Barclays
fxglobe
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Overview
Barclays was founded in 2011 and is headquartered in United Kingdom, while fxglobe was established in 2012 and is based in Malta. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. Barclays serves 10,000+ clients worldwide; fxglobe has 10,000+. The minimum deposit is $0 at Barclays and $250 at fxglobe.
| Feature | Barclays | fxglobe |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Regulation | 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-F243 |
| Founded | 2011 | 2012 |
| Country | United Kingdom | Malta |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Barclays and fxglobe, directly affecting your bottom line as a trader. Barclays has a lower barrier to entry with a minimum deposit of $0 (vs $250 at fxglobe). fxglobe charges withdrawal fees while Barclays does not, giving Barclays an edge for frequent withdrawers. fxglobe applies inactivity fees on dormant accounts; Barclays does not. Overall, Barclays scores higher on fees in our assessment.
| Feature | Barclays | fxglobe |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Barclays offers MT4, MT5, cTrader, while fxglobe supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Barclays | fxglobe |
|---|---|---|
| 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, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Barclays and fxglobe compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. Barclays scores higher overall in education and research.
| Feature | Barclays | fxglobe |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| 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 fxglobe supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fxglobe uniquely supports PayPal and Skrill and Neteller among the two brokers. fxglobe scores higher on deposit and withdrawal flexibility.
| Feature | Barclays | fxglobe |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Barclays and fxglobe offer live chat support. Both provide phone support. Email support is available at both brokers. Barclays supports 2 languages and fxglobe supports 8, giving fxglobe broader global reach. Both brokers are comparable on support quality.
| Feature | Barclays | fxglobe |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |