Barclays Review 2022: Advantages and Disadvantages

Barclays is a UK-based financial help organization with a long history, the starting points of which date back to the seventeenth century. The financial service provider offers exceptional trading services and conditions to its clients. The firm is listed on different stock exchanges, including the LSE and the NYSE.

Barclays offers a brokerage service to UK clients through its auxiliary, Barclays Smart Investor. Barclays Smart Investor was established in 1992 and is managed by the Financial Conduct Authority (FCA).

Barclays Smart Investor is viewed as a secured firm in light of the fact that it has a long history and a decent standing, is listed on a stock exchange, has a financial foundation, reveals its financials, and is controlled by a top-level financial authority.

Barclays Review Pros and Cons


  • Low Trading Fees
  • Advanced Research Section
  • Highly Regulated


  •  Limited to UK products

Barclays Review Scam: Regulations

Barclays Smart Investor was set up in 1992 and is the speculation auxiliary of Barclays UK Bank Plc  Barclays Bank PLC, an individual from the Barclays banking bunch that can follow its beginnings back to the seventeenth century. The more drawn out history a broker has, the more confirmation we have that it has effectively endured past financial emergencies.

The way that the parent organization has a financial permit implies that Barclays Smart Investor is additionally dependent upon harder guidelines than brokers. Besides, Barclays is listed on various stock exchanges, which is a major in addition to for well-being as it discharges financial articulations routinely and straightforwardly.

Generally, having a parent organization with a financial foundation, being listed on a stock exchange, and managed by top-level authority are largely extraordinary finishes paperwork for Barclays Smart Investor’s security.

Barclays Review: Trading Account Types

The broker offers four types of core account types. Each trading account comes with some of the unique and exceptional features and services

  • Investment Account: Standard investment account
  • Investment ISA: Investment account that has an annual ISA allowance of up to £20,000, providing tax-free returns
  • Investment Saver: Technical interest-bearing account where your uninvested cash is held 
  • SIPP AccountPersonal: Retirement account that exempts you from capital gains tax and income tax

Barclays Review: Account Opening

The account opening process is simple and fully digital. You can open an account and start your trading journey within few minutes by following some simple steps:

  • Visit the official website of Barclays and click on the account opening tab
  • Fill in the essential information such as your name, DOB, address, etc.
  • Upload the documents for KYC.
  • After verification, you can start your trading journey with any amount as there is no fixed minimum deposit.

Barclays Review: Trading Platform

The broker offers an advanced and user-friendly web trading platform. It doesn’t provide desktop and mobile trading app. The web trading platform comes with all the essential features and services like charting tools, indicators and etc.

  • One-click trading
  • User-friendly
  • Real-time price alerts
  • Stop-loss/limits orders
  • Free reports
  • Advanced technical analysis tools

Barclays Review: Trading Instruments

The brokerage firm offers trading ability on multiple assets such as stocks, ETFs, bonds, etc. The assets offered by the broker only covers UK financial market. Traders can trade only stocks, ETFs and funds only from UK’s financial market. Which is a major setback as compared to other top brokers in the industry.

Stocks and ETFs

Barclays Smart Investor offers admittance to the UK stock market for share trading and 1000+ETFs, which, when seen all alone, offers various trading/contributing freedoms, yet lingers behind its rivals with regards to the general number of stock and ETF contributions.


Barclays Smart Investor offers around 2,500 UK common funds. The quantity of accessible common funds is well underneath what its rivals offer.


Compare to other brokerage firms, the bond choice is normal. Barclays Smart Investor gives 140+ UK corporate and government bonds.

Barclays Review: Commission & Spreads

The broker’s fees and commission policy are transparent and clearly mentioned on the official website. It does not charge any hidden charges. The fees charged by the brokerage firm is classified into different section such as holding fees, transaction fees, etc.

Maintenance Fees:

Funds: 0.2% per annum on Funds mean Unit Trusts & Open Ended Investment Companies (OEICs) only.

Other Investments: 0.1% p.a. on other investments mean all asset classes except for funds and cash.

Minimum Fees: 4 Euros only apply once you add cash or investment to your account.

Transaction Fees:

Funds: 3 Euros as fixed charge every time you buy or sell assets.

Other Investments: 6 Euros as fixed charge every time you buy or sell assets.

Barclays Review: Deposit and Withdrawal

The broker offers commission-free deposits and withdrawals. Traders can deposit and withdraw funds through bank wire transfers and credit/ debit cards. You can withdraw the funds easily by following some simple steps:

  • Log in to your Account
  • Go to ‘My Hub’ and click on ‘Portfolio’ to get started 
  • Click on the Account (if you have more) from which you want to withdraw funds
  • Click on ‘Withdraw’ and follow the instructions
  • You need to select whether it is a one-time or regular withdrawal 
  • Set the account you want to withdraw funds from
  • Select the account where you want to transfer the funds
  • Set the GBP amount to be withdrawn and click ‘Review’
  • Confirm your withdrawal request

The order processing timings might take up to 3-4 business days.

Barclays Review: Educational and Research Support

The broker offers a good range of educational resources like investing guides, Financial goals and many more. The educational material is quite informative and can beneficial for newcomers and even for experienced traders.

  • Educational Videos
  • Informative Articles

It also offers some advanced trading and research tools for market analysis. The articles regarding fundamental and technical analysis and investment ideas.

  •  Interactive charting
  • Trading ideas 
  • Data on asset fundamentals
  • Quality news flow

Barclays Review: Customer Service

You can connect with the support team through live chat, email and telephone. The support team is quite responsive and well trained that solve traders queries instantly. You can contact customer support 24/7.

  • Personal and Premier Customers 0800 400 100
  • From abroad: +44 2476 842 099
  • Business Customers 0800 151 0155
  • From abroad: +44 2476 842 091

Final Verdict

Barclays is a genuine and secure brokerage firm operated by a financially stable global UK bank and is regulated and authorised by the top-tier FCA. The brokerage firm has low fees, the safety it provides for account holders and excellent fundamental research.

Some of its disadvantages include limited tradable instruments and missing mobile trading platforms. However, suppose you are looking for a trustworthy, safe online broker. In that case, you can go ahead and give Barclays a try, as the trading and non-trading fees are generally low, the security of your funds are protected to a high level, and the account opening is simple and completely digital.

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