info@brokerdatanet.com +44 151 994 3722

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.

This Barclays review contains the most recent information about Barclays.

If you are a new entrant in the realm of trading and broker, so many details will be confusing for you. Getting into the area of trading demands expert analyzing skills and thorough understanding. You'll acquire proficient at all the concepts of broker since you continue trading. For starters, you have to select the ideal agent who will be clear with you always.

In this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment plan will create hefty returns. Barclays is one such platform which will take you and your investment to great heights. It's crucial to know all about Barclays before you trust them with your money.

Barclays review

Our entire Barclays Review covers all you will need to know about trading using Barclays. A fantastic agent can multiply your initial investments and give you favorable profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investment objectives.

There's absolutely no sure-fire way to ensure profits; therefore, you should carefully analyze your broker before you choose them. It is a common misconception that all brokers are exactly the same, but that is not correct. Wrong judgment, initially, can put your investments at risk.

Barclays is a broker which has found its way successfully to the broker world. In this review, we've attempted to collate a number of the important facets of Barclays. This review can allow you to understand whether Barclays is a good fit for your own investments or not. We've tried to breakdown all of the features and fees for your advantage.

Barclays Review, Table Of Contents

Who are Barclays?

Barclays is a foreign exchange broker headquartered in United Kingdom and provides a variety of tools for online trading. Since its establishment in 2011, Barclays has emerged as a leading player in the field of online broker. Barclays includes an extremely aggressive and full-featured trading site that is focused on currency, indices, metals, sharesand commodities.

Over the past 10 years, Barclays has grown into one of the leading online brokers.

After establishing in 2011, their customer base is becoming as large as 10,000+ clients.

Barclays is the favorite of many traders.. Our Barclays review discovered that they're an excellent alternative for automated trading options. It's best suited for investors that are searching for a variety of assets. Social and automated trading options are the heart at Barclays.

Technology plays a significant role in Barclays. Barclays features trading on Desktop, Tablet & Mobile apps. Barclays is honest, transparent, and also a well-regulated broker by the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA). Their outstanding variety of tools will be beneficial for the majority of traders. Third-party partnerships also supply in-house analysis.

The trader resource department at Barclays is quite insightful for new dealers since it permits them to have a closer look in the financial markets. Barclays caters to all types of traders and are a must-have broker for almost any well-diversified approach to online trading.

Benefits of doing online trading with Barclays?

Trading with Barclays includes numerous benefits. These advantages are what sets Barclays apart from the rest of the online brokers. You need to check all the benefits listed so that you have a better comprehension of Barclays.

The agent goes to great lengths to understand what dealers want. As a result, the support cost is low, quick, and convenient. The agent also gives a variety of platforms for all types of traders. Barclays ensures that the individual needs of all traders are completely met.

Barclays also features excellent trading conditions that are readily available to just an elite group of institutional clients. The tight spreads and fast executions are a great benefit for those traders. The technology embraced by Barclays is among the highest caliber, making sure that it is fast, dependable, and efficient.

Barclays admits the significance of having a quick order execution. A quick execution will allow users to trade without fretting about slippage safely. It is going to also aid the traders to grab the utmost profitable opportunities.

Automated trading is another important aspect of Barclays. A new dealer can learn from business experts using the automated trading option. The tight spread starts from as low as 0.0 pips, though they are offered for only razor accounts.

Barclays has over 41 trading tools to support all kinds of traders. These instruments are dynamic and convenient for both the new and experienced traders. The traders can put aside all their concerns when trading with Barclays.

Barclays overview

Year Founded: 2011

Regulated By: Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA)

Hedquarters: United Kingdom

Minimum Deposit: $0

Number Of Clients: 10,000+

Your capital is at risk

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.

What you ought to know about trading using Barclays

Barclays is a lively platform that offers various methods of trading. These instruments cover the monetary markets substantially. Most of the brokerage platforms offer less approaches than Barclays

If you want to trade with Barclays, you'll require a minimum deposit of $0. This deposit is mandatory if you would like to begin trading using Barclays. This 2021 Barclays review will direct you clearly about trading with them.

Barclays is as versatile as another brokerage platform. Barclays is ideal for traders that want a manageable array of cheap services. The programs offered by Barclays are third party, white-label offerings. All traders can choose out of Desktop, Tablet & Mobile apps.

Along with everything, Barclays has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a transaction must be kept open. The agents offer premium client service which rewards customers with advantages.

Many less reputable brokers attempt to pressurise customers into bigger financing for premium services. Barclays, on the other hand, is more concentrated on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the further benefits will become available.

Barclays accounts are available globally and provides excellent 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 2006, Barclays has been open 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 ensure that trading platforms have steps in place to maintain investor's resources procured. This means that Barclays users do not need to be worried about their money since it's segregated and safely stored in established banks. SSL encryption secures every user's personal information as well.

You can make use of an option for 2 Factor Authentications (2FA) with Barclays for heightened safety. An SMS with the confirmation code will be sent to your phone. You will be required to enter this code to log into your account.

Another concern with fiscal brokers is in regards to security may be manipulation of trading. This is highly disadvantageous to users on those 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 has a few ups and downs, and no 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 Pro's

  • 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 Con's

  • 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 BOQ Trading Ayrex Betterment
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $0 $200 $250 $0
Year Founded 2011 2014 2016 2008
Headquarters United Kingdom United States Cyprus USA
Regulated By Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) Unregulated
Clients 10,000+ 10,000+ 10,000+ 10,000+
Find Out More
Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk 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 strong set of rules for ensuring honest trading onto its platform. For data encryption purposes, it provides an industry-standard secure socket layer (SSL).

In accordance with the organization's privacy regulations, customer data is never to be shared with some other institutions or individuals. Including credit history and other financial details.

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 begin on Barclays is $0. This is a decent amount for people just beginning. It's possible to create more advanced deposits as you go along. But, make certain you understand how to make the most of your cash before investing larger sums.

Barclays Review - Commission And Fees Explained

Barclays is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled much better. In other words, an online broker is not necessarily affected by the number of clients they have.

But this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly three types of penalties for this purpose.

The first kind of fees to keep an eye out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you are billed trading charges. In these instances, you are paying a spread, financing rate, or even a commission. The sorts of trading fees and the prices vary from broker to broker.

Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight prices are those that are billed when you hold a leveraged position for more than a day.

Aside from trading charges, online agents also charge non-trading fees. These are dependent on the activities you undertake in your account. They're charged for surgeries like depositing money, not trading for lengthy periods, or withdrawals.

Generally, Barclays doesn't charge high fees compared 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 regularly exchange, such as daily or weekly trading.

However, non-trading fees billed by Barclays are relatively competitive. Consequently, you're billed more for non-trading actions on your trading account, such as deposits and withdrawal. These are not related to the purchase and sale of assets.

This Barclays review breaks down each of the relevant non-trading fees for you in detail.

Compare broker fees against Barclays

Barclays BOQ Trading Ayrex Betterment
Minimum Deposit $0 $200 $250 $0
Withdrawal Fees 2.75 0 $10 variable
Inactivity Fees
Deposit Fees
CFD Fees

Barclays Review - Withdrawal Fees Explained

Barclays doesn't charge withdrawal fees

Withdrawal of money is possible at any moment from the Barclays account. It's possible to draw up sums to the amount 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 money on your account.

In addition, the withdrawn money will be moved directly to the accounts you use to create deposits. Therefore, if you used a credit card for deposits, then the withdrawn cash will be sent into 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 applicable. The conversion fee will depend on the currency you're choosing 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 dealers who have not engaged in purchasing or selling for a while. The period considered inactive is determined by the broker.

The inactivity fee differs from one agent to another and is not generalized. If a traders account does not have a purchasing or selling transaction, it's maintained by the broker as an inactivity fee. The traders need to pay this commission under conditions and terms they had agreed while enrolling.

Barclays doesn't charge inactivity fees so you are free to pop in and out of your account as needed

Even if no charges are indicated by Barclays, it is best for you to close the account if you're inactive. Inactivity fees are not only charged by broker companies but also many financial services.

For additional trading platforms, the inactivity fee is contingent on the sort of account you have chosen. The inactivity fee is subjected to a lot of conditions and should be disclosed clearly by the agent beforehand.

Barclays Review - Deposit Fees Explained

When you move money in your trading account from your bank account, a deposit fee can be billed by the broker. Most brokers do not charge an excessive amount of 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 money on the Barclays trading platform is simple. You simply have to finish a single-user profile survey to start depositing money into your trading account. You'll need to provide an identity proof and proof of residency to deposit large sums.

Barclays Review - Compare Broker Deposit Methods

Barclays BOQ Trading Ayrex Betterment
Minimum Deposit $0 $200 $250 $0
Credit Card
PayPal
Neteller
Skrill
Payoneer

What Can You trade With Barclays?

Note: Barclays provides many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered will be different 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 forex pairs is of interest to you then Barclays offer over forex pairs.

Compare Barclays, BOQ Trading, Ayrex & Betterment below.

Barclays BOQ Trading Ayrex Betterment
Platforms Desktop, Tablet & Mobile apps MetaTrader 4, Mac, iPhone Android , iPhone, Mac, iPade Mac, iPhone, iPad, WEB, Desktop
Instruments Available 41 61 40 276
Forex & Crypto
Forex Pairs Available
Offers Major Forex Pairs? No No Yes No
Offers Minor Forex Pairs? No No No No
Offers Exotic Forex Pairs? NO No Yes No
Offers Cryptocurrencies? NO No No No
Commodity CFD's
Commodities Offered 0 0 0 0
Trade Metals? No No No No
Trade Energies? NO No No No
Trade Agricultural? NO NO No No
Indiced & Stock CFDs
Stocks Offered 0 0 0
Trade UK Shares? No No No No
Trade US Shares? NO No No No
Trade German Shares? No No No No
Trade Japanese Shares? No No No No


Your capital is at risk


Your capital is at risk


Your capital is at risk


Your capital is at risk

Alternatives To Barclays

If, after studying this Barclays review, Barclays does not meet your needs check out these Barclays alternatives.

We've scoured the internet to find the best alternatives to Barclays. Click on the links below to learn more.

Frequently Asked Questions about Barclays

Can I try Barclays before I buy?

Yes, you can most definitely try Barclays before you buy. Barclays provides demo accounts for the ease of beginner traders. You may use this feature to build your faith in the system as well as yourself and your trading strategies.

If you register for a demo account on Barclays, you may set out with a decent amount of virtual money. It is to establish a feeling of safety and confidence in you before 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 much more.

Barclays specifies on its official website which you are able to exchange real time stocks in a demo account.

Is Barclays safe?

It is possible to drop all your worries since we believe that Barclays is completely 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 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 different payment methods at your fingertips.

You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You have to keep in mind that PayPal isn't available in all country. The monies Barclays

Is my money safe with Barclays?

Yes, your cash is safe and secure with Barclays. As you already know, Barclays works with good conformation to. It has established plenty of measures to guard all of its investors.

Barclays protects its clients' private and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.

If you wish to further safeguard your accounts, it is possible to enable Two-Step Verification as well. It takes an SMS affirmation for you to get your accounts.

Is Barclays trading good?

Yes, trading through Barclays is a nice and good experience indeed. It's an excellent and intuitive platform with helpful features for your ease. In addition, you could even gain access to a huge selection of educational tools and assistive material to kickstart your trading expertise.

If you remain 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 globe. However, due to regulations there are some countries that Barclays do accept clients from

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 an excellent agent, and its users may vouch for it. The highlight of the platform is its fast order execution on transactions.

You'll find the clean design of this platform along with the commendable 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 currently one of the industry leaders. It supports over 10,000+ registered customers and over 10 years of experience on its own record. They're one of the world's leading trading platforms and also a dominant figure in the Fintech revolution.

It simplifies this status to its unbelievable platform and broad selection of resources plus tools so that 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 lot of cash. However, typically, through continual trading, you also can create between 2% - 10% profit a month.

This can look like a small number, but over the entire year, this adds to a significant amount of gains. Even though Barclays supply 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. Certain commissions while trading additionally apply. Any processing fees from your bank might have 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+ clients.

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 negative, Barclays indicates you contact client services. For this, you are able to correct any imbalances within your account.

Does Barclays offer guaranteed stop loss?

Barclays regrettably, doesn't offer guaranteed stop loss. Barclays provides a chance to its traders to close their trades in their specified price. Aside from this, Barclays doesn't provide guaranteed stop loss.

Does Barclays allow scalping?

Yes, Barclays do permit scalping. Many traders throughout the world select Barclays due to 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?

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.