Barclays Guide – Read our In-Depth Barclays Review
Barclays Rating: 5.78 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
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 users in BR, KR, IR, IQ, SY, JP, US
If you're a new entrant in the world of trading and brokerage, so many facts will be perplexing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You will acquire proficient at all of the concepts of broker as you keep trading. For starters, you need to select the right broker who'll be clear with you constantly.
In this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment program will generate hefty returns. Barclays is just one such platform which will take you along with your investment to great heights. It is important that you know about Barclays before you trust them with your money.
Barclays Review – Quick Summary
Barclays Telephone Number:
Barclays Email Address:
Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA)
Number Of Clients:
10,000+ Barclays users and traders
Barclays Facebook Likes:
Barclays Twitter Followers:
Barclays Instagram Followers:
Your capital is at risk
|Barclays Telephone Number:|
|Barclays Email Address:|
|Regulated By:||Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA)|
|Number Of Clients:||10,000+ Barclays users and traders|
|Barclays Facebook Likes:||0|
|Barclays Twitter Followers:||0|
|Barclays Instagram Followers:||0|
Your capital is at risk
Our entire Barclays Review covers all you will need to know about trading with Barclays. A good broker can multiply your first investments and give you positive profits. If you would like to earn profits, you must trade with a brokerage service that contrasts with your investment goals.
There's absolutely no sure-fire method to guarantee profits; therefore, you should carefully assess your broker before you select them. It is a frequent misconception that all agents are the same, but that's not correct. Wrong judgment, initially, can put your investments in danger.
Barclays is a broker which has forged its way successfully to the broker world. Within this review, we've tried to collate some of the important facets of Barclays. This review can allow you to understand whether Barclays is a good fit for your investments or not. We've tried to breakdown all of the features and charges for your convenience.
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?
- Barclays Risk Disclaimer
- 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 forex broker headquartered in United Kingdom and provides a range of tools for online trading. Since its establishment in 2011, Barclays has emerged as a top-tier player in the field of online broker. Barclays has an extremely competitive and full-featured trading site that's focused on forex, indices, metals, stocks and commodities.
Over the past 10 years, Barclays has grown into one of the leading online brokers.
After establishing in 2011, their client base is becoming as big as 10,000+ clients.
Barclays is the favourite for many dealers.. Our Barclays review discovered that they are an excellent alternative for automated trading solutions. It is most appropriate for investors that are searching for an assortment of assets. Social and automated trading options are the core at Barclays.
Technology plays a substantial role in Barclays. Barclays features trading on Desktop, Tablet & Mobile apps. Barclays is fair, transparent, and 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 research.
The trader resource department at Barclays is very enlightening for new traders since it allows them to get a closer look at the financial markets. Barclays caters to all sorts of traders and are a must-have broker for any well-diversified approach to 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 ought to know about trading using Barclays
Barclays is a dynamic platform that offers various methods of trading online. These instruments cover the financial markets substantially. The Majority of the brokerage platforms offer less procedures than Barclays
If you want to exchange with Barclays, you will need a minimum deposit of $0. This deposit is mandatory if you want to start trading with Barclays. This 2021 Barclays review will direct you clearly about trading with them.
Barclays is as flexible as any other broker platform. Barclays is excellent for traders that want a manageable array of cheap services. The programs supplied by Barclays are third party, white-label offerings. All traders can pick from Desktop, Tablet & Mobile apps.
Along with everything, Barclays has multiple benefits to new and verteran traders and should be investigated. There's no minimum time over which a trade must be kept open. The brokers provide premium client service that rewards customers with benefits.
Many unethical brokers try to pressurise customers into bigger funding for premium services. Barclays, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the more benefits will come along.
Barclays accounts are available globally and provides excellent service wherever they have customers. There are some select few countries where Barclays accounts are not available. Traders in the following countries cannot open or use a Barclays account:
BR, KR, IR, IQ, SY, JP, US
Is Barclays Safe To Trade With?
Launched 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 figures have rules that mandate that trading platforms have measures in place to maintain investor's assets procured. This means that Barclays users don't need to be worried about their money since it's segregated and safely kept in established banks. SSL encryption secures every user's personal information also.
You can make use of a choice for 2 Factor Authentications (2FA) with Barclays for heightened security. An SMS with the confirmation code will be sent to a phone. You will be required to enter this code to log into your accounts.
Another concern with fiscal brokers with respect to safety may be manipulation of trading. This is highly disadvantageous for users on these platforms. Nonetheless, this is much more prevalent in the case of Market Maker brokers who compete with users on the platform.
Barclays Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With Barclays
Every online trading platform has some pros and cons Barclays review would be complete without having a balanced approach. 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 has low minimum deposit requirements
- 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 English, and Chinese
- 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 doesn't offer social trading
- Barclays doesn't offer copy trading
- Barclays doesn't offer trailing stop
Barclays Review - Compare Brokers Similar To Barclays
|Barclays||templer fx brokerage||Vinson Financials||merrill edge|
|Rating||5.78 / 10||6.4 / 10||5.86 / 10||4.9 / 10|
|Regulated By||Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F321||Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F277|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Losses can exceed deposits||Your capital is at risk|
Barclays Review - Regulation And Licencing In More Detail
Barclays is regulated by Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA).
Barclays, as a business, has a powerful collection of rules for ensuring honest trading onto its own platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, customer information is to not be shared with some other institutions or individuals. This includes credit history and other financial information.
Barclays Review - AwardsAt the time of writing this Barclays review, and despite Barclays’s impressive offering, the company has surprisingly not garnered any other awards to date.
Barclays Trading Platforms
Barclays are a trustworthy broker that has been open for over 10 years. They offer a large range of options in their client accounts.
In the following table we take the main parts of any good online trading platform and compare Barclays against templer fx brokerage, Vinson Financials, and merrill edge
Barclays Review - Minimum Deposit Required
The minimum deposit you must deposit to get started on Barclays is $0. This is an adequate amount for people just beginning. You can create more complex deposits as you go along. However, ensure you know how to make the most of your cash before investing in larger amounts.
Barclays Review - Commission And Fees Explained
Barclays is an online brokerage platform, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled much better. In other words, an online broker isn't necessarily affected by the amount of customers they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily 3 types of penalties for this purpose.
The first sort of fees to keep an eye out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're billed trading fees. In such instances, you are paying a spread, financing rate, or even a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the flip side, a spread refers to the gap between the buying and selling price. Funding or overnight rates are people who are billed 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 activities you undertake on your accounts. They are billed for services like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, Barclays does not charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for people who often trade, for example weekly or daily trading.
But, non-trading fees billed by Barclays are relatively competitive. As a result, you are charged more for non-trading actions in your trading account, like deposits and withdrawal. These aren't about the purchase and sale of resources.
This Barclays review breaks down each of the relevant non-trading fees for you in detail.
Compare broker fees against Barclays
Barclays Review - Withdrawal Fees ExplainedBarclays doesn't charge withdrawal fees
Withdrawal of money is possible at any time from the Barclays account. You can withdraw sums up to the sum of your account balance, keeping aside the perimeter utilized. One thing to keep in mind is that you don't necessarily have to have any cash on your accounts.
In addition, the withdrawn money will be transferred directly to the accounts you use to create deposits. Thus, if you used a credit card for deposits, then the withdrawn money will be sent into the card. Barclays will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event 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 when open an account with Barclays. An inactivity fee is an amount charged to registered traders that haven't engaged in purchasing or selling for a while. The period considered inactive is determined by the broker.
The inactivity fee differs from 1 agent to another and is not generalized. If a traders account does not have a buying or selling trade, it is maintained by the agent as an inactivity charge. The traders have to pay this fee under terms and conditions that they had agreed while enrolling.
Barclays doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no fees have been implied by Barclays, it's better that you close the account if you're inactive. Inactivity fees are not only charged by brokerage firms but also many financial services.
For other trading platforms, the inactivity fee depends on the sort of account you've selected. The inactivity fee is exposed to a lot of conditions and should be revealed clearly by the agent beforehand.
Barclays Review - Deposit Fees Explained
When you transfer money into your trading account by your bank account, a deposit fee can be charged by the broker. Most agents don't 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 easy. You simply have to complete a single-user profile questionnaire to start depositing money into your trading account. You'll need to provide an identity evidence and evidence of residency to deposit substantial amounts.
Barclays Review - Compare Broker Deposit Methods
What Can You Trade With Barclays?
Note: Barclays provides many different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered will differ based 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 currency pairs is of interest to you then Barclays offer over forex pairs.
Compare Barclays, templer fx brokerage, Vinson Financials & merrill edge below.
Reviewing The Barclays Mobile App
Note: Barclays's mobile app has a lot of functions and is being developed all the time. The below information was correct at the time of compiling this Barclays review.
Understand the capabilities of the mobile apps of Barclays, templer fx brokerage, Vinson Financials & merrill edge below.
Alternatives To Barclays
If, after studying this Barclays review, they don't fulfill your requirements check out these Barclays alternatives.
We have scoured the internet to find the best alternatives to Barclays. Click the links below to find out more.
Frequently Asked Questions about Barclays
Can I try Barclays before I buy?
Yes, you can most definitely try Barclays before you buy. Barclays offers demo accounts for the convenience of new traders. You can use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register to get a demo account on Barclays, you will set out using a decent amount of virtual money. It's to establish a feeling of security and confidence in you before you decide to invest your own money.
With this virtual Barclaysdemo account, you are able to experiment in any way, to whatever period you desire. You might also start positions, test different trading strategies, and much more.
Barclays specifies on its official website which you are able to trade real time stocks in a demo account.
Is Barclays safe?
It is possible to drop all your worries since we believe that Barclays is totally safe to use. It's in compliance with all 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 account with Barclays is $0. You should have a good hold over the details 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 finance your accounts with Barclays. The process is effortless and quick, with various payment methods in your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You must bear in mind that PayPal isn't available in every country. The currencies Barclays
Is my money safe with Barclays?
Yes, your money is safe and secure with Barclays. As you already know, Barclays works with proper conformation to. It's established lots of measures to guard all its investors.
Barclays safeguards its clients' personal and sensitive data under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you want to further protect your accounts, it is possible to empower Two-Step Verification also. It requires an SMS confirmation that you get your accounts.
Is Barclays trading good?
Yes, trading through Barclays is a nice and decent experience indeed. It's an excellent and intuitive platform with helpful features for your simplicity. In addition, you can also obtain access to a vast collection of educational resources and assistive substance to kickstart your trading experience.
If you are still skeptical, it is possible to start a eToro demo account and assess the credibility of the platform for yourself.
Which Countries does Barclays support?
Barclays operates across the world. However, due to regulations there are some countries that Barclays does not accept clients from BR, KR, IR, IQ, SY, JP, US
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 users may vouch for this. The highlight of this platform is its fast order execution on transactions.
You will discover the clean design of the platform and the admirable features 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 indisputably one of the business leaders. It has over 10,000+ registered users and over 10 years of expertise on its own record. They are one of the world's top trading platforms and a prominent figure in the Fintech revolution.
It simplifies this status to its incredible platform and wide selection of tools plus resources so you may invest in 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, several traders earn a great deal of money. But typically, through consistent trading, you also can create between 2% - 10% profit a month.
This may seem like a small number, but over the entire year, this adds to a significant number of gains. While Barclays provide you all of the tools to earn money, they can't guarantee that you will profit.
Does Barclays have fees?
Yes. To start trading using Barclays, you need 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 worldwide 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 doesn't offer negative balance protection. If your balance is unfavorable, Barclays suggests that you promptly contact client services. For this, you are able to fix any imbalances in your account.
Does Barclays offer guaranteed stop loss?Barclays regrettably, does not offer guaranteed stop loss. Barclays provides a chance to its traders to close their trades at their given price. Aside from this, Barclays does not provide guaranteed stop loss.
Does Barclays allow scalping?Yes, Barclays do permit scalping. Several traders throughout the world choose Barclays for their scalping services. They offer trading on Desktop, Tablet & Mobile apps which allow 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?
Yes, Barclays accepts bank transfers for depositing money.
Does Barclays accept credit cards?
Yes, Barclays accepts credit cards for depositing money.
Does Barclays accept PayPal?
No, Barclays does not accept PayPal.
Does Barclays accept Skrill?
No, Barclays does not accept Skrill.
Does Barclays accept Payoneer?
Yes, Barclays accepts Payoneer for depositing money.
Does Barclays accept Neteller?
No, Barclays does not accept Neteller.
Does Barclays offer Live Chat customer support?
Yes, Barclays offers customer support through live chat.
Does Barclays offer phone customer support?
Yes, Barclays offers customer support over the telephone.
Does Barclays offer email customer support?
Yes, Barclays offers customer support through email.
What languages can Barclays communicate in?
Barclays has the ability to communicate and support customers who speak: English, and Chinese
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 test your trading strategies before risking any real money. Inexperienced traders can open a demo account in order to become better acquainted with the areas of Forex trading and test out some of Barclays's features before risking a live account.