Barclays Review 2020

Barclays Rated 3/5
learn more Learn more about eToro. 75% of retail investor accounts lose money when trading CFDs with this provider.

Barclays Guide

Barclays are an online broker founded in 2011 offering Forex trading trading, and Share Dealing trading.

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

Barclays have a listed stock symbol. This means that Barclays have publically listed and you can officially buy shares in Barclays on one of the worlds global market exchanges.

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

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 9 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.

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.

Broker barclays eToro XTB Trading212
Year Established 2011 2006 2002 2006
Head Office United Kingdom Cyprus, UK Poland UK
Regulation Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Used By 10,000+ 12,000,000+ 250,000+ 14,000,000+
Negative balance protection No Yes Yes
Guaranteed Stop Loss No No Yes
Learn More Visit Barclays Visit eToro Visit XTB Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Barclays Pros and Cons

What we like about Barclays

  • Used by over 10,000 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 Financial Regulation and Supervision in more detail

We have checked and Barclays is regulated and supervised by reputable organisations. You are able to check every Barclays supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Barclays. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Barclays traders and provide a safe trading environment.

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

Barclays General Fees

  • Barclays withdrawal fees varies on payment method
  • Barclays does charge inactivity fees
  • Barclays does charge deposit fees
Broker barclays eToro XTB Trading212
Min Deposit 0 200 0 1
Withdrawl Fees 2.75 Yes varies No
Inactivity Fees Yes No No
Deposit Fees No No No
CFD Commission Fees No Yes No

Barclays Commissions

  • Barclays does charge commission on CFD instruments.

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

Broker barclays eToro XTB Trading212
Instruments Available 41 100 1,500 3000
Platforms Desktop, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies Visit Barclays Visit eToro Visit XTB Visit Trading 212
Forex pairs offered 50 50 177
Major forex pairs No Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs NO Yes Yes Yes
Cryptocurrencies NO Yes Yes Yes
Commodity CFDs Visit Barclays Visit eToro Visit XTB Visit Trading 212
Commodities Offered 0 0 21 14
Metals No Yes Yes Yes
Energies NO Yes Yes Yes
Agricultural NO Yes Yes Yes
Indiced & Stock CFDs Visit Barclays Visit eToro Visit XTB Visit Trading 212
Stocks Offered 957 1696 1731
UK Shares No Yes Yes Yes
US Shares NO Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes

Trading on Barclays web platforms and other applications

Barclays offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so 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

Barclays withdrawl and funding methods.

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

Broker barclays eToro XTB Trading212
Bank transfer No Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes Yes No
Neteller No Yes Yes No

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 instruments.

Education resources at Barclays

To trade effectively with Barclays, it's important to get a have a good understanding of the Barclays 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.

Customer 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

Barclays have a B grade support rating because sometimes the reposonse was slow or our query wasnt answered. 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 eToro XTB Trading212
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, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
Learn More Visit Barclays Visit eToro Visit XTB Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with Barclays

As Barclays is regulated by Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), 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 3 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.

Is Barclays A Good Broker?

We spent over 3 months examining Barclays in depth. Although we found some very useful aspects of the Barclays platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Barclays broker.

  • Barclays have a good track record of offering Forex trading, Share Dealing.
  • Barclays has a history of over 9 years.
  • Barclays has a reasonable sized customer support of at least 10.
  • Barclays are regulated by Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA). This means Barclays fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Barclays have regulation from a Tier 1 reputable country.
  • Barclays has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Barclays have an international presence in multiple countries. This includes local Barclays seminars and training.
  • Barclays are able to hire people from various locations in the world who can better communicate in your local language.

Barclays Risk Disclaimer

Your capital is at risk

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

Is Barclays safe?

Barclays are considered safe 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 banks financial health and strength.

Is Barclays trading good?

Barclays is considered good and reputable to trade with. BarclaysBarclays is used by over Barclays active traders. Barclays offers Forex trading trading, and Share Dealing trading. Minimum deposit with Barclays is mindeposit.

Is Barclays trading Legit?

Barclays was founded in United Kingdom in 2011. Barclays has been facilitating trade on the financial markets for over 9 years. Barclays offers clients Forex trading trading, and Share Dealing trading. All funds deposited to Barclays are held in segregated tier 1 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 is overseen by the top tier financial regulators Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) so can be considered a good broker.Barclays allows Forex trading trading, and Share Dealing trading.

Is Barclays trustworthy broker?

Barclays can be considered trustworthy. All money funded to Barclays is placed into a segregated tier 1 bank account. this means your money in not held by Barclays directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Barclays is regulated by 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 but averages 2-5 days.

Is Barclays regulated?

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

Is Barclays a market maker?

Barclays is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer 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. 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 (FCA), Prudential Regulation Authority (PRA). 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.

Is Barclays a con?

Barclays is regulated and well established having been in business for over 9 years. Barclays is definitely 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 varies on payment method. Barclays does charge inactivity fees. Barclays does charge deposit fees.

When was Barclays founded?

Barclays was founded in 2011.

How many people use Barclays?

Barclays is used by over 10000 registered traders.

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 means 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 guarenteed 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 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?

Barclays accept the following funding methods :

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 editor 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 experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, 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