclusively in funds (no dealing charges) and if your pot is above £250,000 (where the 0.20% tier kicks in). Below £100,000, cheaper platforms like iWeb or AJ Bell will save you money every year.

The pension annual allowance for 2025/26 remains at £60,000 — so if you're maximising contributions, your pot should grow through the fee tiers relatively quickly. Our pensions hub covers contribution strategies in more detail.

Fidelity's platform fee buys you more than just custody. The research and tools are genuinely useful — analyst ratings, fund comparisons, <a href="https://www.gov.uk/government/organisations/money-and-pensions-service">retirement calculators backed by MoneyHelper guidance</a>, and a fund range that includes Fidelity's own low-cost index trackers alongside thousands of third-party options.

The Fidelity index fund range deserves specific mention. The Fidelity Index World Fund charges 0.12% ongoing, and the Fidelity Index UK Fund charges 0.06%. These are among the cheapest tracker funds available in the UK, comparable to Vanguard's LifeStrategy range.

Junior accounts (Junior ISA, Junior SIPP) have no platform fee at all — a genuine advantage for parents investing for children. Exchange-traded investments held in a standard Investment Account also carry no service fee, though you'll still pay dealing charges.

The mobile app and online platform are significantly more polished than budget alternatives like iWeb. If you value being able to check your portfolio, run projections, and research funds without leaving the platform, Fidelity delivers. Whether that's worth the premium over a £5-per-trade flat-fee platform depends on how you use it.

For investors exploring their options across UK platforms, our investing hub compares approaches and strategies across providers.

Related reading: ISA guide.

Fidelity is the right platform if you invest primarily in funds within an <a href="https://www.gov.uk/individual-savings-accounts">ISA</a>, want decent research tools, and your portfolio sits between £25,000 and £250,000. The free fund dealing means your only ongoing cost is the 0.35% platform fee, and Fidelity's own index range keeps underlying fund charges low.

It's also strong for families — zero-fee junior accounts and the ability to manage ISAs, SIPPs, and children's accounts in one place has real value.

Fidelity is the wrong platform if you're primarily a share dealer. At £7.50 per trade plus 0.35% platform fee, you're paying significantly more than iWeb (£5, no platform fee) or even Interactive Investor (flat monthly fee covers all trades). For a portfolio of 10-15 individual shares with occasional rebalancing, the cost difference adds up.

It's also not ideal for very large portfolios in a single wrapper. The 0.20% tier above £250,000 sounds competitive until you compare it with iWeb's £198 SIPP cap or Interactive Investor's flat monthly fee. A £500,000 SIPP at Fidelity costs £1,000 per year. At iWeb, it's £198.

Read our full Fidelity platform review for a deeper look at the user experience, fund range, and how it compares on features beyond fees.

This article is for informational purposes only and does not constitute financial advice. You should seek independent financial advice before making any investment decisions.

Related reading: investing guide and ISA guide.