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 Interactive Investor.
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. Interactive Investor received a rating of 4.00 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 Interactive Investor supports ISA, ISA - Junior, 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. Interactive Investor trails Charles Stanley Direct by 1 total charting tools, with Charles Stanley Direct offering 1 and Interactive Investor offering 0. Interactive Investor trails Charles Stanley Direct by 8 total different indicators (for example, moving averages), with Charles Stanley Direct offering 19 and Interactive Investor offering 11. Both Charles Stanley Direct and Interactive Investor offer basic stock alerts. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Interactive Investor has fund research reports, Charles Stanley Direct doesn't.
Overall, Interactive Investor boasts 4.50 stars versus Charles Stanley Direct's 3.00 stars. And, when it comes to individual category awards, Interactive Investor finished with awards Best in Class - Research and Best in Class - Education in 2017, while Charles Stanley Direct came up with none of these.