Barclays
Forex Financial Services
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Overview
Barclays was founded in 2011 and is headquartered in United Kingdom, while Forex Financial Services was established in 2008 and is based in Australia. Barclays holds licences including Financial Conduct Authority (FCA), while Forex Financial Services is regulated by Australian Securities and investment Commission (ASIC) among others. Barclays serves 10,000+ clients worldwide; Forex Financial Services has 10,000+. The minimum deposit is $0 at Barclays and $2500 at Forex Financial Services.
| Feature | Barclays | Forex Financial Services |
|---|---|---|
| Min. Deposit | $0 | $2500 |
| Regulation | Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) | Australian Securities and investment Commission (ASIC) |
| Founded | 2011 | 2008 |
| Country | United Kingdom | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Barclays and Forex Financial Services, directly affecting your bottom line as a trader. Barclays has a lower barrier to entry with a minimum deposit of $0 (vs $2500 at Forex Financial Services). Neither broker charges withdrawal fees. Forex Financial Services charges deposit fees; Barclays does not. Overall, Barclays scores higher on fees in our assessment.
| Feature | Barclays | Forex Financial Services |
|---|---|---|
| Min. Deposit | $0 | $2500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Barclays offers MT4, MT5, cTrader, while Forex Financial Services supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex Financial Services supports social and copy trading features, which Barclays does not offer. The two brokers are closely matched on platform offering.
| Feature | Barclays | Forex Financial Services |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop, Tablet & Mobile apps | MT4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Barclays and Forex Financial Services compare. Barclays runs regular live webinars; Forex Financial Services does not. Barclays has a video library; Forex Financial Services does not. Barclays publishes daily market commentary; Forex Financial Services does not. Barclays integrates third-party research tools (Trading Central, Autochartist); Forex Financial Services does not. Barclays maintains an archive of past webinars for on-demand viewing. Barclays scores higher overall in education and research.
| Feature | Barclays | Forex Financial Services |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Barclays accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Forex Financial Services supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Barclays | Forex Financial Services |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Barclays and Forex Financial Services offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Barclays | Forex Financial Services |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |