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Charles Stanley Direct is an online investment platform of Charles Stanley. It offers a variety of products, including individual savings accounts and pensions. In this article, tradingcritique.com will discuss more about the features available in Charles Stanley Direct.
Charles Stanley is an FCA-regulated stockbroker in the United Kingdom. It is an online investing service run by Charles Stanley, a parent business with over £25 billion in assets under management. They are a multi-award-winning organization with a fantastic investing platform that includes ISA and SIPP account choices to just get you began your investing journey, with affordable platform costs no matter how large your investment is.
Table 1: Charles Stanley Overview
Regulation: The Financial Conduct Authority (FCA)
Account Types: Investment Account,Stocks & Shares ISA, Junior Stocks & Shares ISA, Self-
Invested Personal Pension
Demo Account: NO
Islamic Account: NO
Minimum Deposit: $28
Account Base Currency: GBP
Market Instruments: Stocks, ETFs, Bonds and Funds
Trading Platforms: Desktop trading Platform, Web trading Platform, Mobile trading Platform
Maximum Leverage: 1:1
Customer Support (24/7): NO
Image 1: Home page of the Charles Stanley website
Image Copyrights reserved to Charles Stanley website
Charles Stanley is one of the oldest organizations on the London Stock Exchange which was founded in 1782. While Charles Stanley Direct does not have a banking license, its parent group is listed on the NYSE. So, investing in Charles Stanley Direct is a safe and secure option. The Financial Conduct Authority (FCA) oversees Charles Stanley Direct. It is a subsidiary of Raymond James Financial, Inc. If Charles Stanley Direct falls bankrupt, the Financial Services Compensation Scheme (FSCS) will reimburse up to £85,000 of your savings and investments.
Table 2: Charles Stanley Direct Regulation details
| Entities name | Regulation | Registration number | Headquarters |
|---|---|---|---|
|
Charles Stanley & |
The Financial |
124412 |
London |
Charles Stanley has a lot of expertise in dealing with securities and has won a lot of honours and awards.
Table 3: Charles Stanley Direct Award details
 Awards |
Awarded by |
|---|---|
|
2022 Best for Customer Service 2022 Best Junior ISA Provider Best Stocks & Shares Junior ISA 2018 57th place in 2020 Top 100 Financial Advisers Best Direct Platform for Customer Service 2018 Boring Money Best Buy 2019 |
Boring Money City of London Wealth Management Moneywise Children’s Savings Awards FT Adviser Platform Online Investments |
Image 2: Awards won and listed on the Charles Stanley website
Image Copyrights reserved to Charles Stanley website
Charles Stanley offers a variety of products to UK investors, primarily ISAs and SIPPs, as well as a trading account option. Charles Stanley Direct exclusively sells UK stocks, ETFs, mutual funds, and bonds. International stocks and bonds can be traded offline, but options, futures, and CFDs are not available.
Financial Instruments Available in Charles Stanley Direct:
Stocks
ETFs
Bonds
Funds
Charles Stanley’s trading platform is accessible as a mobile app, a web browser, and a desktop trading program.
Charles Stanley Direct Trading Platforms:
Desktop trading Platform
Web trading Platform
Mobile trading Platform
Charles Stanley Direct’s desktop trading software is simple and easy to use. It’s visually appealing, but the navigation feature isn’t always straightforward to use. Price alerts may be set up, and the account portfolio interface is a great way to rapidly check the current composition and performance of your portfolio.
Charles Stanley Knowledge bites
Charles Stanley provides reasonable pricing, particularly on its funds, as well as a lot of advice and informationand a diverse range of products. When you browse investment funds, they ask all the proper questions so that even inexperienced investors may feel relatively secure in their investing selections.
They’re fantastic as an internet platform for SIPPs and ISAs. However, if you’re an investor who wishes to make several stock and share trades every month (i.e. more than 10 or 15), you could discover that other brokers are more suited because they may give discounts based on the number of trades you make. Their service offerings are restricted in comparison to larger brokers, and they do not provide more complicated financial products.
The web trading platform is simple to use and provides some basic functionality. It lacks a more secure two-step login, customization, and complex order categories. The online trading platform is only available in English.
The mobile trading platform is simple to use and is accessible for iOS and Android devices. The app has been improved significantly, and you may now trade and add funds as well as shares. The app is much cleaner than the desktop version, and its encrypted chat capability should be available in all apps.
The following account types are available in Charles Stanley Direct:
This is the most basic account of Charles Stanley Direct. This is the general investing account. People normally pick it after they’ve used up all of their ISA limits because any gains beyond £12,300 are subject to tax.
Image 3: Details about the Investment account on the Charles Stanley Direct website
Image Copyrights reserved to Charles Stanley website
The Charles Stanley ISA allows you to put your ISA limit to good use. You can invest up to this amount without paying tax on your gains each year. For the tax year 2021/2022, the ISA allowance is £20,000. Each tax year, you may only contribute to one of each form of ISA, and the total amount you contribute should not exceed £20,000.
Image 4: Features of Stocks & Shares ISA account listed on the Charles Stanley website
Image Copyrights reserved to Charles Stanley website
The JISA is similar to an ISA and it is only for children. A JISA can be started by a parent or guardian, and anybody can contribute to it. For JISAs, there is a distinct allowance. The JISA allowance for the tax year 2021/2022 is £9,000.
Image 5: Features of Junior Stocks & Shares ISA account listed on the Charles Stanley website
Image Copyrights reserved to Charles Stanley website
A Charles Stanley SIPP can assist you in putting money aside for retirement. Tax relief is available for what you pay, and extra and higher rate individuals may be eligible to claim up to 20%-25% via their tax return. In addition, the government will match 10% of your donation. Depending on your earnings, you can receive money up to £40,000 every year. You can’t start taking money out of your SIPP until you’re
55.
Image 6: Features of Self-Invested Personal Pension account listed on the Charles Stanley website
Image Copyrights reserved to Charles Stanley website
Charles Stanley Direct offers very low fund costs and non-trading fees that are far lower than those of other well-known brokers. Their different price plans are listed in Table 4.
Table 4: Fees details of Charles Stanley Direct
| Charles Stanley Direct Account Types | Spread |
|---|---|
|
Investment Account |
From GBP 11.5 |
|
Flexible Stocks & Shares ISA |
|
|
Stocks & Shares Junior ISA |
|
|
Self-Invested Personal Pension (SIPP) |
|
|
Charles Stanley Direct Trading Platform Charges |
|
|
First £250,000 |
0.35% |
|
£250,000 to £500,000 |
0.20% |
|
£500,000 to £1 million |
0.15% |
|
£1 million to £2 million |
0.15% |
|
Over £ 2million |
0.05% |
With Charles Stanley Direct, depositing and withdrawing funds is simple and free. Charles Stanley Direct has no deposit or withdrawal fees. You can send money by bank transfer or credit/debit card. A bank transfer deposit and withdrawal might take several business days, but a credit/debit card payment is quick. Only British Pounds are accepted in Charles Stanley Accounts.
Table 5: Payment methods available in the Charles Stanley Direct
| Charles Stanley Payment method | Fees | Processing time |
|---|---|---|
|
Bank transfer |
Free |
Several business days |
|
credit/debit card |
Free |
Instant |
A partner receives a 50 GBP coupon for each new client who opens an account using the referral link as part of the ‘Refer a Friend Programme’. The offer is valid if the referral puts at least 15,000 GBP in his or her account and maintains that amount for three months. Unlike the other brokers, Charles Stanley doesn’t really offer a one-time cash bonus or a share of the referrals’ trading commissions.
The research and educational resources available in Charles Stanley Direct are very minimal. Trading suggestions for a certain asset may be found in the ‘Outlook’ section. These are top-tier bank recommendations, including those from Barclays, Citigroup, and Deutsche Bank.
There is a basic news feed available that covers UK market news. Further study resources are available from Charles Stanley Direct under Insights. Charles Stanley Direct contains a nice ‘Glossary’ subpage that discusses a variety of investment-related concepts. There is a website dedicated to beginners where you may discover instructive videos and articles.
Image 7: Insight section of the Charles Stanley website
Image Copyrights reserved to Charles Stanley website
Though Charles Stanley Direct is a better platform to invest in, it also has some disadvantages. Table 6 gives the Advantages and Disadvantages of Charles Stanley Direct Investments.
Table 6: Pros and Cons of the Charles Stanley Direct
 Pros |
 Cons |
|---|---|
|
There is no minimum deposit required to Low commissions on fund investments. Excellent customer service. Availability of several sorts of ready- Simple deposit and withdrawal with no extra fees. |
Only available to UK citizens. Charges high trading costs for online and There is no margin trading or leverage |
You may reach the firm by phone or email. The first thing you should do is go to the ‘Help’ page. Here you will discover Frequently Asked Questions (FAQs), which should give you the answers you require. If your problem is not handled by the FAQ area, you may contact a member of the customer service staff.
Online and phone operators are available from 7:30 a.m. to 5:00 p.m., Monday to Friday. The broker is also active on social media, with accounts on Facebook, Twitter, LinkedIn, and Instagram.
Image 8: Charles Stanley office locations
Image Copyrights reserved to Charles Stanley website
Table 7: Customer support numbers on the Charles Stanley website
| Contact number | Service Hours | Physical Address |
|---|---|---|
|
0207 739 8200 |
Monday-Friday, |
55 Bishopsgate, |
Are you in Plans to invest in Charles Stanley Direct? Do you have more doubts to be clarified? Ask your doubts to our Trading Critique experts. Ask your doubts in the Comment section below.
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