Charles Stanley Direct vs Mitrade - BrokerCue
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Broker Comparison

Charles Stanley Direct vs Mitrade

Compare Charles Stanley Direct and Mitrade side by side: fees, regulation, platforms.

Charles Stanley Direct

Charles Stanley Direct

UK long-term investors and fund holders

Charles Stanley Direct is a UK investment platform launched in 2013, offering stocks, ETFs, funds, bonds, ISAโ€ฆ

VS
Mitrade

Mitrade

Beginner CFD and forex traders

Mitrade is a CFD and forex broker offering 800+ instruments across forex, stocks, indices, commodities, ETFs โ€ฆ

Head-to-head comparison

Charles Stanley Direct vs Mitrade
Feature Charles Stanley Direct Mitrade
Minimum deposit - -
Stock trading fee ยฃ10 per online trade; telephone dealing 1% (min ยฃ25, max ยฃ100) -
Regulators FCA ASIC, CySEC, CIMA, FSC, FSCA, CMA
Best for UK long-term investors and fund holders Beginner CFD and forex traders
Markets & account
Stocks
-
ETFs
-
Forex
-
CFDs
-
Crypto
-
Bonds
-
Funds
-
Isa
-
Sipp
-
Investment Plans
-
Ready Made Portfolios
-
Business Account
-
Margin
-
Multi Currency
-
Demo Account
-

Pros & cons

Charles Stanley Direct

Charles Stanley Direct

Pros

  • FCA regulated with FSCS protection
  • Wide range of accounts: ISA, SIPP, Junior ISA, GIA, business account
  • Access to 12,500+ UK and international investments
  • No inactivity fee
  • No deposit or withdrawal fees
  • ยฃ50 trading credit every six months offsets dealing costs
  • In-house research and market commentary
  • Flexible ISA feature uncommon among competitors

Cons

  • No demo account
  • ยฃ10 per trade for shares, ETFs and investment trusts is among the highest of UK platforms
  • Annual platform fee minimum of ยฃ60 disadvantages smaller portfolios
  • Annual fee cap raised to ยฃ600 in 2024, increasing costs for mid-size portfolios
  • FX conversion charge of 1% on trades under ยฃ10,000
  • Bonds and gilts available by telephone only
  • No fractional shares
  • Basic mobile app lacks advanced charting and research tools
Mitrade

Mitrade

Pros

  • Zero commission on all trades
  • Regulated by ASIC and CySEC (Tier-1 regulators) plus CIMA, FSC, FSCA and CMA
  • No deposit or withdrawal fees
  • Proprietary platform available on web, desktop and mobile
  • Free demo account with virtual funds
  • 800+ CFD instruments including forex, stocks, indices, commodities, ETFs and crypto
  • Negative balance protection
  • Low minimum deposit of $50

Cons

  • No MetaTrader 4, MetaTrader 5 or cTrader support
  • All positions are CFDs - no ownership of underlying assets
  • $10 monthly inactivity fee after 6 months (non-EEA accounts)
  • Demo account expires after 90 days
  • No copy trading or social trading features
  • No swap-free Islamic account
  • Single account type with no ECN or raw spread option
  • Account currency cannot be changed after opening
Charles Stanley Direct

Charles Stanley Direct

Charles Stanley Direct is a UK investment platform launched in 2013, offering stocks, ETFs, funds, bonds, ISA, SIPP and Junior ISA accounts with in-house research.

Your capital is at risk. Other fees apply.

Mitrade

Mitrade

Mitrade is a CFD and forex broker offering 800+ instruments across forex, stocks, indices, commodities, ETFs and crypto through a proprietary platform.

Your capital is at risk. Other fees apply.

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