Fidelity International vs Frec - BrokerCue
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Broker Comparison

Fidelity International vs Frec

Compare Fidelity International and Frec side by side: fees, regulation, platforms.

Fidelity International

Fidelity International

Long-term fund and ISA investors

Fidelity International is a UK-regulated investment platform offering stocks, ETFs, funds, ISAs and SIPPs wit…

VS
Frec

Frec

Tax-conscious self-directed investors

Frec is a US direct indexing platform offering automated tax-loss harvesting, fractional stock ownership of i…

Head-to-head comparison

Fidelity International vs Frec
Feature Fidelity International Frec
Minimum deposit - -
Stock trading fee £7.50 per online trade; £1.50 per trade via regular savings plan; £30 by phone $0 commission
Regulators FCA SEC, FINRA, SIPC
Best for Long-term fund and ISA investors Tax-conscious self-directed investors
Markets & account
Stocks
ETFs
Bonds
-
Funds
-
Ready Made Portfolios
Isa
-
Sipp
-
Investment Plans
-
Fractional Shares
-
Money Market Funds
-
Margin
-

Pros & cons

Fidelity International

Fidelity International

Pros

  • No dealing fee on funds
  • Annual service fee capped at £2,000
  • ETF and share custody fee capped at £90 per year inside ISA or SIPP
  • No service fee on Junior ISA, Junior SIPP, or Investment Account (exchange-traded assets)
  • No deposit, withdrawal, or inactivity fees
  • Access to over 2,500 funds from multiple providers
  • Ready-made ISA portfolios available via Fidelity Navigator
  • FCA regulated with FSCS protection up to £85,000

Cons

  • £7.50 per trade is relatively high for infrequent share or ETF buyers
  • No fractional shares
  • No demo account
  • No multi-currency account
  • No margin lending
  • No CFDs, forex, options, futures, or crypto
  • FX conversion markup of 0.75% applies to the first £10,000
  • Minimum service fee of £7.50 per month (£90 per year) applies to accounts under £25,000 without a regular savings plan
Frec

Frec

Pros

  • Direct indexing annual fee as low as 0.09%
  • Minimum investment of $20,000 - lower than many competitors
  • Automated daily tax-loss harvesting
  • Fractional share ownership of individual index constituents
  • High-yield Treasury account for uninvested cash
  • Portfolio line of credit up to 70% of account value
  • Portfolio customization - exclude sectors or individual stocks
  • Transparent trade log showing each trade and its rationale

Cons

  • No human financial adviser support
  • High minimum investment ($20,000-$50,000) excludes smaller investors
  • International index strategies use ADR-based replication rather than direct ownership of foreign shares
  • Fractional shares cannot be transferred out in kind
  • Mutual fund trades cost $20 per transaction
  • Tax-loss harvesting benefits are minimal for investors in lower tax brackets
  • Early-stage company with limited track record
Fidelity International

Fidelity International

Fidelity International is a UK-regulated investment platform offering stocks, ETFs, funds, ISAs and SIPPs with a tiered service fee and free fund dealing.

Visit Fidelity International Read review

Your capital is at risk. Other fees apply.

Frec

Frec

Frec is a US direct indexing platform offering automated tax-loss harvesting, fractional stock ownership of indices, a Treasury account, and a portfolio line of credit.

Visit Frec Read review

Your capital is at risk. Other fees apply.

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