Charles Stanley Direct vs tastytrade - BrokerCue
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Broker Comparison

Charles Stanley Direct vs tastytrade

Compare Charles Stanley Direct and tastytrade 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
tastytrade

tastytrade

Active options, futures and multi-asset traders

tastytrade is a multi-asset broker focused on active traders, with stocks, ETFs, options, futures, forex and โ€ฆ

Head-to-head comparison

Charles Stanley Direct vs tastytrade
Feature Charles Stanley Direct tastytrade
Minimum deposit - -
Stock trading fee ยฃ10 per online trade; telephone dealing 1% (min ยฃ25, max ยฃ100) $0 opening commission; $0 closing commission
Regulators FCA FINRA, SIPC, NFA, CFTC, NYDFS
Best for UK long-term investors and fund holders Active options, futures and multi-asset traders
Markets & account
Stocks
ETFs
Forex
-
Crypto
-
Bonds
-
Options
-
Futures
-
Funds
-
Isa
-
Sipp
-
Investment Plans
Ready Made Portfolios
-
Business Account
-
Fractional Shares
-
Margin
-

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
tastytrade

tastytrade

Pros

  • Stock and ETF trades have $0 opening and closing commissions
  • Stock and ETF options close for $0 per contract
  • $10 max commission per leg on stock and ETF options
  • Fractional shares have $0 opening and closing commissions
  • Recurring ETF investments from $5 to $100K
  • API supports read, write and trade access
  • Crypto holdings can transfer to external wallets
  • No minimum account balance for CME futures in a margin account

Cons

  • Crypto markup/markdown is 50-75bp of executed order price
  • Crypto is not covered by FDIC or SIPC
  • Crypto cannot be traded on margin
  • Stablecoin withdrawals are not currently supported
  • Futures accounts are not protected by SIPC
  • IRA futures need $25,000 for standard CME contracts
  • Basic margin accounts cannot trade futures
  • Cash accounts cannot trade forex or futures
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.

tastytrade

tastytrade

tastytrade is a multi-asset broker focused on active traders, with stocks, ETFs, options, futures, forex and crypto plus web, desktop, mobile and API access.

Your capital is at risk. Other fees apply.

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