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Written by: Gyula L. Updated: Dec 2022
Expert verified
Recommended for
  • beginners
Trusted broker
Regulated by top-tier financial authorities
Popularity
122 people chose this broker in the last 6 months
BrokerChooser Score
4.5/5

Charles Stanley Direct review summary

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 4.5/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Charles Stanley Direct is a regulated broker, it is overseen by a top-tier financial regulator in the UK . Charles Stanley Direct is also covered by investor protection in selected jurisdictions. We at BrokerChooser always test brokers with real money, including the withdrawal process.

You can't open an account at Charles Stanley Direct if you live in United States. See the best alternative available in your country.

Charles Stanley Direct pros and cons

Pros Cons
Low fund fees Limited product portfolio
Great customer service Limited education materials
Easy deposit and withdrawal Basic research tools

Charles Stanley Direct main highlights

🗺️ Country of regulation UK
💰 Trading fees class Average
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $22.6
🕖 Time to open an account 1-3 days
💳 Deposit with bank card Available
👛 Depositing with electronic wallet Not available
💱 Number of base currencies supported 1
🎮 Demo account provided No
🛍️ Products offered Stock, ETF, Fund, Bond
To read much more details about the broker's services and features, expand on the sections below.

Charles Stanley Direct review
Fees

3.4
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.
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Charles Stanley Direct review
Account opening

4.6
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.
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Charles Stanley Direct review
Deposit and withdrawal

3.8
Depositing and withdrawing money is easy and free with bank transfer at Charles Stanley Direct. Unfortunately, accounts are only available in British pounds.
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Charles Stanley Direct review
Web trading platform

3.5
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.
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Charles Stanley Direct review
Mobile trading platform

3.7
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.
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Charles Stanley Direct review
Desktop trading platform

Charles Stanley Direct does not offer a desktop trading platform.
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Charles Stanley Direct review
Markets and products

1.5
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.
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Charles Stanley Direct review
Research

3.5
The trading ideas section is rich in functionality and data, but otherwise Charles Stanley Direct's research tools are quite limited, and charting tools could also be improved.
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Charles Stanley Direct review
Customer service

5.0
Charles Stanley Direct's customer service is great. It can be contacted via phone, email and live chat. On the negative side, there is no 24/7 availability.
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Charles Stanley Direct review
Education

2.0
Charles Stanley Direct offers good-quality educational materials, but their number and scope is limited, and some of them are hard to find.
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Charles Stanley Direct review
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.
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Charles Stanley Direct review
Bottom line

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Charles Stanley Direct review
FAQ

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Author of this review

Gyula Lencsés, CFA

Author of this review

Gyula has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

Gyula Lencsés, CFA

Head of Content

Gyula has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

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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