Charles Stanley cuts share dealing charge in January sale

Charles Stanley Direct has cut its share dealing rate by 25% to £7.50 per trade for the whole of January, in a bid to encourage clients to annually rebalance their portfolios.

The D2C platform said there would be no minimum number of trades required to access the deal, in contrast to a number of other providers. Charles Stanley has undercut a number of competitors since launching its D2C platform last year. It currently charges 25bps on the first £500,000 of assets, and 15bps on assets in excess of £500,000, alongside its standard share dealing charge of £10 per trade. Hargreaves Lansdown, which is yet to reveal its clean pricing model, charges £11.95 for the first nine deals in a month, falling to £8.95 if clients make 10-19 deals, and £5.95 for 20 trades ...