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Charles Stanley Direct Review 2024

Written by
Gyula L.
Fact checked by
Adam N.
Updated
4d ago
Key data
Fees
Safety
Deposit and withdrawal
Account opening
Mobile app
Web trading platform
Product selection
Regulated and trusted. Tested via live trading.
1,421 people chose this broker
Not available in United States; see best alternatives

Why choose Charles Stanley Direct

Charles Stanley Direct is a UK broker, regulated by the top-tier FCA.

Charles Stanley Direct has low fund fees. Its customer service is helpful and responsive, while deposit and withdrawal are easy and free. It is a good choice for beginner investors.

On the other hand, the product portfolio is quite narrow, as only the UK market is covered. In addition, educational and research tools are limited.

BrokerChooser gave Charles Stanley Direct a 4.2/5 rating based on analyzing 600+ criteria and testing via opening a live account.

  • Low fund fees
  • Great customer service
  • Easy deposit and withdrawal
Overall score
4.2/5
Minimum deposit
$25
Stock fee
High
Fund fee
Low
Inactivity fee
no
Account opening
1-3 days

Not sure if this is the right broker for you? See the best ones.

See how the best brokers in the United States compare to Charles Stanley Direct

US stock fee
Estimated commission of a $2,000 trade, assuming a $50 stock price

Fees

Score: 2.8/5
Charles Stanley Direct has low fund fees and low non-trading fees, but its stock and ETF fees are not the most competitive on the market.
  • Low non-trading fees
  • Low fund fees
  • No withdrawal fee

We compared Charles Stanley Direct's fees with two similar brokers we selected, Interactive Investor and Hargreaves Lansdown. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of Charles Stanley Direct alternatives.

High stock and ETF commission

Charles Stanley Direct UK stock fees are much higher than the industry average. UK stock fees are calculated as follows: £11.50 per trade, plus a subsequent annual 0.35% of the value of investments held, with a £24 minimum and £240 maximum (may be waived)

Broker
UK stock
Charles Stanley Direct
$14.4
Interactive Investor
$5.0
Hargreaves Lansdown
$14.9
Charles Stanley Direct stock and ETF commission

Low mutual fund commission

It’s extremely great as Charles Stanley Direct has commission-free Mutual fund trading.

Broker
Mutual fund
Charles Stanley Direct
$0.0
Interactive Investor
$5.0
Hargreaves Lansdown
$0.0
Charles Stanley Direct mutual fund commission

No inactivity fee, no withdrawal fee

It doesn't charge inactivity and withdrawal fees. It doesn't charge an account fee for Investment and ISA accounts either, but it does charge a £100 + VAT yearly account fee for SIPP accounts. This SIPP account fee is waived for accounts holding assets exceeding £30,000.

Broker
Inactivity fee
Withdrawal fee
Charles Stanley Direct
$0
Interactive Investor
$0
Hargreaves Lansdown
$0
Charles Stanley Direct inactivity, withdrawal and other fees

Safety

Charles Stanley Direct is overseen by the UK's FCA, a top-tier regulator, and its parent company, Raymond James Financial, Inc. is listed on the New York Stock Exchange. On the negative side, it does not have a banking license, however, its parent company is an investment bank.
  • High level of investor protection
  • Banking background
Read more

Deposit and withdrawal

Score: 3.3/5
Depositing and withdrawing money is easy and free with bank transfer at Charles Stanley Direct. Unfortunately, accounts are only available in British pounds.
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
Read more

Account opening

Score: 4.4/5
If you have a UK passport, the account opening procedure is quick and easy. If not, you have to mail in photocopied documents, making the process less convenient.
  • Fully digital
  • Low minimum deposit
  • User-friendly
Read more

Mobile app

Score: 3.7/5
The mobile platform looks nice; it's user-friendly and provides a good amount of data and feedback. On the other hand, there is no two-step login and you can't set up price alerts.
  • User-friendly
  • Good search function
  • Touch/Face ID login
Read more

Web trading platform

Score: 3.5/5
The web trading platform is user-friendly and delivers some of the usual basic functions. However, it lacks a safer two-step login, customizability and advanced order types.
  • User-friendly
  • Clear fee report
  • Price alerts
Read more

Product selection

Score: 1.5/5
Charles Stanley Direct offers only UK stocks, ETFs, mutual funds and bonds. International stocks or bonds can be traded offline, but options, futures or CFDs are missing completely.
Read more
“I recommend Charles Stanley Direct for beginners and buy-and-hold investors focusing on the UK market.”

FAQ

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Author of this review

Gyula Lencsés, CFA
Gyula Lencsés, CFA

Gyula is a former analyst expert and Head of Content at BrokerChooser. With over a decade in finance, he led content creation at BrokerChooser and personally evaluated some of our 100+ listed brokers. He opened real-money accounts, executed transactions, and engaged with customer services, offering firsthand assessments. Prior to BrokerChooser, he managed mutual funds in wealth management, trading stocks, ETFs, bonds, commodities, forex, and derivatives. His goal: simplify the hunt for top brokers in a dynamic investment landscape.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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