In a way, it’s an unfair comparison as they offer quite different types of platform. Fidelity provides an investment supermarket which means there is access to a broad range of investments. Meanwhile, the Vanguard Investor platform offers access to Vanguard funds only.
Crucially, Vanguard does not currently provide a mobile app for UK investors. It’s up to you whether you care about this. Whilst some discourage regular checking in on investments, preferring a ‘set and forget’ approach, others value the handiness of a mobile app.
If you want to invest in more than Vanguard funds, then Fidelity provides a very cost-effective platform. But, if it’s only Vanguard funds you’re interested in, then perhaps Vanguard Investor is a better fit for you.
For example, a £50,000 portfolio invested in Vanguard funds with Fidelity would incur £175 in platform fees per year. By comparison, it’s just £75 with Vanguard directly.
*Humanity Disclaimer: charges correct at time of writing and are subject to change.