Charles Stanley Direct vs Lloyds Bank 2024
Is Charles Stanley Direct better than Lloyds Bank? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Charles Stanley Direct is better than Lloyds Bank.
Is Charles Stanley Direct better than Lloyds Bank? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Charles Stanley Direct is better than Lloyds Bank.
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0 of 5Overall Rating | Charles Stanley Direct | Lloyds Bank | |
---|---|---|---|
Overall Rating | |||
Charges & Fees | |||
Investment Choices | |||
Mobile App | |||
Website | |||
Ease of Use | |||
Education | |||
Review | Charles Stanley Direct Review | Lloyds Bank Review | |
Winner | check_circle |
Investments | Charles Stanley Direct | Lloyds Bank | |
---|---|---|---|
ISA | Yes | Yes | |
SIPP | Yes | Yes | |
Share Trading | Yes | Yes | |
CFD Trading | No | No | |
Funds | Yes | Yes | |
ETFs | Yes | Yes | |
Bonds - Corporate | Yes | Yes | |
Bonds - Government (Gilts) | Yes | Yes | |
Investment Trusts | Yes | Yes | |
Spread Betting | No | No | |
Crypto Trading | No | No | |
Advisor Services | Yes | Yes |
Trading Fees | Charles Stanley Direct | Lloyds Bank | |
---|---|---|---|
Minimum Deposit | £0 | £0 | |
Share Trading: 0-9 Deals/ Month | £0 - £10 | £8, £10, £11 | |
Share Trading: 10-19 Deals/ Month | £10 | £8 | |
Share Trading: 20+ Deals/ Month | £10 | £8 | |
5 trades per year (£30k portfolio) | £57.50 | £95 | |
12 trades per year (£30k portfolio) | £138 | £40 - £172 | |
36 trades per year (£30k portfolio) | £414 | £40 - £328 | |
120 trades per year (£30k portfolio) | £1,380 | £40 / £1,000 | |
3 fund trades per year (£30k portfolio) | £90 - £102 | £44.50 | |
Annual Custody Fee: £0 - £250,000 | £60 - £600 | £40 | |
Annual Custody Fee: £250K-£500K | £600 | £40 | |
Annual Custody Fee: £500,000 - £1m | £600 | £40 | |
Annual Custody Fee: £1m and over | £600 | £40 | |
Bonds - Corporate - Fee | £25 | £8 - £11 | |
Bonds - Government (Gilts) - Fee | £25 | £8 - £11 | |
ETFs - Fee | £10 | ||
Investment Trusts - Fee | £10 | ||
Telephone Dealing Fee | £25 minimum | £35 |
Broker Screenshots | Charles Stanley Direct | Lloyds Bank | |
---|---|---|---|
Website Gallery (click to expand) | |||
Mobile Trading Apps Gallery (click to expand) | |||
Education Gallery (click to expand) |
Platforms & Tools | Charles Stanley Direct | Lloyds Bank | |
---|---|---|---|
Web Platform | Yes | Yes | |
iPhone App | Yes | Yes | |
Android App | Yes | Yes | |
Stock Alerts | Yes | Yes | |
Charting - Indicators / Studies | 14 | 0 | |
Charting - Drawing Tools | 1 | 0 | |
Charting - Notes | No | No | |
Charting - Display Corporate Events | No | No | |
Charting - Stock Overlays | Yes | No | |
Charting - Index Overlays | Yes | No |
Research | Charles Stanley Direct | Lloyds Bank | |
---|---|---|---|
Research - Shares | Yes | Yes | |
Research - CFDs | No | No | |
Research - Funds | Yes | Yes | |
Fund Research - Research Reports | Yes | Yes | |
Research - ETFs | Yes | Yes | |
Research - Bonds | No | Yes | |
Portfolio Allocation Breakdown | Yes | No |
Education | Charles Stanley Direct | Lloyds Bank | |
---|---|---|---|
Education (Share Trading) | Yes | No | |
Education (Funds) | Yes | No | |
Education (Retirement) | Yes | No | |
Client Webinars | No | No | |
Client Webinars (Archived) | Yes | No |
Overall Summary | Charles Stanley Direct | Lloyds Bank | |
---|---|---|---|
Overall Rating | |||
Charges & Fees | |||
Investment Choices | |||
Mobile App | |||
Website | |||
Ease of Use | |||
Education | |||
Review | Charles Stanley Direct Review | Lloyds Bank Review | |
Winner | check_circle |
Comparing online share dealing platforms side by side is no small task. For our 2024 review of U.K. brokers, more than 900 data points were collected over a 10-week period and used to score each broker. Let’s compare Charles Stanley Direct and Lloyds Bank.
For our 2024 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Charles Stanley Direct vs Lloyds Bank.
It's easy for current Lloyds Bank customers to open a Lloyds Bank Share Dealing investment account. But there are other platforms that are easier, more comprehensive and cheaper to use, including Halifax, which is also owned by Lloyds Banking Group.
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, Lloyds Bank 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 - Charles Stanley Direct would cost £57.50 per year, while Lloyds Bank would cost £95 per year.
12 trades per year - Charles Stanley Direct would cost £138 per year, while Lloyds Bank would cost £40 - £172 per year.
36 trades per year - Charles Stanley Direct would cost £414 per year, while Lloyds Bank would cost £40 - £328 per year.
120 trades per year - Charles Stanley Direct would cost £1,380 per year, while Lloyds Bank would cost £40 / £1,000 per year.
3 fund trades per year - Charles Stanley Direct would cost £0 per year, while Lloyds Bank would cost £0 per year.
What type of trader are you?
New to the world of investing? See my picks for the best UK trading platforms for beginners. More experienced traders should check out my guide to the best UK Trading Platforms for Active Traders. If you're looking to trade shares on the go, read my guide to the best UK stock trading apps.
Charles Stanley Direct requires a minimum deposit of £0, while Lloyds Bank requires a minimum deposit of £0. From our testing we found for accounts between £0 - £250,000 Charles Stanley Direct charges annual custody fees of £60 - £600, while Lloyds Bank charges annual custody fees of £40.
Both Charles Stanley Direct and Lloyds Bank offer ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services. Neither have CFD Trading, Spread Betting and Crypto Trading. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.
Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that Both Charles Stanley Direct and Lloyds Bank offer SIPP and ISA accounts.
In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that neither Charles Stanley Direct nor Lloyds Bank offer crypto investing.
Our testing concluded that the website of Lloyds Bank is better than the website of Charles Stanley Direct. Lloyds Bank offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.
To compare the trading platforms of both Charles Stanley Direct and Lloyds Bank, we tested each broker's stock trading app. All features compared, our analysis finds that Lloyds Bank offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.
Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that Charles Stanley Direct offers traders access to Client Webinars (Archived), Education (Share Trading), Education (Funds) and Education (Retirement), while Lloyds Bank offers access to neither of these. Neither have Client Webinars.
Overall winner: Charles Stanley Direct