Fees
Alongside the cost per trade, most UK online brokers also charge a monthly, quarterly, or annual management fee, which varies based on the account type and balance. Based on our thorough review, Interactive Brokers offers better pricing than Charles Stanley Direct for share dealing.
Assuming a £30,000 portfolio size, here are the total annual costs for share dealing with both brokers, given different monthly activity scenarios.
5 trades per year - Interactive Brokers would cost £15 per year, while Charles Stanley Direct would cost £57.50 per year.
12 trades per year - Interactive Brokers would cost £36 per year, while Charles Stanley Direct would cost £138 per year.
36 trades per year - Interactive Brokers would cost £108 per year, while Charles Stanley Direct would cost £414 per year.
120 trades per year - Interactive Brokers would cost £360 per year, while Charles Stanley Direct would cost £1,380 per year.
3 fund trades per year - Interactive Brokers would cost £0 per year, while Charles Stanley Direct would cost £0 per year.
Investment Choices
When comparing Interactive Brokers and Charles Stanley Direct, UK investors will find both platforms offering a wide range of investment options. Both brokers provide access to share trading, ETFs, funds, corporate bonds, government bonds, and investment trusts. However, those interested in crypto trading or spread betting will need to look elsewhere, as neither broker supports these. Notably, Interactive Brokers offers CFD trading, which is absent from the offerings at Charles Stanley Direct. On the other hand, Charles Stanley Direct does provide advisor services, an area where Interactive Brokers does not.
In terms of performance ratings, both brokers have earned high marks for investment choices, receiving 5 stars from UK.StockBrokers.com. Yet, Interactive Brokers holds an edge, being ranked #2 out of 18 brokers, while Charles Stanley Direct sits at #6. This suggests a slight preference for Interactive Brokers' offerings in the investment community, potentially providing a bit more diversity for motivated investors. Whether you prioritize breadth of products or additional services, both platforms offer solid choices for UK investors.
Feature |
Interactive Brokers
|
Charles Stanley Direct
|
Share Trading
info
|
Yes
|
Yes
|
CFD Trading
info
|
Yes
|
No
|
ETFs
info
|
Yes
|
Yes
|
Funds
info
|
Yes
|
Yes
|
Bonds - Government (Gilts)
info
|
Yes
|
Yes
info |
Investment Trusts
info
|
Yes
|
Yes
|
Spread Betting
info
|
No
|
No
|
Crypto Trading
info
|
No
|
No
|
Advisor Services
info
|
No
|
Yes
|
Investment Choices
|
|
|
Professional’s Gateway to the World’s Markets.
Low-cost US and UK shares.
Trading Tools
When comparing the trading tools of Interactive Brokers and Charles Stanley Direct, UK investors will find distinct differences in features and capabilities. Interactive Brokers stands out for its sophisticated charting tools, offering the ability to display corporate events like earnings and splits directly on charts, a feature not found on Charles Stanley Direct. Additionally, Interactive Brokers equips users with 80 drawing tools and 96 technical indicators, significantly surpassing Charles Stanley Direct, which provides only 1 drawing tool and 14 technical indicators. Moreover, Interactive Brokers allows users to add notes to their charts, enhancing personal analysis capabilities, while Charles Stanley Direct does not support this feature.
Both platforms permit the addition of index and stock overlays to charts and offer browser-based trading platforms. In terms of market alerts for stock price updates, each platform efficiently serves this need. However, when it comes to the immediacy of data, Charles Stanley Direct gains an edge with its real-time market data, a service not available with Interactive Brokers. This key difference could influence the choice of platform depending on an investor's need for up-to-the-minute data versus a more comprehensive charting package.
Feature |
Interactive Brokers
|
Charles Stanley Direct
|
Web Platform
info
|
Yes
|
Yes
|
Stock Alerts
info
|
Yes
|
Yes
|
Charting - Indicators / Studies
info
|
96
|
14
|
Charting - Drawing Tools
info
|
80
|
1
info |
Charting - Notes
info
|
Yes
|
No
|
Charting - Display Corporate Events
info
|
Yes
|
No
|
Charting - Stock Overlays
info
|
Yes
|
Yes
|
Charting - Index Overlays
info
|
Yes
|
Yes
|
ISAs and SIPPs
For UK investors seeking retirement accounts through online brokers, both Interactive Brokers and Charles Stanley Direct offer Individual Savings Accounts (ISAs) and Self-Invested Personal Pensions (SIPPs). Interactive Brokers provides a platform for diverse international investments, making it suitable for those interested in accessing a wide range of global markets. Charles Stanley Direct, known for its straightforward service, may appeal to investors who prefer guidance and a user-friendly experience for managing domestic investments. Whether seeking global market access with Interactive Brokers or straightforward services from Charles Stanley Direct, both options support ISAs and SIPPs, offering flexibility for retirement savings strategies.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
Mobile App
For UK investors deciding between Interactive Brokers and Charles Stanley Direct, both offer handy mobile apps for iPhone and Android users. However, when it comes to app performance, Interactive Brokers boasts a higher rating of 5 stars from UK.StockBrokers.com, placing it impressively at 4th among 18 brokers. In contrast, Charles Stanley Direct holds a 3.5-star rating, ranking 20th according to the same source. If superior mobile trading experience is a priority, Interactive Brokers clearly edges ahead in this comparison.
Dive deeper: Best Stock Trading Apps UK.
Beginners and Education
For beginner investors in the UK, Interactive Brokers and Charles Stanley Direct offer a range of educational resources, yet there are notable distinctions. Interactive Brokers provides live client webinars, a feature lacking in Charles Stanley Direct's offerings. Both platforms, however, archive these sessions for convenient on-demand access. When it comes to learning about share trading, funds, and retirement, each broker delivers comprehensive educational materials. Despite having the same UK.StockBrokers.com rating of 4.5 stars for beginner education, Interactive Brokers is positioned higher, ranking 8th out of 18, while Charles Stanley Direct ranks 12th. This makes Interactive Brokers slightly more appealing for those prioritizing structured beginner-friendly content.
Feature |
Interactive Brokers
|
Charles Stanley Direct
|
Client Webinars
info
|
Yes
|
No
|
Client Webinars (Archived)
info
|
Yes
|
Yes
|
Education (Share Trading)
info
|
Yes
|
Yes
|
Education (Funds)
info
|
Yes
|
Yes
|
Education (Retirement)
info
|
Yes
|
Yes
|
Education
|
|
|
Dive deeper: Best UK Trading Platforms for Beginners.
Market Research
For UK investors seeking comprehensive market research features, both Interactive Brokers and Charles Stanley Direct offer valuable options. Both platforms provide research reports for funds and allow investors to view portfolio allocation by asset class. Additionally, they offer research on shares, ETFs, and funds, catering to a variety of investment interests. However, Interactive Brokers stands out with research offerings on CFDs and bonds, which Charles Stanley Direct does not provide. This distinction may be particularly important for those looking to diversify their research resources in these specific areas.
Feature |
Interactive Brokers
|
Charles Stanley Direct
|
Research - Shares
info
|
Yes
|
Yes
|
Research - CFDs
info
|
Yes
|
No
|
Research - ETFs
info
|
Yes
|
Yes
|
Research - Bonds
info
|
Yes
|
No
|
Research - Funds
info
|
Yes
|
Yes
|
Fund Research - Research Reports
info
|
Yes
|
Yes
|
Portfolio Allocation Breakdown
info
|
Yes
|
Yes
|
Interactive Brokers vs Charles Stanley Direct Winner
Which broker is better overall, Interactive Brokers or Charles Stanley Direct? After collecting more than 900 data points over a 10-week period, we found Interactive Brokers to be a better trading platform overall.
Interactive Brokers is a sophisticated trading platform aimed at confident and institutional-grade investors. For newer investors, Interactive Brokers is more intimidating, though it's worth exploring the platform to see if you could save money or access more investments compared to other brokers.
FAQs
Can you trade cryptocurrency with Interactive Brokers or Charles Stanley Direct?
Neither Interactive Brokers nor Charles Stanley Direct offer crypto trading options, highlighting a limitation in cryptocurrency investments for users of these online brokers.
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Investments
|
Interactive Brokers |
Charles Stanley Direct |
|
ISA info
|
Yes
|
Yes
|
|
SIPP info
|
Yes
|
Yes
|
|
Share Trading info
|
Yes
|
Yes
|
|
CFD Trading info
|
Yes
|
No
|
|
Funds info
|
Yes
|
Yes
|
|
ETFs info
|
Yes
|
Yes
|
|
Bonds - Corporate info
|
Yes
|
Yes
|
|
Bonds - Government (Gilts) info
|
Yes
|
Yes
info
|
|
Investment Trusts info
|
Yes
|
Yes
|
|
Spread Betting info
|
No
|
No
|
|
Crypto Trading info
|
Yes
info
|
No
|
|
Advisor Services info
|
No
|
Yes
|
|
Trading Fees
|
Interactive Brokers |
Charles Stanley Direct |
|
Minimum Deposit info
|
£0
|
£0
|
|
Share Trading: 0-9 Deals/ Month info
|
£3
|
£0 - £10
info
|
|
Share Trading: 10-19 Deals/ Month info
|
£3
|
£10
|
|
Share Trading: 20+ Deals/ Month info
|
£3
|
£10
|
|
5 trades per year (£30k portfolio) info
|
£15
|
£57.50
|
|
12 trades per year (£30k portfolio) info
|
£36
|
£138
|
|
36 trades per year (£30k portfolio) info
|
£108
|
£414
|
|
120 trades per year (£30k portfolio) info
|
£360
|
£1,380
|
|
3 fund trades per year (£30k portfolio) info
|
£0 / £14.85
info
|
£90 - £102
|
|
Annual Custody Fee: £0 - £250,000 info
|
£0
|
£60 - £600
|
|
Annual Custody Fee: £250K-£500K info
|
£0
|
£600
|
|
Annual Custody Fee: £500,000 - £1m info
|
£0
|
£600
|
|
Annual Custody Fee: £1m and over info
|
£0
|
£600
|
|
Bonds - Corporate - Fee info
|
0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR)
|
£25
|
|
Bonds - Government (Gilts) - Fee info
|
0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR)
|
£25
info
|
|
ETFs - Fee info
|
£3
|
£10
info
|
|
Investment Trusts - Fee info
|
N/A
|
£10
|
|
Telephone Dealing Fee info
|
£25
|
£25 minimum
|
|
Broker Screenshots
|
Interactive Brokers |
Charles Stanley Direct |
|
Website Gallery (click to expand) |
|
|
|
Mobile Trading Apps Gallery (click to expand) |
|
|
|
Education Gallery (click to expand) |
|
|
|
Platforms & Tools
|
Interactive Brokers |
Charles Stanley Direct |
|
Web Platform info
|
Yes
|
Yes
|
|
iPhone App info
|
Yes
|
Yes
|
|
Android App info
|
Yes
|
Yes
|
|
Stock Alerts info
|
Yes
|
Yes
|
|
Charting - Indicators / Studies info
|
96
|
14
|
|
Charting - Drawing Tools info
|
80
|
1
info
|
|
Charting - Notes info
|
Yes
|
No
|
|
Charting - Display Corporate Events info
|
Yes
|
No
|
|
Charting - Stock Overlays info
|
Yes
|
Yes
|
|
Charting - Index Overlays info
|
Yes
|
Yes
|
|
Research
|
Interactive Brokers |
Charles Stanley Direct |
|
Research - Shares info
|
Yes
|
Yes
|
|
Research - CFDs info
|
Yes
|
No
|
|
Research - Funds info
|
Yes
|
Yes
|
|
Fund Research - Research Reports info
|
Yes
|
Yes
|
|
Research - ETFs info
|
Yes
|
Yes
|
|
Research - Bonds info
|
Yes
|
No
|
|
Portfolio Allocation Breakdown info
|
Yes
|
Yes
|
|
Education
|
Interactive Brokers |
Charles Stanley Direct |
|
Education (Share Trading) info
|
Yes
|
Yes
|
|
Education (Funds) info
|
Yes
|
Yes
|
|
Education (Retirement) info
|
Yes
|
Yes
|
|
Client Webinars info
|
Yes
|
No
|
|
Client Webinars (Archived) info
|
Yes
|
Yes
|
|
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