Barclays review
Barclays is a Multi-Assets Trading Platform with over 8000+ Assets
Barclays is a multi asset platform with 8000+ 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 offers Advanced Financial Chart comparison tools
- Barclays offers Research-backed analysis on financial markets and investments from top analysts
- The Barclays platform is available to use on multiple devices including and online through a Web Browser.
- Barclays offers a trading platform with tools for both New Traders and Seasoned Experts
- Barclays users benefit from using the Barclays platform in over 15 different languages
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 FCA (Financial Conduct Authority) (122702), PRA (Prudential Regulation Authority) (122702), SEC (Securities and Exchange Commission) (801-43392), FINRA (Financial Industry Regulatory Authority) (19714), FSA (Financial Services Agency) (Registration Number 207), ASIC (Australian Securities and Investments Commission) (246617), SFC (Securities and Futures Commission) (AYK346), MAS (Monetary Authority of Singapore) (CMS100560-1), DFSA (Dubai Financial Services Authority) (F000356) 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
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 | FCA (Financial Conduct Authority) (122702), PRA (Prudential Regulation Authority) (122702), SEC (Securities and Exchange Commission) (801-43392), FINRA (Financial Industry Regulatory Authority) (19714), FSA (Financial Services Agency) (Registration Number 207), ASIC (Australian Securities and Investments Commission) (246617), SFC (Securities and Futures Commission) (AYK346), MAS (Monetary Authority of Singapore) (CMS100560-1), DFSA (Dubai Financial Services Authority) (F000356) | Seychelles Financial Services Authority (FSA) (SD018) | 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 | 48,000,000+ Barclays users | 200,000+ IC Markets users | 730,000+ Roboforex users | 35,000,000+ eToro users |
Negative balance protection | No | Yes | Yes | Yes |
Guaranteed Stop Loss | No | 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
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.
- FCA (Financial Conduct Authority) (122702)
- PRA (Prudential Regulation Authority) (122702)
- SEC (Securities and Exchange Commission) (801-43392)
- FINRA (Financial Industry Regulatory Authority) (19714)
- FSA (Financial Services Agency) (Registration Number 207)
- ASIC (Australian Securities and Investments Commission) (246617)
- SFC (Securities and Futures Commission) (AYK346)
- MAS (Monetary Authority of Singapore) (CMS100560-1)
- DFSA (Dubai Financial Services Authority) (F000356)
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 48,000,000 users.
Barclays review
Barclays Awards
Barclays have won numerious industry awards over the 13 years they have been operating as a financial broker. We have listed the most notable awards and mentions for Barclays below.
- Best Investment Bank - Euromoney - 2024
- Best Bank for ESG - Euromoney - 2024
- Outstanding Work Recognition - IFR Awards - 2023
- Interest Rate Derivatives Award - Risk Awards - 2023
- Client Clearer Award - Risk Awards - 2023
- Credit Derivatives House of the Year - Risk Awards - 2023
Barclays review
Barclays Fees Explained
- Barclays doesn't charge withdrawal fees.
- Barclays does not charge a fee for inactive accounts.
- Barclays doesn't 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 | 50 |
Withdrawal Fees | No | No | No | Yes |
Inactivity Fees | No | No | No | Yes |
Deposit Fees | No | No | 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
Barclays doesn't charge withdrawal fees.
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 Cards, VISA, MasterCard, Maestro, Bank Pay, Apple Pay, Barclays Bank App, Bank Transfer.
Barclays Inactivity Fees
Barclays does not 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 does not charge deposit fees. Although bank / 3rd party merchant fees may apply.
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 8000 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.
How Barclays Trading Options Compare Against Other Brokers
Broker | barclays | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Instruments Available | 8000 | 2250 | 12000 | 6000 |
Platforms | BARX, Web, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web |
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 platformsIs 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 Cards
- Barclays accepts VISA
- Barclays accepts MasterCard
- Barclays accepts Maestro
- Barclays accepts Bank Pay
- Barclays accepts Apple Pay
- Barclays accepts Barclays Bank App
- Barclays accepts Bank Transfer
Broker | barclays | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Bank transfer | Yes | Yes | Yes | Yes |
Credit Cards | Yes | Yes | No | Yes |
Paypal | No | Yes | No | Yes |
Skrill | No | Yes | Yes | Yes |
Payoneer | No | No | No | 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 48,000,000 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
Barclays offer educational resources which include Articles. Please bear in mind that these resources provided by Barclays do not guarantee any results when trading. When we checked on the Barclays website, these educational resources were not available in every language. Also some financial instruments mentioned in any Barclays educational resources may not be available in your region.
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 |
|
|
|
|
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 FCA (Financial Conduct Authority) (122702), PRA (Prudential Regulation Authority) (122702), SEC (Securities and Exchange Commission) (801-43392), FINRA (Financial Industry Regulatory Authority) (19714), FSA (Financial Services Agency) (Registration Number 207), ASIC (Australian Securities and Investments Commission) (246617), SFC (Securities and Futures Commission) (AYK346), MAS (Monetary Authority of Singapore) (CMS100560-1), DFSA (Dubai Financial Services Authority) (F000356).
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 November 11, 2024.
Watch this Barclays Explainer Video
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 FCA (Financial Conduct Authority) (122702), PRA (Prudential Regulation Authority) (122702), SEC (Securities and Exchange Commission) (801-43392), FINRA (Financial Industry Regulatory Authority) (19714), FSA (Financial Services Agency) (Registration Number 207), ASIC (Australian Securities and Investments Commission) (246617), SFC (Securities and Futures Commission) (AYK346), MAS (Monetary Authority of Singapore) (CMS100560-1), DFSA (Dubai Financial Services Authority) (F000356). 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?
If after reading this Barclays review, Barclays does not fulfill your needs check out these Barclays Alternatives.
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After extensive research over several years, we have compiled a list of the most effective Barclays alternatives available today. If you are unsatisfied with Barclays or want to explore other options, we recommend checking out our carefully curated list of highly-rated Barclays alternatives. Follow the links below to learn more about these Barclays broker alternatives and choose the one that best suits your trading needs.
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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.
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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 Cards, VISA, MasterCard, Maestro, Bank Pay, Apple Pay, Barclays Bank App, Bank Transfer, among other payment methods.
Learn more here
Is Barclays safe?
Barclays have over 48,000,000 users. Barclays are considered reliable as they are regulated by and checked for conduct by the FCA (Financial Conduct Authority) (122702), PRA (Prudential Regulation Authority) (122702), SEC (Securities and Exchange Commission) (801-43392), FINRA (Financial Industry Regulatory Authority) (19714), FSA (Financial Services Agency) (Registration Number 207), ASIC (Australian Securities and Investments Commission) (246617), SFC (Securities and Futures Commission) (AYK346), MAS (Monetary Authority of Singapore) (CMS100560-1), DFSA (Dubai Financial Services Authority) (F000356). 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 48,000,000 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 FCA (Financial Conduct Authority) (122702), PRA (Prudential Regulation Authority) (122702), SEC (Securities and Exchange Commission) (801-43392), FINRA (Financial Industry Regulatory Authority) (19714), FSA (Financial Services Agency) (Registration Number 207), ASIC (Australian Securities and Investments Commission) (246617), SFC (Securities and Futures Commission) (AYK346), MAS (Monetary Authority of Singapore) (CMS100560-1), DFSA (Dubai Financial Services Authority) (F000356) 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 FCA (Financial Conduct Authority) (122702), PRA (Prudential Regulation Authority) (122702), SEC (Securities and Exchange Commission) (801-43392), FINRA (Financial Industry Regulatory Authority) (19714), FSA (Financial Services Agency) (Registration Number 207), ASIC (Australian Securities and Investments Commission) (246617), SFC (Securities and Futures Commission) (AYK346), MAS (Monetary Authority of Singapore) (CMS100560-1), DFSA (Dubai Financial Services Authority) (F000356) 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 FCA (Financial Conduct Authority) (122702), PRA (Prudential Regulation Authority) (122702), SEC (Securities and Exchange Commission) (801-43392), FINRA (Financial Industry Regulatory Authority) (19714), FSA (Financial Services Agency) (Registration Number 207), ASIC (Australian Securities and Investments Commission) (246617), SFC (Securities and Futures Commission) (AYK346), MAS (Monetary Authority of Singapore) (CMS100560-1), DFSA (Dubai Financial Services Authority) (F000356).
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 FCA (Financial Conduct Authority) (122702), PRA (Prudential Regulation Authority) (122702), SEC (Securities and Exchange Commission) (801-43392), FINRA (Financial Industry Regulatory Authority) (19714), FSA (Financial Services Agency) (Registration Number 207), ASIC (Australian Securities and Investments Commission) (246617), SFC (Securities and Futures Commission) (AYK346), MAS (Monetary Authority of Singapore) (CMS100560-1), DFSA (Dubai Financial Services Authority) (F000356). 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 FCA (Financial Conduct Authority) (122702), PRA (Prudential Regulation Authority) (122702), SEC (Securities and Exchange Commission) (801-43392), FINRA (Financial Industry Regulatory Authority) (19714), FSA (Financial Services Agency) (Registration Number 207), ASIC (Australian Securities and Investments Commission) (246617), SFC (Securities and Futures Commission) (AYK346), MAS (Monetary Authority of Singapore) (CMS100560-1), DFSA (Dubai Financial Services Authority) (F000356). 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 doesn't charge withdrawal fees. Barclays doesn't charge inactivity fees. Barclays doesn't charge deposit fees.
When was Barclays founded?
Barclays was founded in 2011.
How many people use Barclays?
Barclays is used by over 48,000,000 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 48000000 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 Cards, VISA, MasterCard, Maestro, Bank Pay, Apple Pay, Barclays Bank App, Bank Transfer.