It is a fact that financial scams have made people more scared than before. If you are a beginner and perturbed about your money investment, don`t worry, your tension is over. Now, you have a trustworthy and authentic option, i.e. Fidelity UK. This article will discuss how Fidelity UK appears to be a leading player in the UK platform space.
So without further ado, let’s start right away.
Is Fidelity UK Safe for Beginners?
Yes, it is safe and secure. No doubt, money investment is a risky task, but Fidelity UK indeed cuts the mustard in this order. It is a trustworthy brokerage that has the following of more than 1 million clients in the UK. Its efficiency is not limited to the UK; it has fame worldwide. As the world’s largest money manager, Fidelity UK deals with over $812. billion of assets.
However, This privately owned company has the confidence of over 24 countries with more than 8,400 employees. As UK`s Financial Conduct Authority (FCA) regulates it, there is no doubt about its authenticity. In case of a company bust, FCA will protect the investors with an amount of £85,000.
What is Fidelity UK?
Fidelity UK is a trustworthy stockbroker for private and institutional investors. It was founded in 1969 as the international arm of the UK platforms. It provides investment services like mutual funds and pension management for its users. Having more than 2.85 million clients, Fidelity UK is working with the assets of global investors.
Fidelity UK Accounts
Fidelity UK facilitates you with different types of investing and saving options. You can choose one of them to get your leg in the door. So, carefully read the below-mentioned details of investing and saving options.
Individual Saving Account (ISA)
Take a start with ISA; this account presents a good start for beginners. You can open an Individual Saving Account for just £50. Further, the user can invest more than £20.000 in a year without the tension of income tax.
Besides, ISA frequently offers different prize draws where you can hit the jackpot. The users win back the sum they initially invested and also get the opportunity to double their money. Isn’t it too good to be true?
Self-Invested Personal Pension (SIPP)
You might have heard, “Savings can save you”. If you are worried about your savings for the future, invest your money in a SIPP account. This account of Fidelity UK is a guarantee of your prosperous future. Having a great investment plan, a Self-Invested Personal Pension manages your pension and retirement funds.
Moreover, you can invest in a wide range of sums because the government will provide you 20% tax relaxation. So, invest in a worth-investing SIPP account without further delay.
Junior Stocks and Shares ISA
Do you have a minor to look after? Prove yourself a responsible guardian with the investment in a Junior ISA account. According to the terms of Fidelity UK, a legal guardian can open and manage a portfolio on behalf of the minor.
Furthermore, the child can only access his or her investment account after the age of 18. You can invest more than £4128, but the minimum investment for Junior ISA is £50 per month.
Junior Self-Invested Personal Pension (SIPP)
The Junior Self-Invested Personal Pension account has similarities to Junior ISA. There is the same rule of age limitation and authority restriction. SIPP offers 20% tax relaxation for investing over £2880 per year. So, start saving right now with a tax-efficient portfolio.
Essential Features of Fidelity UK
Cooperative Fee Structure
Fidelity UK possesses an average fee structure to pave the way for your investment. It has low mutual funds and ETF fees, but you should also keep an eye on free withdrawals and deposits. Due to its cooperative fee structure, beginners can take it as their best bet.
Advisory Service of Fidelity UK
Your retirement and pension issues are no longer a worry for you. Now you can get retirement without worrying about the shortage of money. Fidelity UK sets up a team of experts to manage your investments. This team not only handles your account but also does plannings for your future.
Portfolios Managing Tools and Calculators
Fidelity UK has excellent tools and calculators to handle the investments of different portfolios. This digital calculating system determines the trading and investing probability. This system’s navigation works fast and accurately.
Fund Filters and Updates
Fidelity UK provides you with fund updates of share prices and market data. It lets you compare and filter your funds to cover the risk associated with your money. With this feature, you can easily estimate the cruciality and then take calculated risks.
Pros and Cons
Pros
- Low trading fees
- No charges for deposit and withdrawal.
- Fast and user-friendly service.
- Well-designed and valuable research tools.
- Novel trading ideas.
- Debit card facility.
- Quick account opening.
- Professionally managed portfolios.
- Stock and ETF funds.
Cons
- Necessary UK residence.
- Electronic wallet service is not available.
- Product selection is limited.
Fidelity UK Login
Fidelity UK account service is just for UK nationals. Making a portfolio is just a walk in the park for the residents of the Uk. This process requires basic information about the user to login into an account. After verifying your details electronically, it doesn`t demand proof of ID or address.
On the flip side, things go wrong when your verification fails. Then, you have to fill out a confirmation and identity formation. To let them grasp your identity, you have to provide some documents, such as:
- Copy of UK valid passport.
- Copy of your national ID card or EU identity card.
- A council tax bill.
- A utility bill.
- A government-issued document about entitlements.
- The photocopy of the UK driving license.
Conclusion- Fidelity UK Review
Money management is no more a nightmare for beginners. Take a good start with a reliable brokerage working globally. Fidelity UK is an excellent platform for you as a beginner if you live in the UK. Being an international company, it can do all the heavy lifting and works as a guiding star, not letting you get astray from the right path.
So, Invest your money at the drop of a hat. Its precise terms and conditions make you independently manage money on your own. What do you think about Fidelity Uk? Do not forget to tell us in the comment section. Visit Somquest to learn more.