To find a right broker for share dealing
, we spent seven months and hundreds of hours of assessing ten different share dealing brokers based in the UK. Here, we will focus on two brokers and compare Charles Stanley Direct vs IG Group.
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. IG Group's score is 4.50 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 IG Group provides its clients with ISA, SIPP and Spread Betting while Charles Stanley Direct provides clients access to 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. Charles Stanley Direct trails IG Group by 18 total charting tools, with IG Group offering 19 and Charles Stanley Direct offering 1. Charles Stanley Direct trails IG Group by 7 total different indicators (for example, moving averages), with IG Group offering 26 and Charles Stanley Direct offering 19. Both Charles Stanley Direct and IG Group offer basic stock alerts. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Charles Stanley Direct nor IG Group offers fund research reports.
Overall, IG Group takes the upper hand with 4.50 stars over Charles Stanley Direct's 3.00 stars. And, when it comes to individual category awards, IG Group finished with awards Best in Class - Platforms & Tools, Best in Class - Mobile Trading and Best in Class - Education in 2017, while Charles Stanley Direct came up with none of these.