Barclays Rated 3/5

Barclays Guide - Read our In Depth 2024 Barclays Review

This detailed Barclays review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex trading, Share Dealing.

Learn more about Barclays.

Benefits of Trading with Barclays

Barclays Review 2024 Quick Summary
💰 Min Deposit No minimum deposit
👱‍♂️ Used By 10,000 Barclays users and traders
📆 Founded 2011
🌍 HQ United Kingdom
👮‍♂️ Regulation Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA)
🚫 Excluded Countries Barclays is not available in the following countries :

Open Barclays's Website

Your capital is at risk

Learn more about IC Markets.
learn more Learn more about IC Markets.
Losses can exceed deposits

What is Barclays?

Barclays are a worldwide financial trading platform and broker. founded in 2011

Over 13 years later Barclays now serves over 10,000 retail investors Forex trading, and Share Dealing trading.

Barclays are a global broker. Barclays have a head office in United Kingdom.

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this Barclays review and assess how well the Barclays platform functions in its role as an international multi asset trading platform for traders in 2024.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like Barclays. Choosing or shortlisting a trading platform like Barclays can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like Barclays.

As a result, selecting the right trading platform like Barclays requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like Barclays available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like Barclays requires thorough due diligence and careful consideration. Some Barclays trading features can be complex when trading on mobile or using the Barclays online trading platform. Beginners and inexperienced traders must take the time to learn how to use the Barclays trading tools properly. In our review of Barclays we explain the pros and cons. What Barclays offer, countries Barclays are available in. Who Barclays are regulated by and more.

Barclays Review Screenshot

When it comes to online trading with brokers like Barclays, carefully review Barclays as your broker can make or break your success. Choosing the right broker is essential to ensure your Barclays investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your Barclays review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of Barclays. You must also ensure the Barclays broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, Barclays needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with Barclays into easily digestible information in this Barclays review. We want to ensure you have all the knowledge necessary to use the Barclays trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with Barclays are the key to successful trading, so we've provided this detailed Barclays review. So, take a seat, grab a cup of coffee, and dive in to learn about Barclays and how it can benefit you or if Barclays is not for you.

Online investing with Barclays can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with Barclays, evaluating the Barclays platform is important. Evaluation includes researching the Barclays management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with Barclays. That's why it's essential to understand the Barclays company policies and practices before making any investment decisions. By doing your due diligence and understanding Barclays platform, you can make informed investment choices that align with your financial goals. So take the time to research Barclays thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this Barclays review you need to determine if Barclays is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to Barclays, so you can make a more informed decision and compare other brokers against Barclays.

If you want to look at some Barclays alternatives that might better fit your needs, we list and compare some of the best Barclays alternatives further down this Barclays review.

Trading online with Barclays requires an understanding of what you are doing. It can be challenging and requires significant research and understanding of the Barclays trading tools and features. You must know what you are doing when trading with Barclays. That's why we've compiled this detailed Barclays review with some important information that will hopefully make you more informed when online trading with Barclays.

Barclays Review Table of Contents

Barclays review
Barclays is a Multi-Assets Trading Platform with over 41+ Assets

Learn more about Barclays. Barclays is a multi asset platform with 41+ tradable Assets. Assets available on Barclays include Forex trading, Share Dealing.

Barclays trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex trading, Share Dealing are considered financial assets.

Features of Barclays

Barclays review
What you should know

Barclays offer two ways to trade: Forex trading, Share Dealing. The assets and products available to you on the Barclays trading platform depends on the region of the world, you are in and the Barclays entity you have an account.

With Barclays you will need a minimum deposit of $0. You can sign up for a demo account to acquaint yourself with Barclays platform.

Barclays are able to accommodate various levels of traders whether you are experienced or a beginner.

Are Barclays safe?

When considering Barclays for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as Barclays, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2011, and in operation for 13 years Barclays have a head office in United Kingdom.

Barclays is regulated. This means Barclays are supervised by and is checked for conduct by the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) regulatory bodies.

Barclays withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like Barclays are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. Barclays are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of Barclays and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. Barclays has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, Barclays will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like Barclays, you can enjoy peace of mind and focus on your trading activities. If Barclays violate any regulatory rules their regulated status could be stripped.

Your capital is at risk

Is my money safe with Barclays?

All payments made to Barclays by traders are securely held in a segregated bank account.

Barclays uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should Barclays use them?

Barclays partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their Barclays clients' funds.

Barclays clients can have greater confidence in their financial security when working with a Tier 1 bank because Barclays are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in Barclays deposited in a Tier 1 bank?

Depositing funds with Barclays ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if Barclays were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that Barclays is a secure and safe platform.

Please be aware that trading in financial assets with Barclays carries a risk of loss. Barclays trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, Share Dealing due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

Barclays emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about Barclays, let's closely examine its features.

To better understand the Barclays trading platform, you can create two separate accounts - one with real money and the other a Barclays demo account. A Barclays demo account provides a risk-free environment for experimenting with the Barclays platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in Barclays trading decisions.

Open a demo account Visit Barclays

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How Barclays as a Company Compare Against Other Brokers

Broker barclays IC Markets Roboforex eToro
Year Established 2011 2007 2009 2007
Head Office United Kingdom Australia Belize Cyprus, UK
Regulation Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Used By 10,000+ Barclays users 180,000+ IC Markets users 1,000,000+ Roboforex users 30,000,000+ eToro users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit Barclays Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 51% of retail investor accounts lose money when trading CFDs with this provider.

Barclays review
Barclays Pros and Cons

What we like about Barclays

  • Used by over 10,000 Barclays users and traders
  • Established in 2011
  • Regulated by Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA)
  • Min. deposit from $0

What we don't like about Barclays

Barclays review
Barclays Regulation and Licensing in more detail

Barclays is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of Barclays going into insolvency. Barclays compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like Barclays to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for Barclays traders.

Barclays is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like Barclays you should be sure they're legitimate online agent.

Is Barclays Global?

Yes, Barclays is global as Barclays is available in over 194 countries.

Barclays is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries Barclays covers include the UK, Germany, South Africa, Thailand, the United States China and Australia. Barclays has a total of more than 10,000 users.

Barclays review
Barclays Fees Explained

  • Barclays withdrawal fees varies on payment method
  • Barclays does charge a fee for inactive accounts.
  • Barclays does charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from Barclays are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

Barclays Costs To Check

Modern brokers like Barclays provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Barclays may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Barclays trading profitability.

How Barclays Fees Compare Against Other Brokers

Broker barclays IC Markets Roboforex eToro
Min Deposit 0 200 10 100
Withdrawal Fees 2.75 No Yes Yes
Inactivity Fees No No Yes
Deposit Fees Varies No No
CFD Commission Fees Yes No Yes

Barclays Minimum Deposit

Barclays does not require a minimum deposit when opening an Barclays trading account.

In the trading world, brokers like Barclays, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

Barclays Withdrawal Fees

The fees for withdrawing funds from your Barclays account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your Barclays withdrawal request is important.

Barclays Withdrawal rules may vary across different brokers when it comes to transferring funds from your Barclays or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with Barclays may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the Barclays withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Barclays. Researching and comparing Barclays withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Barclays funds frequently or dealing with large sums of money. Awareness of these Barclays fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Barclays funds.

For example, Barclays allows you to withdraw your funds to Debit card, Credit card, Apple Pay, Cheque or Check.

Barclays Inactivity Fees

Barclays does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Barclays terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all Barclays fees and services. It's recommended that you check the Barclays website before signing up. If you decide to close your Barclays account, it's important to do so with the Barclays broker customer support and obtain confirmation that no remaining Barclays fees are due.

Brokers like Barclays must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

Barclays Deposit Fees

Barclays do charge deposit fees.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

Barclays Commission Fees

Barclays does charge commission on CFD instruments.

Brokerage firms like Barclays may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Barclays trading account level held by the trader.

Barclays may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Barclays terms and conditions to understand the commission fees and any other charges that may apply is essential.

Barclays review
What can you trade with Barclays?

It's essential to note that the trading instruments offered under the Barclays brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the Barclays trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

You can trade a wide variety of instruments with Barclays over 41 instruments in fact.

If you want to trade currency pairs on global Forex markets, Barclays offer over currency pairs.

Barclays Compared To Other Brokers

Compare Barclays with IC Markets and Roboforex below.

Your capital is at risk

How Barclays Trading Options Compare Against Other Brokers

Broker barclays IC Markets Roboforex eToro
Instruments Available 41 2250 100 5000
Platforms Desktop, Tablet & Mobile apps MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 61 35 50
Major Forex pairs No Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs NO Yes Yes Yes
Cryptocurrencies (availability subject to regulation) NO Yes No Yes
Commodity CFDs        
Commodities Offered 0 20 21 31
Metals No Yes Yes Yes
Energies NO Yes No Yes
Agricultural NO Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 2100 0 2042
UK Shares No Yes Yes Yes
US Shares NO Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit Barclays
Your capital is at risk
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
51% of retail investor accounts lose money when trading CFDs with this provider.

Barclays review
Trading on Barclays web platforms and other applications

Barclays provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.

Barclays also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See Barclays's platforms

Is the Barclays Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the Barclays trading platform to protect you on PC and mobile Barclays platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Barclays web trading platforms.

Barclays Trading Platform Options

Barclays does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

Barclays offers its custom trading platform developed and tested in-house. The Barclays trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.

The Barclays platform allows traders to filter the financial marketplace for trade opportunities that match criteria.

With Barclays, you can examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the Barclays platform, including news and quotes. Discover possible trades with the strong charting tools found with Barclays. Barclays is available as downloadable applications or online through the cloud. Monitor your orders with Barclays and receive breaking news in your positions.

Barclays Trading benefits

  • Barclays Low min deposit

Barclays Trading Accounts Offered

Below we give an overview of the account types that Barclays offer. Whatever you are looking to trade, the varying Barclays account types will be able to provide you with what you need.

  • Barclays Standard account

Can I try Barclays?

Barclays provides a demo account that enables individuals to explore trading before investing their funds. By creating a Barclays practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Barclays demo account can help individuals to make informed decisions before investing their money.

Open a demo Barclays account to practice and trade.

Your capital is at risk

Barclays withdrawal and funding methods

It's essential to remember that the payment methods provided by Barclays vary based on the Barclays entity and the Barclays client's country of residence. To view the Barclays payment options available, you can log into your Barclays member's area.

Barclays offers various funding payment methods listed in your Barclays dashboard if available in your region. To learn more about the Barclays funding and withdrawal options available in your area, you can explore the Barclays website.

Barclays provides several payment methods for funding your Barclays account. You may utilize any of these deposit options if they are available in your region. Barclays ensures that users have multiple payment methods to choose from, making it more convenient for verified Barclays account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the Barclays user's location. learn more about Barclays funding and withdrawal methods.

Barclays Payment Methods

Some Barclays payment methods are local and are available only to specific regions. Barclays account holders should check which payment methods are provided in your region.
  • Barclays accepts Debit card
  • Barclays accepts Credit card
  • Barclays accepts Apple Pay
  • Barclays accepts Cheque or Check
Broker barclays IC Markets Roboforex eToro
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes No Yes
Skrill No Yes Yes Yes
Payoneer No No Yes No
Neteller No Yes Yes Yes

*please note available Barclays and other broker payment methods depend on the clients country of residence.

How can I start trading with Barclays?

To open a trading account with Barclays, individuals can sign up on the Barclays website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for Barclays account validation and making a deposit. Once completed, Barclays users can download the trading platform of their choice.

It's important to note that Barclays requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Barclays maintain a trustworthy financial environment for its 10,000 users. Detailed information on the Barclays trading platforms is available on their website.

Your capital is at risk

Performing trades with Barclays

When using Barclays, the minimum trade size is typically units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. Barclays have a max trade of .

Barclays, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like Barclays can be useful for traders starting or with limited capital.

Like other brokers, Barclays margin requirements can differ depending on the traded instrument.

Education Resources at Barclays

To trade effectively with Barclays, it's important to have a good understanding of the Barclays trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with Barclays and externally.

Barclays . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Barclays. Familiarizing yourself with the Barclays trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using Barclays. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with Barclays involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like Barclays, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with Barclays. Explore the Barclays platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Barclays, before live trading.

Customer Support at Barclays

As part of our Barclays review, we review customer service options, response times and problem resolution effectiveness on the Barclays trading platform. The Barclays trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

Barclays Available Support Types

Barclays have a B grade support rating because sometimes the response was slow or they didn't answer our query. Barclays offer

Livechat Support at Barclays

Barclays does not offer LiveChat Support.

Email Support at Barclays

Barclays does not offer Email Support.

Phone Support at Barclays

Barclays does not offer Phone Support.

See how Barclays Support Compares Against Other Brokers

Broker barclays IC Markets Roboforex eToro
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian
Learn More Visit Barclays Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 51% of retail investor accounts lose money when trading CFDs with this provider.

What you will need to open an account with Barclays

As Barclays is regulated by Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA).

As a new client of Barclays, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Barclays in your region. During the Barclays account opening process, you will be asked to provide Barclays with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with Barclays have the following documents available.

  • Barclays require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for Barclays compliance. This must be dated within the last six months.
  • If you plan to fund your Barclays account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the Barclays platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under Barclays Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring Barclays's platform.

However, remember that you won't be able to make trades on Barclays until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the Barclays KYC compliance process as soon as possible to avoid any delays in accessing the Barclays platform's features.

It is important to note that Barclays may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Barclays platform and features immediately. However, you must pass the verification process to start live trading with Barclays, which can take up to a few business days.

To start the process of opening an account with Barclays you can visit the Barclays trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://barclays.com on June 22, 2024.

Is Barclays A Good Broker?

We have spent over 5 years examining Barclays in depth. Although we found some very useful aspects of the Barclays platform that would be useful to some traders. We feel that a alternative to Barclays may better suit you.

  • Barclays have a good track record of offering Forex trading, Share Dealing.
  • Barclays has a history of over 13 years.
  • Barclays has a reasonable sized customer support of at least 10.
  • Barclays are regulated by the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA). Barclays is subject to strict regulatory oversight from its respective jurisdiction, which holds Barclays (the broker) accountable for misconduct. This regulatory framework helps ensure that Barclays operates fairly and transparently and provides Barclays customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and Barclays.
  • Barclays have regulation from reputable regulators.
  • One of the advantages of using Barclays is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from Barclays are particularly important as Barclays traders want to receive their money quickly. With the efficient Barclays payment processing system, traders can enjoy faster access to their Barclays funds.
  • Barclays have an international presence in multiple countries. Including local Barclays seminars and training.
  • Barclays can hire people from various locations in the world who can better communicate in your local language.

Barclays Risk Disclosure

Your capital is at risk

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

Barclays not quite right?

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Related Barclays Vs Comparisons

Throughout our comprehensive Barclays review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing Barclays against other popular brokers in the industry, check out our Barclays Vs pages. Our team has compiled a series of detailed Barclays comparison articles, pitting the Barclays platform against some of the best-rated Barclays competitors in the market. Dive into our informative Barclays Vs pages below to find out how Barclays stacks up against other leading brokers.

Barclays review
BARCLAYS Frequently Asked Questions

Read our detailed Barclays FAQ Section updated for 2024.

Can I try Barclays?

Barclays do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do Barclays accept?

Please note that the list of payment methods below depends on the Barclays Entity and the client's Country of Residence.

Barclays offer the following funding payment methods Debit card, Credit card, Apple Pay, Cheque or Check, among other payment methods.
Learn more here

Your capital is at risk

Is Barclays safe?

Barclays have over 10,000 users. Barclays are considered reliable as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA). Any payments funded to Barclays accounts by traders are held in a segregated bank account. For added security,Barclays use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with Barclays is risky, and because the market is so volatile, losses could happen at any time. Do not invest with Barclays unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Your capital is at risk

Is Barclays trading good?

Barclays is considered good and reputable to trade with Barclays. Barclays is used by over 10,000 traders and Barclays users. Barclays offers Forex trading, and Share Dealing trading. Minimum deposit with Barclays is 0.

Is Barclays trading Legit?

Barclays was founded in United Kingdom in 2011. Barclays has been facilitating trade on the financial markets for over 13 years. Barclays offers clients Forex trading, and Share Dealing trading. All funds deposited to Barclays are held in segregated bank accounts for security. Barclays is regulated by Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) so can be considered legit.

Is Barclays a good broker?

Barclays allows Forex trading, and Share Dealing trading. Barclays is overseen by the top tier financial regulators Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) so can be considered a good broker.

Is Barclays trustworthy broker?

Barclays is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to Barclays, money is in a segregated bank account that is separate from Barclays company's funds. As a regulated broker, Barclays cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by Barclays. Instead, your Barclays funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with Barclays. Also Barclays is regulated in its local jurisdictions including major financial regulators like Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA).

What is the minimum deposit for Barclays?

The minimum deposit to trade with Barclays is 0.

How long do Barclays withdrawals take?

Withdrawing money from Barclays processing time varies depending on the method but averages 1-5 days.

Is Barclays regulated?

Barclays is regulated by the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA). Regulatory bodies conduct regular reviews and audits as part of Barclays maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is Barclays a market maker?

Barclays is not a market maker. A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller is not lined up.

How can I start trading with Barclays?

When opening a trading account with Barclays, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on Barclays trading platforms, you can follow the link provided below: Learn more about signing up with the Barclays trading platform here. This will provide useful information and insights into the various trading platforms offered by Barclays, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with Barclays?

Yes your money is safe with Barclays.

Overall, strict financial regulation is essential for ensuring that trading platforms like Barclays operate fairly, transparently, and responsibly, which ultimately benefits all Barclays stakeholders involved.

Trading platforms like Barclays must have strict financial regulation for several reasons:

  • Protecting Barclays Investors: Strict financial regulation ensures that investors who use the Barclays trading platform are protected against fraudulent or unethical behavior by the Barclays platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the Barclays platform.
  • Maintaining Barclays Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the Barclays trading platform. Regulatory procedures reduce the likelihood of the Barclays platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing Barclays Transparency: Regulations require trading platforms like Barclays to maintain detailed records and disclose Barclays client information. Financial regulatory requirements enhances transparency and helps to build trust between the Barclays platform and its investors.

Barclays is regulated by the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA). When selecting a broker such as Barclays, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, Barclays ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like Barclays.

Is Barclays a con?

Barclays is regulated and well established, having been in business for over 13 years. Barclays is not a con.

Can you make money with Barclays?

Although traders have had great success with Barclays, trading on the financial markets with Barclays is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does Barclays have fees?

Barclays withdrawal fees vary on payment method.Barclays does charge a fee for inactive accounts. Barclays do charge deposit fees.

When was Barclays founded?

Barclays was founded in 2011.

How many people use Barclays?

Barclays is used by over 10,000 registered Barclays users.

What is Barclays Headquarters country?

Barclays has its head quarters office in United Kingdom .

Does Barclays offer negative balance protection?

Barclays does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.

Does Barclays offer guaranteed stop loss?

Barclays does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Barclays allow scalping?

Barclays does not offer scalping.

Does Barclays allow hedging?

Barclays does not offer hedging.

Does Barclays offer CFD trading?

Barclays does not offer CFD trading.

Does Barclays offer STP?

Barclays does not offer STP trading.

How many people use Barclays?

Barclays is used by over 10000 Barclays users and traders.

Is Barclays an ECN broker?

Barclays does not offer ECN trading.

Does Barclays offer a demo account?

Barclays does not offer demo account.

Does Barclays offer an Islamic account?

Barclays does not offer Islamic accounts.

What are the funding methods for Barclays?

Please note that funding methods and options available with Barclays can be found in the Barclays Members area and depend on the Barclays client’s country of residence. Please check your specific available payment methods on the Barclays website. Barclays accept the following funding methods : Debit card, Credit card, Apple Pay, Cheque or Check.

Barclays review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Barclays brokerage firm useful.

This article was written by our financial editors, Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Barclays review written by Mark Hansen of Comparebrokers.co