Both are FCA regulated and FSCS protected. The real differences are fees, investment range and how each platform feels to use. Here is the honest comparison.
Fees verified July 2026. Capital at risk. Information, not financial advice.
Cost-conscious DIY investors who want to keep every fee at zero.
Fund investors who value guidance, tools and phone support.
| Fee | Trading 212 | Fidelity |
|---|---|---|
| Platform fee | £0 | 0.35% up to £250k (0.20% above); £90/year flat if under £25k without a regular savings plan |
| Share dealing | £0 commission | £7.50 per online trade |
| Fund dealing | ETFs only, £0 commission | Free |
| FX fee | 0.15% | 0.75% tiered |
| Stocks & Shares ISA | Free | Platform fee applies |
| SIPP | Free | Platform fee applies |
| Withdrawals | Free | Free |
| Minimum to start | £1 | £25/month or £1,000 lump sum |
Reviewers consistently rate the app as easy to use and good value, and many mention the competitive interest paid on uninvested cash.
The most common criticisms are slow identity verification for new accounts and support that can take time to respond.
Read Trading 212 reviews on TrustpilotReviewers highlight helpful phone support and a straightforward transfer process.
The £7.50 share dealing charge and dated parts of the website draw criticism.
Read Fidelity reviews on TrustpilotTrading 212 built its name on removing fees. There is no platform fee, no dealing commission and no account charge on its ISA or SIPP. The only cost most investors pay is a 0.15% currency conversion fee when buying shares priced in dollars or euros.
The trade-off is scope. You can hold shares and ETFs but not traditional funds, and support is app-based. For an investor who wants a global tracker ETF inside an ISA at close to zero cost, it is very hard to beat on price.
Fidelity is a solid full-service choice for fund investors. Fund dealing is free, the ETF and share service fee is capped at £90 a year, and the guidance content is some of the best of the big platforms.
Costs are less friendly if you trade shares often or hold a small account without a regular savings plan. Compare it against AJ Bell if you want similar breadth with lower dealing charges.
A 0.2% fee difference is worth optimising. Knowing whether you are saving enough in the first place is worth far more. Delphina models your pensions, ISAs and investments and tells you where you actually stand.