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 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 received a rating of 4.50 stars over 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 supports ISA, SIPP and Spread Betting 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. IG Group offers its clients access to 19 charting tools while Charles Stanley Direct has 1 charting tools, a difference of 18. IG Group offers its clients access to 26 different indicators (for example, volume) while Charles Stanley Direct has 19 available indicators, a difference of 7. Charles Stanley Direct and IG Group both 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, between Charles Stanley Direct and IG Group, IG Group is the winner
Charles Stanley Direct Review
IG Group Review