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 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's score is 4.00 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 Interactive Investor provides its clients with ISA, ISA - Junior, 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 offers its clients access to 1 charting tools while Interactive Investor has 0 charting tools, a difference of 1. 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. Charles Stanley Direct alongside 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, between Charles Stanley Direct and Interactive Investor, Interactive Investor is the winner
Charles Stanley Direct Review
Interactive Investor Review