Barclays Guide – Read our In-Depth Barclays Review
This Barclays review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Barclays review does not apply to US users.
If you are a new entrant in the world of trading and brokerage, so many facts will be perplexing for you. Getting into the area of trading demands expert assessing skills and thorough knowledge. You will acquire adept at all the concepts of brokerage as you continue trading. For starters, you have to select the right agent who'll be transparent with you always.
In this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment program will create hefty returns. Barclays is one such stage which will take you along with your investment into great heights. It's important to know all about Barclays before you trust them with your cash.
Our entire Barclays Review covers everything you need to know about trading with Barclays. A fantastic agent can multiply your initial investments and provide you positive profits. If you want to make profits, you must trade with a broker service that aligns with your investing objectives.
There's absolutely no sure-fire way to ensure profits; therefore, you should carefully assess your broker before you select them. It is a common misconception that all brokers will be exactly the same, but that's not correct. Wrong judgment, in the beginning, can set your investments at risk.
Barclays is a broker which has forged its way successfully to the brokerage world. Within this review, we have attempted to collate some of the vital aspects of Barclays. This review will help you to know whether Barclays is a good fit for your own investments or not. We have attempted to breakdown all of the features and fees for your advantage.
Barclays Review, Table Of Contents
- Who are Barclays?
- Benefits Of Trading With Barclays
- Everything you should know about trading with Barclays
- Is Barclays Safe To Trade With?
- Pro's & Con's Of Trading With Barclays?
- Compare Brokers Similar To Barclays
- Regulation And Licencing In More Detail
- Barclays Awards
- Minimum Deposit Required For A Live Account With Barclays
- Barclays Commission And Fees Explained
- Compare broker fees against Barclays
- Barclays Withdrawal Fees Explained
- Barclays Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Barclays?
- Alternatives To Barclays
- Frequently Asked Questions About Barclays
Who are Barclays?
Barclays is a foreign exchange broker headquartered in United Kingdom and provides a variety of instruments for trading. Since its establishment in 2011, Barclays has emerged as a top player in the industry of online broker. Barclays includes an extremely competitive and full-featured trading site that is focused on forex, indices, metals, stocks , commodities.
Over the past 10 years, Barclays has grown into one of the leading online brokers.
After establishing in 2011, their client base has become as big as 10,000+ clients.
Barclays is the favorite for many dealers.. Our Barclays review found that they are an excellent choice for automated trading options. It's best suited for investors who are looking for a variety of assets. Social and automated trading solutions are the heart at Barclays.
Technology plays a substantial role in Barclays. Barclays features trading on Desktop, Tablet & Mobile apps. Barclays is honest, transparent, and also a well-regulated agent by the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA). Their outstanding array of tools will be beneficial for most traders. Third-party partnerships also provide in-house analysis.
The trader resource section at Barclays is very insightful for new traders since it permits them to get a closer look in the financial markets. Barclays caters to all sorts of traders and are a must-have broker for almost any well-diversified method of trading.
If you feel that Barclays is not right for you then at the bottom of this Barclays review you wil find a lot of alternatives to Barclays.
Everything you should know about trading using Barclays
Barclays is a dynamic platform that provides various procedures of trading online. These tools cover the monetary markets substantially. The Majority of the brokerage platforms provide less methods than Barclays
If you want to trade with Barclays, you'll need a minimum deposit of $0. This deposit is mandatory if you want to begin trading using Barclays. This 2021 Barclays review will guide you clearly about trading with them.
Barclays is as flexible as any other broker platform. Barclays is great for traders who want a manageable variety of low-cost services. The programs supplied by Barclays are third-party, white-label offerings. All traders may pick out of Desktop, Tablet & Mobile apps.
Along with everything, Barclays has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a trade has to be kept available. The agents provide premium customer service that rewards clients with benefits.
Many unprofessional brokers attempt to pressurise customers into bigger financing for superior services. Barclays, on the other hand, is more focused on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the further advantages will come along.
Barclays accounts are available all over the world and provides quality service everywhere they have clients. There are some select few countries where Barclays accounts are not available. Traders in the following countries cannot open or use a Barclays account:
Is Barclays Safe To Trade With?
Established in 2011, Barclays has been in operation for 10 years, they are headquarted in United Kingdom.
Barclays is regulated by Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA). These bodies have rules that mandate that trading platforms have ploicies in place to maintain investor's resources procured. This usually means that Barclays users don't need to be worried about their money since it is segregated and safely kept in established banks. SSL encryption simplifies each user's personal information as well.
You are able to make use of an option for 2 Factor Authentications (2FA) with Barclays for increased security. An SMS for the verification code will be sent to your phone. You will be asked to input this code to log in to your accounts.
Another concern with financial brokers with respect to safety might be manipulation of trading. This is highly disadvantageous to users on these platforms. However, this is more prevalent in the case of Market Maker brokers who compete with users on the stage.
Pro's & Con's Of Trading With Barclays
Every online trading platform will have a few pros and cons Barclays review would be complete without showing both sides. This Barclays review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- Barclays is trusted by 10,000+ clients
- Barclays doesn't charge withdrawal fees
- Barclays doesn't charge inactivity fees
- Barclays doesn't charge deposit fees
- Barclays doesn't charge CFD fees
- Barclays offer trading on Desktop, Tablet & Mobile apps
- Barclays offer 41 trading instruments
- Barclays can communicate in
- Barclays does not offer Negative Balance Protection
- Barclays does not offer Guaranteed Stop Loss
- Barclays doesn't trade major forex pairs
- Barclays doesn't trade minor forex pairs
- Barclays doesn't trade exotic forex pairs
- Barclays doesn't offer trading on cryptocurrencies
Barclays Review - Compare Brokers Similar To Barclays
|Barclays||FX Primus||Nadex||Ingot Brokers|
|Regulated By||Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA)||Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)||Unregulated||Australian Securities and Investment Commission (ASIC)|
|Find Out More|
|Risk Warning||Your capital is at risk||Losses can exceed deposits||Your capital is at risk||Losses can exceed deposits|
Barclays Review - Regulation And Licencing In More Detail
Barclays is regulated by Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA).
Barclays, as a company, has a powerful collection of rules for ensuring fair trading on its platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, customer information is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Barclays Review - Awards
- At the time of writing this Barclays review, they had not received any awards.
Barclays Review - Minimum Deposit Required
The minimum deposit you need to get started on Barclays is $0. This is an adequate amount for those just starting out. It's possible to create more advanced deposits as you cooperate. But, make certain you know how to make the most of your cash before investing larger amounts.
Barclays Review - Commission And Fees Explained
Barclays is an online brokerage platform, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled much better. That is, an internet broker isn't necessarily affected by the amount of clients they have.
However, this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily 3 different types of fees for this purpose.
The first sort of charges to keep an eye out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you are billed trading fees. In such cases, you're paying a spread, financing speed, or even a commission. The sorts of trading charges and the prices differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the other hand, a spread denotes the gap between the buying and selling cost. Financing or overnight prices are people that are charged when you hold a leveraged position for more than daily.
Apart from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake on your accounts. They are billed for operations like depositing money, not trading for lengthy periods, or withdrawals.
In general, Barclays does not charge high fees compared to other online agents. For operations other agents fee for, they either do not charge a broker fee, or they charge a smaller sum. This can be beneficial for people who regularly trade, for example weekly or daily trading.
However, non-trading fees charged by Barclays are comparatively higher. As a result, you're charged more for non-trading activities on your trading account, like withdrawal and deposits. These are not about the sale and purchase of resources.
This Barclays review breaks down each of the applicable non-trading charges for you in detail.
Compare broker fees against Barclays
|Barclays||FX Primus||Nadex||Ingot Brokers|
Barclays Review - Withdrawal Fees ExplainedBarclays doesn't charge withdrawal fees
Withdrawal of money is possible at any moment from your Barclays account. It's possible to withdraw sums up to the amount of your account balance, keeping aside the perimeter used. 1 thing to remember is that you don't always have to have any cash on your account.
Moreover, the withdrawn money will be moved directly to the account you use to create deposits. Therefore, if you used a credit card for deposits, then the withdrawn money is going to be sent to the card. Barclays will ask you to offer other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing cash in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the currency you are opting to withdraw in.
Barclays Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of those buzzing questions that run through your mind while open an account with Barclays. An inactivity fee is an amount charged to registered traders who haven't participated in buying or selling for some time. The period regarded as inactive is determined by the agent.
The inactivity fee differs from 1 broker to another and is not standardized. If a dealers account doesn't have a buying or selling trade, it is maintained by the broker as an inactivity fee. The traders need to pay this fee under conditions and terms they had agreed while enrolling.
Barclays doesn't charge inactivity fees so you are free to use your account as needed
Even if no charges are implied by Barclays, it's best that you close the account if you are inactive. Inactivity fees aren't just charged by broker companies but also many financial services.
For additional trading platforms, the inactivity fee is contingent upon the type of account you've chosen. The inactivity fee is subjected to a lot of circumstances and should be revealed clearly by the broker beforehand.
Barclays Review - Deposit Fees Explained
When you transfer money in your trading account from your bank account, a deposit fee can be billed by the broker. Most brokers do not charge too much money for this particular operation.
Barclays doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the Barclays trading platform is simple. You simply need to finish a single-user profile questionnaire to begin depositing money into your trading account. You will have to give an identity evidence and evidence of residency to deposit large sums.
Barclays Review - Compare Broker Deposit Methods
|Barclays||FX Primus||Nadex||Ingot Brokers|
What Can You trade With Barclays?
Note: Barclays offers many different trading instruments due to regulatory restrictions in some countries. Trading instruments offered will be different depending on the country of residence of the client.
Barclays has a wide variety of over 41 instruments available for you to trade with.
If trading forex pairs is of interest to you then Barclays offer over currency pairs.
Compare Barclays, FX Primus, Nadex & Ingot Brokers below.
Alternatives To Barclays
If, after studying this Barclays review, Barclays does not meet your needs check out these Barclays alternatives.
We've scoured the web to find the best alternatives to Barclays. Click on the hyperlinks below to learn more.
Frequently Asked Questions about Barclays
Can I try Barclays before I buy?
Yes, you can most certainly try Barclays before you buy. Barclays offers demo accounts for the ease of inexperienced traders. You may use this feature to build your faith in the system and yourself and your trading strategies.
If you register for a demonstration account on Barclays, you may set out with a decent amount of virtual currency. It's to establish a feeling of safety and confidence in you until you choose to invest your own money.
With this virtual Barclaysdemo account, you are able to experiment at all, to whatever length you desire. You can even start positions, examine different trading strategies, and more.
Barclays specifies on its official website which you are able to trade real time stocks in a demo account.
Is Barclays safe?
You can drop all your worries because we believe that Barclays is totally safe to use. It's in compliance with the rules of Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA).
Nevertheless, Barclays doesn't provide assured stop-loss protection.
Why does Barclays ask for my passport?
The reason that Barclays asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Barclays has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Barclays must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Barclays?
The process to start trading withBarclays is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Barclays website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with Barclays is $0. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Barclays.
The best way to kickstart your trading career with Barclays is to open a demo account facility before risking any real money
What funding methods do Barclays accept?
There are multiple ways to fund your accounts with Barclays. The process is effortless and quick, with various payment methods in your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You have to keep in mind that PayPal isn't available in all place. The monies Barclays
Is my money safe with Barclays?
Yes, your money is safe and secure with Barclays. As you know, Barclays operates with good conformation to. It has established lots of measures to guard all its own investors.
Barclays protects its customers' private and sensitive data under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you wish to further safeguard your accounts, you can enable Two-Step Verification also. It requires an SMS confirmation for you to get your account.
Is Barclays trading good?
Yes, trading via Barclays is a pleasant and good experience indeed. It's a great and intuitive platform with useful features for your simplicity. Moreover, you could also obtain access to a huge collection of educational resources and assistive material to kickstart your trading experience.
If you are still skeptical, you can start a eToro demo account and assess the credibility of the platform on your own.
Which Countries does Barclays support?
Barclays operates around the globe. However, due to regulations there are some countries that Barclays cannot accept clients resident in
Is Barclays legit?
Barclays is a legit company headquarted in United Kingdom since 2011. They are regulated by Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA). Barclays is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Barclays a good broker?
Barclays is a great broker, and its own users can vouch for it. The highlight of the platform is its quick order execution on trades.
You will discover the clean layout of the platform along with the commendable features that a pleasure to work with.
Is Barclays a trustworthy broker?
Yes, Barclays is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Barclays?
The minimum deposit to open a live account with Barclays is $0
How long do Barclays withdrawals take?
Normally, withdrawal of money from Barclays is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Barclays to show in your bank account.
Are Barclays regulated?
Barclays are regulated by Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA)
Is Barclays a market leading broker?
Barclays is currently one of the business leaders. It supports over 10,000+ registered customers and over 10 years of experience on its record. They are among the world's top trading platforms and also a prominent figure in the Fintech revolution.
It simplifies this standing to its incredible platform and wide selection of tools plus resources so that you may put money into capital markets.
Is Barclays a con?
No, Barclays is not a con. They are regulated by Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) and must adhere to their rules. Thus, it is safe to say that Barclays is not a scam.
Can you make money with Barclays?
Using Barclays, many traders make a lot of cash. However, typically, through consistent trading, you can create between 2% - 10% profit a month.
This can look to be a little number, but within the year, this adds to a substantial amount of gains. While Barclays supply you all of the tools to make money, they cannot guarantee that you will profit.
Does Barclays have fees?
Yes. To start trading with Barclays, you have to deposit $0. Particular commissions while trading additionally apply. Any processing fees from your bank will need to be incurred by you.
When was Barclays founded?
Barclays was founded in 2011 in United Kingdom. Barclays is regulated by Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA).
How many people use Barclays?
Barclays is a globally recognised agent with 10,000+ customers.
Where is the Barclays head office?
Barclays has its head office in United Kingdom
Does Barclays offer negative balance protection?
No. Barclays does not offer negative balance protection. If your balance is unfavorable, Barclays indicates you promptly contact client services. With this, you can correct any imbalances within your account.
Does Barclays offer guaranteed stop loss?Barclays unfortunately, doesn't offer guaranteed stop loss. Barclays provides a chance for its dealers to close their trade at their specified price. Apart from this, Barclays doesn't provide guaranteed stop loss.
Does Barclays allow scalping?Yes, Barclays do allow scalping. Many traders across the world choose Barclays for their services that are trading. They offer trading on Desktop, Tablet & Mobile apps which let this.
Does Barclays allow hedging?
Yes, Barclays does allow hedging.
Can you trade energies with Barclays?
No, unfortunately you cannot trade energy stock with Barclays
Can you trade agricultural shares with Barclays?
No, unfortunately you cannot trade agricultural stock with Barclays
Can you trade cryptocurrency with Barclays?
No, unfortunately you cannot trade cryptocurrency with Barclays
Can you trade metals with Barclays?
No, unfortunately you cannot trade metals with Barclays
Can you trade UK Shares with Barclays?
No, unfortunately you cannot trade UK shares with Barclays
Can you trade US Shares with Barclays?
No, unfortunately you cannot trade US shares with Barclays
Can you trade Japanese Shares with Barclays?
No, unfortunately you cannot trade Japanese shares with Barclays
Can you trade German Shares with Barclays?
No, unfortunately you cannot trade German shares with Barclays
Does Barclays accept bank transfers?
No, Barclays does not accept bank transfers.
Does Barclays accept credit cards?
No, Barclays does not accept credit cards.
Does Barclays accept PayPal?
No, Barclays does not accept PayPal.
Does Barclays accept Skrill?
No, Barclays does not accept Skrill.
Does Barclays accept Payoneer?
No, Barclays does not accept Payoneer.
Does Barclays accept Neteller?
No, Barclays does not accept Neteller.
Does Barclays offer Live Chat customer support?
No, Barclays does not offer customer support through live chat.
Does Barclays offer phone customer support?
No, Barclays does not offer customer support over the telephone.
Does Barclays offer email customer support?
No, Barclays does not offer customer support through email.
What languages can Barclays communicate in?
Barclays has the ability to communicate and support customers who speak:
Does Barclays have a wikipedia page?
No, Barclays does not have an official wikipedia page.
Does Barclays offer demo accounts?
Yes, Barclays offers demo accounts so you can learn their systems before risking any real money.