To find a right broker for share dealing
, we spent seven months and hundreds of hours of assessing 12 different share dealing brokers based in the UK. Here, we will focus on two brokers and compare Alliance Trust Savings vs Charles Stanley Direct.
Our comparison begins with the fees charged for dealing shares in the UK and being a client. The two main charges to focus on include the cost to place each trade alongside the monthly, quarterly, or annual management fee charged (varies depending on the type and size of your portfolio). We researched both to provide a single star rating for cost. Alliance Trust Savings's score is 4.00 stars versus Charles Stanley Direct's 3.50 stars.
Account charges aside, we can now compare features and tools investors want in their share dealing accounts. Access to the investments is important, and Charles Stanley Direct offers clients ISA, ISA - Junior and SIPP while Alliance Trust Savings offers ISA, ISA - Junior, SIPP and SIPP - Junior. Also, some investors require a high-quality charting experience, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Alliance Trust Savings and Charles Stanley Direct offer the same number of charting tools, 1. Alliance Trust Savings trails Charles Stanley Direct by 9 total different indicators (for example, moving averages), with Charles Stanley Direct offering 19 and Alliance Trust Savings offering 10. Charles Stanley Direct makes basic stock alerts available to clients, while Alliance Trust Savings does not. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Alliance Trust Savings offers fund research reports while Charles Stanley Direct does not.
Overall, between Alliance Trust Savings and Charles Stanley Direct, Alliance Trust Savings is the winner
Alliance Trust Savings Review
Charles Stanley Direct Review