Barclays Review for 2019

Barclays Rated 3/5
Barclays have a low rating. We recommend you look at one of their alternative brokers.
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Barclays Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Barclays we break down the pros and cons. What Barclays are able to offer, what countries Barclays are available in. Who Barclays are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Barclays

  • Regulated by: Financial Conduct Authority, Prudential Regulation Authority
  • Headquarters Country : United Kingdom
  • Foundation year 2011
  • Min Deposit Fee : No minimum deposit.
  • Used by over 10,000 traders
  • Barclays is not available in the following countries :
Open Barclays's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to Barclays

With this review we hope to help you see if Barclays is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Barclays that will help you get off to a good start in the world of online trading.

Barclays Review Table of Contents

Barclays what you should know

Barclays offer two ways to trade: Forex trading, Share Dealing.

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 choosing a broker like Barclays the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2011, and in operation for 8 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, Prudential Regulation Authority regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Barclays, this will be honored. If Barclays violate any regulatory rules their regulated status could be stripped.

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 banks financial health and strength.

Try creating two accounts when you are working with Barclays. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

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.

What we like about Barclays

  • Used by over 10,000 traders
  • Established in 2011
  • Regulated by Financial Conduct Authority, Prudential Regulation Authority
  • Min. deposit from $0

What we don't like about Barclays

Barclays General Fees

  • Barclays withdrawal fees varies on payment method
  • Barclays does charge inactivity fees

Barclays Commissions

  • Barclays does charge commission on CFD shares.

What can you trade with Barclays?

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

If you are looking at trading currency pairs Barclays offer over currency pairs.

Compare Barclays with eToro and XTB below.

Your capital is at risk

FX / Currencies barclays eToro XTB
Forex pairs offered 50 50
Major forex pairs No Yes Yes
Minor forex pairs No Yes Yes
Exotic forex pairs NO Yes Yes
Cryptocurrencies NO Yes Yes
Commodity CFDs Barclays eToro XTB
Commodities offered 0 0 21
Metals No Yes Yes
Energies NO Yes Yes
Agricultural NO Yes Yes
Indiced & Stock CFDs Barclays eToro XTB
Stocks offered 957 1696
UK Shares No Yes Yes
US Shares NO Yes Yes
German Shares No Yes Yes
Japanese Shares No Yes Yes
barclays
Instruments
eToro
Instruments
XTB
Instruments

Trading on Barclays web platforms and other applications

Barclays offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.

Barclays also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See barclays's platforms

Barclays Trading benefits :

  • Low min deposit

Barclays Trading Accounts Offered :

  • Standard account

Can I try Barclays before I buy?

Barclays offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do Barclays accept?

Barclays offer the below funding payment methods. learn more about Barclays

How can I start trading with Barclays?

When opening a trading account with Barclays, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Barclays trading platforms here.

Performing trades with Barclays

Barclays allow you to execute a minimum of trade of . This may vary depending on the account you open. Barclays allow you to execute a maxium trade of .

As a market maker, Barclays may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Education resources at Barclays

To trade effectively with Barclays, it's important to get a have a good understanding of the XTB trading tools and the markets.

Barclays offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Barclays.

Take time to look around the Barclays platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Support at Barclays

Barclays support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

What you will need to open an account with Barclays

As Barclays is regulated by Financial Conduct Authority, Prudential Regulation Authority , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Barclays's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Barclays you can visit their website here.

CFDs are leveraged products and can result in the loss of your 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 as investment advice. All information collected from https://barclays.com on 12th August 2018.

Barclays not quite right?

Check out these Barclays Alternatives

We have spent years researching the best alternatives to Barclays. Click the links below to learn more.

If you feel some of the above Barclays are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Barclays alternatives below.

Related Barclays Comparisons

If you would like to see how Barclays stands up against other brokers you can read some of our Barclays comparisons below. We compare side by side some of our top rated Barclays versus comparisons. Read some indepth Barclays VS pages below.

BARCLAYS Frequently Asked Questions

Can I try Barclays before I buy?

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?

Barclays offer the following funding payment methods among other payment methods.
Learn more here

Your capital is at risk

How can I start trading with Barclays?

When opening a trading account with Barclays, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Barclays trading platforms here.

Is my money safe with Barclays?

Barclays is regulated by Financial Conduct Authority, Prudential Regulation Authority . One of the most important criteria for traders when choosing a broker like Barclays is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Barclays, this will be honored. If they violate any regulatory rules their regulated status can be stripped.