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Charles Stanley Direct fees explained

May 2019
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Overview of Charles Stanley Direct fees and charges

Charles Stanley Direct logo

When it comes to brokerage fees Charles Stanley Direct shows a mixed picture: some fees are high but some are low. First you need to figure out your approach or you should use our questionnaire to be able to tell whether Charles Stanley Direct fees are an advantage for you. Continue reading about Charles Stanley Direct fees and charges to see if this is the right brokerage for you or a similar broker like Hargreaves Lansdown or Degiro is better for you.

Here's a high level overview of Charles Stanley Direct's fees

Charles Stanley Direct Fees snapshot
Assets Fee level Fee terms
US stock fee - Not available
EURUSD fee - Not available
US tech fund fee - Not available
Inactivity fee Low

Charles Stanley Direct fees
Charles Stanley Direct fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely due to the fact that online brokerages' businesses can be much better scaled: From a purely technical standpoint it doesn't make that much of a difference for them if they have 100 or 5000 clients.

This is not to say however that they don't have any fees at all. They make money by charging you at various events for various rates. Usually you need to keep an eye on these 3 types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually do a trade, i.e. buying an Apple stock or an ETF. What you pay is either a commission, a spread or financing rate. Some brokers apply all of these.
    • A commission is either based on the traded volume or it is fixed.
    • A spread is the difference between the buy price and the sell price
    • Financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These occur related to some operations you make in your account, i.e. depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

We compare Charles Stanley Direct fees with its closest competitors, Hargreaves Lansdown and Degiro.

Charles Stanley Direct fees
Charles Stanley Direct trading fees

Charles Stanley Direct's trading fees are mid-tier which means you need to pay special attention to asset classes with high trading fees.

Let's break down the trading fees into the different asset classes available at Charles Stanley Direct.

Trading fees

Charles Stanley Direct's trading fees are average.

Stock fees and ETF fees

Charles Stanley Direct has average stock trading fees.

Stock fees of a $2,000 trade
Charles Stanley Direct Hargreaves Lansdown Degiro
USA - $17.3 $0.6
UK $17.3 $17.3 $2.4
Germany - $17.3 $5.7

Fund fees

Charles Stanley Direct fund fees are low.

A $2,000 fund buy fees
Charles Stanley Direct Hargreaves Lansdown Degiro
USA tech fund buy - - $10.6
Europe stock fund buy $0.1 $0.2 $10.6

Financing rates

Charles Stanley Direct financing rates are .

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

Charles Stanley Direct yearly financing rates
Charles Stanley Direct Hargreaves Lansdown Degiro
Apple financing rate - 5.8% 4.3%
Vodafone financing rate - 4.0% 2.5%
EURUSD financing rate - 2.9% -
EURGBP financing rate - 2.9% -

Charles Stanley Direct fees
Charles Stanley Direct non-trading fees

When it comes to looking at all the non-trading fees Charles Stanley Direct is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.

Non-trading fees include various brokerage fees and charges at Charles Stanley Direct that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how Charles Stanley Direct stacks up in non-trading fees
Charles Stanley Direct Hargreaves Lansdown Degiro
Withdrawal fee $0 $0 $0
Deposit fee 0 0 0
Inactivity fee No No No
Account fee No No No

Charles Stanley Direct fees
Charles Stanley Direct deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Charles Stanley Direct is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Charles Stanley Direct offers.

Charles Stanley Direct deposit methods
Charles Stanley Direct Hargreaves Lansdown Degiro
Bank transfer Yes Yes Yes
Credit/Debit card Yes Yes No
Electronic wallets No No Yes
Deposit fee 0 0 0

Charles Stanley Direct fees
Charles Stanley Direct withdrawal fee

Unlike the majority of the online brokers we have reviewed Charles Stanley Direct does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.

Charles Stanley Direct withdrawal fees and options compared
Charles Stanley Direct Hargreaves Lansdown Degiro
Bank transfer Yes Yes Yes
Credit/Debit card Yes Yes No
Electronic wallets No No Yes
Withdrawal fee with bank transfer $0 $0 $0

Charles Stanley Direct fees
Charles Stanley Direct inactivity fee

Charles Stanley Direct does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).

AUTHOR

Gergely Korpos
Gergely Korpos
Co-founder, CPO
Gergely's aim is to bring more clarity into personal investing. He has 10 years of experience in financial markets with GE Money, KPMG and MOL. He concluded thousands of trades as a commodity trader and financial portfolio manager
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