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 Charles Stanley Direct vs Halifax.
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. Halifax is a better option with a 4.00 star rating over Charles Stanley Direct's 3.50 star rating.
Account charges aside, we can now compare features and tools investors want in their share dealing accounts. Access to the investments is important, and Halifax supports ISA and SIPP while Charles Stanley Direct supports ISA, ISA - Junior and SIPP. 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. Both brokers offer clients access to the same number of charting tools, 1. Charles Stanley Direct trails Halifax by 24 total different indicators (for example, moving averages), with Halifax offering 43 and Charles Stanley Direct offering 19. Charles Stanley Direct alongside Halifax offer basic stock alerts. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Neither Charles Stanley Direct and Halifax offer fund research reports.
Overall, between Charles Stanley Direct and Halifax, Halifax is the winner
Charles Stanley Direct Review