After seven months and hundreds of hours of researching ten different share dealing brokers
, the UK.StockBrokers.com team collected thousands of data points. To focus on two brokers, we will now compare Charles Stanley Direct vs Saxo Capital Markets.
First, we will compare the fees charged for dealing in the UK. There are two primary fees: the cost to place each trade and the monthly, quarterly, or annual management fee charged which varies depending on the type and size of your portfolio. We researched both to provide a single star rating for cost. Both Charles Stanley Direct and Saxo Capital Markets are rated 3.50 stars.
Cost aside, we can now compare popular features and tools investors prefer. Access to the investments you want is important, and Saxo Capital Markets offers clients ISA and SIPP while Charles Stanley Direct offers ISA, ISA - Junior and SIPP. Next, some traders desire robust charting, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Saxo Capital Markets boasts an offering of 17 charting tools compared to Charles Stanley Direct's 1 available charting tools. Charles Stanley Direct trails Saxo Capital Markets by 29 total different indicators (for example, moving averages), with Saxo Capital Markets offering 48 and Charles Stanley Direct offering 19. Charles Stanley Direct and Saxo Capital Markets both offer basic stock alerts. Finally, for researching funds while share dealing, having access to mutual fund research reports is also helpful. Charles Stanley Direct nor Saxo Capital Markets offers fund research reports.
Overall, Saxo Capital Markets takes the upper hand with 4.50 stars over Charles Stanley Direct's 3.00 stars. And, when it comes to individual category awards, Saxo Capital Markets was rated Best in Class - Platforms & Tools and Best in Class - Mobile Trading in 2017, while Charles Stanley Direct was rated none of these.