After seven months and hundreds of hours of researching ten different share dealing brokers
, the UK.StockBrokers.com team collected thousands of data points. To focus on two brokers, we will now compare Charles Stanley Direct vs Halifax.
First, we will compare the fees charged for dealing in the UK. There are two primary fees: the cost to place each trade and the monthly, quarterly, or annual management fee charged which varies depending on the type and size of your portfolio. We researched both to provide a single star rating for cost. Halifax received a rating of 4.00 stars over Charles Stanley Direct's 3.50 stars.
Cost aside, we can now compare popular features and tools investors prefer. Access to the investments you want is important, and Halifax offers clients ISA and SIPP while Charles Stanley Direct offers ISA, ISA - Junior and SIPP. Next, some traders desire robust charting, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Both Charles Stanley Direct and Halifax provide clients with access to 1 total charting tools. Halifax offers its clients access to 43 different indicators (for example, volume) while Charles Stanley Direct has 19 available indicators, a difference of 24. Both Charles Stanley Direct and Halifax offer basic stock alerts. Finally, for researching funds while share dealing, having access to mutual fund research reports is also helpful. Charles Stanley Direct nor Halifax offers fund research reports.
Overall, Halifax boasts 3.50 stars versus Charles Stanley Direct's 3.00 stars. And, when it comes to individual category awards, Halifax was rated Best in Class - Customer Service in 2017, while Charles Stanley Direct was rated none of these.