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Our top alternative brokers to Barclays
Hargreaves Lansdown
4.4
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Charles Stanley Direct
4.5
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Our top alternative brokers to Barclays
Hargreaves Lansdown
4.4
Visit broker
Charles Stanley Direct
4.5
Visit broker
Barclays Alternatives

The best alternatives to Barclays are

  1. Hargreaves Lansdown - UK-based stockbroker
  2. Charles Stanley Direct - UK-based stockbroker
  3. Interactive Investor - UK stockbroker
  4. EQi - UK-based stockbroker

Let's see in a bit more detail how the Barclays alternatives compare to Barclays and each other:

Barclays alternatives comparison
Barclays Hargreaves Lansdown Charles Stanley Direct Interactive Investor EQi
Overall score 4.2 4.4 4.5 4.6 3.7
Fees score 4.4 stars 2.7 stars 3.8 stars 3.3 stars 1.3 stars
Account opening score 3.8 stars 4.4 stars 4.7 stars 5.0 stars 5.0 stars
Deposit and withdrawal score 3.8 stars 3.8 stars 3.8 stars 3.8 stars 3.8 stars
Web platform score 3.5 stars 3.7 stars 3.5 stars 3.8 stars 2.7 stars
Markets and products score 1.4 stars 3.0 stars 1.6 stars 3.0 stars 3.0 stars
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Why are these brokers considered good alternatives to Barclays? There are many areas based on which Barclays can be compared with others. When we say a given online broker is a good alternative to Barclays we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

Barclays alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • Barclays is recommended for long-term investors looking for a broker with low fees and solid background
  • Hargreaves Lansdown is recommended for beginners and buy-and-hold investors looking for great customer service and easy-to-use trading platforms
  • Charles Stanley Direct is recommended for beginners and buy-and-hold investors focusing on the uk market
  • Interactive Investor is recommended for beginners and investors focusing on the uk market
  • EQi is recommended for long-term investors in the uk

Important factors of finding Barclays alternatives

So far BrokerChooser has reviewed 85 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether Barclays or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Barclays is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Barclays alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Barclays, the account opening is slower than average, so if you consider this important some Barclays alternatives can be a good choice.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at Barclays, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Barclays alternative is a must.


Now let's dive into the details of how Barclays and its alternatives perform in the most important areas!

Barclays alternatives
Hargreaves Lansdown

Hargreaves Lansdown is one of the biggest UK-based stockbrokers. It was founded in 1981 and is regulated by the top-tier Financial Conduct Authority (FCA). In addition, it is a listed company and a constituent of the FTSE 100, a stock index of the biggest listed companies in the UK.

Hargreaves Lansdown is considered safe because it has a long track record, is regulated by a top-tier authority, and is listed on a stock exchange.

Recommended for beginners and buy-and-hold investors looking for great customer service and easy-to-use trading platforms

Pros Cons
Easy-to-use trading platforms High fees for stocks and ETFs
High-quality educational tools Offline account opening for clients outside the UK
Great customer service Only GBP base currency

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Fees
2.7

Hargreaves Lansdown has low fund and bond trading fees and there is no inactivity fee. However, the stock and ETF fees are high.
Pros Cons
Low non-trading fees High stock and ETF fees
No withdrawal fee Currency conversion fee
Low fees for funds and bonds
Barclays vs. Hargreaves Lansdown: Trading fees
Hargreaves Lansdown Barclays
Apple benchmark fee $31.4 -
Vodafone benchmark fee $31.7 $16.3
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
4.4

Hargreaves Lansdown's account opening process is quick and easy as long as you're in the UK and they manage to electronically verify you. If verification fails or you live outside the UK, you have to send the photocopied documents by post.
Pros Cons
Fast Offline account opening for non-UK clients
No minimum deposit
Fully digital for UK clients
Barclays vs. Hargreaves Lansdown: Minimum deposit, time to open an account
Hargreaves Lansdown Barclays
Minimum deposit $0 $0
Time to open account 1 day >3 days

If you are interested more in Hargreaves Lansdown minimum deposit, this overview will help you.

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Deposit and withdrawal
3.8

Depositing and withdrawing money is easy and free with a debit card or fast bank transfers at Hargreaves Lansdown. Unfortunately, accounts are available only in GBP.
Pros Cons
Credit/Debit card available Only one account base currency
Free withdrawal
No deposit fee
Barclays vs. Hargreaves Lansdown: Withdrawal options
Hargreaves Lansdown Barclays
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
3.7

Hargreaves Lansdown's web platform is great. It is user-friendly and easy to use. However, it lacks a two-step login, customizability, and advanced charting is very slow.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report Limited customizability (for charts, workspace)
Good search function Charting is extremely slow
Web trading platform of Hargreaves Lansdown, a Barclays alternative
Barclays vs. Hargreaves Lansdown: Trading platform scores
Hargreaves Lansdown Barclays
Web platform score 3.7 stars 3.5 stars
Mobile platform score 3.9 stars -
Desktop platform score - -

Learn more about Hargreaves Lansdown's web trading platform in the detailed Hargreaves Lansdown review.

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Markets and products
3.0

Hargreaves Lansdown offers a lot of funds, and you can access an average number of stock markets. You can trade with forex, CFDs and cryptos via IG, another broker. There are no options or futures.
Barclays vs. Hargreaves Lansdown: Markets and products
Hargreaves Lansdown Barclays
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund Yes Yes
Bond Yes Yes
Options No No
Futures No No
CFD No No
Crypto No No

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Verdict

Hargreaves Lansdown is one of the biggest UK brokers and is regulated by a top-tier authority.

Its customer service is great, providing you with relevant answers within a short time. The web and mobile trading platforms are user-friendly and the educational tools are high-quality.

It has some drawbacks though: it has high fees for stocks and ETFs, account opening for clients outside the UK is not fully digital, and there is only one base currency (GBP).

As there is no minimum deposit and no inactivity fee, Hargreaves Lansdown is a good choice for opening a trading account.

Below you can find links to all aspects of Hargreaves Lansdown in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Hargreaves Lansdown fees article.

What about the minimum deposit?

Our ultimate guide to the Hargreaves Lansdown minimum deposit is updated regularly.

How to start your Hargreaves Lansdown account?

Look no further than our evaluation of the Hargreaves Lansdown account opening.

How's their trading app?

Here's our expert view after checking the Hargreaves Lansdown trading app.

Is the quality of customer service satisfactory?

All you need to know about the Hargreaves Lansdown customer service.

Legit or scam?

Is Hargreaves Lansdown legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Hargreaves Lansdown is really free.

Is this broker good for beginners?

We checked it in Is Hargreaves Lansdown good for beginners.

Should you buy your silver bullets on Hargreaves Lansdown?

Research for silver bugs in the Silver buy on Hargreaves Lansdown guide

I want to trade options, are they available at Hargreaves Lansdown?

We explored the topic in Can you trade options on Hargreaves Lansdown?

Hargreaves Lansdown
Summary Hargreaves Lansdown is a UK broker, regulated by the top-tier FCA. The company is listed on the London Stock Exchange and is a constituent of the FTSE 100, a stock index of the biggest listed companies in the UK.
Fees score 2.7 stars
Recommended for Beginners and buy-and-hold investors looking for great customer service and easy-to-use trading platforms

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Barclays alternatives
Charles Stanley Direct

Charles Stanley Direct is a UK-based stockbroker founded in 1985. It is regulated by the top-tier UK Financial Conduct Authority (FCA), and its shares are traded on the London Stock Exchange.

Charles Stanley Direct is considered safe because it has a long track record, is listed on a stock exchange, and is regulated by a top-tier regulator.

Recommended for beginners and buy-and-hold investors focusing on the uk market

Pros Cons
Low fund fees Limited product portfolio
Great customer service Limited education materials
Easy deposit and withdrawal Basic research tools

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Fees
3.8

Charles Stanley Direct has low fund fees and low non-trading fees, but its stock and ETF fees are not the most competitive on the market.
Pros Cons
Low non-trading fees Average stock and ETF fees
Low fund fees
Barclays vs. Charles Stanley Direct: Trading fees
Charles Stanley Direct Barclays
Apple benchmark fee - -
Vodafone benchmark fee $31.2 $16.3
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
4.7

If you have a UK passport, the account opening procedure is quick and easy. If not, you have to mail in photocopied documents, making the process less convenient.
Pros Cons
Fully digital Available only to UK residents
Low minimum deposit
User-friendly
Barclays vs. Charles Stanley Direct: Minimum deposit, time to open an account
Charles Stanley Direct Barclays
Minimum deposit $26 $0
Time to open account 1-3 days >3 days

If you are interested more in Charles Stanley Direct minimum deposit, this overview will help you.

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Deposit and withdrawal
3.8

Depositing and withdrawing money is easy and free with bank transfer at Charles Stanley Direct. Unfortunately, accounts are only available in British pounds.
Pros Cons
Credit/Debit card available Only one account base currency
Free withdrawal
No deposit fee
Barclays vs. Charles Stanley Direct: Withdrawal options
Charles Stanley Direct Barclays
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
3.5

The web trading platform is user-friendly and delivers some of the usual basic functions. However, it lacks a safer two-step login, customizability, and advanced order types.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report Limited customizability (for charts, workspace)
Price alerts Limited order types
Web trading platform of Charles Stanley Direct, a Barclays alternative
Barclays vs. Charles Stanley Direct: Trading platform scores
Charles Stanley Direct Barclays
Web platform score 3.5 stars 3.5 stars
Mobile platform score 4.0 stars -
Desktop platform score - -

Learn more about Charles Stanley Direct's web trading platform in the detailed Charles Stanley Direct review.

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Markets and products
1.6

Charles Stanley Direct offers only UK stocks, ETFs, mutual funds and bonds. International stocks or bonds can be traded offline, but options, futures or CFDs are missing completely.
Barclays vs. Charles Stanley Direct: Markets and products
Charles Stanley Direct Barclays
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund Yes Yes
Bond Yes Yes
Options No No
Futures No No
CFD No No
Crypto No No

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Verdict

Charles Stanley Direct is a UK stockbroker regulated by the FCA and listed on the London Stock Exchange.

On the positive side, it has low fund fees. Customer service is great, offering quick and useful answers. Deposit and withdrawal are easy and free.

The service has some drawbacks though. You can only trade UK stocks, ETFs and mutual funds online. Educational and research tools are limited.

As the minimum deposit is low and no inactivity fee is charged, feel free to try Charles Stanley Direct.

Below you can find links to all aspects of Charles Stanley Direct in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Charles Stanley Direct fees article.

What about the minimum deposit?

Our ultimate guide to the Charles Stanley Direct minimum deposit is updated regularly.

How to start your Charles Stanley Direct account?

Look no further than our evaluation of the Charles Stanley Direct account opening.

How's their trading app?

Here's our expert view after checking the Charles Stanley Direct trading app.

Is the quality of customer service satisfactory?

All you need to know about the Charles Stanley Direct customer service.

Legit or scam?

Is Charles Stanley Direct legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Charles Stanley Direct is really free.

Is this broker good for beginners?

We checked it in Is Charles Stanley Direct good for beginners.

Should you buy your silver bullets on Charles Stanley Direct?

Research for silver bugs in the Silver buy on Charles Stanley Direct guide

I want to trade options, are they available at Charles Stanley Direct?

We explored the topic in Can you trade options on Charles Stanley Direct?

Charles Stanley Direct
Summary Charles Stanley Direct is a UK broker, regulated by the top-tier FCA. The company is listed on the London Stock Exchange and is a constituent of the FTSE 100, a stock index of the biggest listed companies in the UK.
Fees score 3.8 stars
Recommended for Beginners and buy-and-hold investors focusing on the UK market

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Barclays alternatives
Interactive Investor

Interactive Investor (ii) is the second biggest UK stockbroker, regulated by the Financial Conduct Authority (FCA). It was founded in 1995 and incorporated in its current form in 2003.

UK investors can open ISA and SIPP accounts.

Interactive Investor is considered safe because it has a long track record and is overseen by a top-tier regulator.

Recommended for beginners and investors focusing on the uk market

Pros Cons
User-friendly web trading platform Limited product portfolio
Fast and easy deposit and withdrawal Basic charting and analytic tools
Great customer service Monthly account fee

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Fees
3.3

Interactive Investor has average trading fees, including low fund fees; while regular investments are free. On the other hand, there is a monthly account fee.
Pros Cons
Low fund fees Monthly account fee
Regular investments are free
Barclays vs. Interactive Investor: Trading fees
Interactive Investor Barclays
Apple benchmark fee $21.1 -
Vodafone benchmark fee $21.4 $16.3
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
5.0

Opening an account with Interactive Investor is fast, fully digital, and involves no minimum deposit, but only UK addresses are accepted.
Pros Cons
Fast Only UK residents accepted
Fully digital
No minimum deposit
Barclays vs. Interactive Investor: Minimum deposit, time to open an account
Interactive Investor Barclays
Minimum deposit $0 $0
Time to open account 1 day >3 days

If you are interested more in Interactive Investor minimum deposit, this overview will help you.

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Deposit and withdrawal
3.8

Deposit and withdrawal are easy, quick and mostly free. On the negative side, electronic wallets and credit/debit cards are not accpeted for withdrawal.
Pros Cons
Credit/Debit card available No credit/Debit card withdrawal
No deposit fee
Free withdrawal in GBP or EUR
Barclays vs. Interactive Investor: Withdrawal options
Interactive Investor Barclays
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
3.8

Interactive Investor's web trading platform is easy to use, but there is no two-step login option, and the platform cannot be customized.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report Limited customizability (for charts, workspace)
Good search function
Web trading platform of Interactive Investor, a Barclays alternative
Barclays vs. Interactive Investor: Trading platform scores
Interactive Investor Barclays
Web platform score 3.8 stars 3.5 stars
Mobile platform score 2.6 stars -
Desktop platform score - -

Learn more about Interactive Investor's web trading platform in the detailed Interactive Investor review.

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Markets and products
3.0

Interactive Investor offers stocks, ETFs, funds, and bonds, but funds and bonds cover only the UK market.
Barclays vs. Interactive Investor: Markets and products
Interactive Investor Barclays
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund Yes Yes
Bond Yes Yes
Options No No
Futures No No
CFD No No
Crypto No No

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Verdict

Interactive Investor is one of the biggest UK brokers, and is regulated by the top-tier FCA.

It has a user-friendly and well-designed web trading platform. UK investors can open ISA and SIPP accounts. Deposit and withdrawal are easy and fast. Its customer service is great, giving you quick and useful answers.

Interactive Investor has some drawbacks though. Its product offer covers only traditional products, like UK funds and a rather average selection of stocks. Technical research tools are limited, and there is a monthly account fee.

As there is no minimum deposit and you can use great trading platforms, feel free to try Interactive Investor.

Below you can find links to all aspects of Interactive Investor in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Interactive Investor fees article.

What about the minimum deposit?

Our ultimate guide to the Interactive Investor minimum deposit is updated regularly.

How to start your Interactive Investor account?

Look no further than our evaluation of the Interactive Investor account opening.

How's their trading app?

Here's our expert view after checking the Interactive Investor trading app.

Is the quality of customer service satisfactory?

All you need to know about the Interactive Investor customer service.

Legit or scam?

Is Interactive Investor legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Interactive Investor is really free.

Is this broker good for beginners?

We checked it in Is Interactive Investor good for beginners.

Should you buy your silver bullets on Interactive Investor?

Research for silver bugs in the Silver buy on Interactive Investor guide

I want to trade options, are they available at Interactive Investor?

We explored the topic in Can you trade options on Interactive Investor?

Interactive Investor
Summary Interactive Investor is a UK-based direct-to-investor investment service. It is regulated by the top-tier FCA.
Fees score 3.3 stars
Recommended for Beginners and investors focusing on the UK market

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Barclays alternatives
EQi

EQi is a UK-based stockbroker regulated by the Financial Conduct Authority (FCA). It was founded as Selftrade in 2007, and was later acquired by the Equiniti Group, where it was rebranded as EQi.

EQi only accepts UK residents as clients, but for them it offers a wide range of assets and access to international stock exchanges.

EQi is considered safe because it is regulated by a top-tier financial authority, its parent company is listed on a stock exchange, and it discloses its financials transparently.

Recommended for long-term investors in the uk

Pros Cons
Quick and easy account opening High non-UK stock trading fees
Free deposit and withdrawal No quality educational tools
Low fund fees Only GBP as base currency

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Fees
1.3

EQi charges no withdrawal fees and has relatively low fund fees. Its other trading fees are relatively high though, especially for non-UK stocks and ETFs; there's also a custody fee.
Pros Cons
No withdrawal fee High trading fees
High non-UK stock fees
Custody fee
Barclays vs. EQi: Trading fees
EQi Barclays
Apple benchmark fee $66.9 -
Vodafone benchmark fee $29.2 $16.3
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
5.0

Opening an account at EQi is fast and fully online. The process is simple and easy to follow. However, it is only available to UK residents.
Pros Cons
Fast Only for UK residents
Fully digital
No minimum deposit
Barclays vs. EQi: Minimum deposit, time to open an account
EQi Barclays
Minimum deposit $0 $0
Time to open account 1 day >3 days

If you are interested more in EQi minimum deposit, this overview will help you.

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Deposit and withdrawal
3.8

EQi offers simple and free deposit and withdrawal via bank transfer or credit/debit card. On the negative side, only GBP accounts are available, and withdrawal is slow.
Pros Cons
Credit/Debit card available Only one account base currency
Free withdrawal Slow withdrawal - over 3 days
Electronic wallets not accepted
Barclays vs. EQi: Withdrawal options
EQi Barclays
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
2.7

EQi's web trading platform has a simple design and offers good fee reports. However, it lacks customizability and is not really user-friendly at first sight.
Pros Cons
Clear fee report No two-step (safer) login
Order confirmation Limited customizability (for charts, workspace)
No price alerts
Web trading platform of EQi, a Barclays alternative
Barclays vs. EQi: Trading platform scores
EQi Barclays
Web platform score 2.7 stars 3.5 stars
Mobile platform score 2.6 stars -
Desktop platform score - -

Learn more about EQi's web trading platform in the detailed EQi review.

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Markets and products
3.0

EQi offers an impressive range of stocks, funds, ETFs and bonds, but many other product categories such as forex, CFDs, futures or options are missing entirely.
Barclays vs. EQi: Markets and products
EQi Barclays
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund Yes Yes
Bond Yes Yes
Options No No
Futures No No
CFD No No
Crypto No No

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Verdict

EQi is a UK-based stockbroker, regulated by a top-tier authority and focusing on UK clients.

EQi provides low fund trading fees and access to international markets. It has a quick account opening process and offers pretty good deposit and withdrawal options. 

On the negative side, EQi has high trading fees for non-UK stocks and ETFs. The design and functionality of the web trading platform compares poorly to EQi's competitors. The lack of research capabilities and quality educational tools is not making the broker beginner-friendly at all. The mobile platform is rudimentary; while EQi has only one base currency (GBP).

With no minimum deposit and low fund fees, EQi may be a good choice for UK residents who are focusing on long-term investments.

Below you can find links to all aspects of EQi in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our EQi fees article.

What about the minimum deposit?

Our ultimate guide to the EQi minimum deposit is updated regularly.

How to start your EQi account?

Look no further than our evaluation of the EQi account opening.

How's their trading app?

Here's our expert view after checking the EQi trading app.

Is the quality of customer service satisfactory?

All you need to know about the EQi customer service.

Legit or scam?

Is EQi legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether EQi is really free.

Is this broker good for beginners?

We checked it in Is EQi good for beginners.

Should you buy your silver bullets on EQi?

Research for silver bugs in the Silver buy on EQi guide

I want to trade options, are they available at EQi?

We explored the topic in Can you trade options on EQi?

EQi
Summary EQi is an UK-based stockbroker, regulated by the top-tier FCA. EQi's parent company, Equinti Group, is listed on LSE and discloses financial statements transparently.
Fees score 1.3 stars
Recommended for Long-term investors in the UK

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Barclays alternatives
Barclays

Barclays is a UK-based financial service company with a long history, the origins of which date back to the 17th century. Barclays is listed on multiple stock exchanges, including the LSE and the NYSE.

Barclays provides a brokerage service for UK customers through its subsidiary, Barclays Smart Investor. Barclays Smart Investor was founded in 1992 and is regulated by the Financial Conduct Authority (FCA).

Barclays Smart Investor is considered safe because it has a long track record and a good reputation, is listed on a stock exchange, has a banking background, discloses its financials, and is regulated by a top-tier financial authority.

We use Barclays Smart Investor and Barclays interchangeably, but we always refer to Barclays's brokerage service.

Recommended for long-term investors looking for a broker with low fees and solid background

Pros Cons
Low fees Limited to UK products
Solid company background Current bank account is needed for mobile platform
Great fundamental research Poor customer support

Fees
4.4

Barclays Smart Investor provides low trading fees for stocks, ETFs, bonds, and funds. It's also great that no deposit, withdrawal, or inactivity fees are charged. On the other hand, there is a volume-based monthly customer fee for holding assets.
Pros Cons
Low stock, ETF, fund, and bond fees Volume-based monthly customer fee
No withdrawal fee
No inactivity fee
Barclays alternatives trading fees
Barclays Hargreaves Lansdown Charles Stanley Direct Interactive Investor EQi
US stock - $15.5 - $10.4 $33.3
UK stock $7.8 $15.5 $15.0 $10.4 $14.3

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k

Account opening
3.8

Barclays Smart Investor offers a fully digital account opening with no minimum deposit. On the negative side, the account verification took long and only UK residents can open an account with Barclays.
Pros Cons
Fully digital Slow
No minimum deposit Account opening only for UK residents
Barclays alternatives minimum deposit and account open times
Barclays Hargreaves Lansdown Charles Stanley Direct Interactive Investor EQi
Minimum deposit $0 $0 $26 $0 $0
Time to open account >3 days 1 day 1-3 days 1 day 1 day

Learn more about Barclays minimum deposit here.

Deposit and withdrawal
3.8

Depositing and withdrawal is free of charge with a debit card or bank transfer and is usually processed fast. On the other hand, you can't use electronic wallets and we experienced some difficulties having different bank accounts accepted.
Pros Cons
Credit/Debit card available Missing electronic wallets
Free withdrawal
No deposit fee
Barclays and alternatives withdrawal options and fees
Barclays Hargreaves Lansdown Charles Stanley Direct Interactive Investor EQi
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $0 $0 $0

Web trading platform
3.5

Barclays Smart Investor has a user-friendly and well-designed web trading platform. It also offers good search functions and transparent order confirmation. However, the platform is not customizable and there is no two-step login option.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report Limited customizability (for charts, workspace)
Good search function
Barclays - Web trading platform
Barclays and alternatives trading platform scores
Barclays Hargreaves Lansdown Charles Stanley Direct Interactive Investor EQi
Web platform score 3.5 stars 3.7 stars 3.5 stars 3.8 stars 2.7 stars
Mobile platform score - 3.9 stars 4.0 stars 2.6 stars 2.6 stars
Desktop platform score - - - - -

Learn more about Barclays's web trading platform in the detailed Barclays review.

Markets and products
1.4

Barclays Smart Investor offers stocks, ETFs, bonds, and mutual funds. Unfortunately, the product portfolio covers only the UK market and the number of available products is far from robust.
Barclays and alternatives markets and products
Barclays Hargreaves Lansdown Charles Stanley Direct Interactive Investor EQi
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex No No No No No
Fund Yes Yes Yes Yes Yes
Bond Yes Yes Yes Yes Yes
Options No No No No No
Futures No No No No No
CFD No No No No No
Crypto No No No No No

Verdict

All in all, Barclays Smart Investor is a transparent and secure brokerage held by a financially stable global UK bank and is regulated by the top-tier FCA

We rated Smart Investors favorably because of its low fees, the safety it provides for account holders and great fundamental research.

Some of its drawbacks include a limited product offering and missing mobile trading platform, as well as poor customer support.

If you are looking for a solid, safe online broker, you can go ahead and give Barclays Smart Investor 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 fully online. 

Below you can find links to all aspects of Barclays in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Barclays fees article.

What about the minimum deposit?

Our ultimate guide to the Barclays minimum deposit is updated regularly.

How to start your Barclays account?

Look no further than our evaluation of the Barclays account opening.

How's their trading app?

Here's our expert view after checking the Barclays trading app.

Is the quality of customer service satisfactory?

All you need to know about the Barclays customer service.

Legit or scam?

Is Barclays legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Barclays is really free.

Is this broker good for beginners?

We checked it in Is Barclays good for beginners.

Should you buy your silver bullets on Barclays?

Research for silver bugs in the Silver buy on Barclays guide

I want to trade options, are they available at Barclays?

We explored the topic in Can you trade options on Barclays?

Barclays
Summary Barclays is a UK-based bank. Barclays Smart Investor is the brokerage service provided by Barclays and regulated by the top-tier FCA.
Fees score 4.4 stars
Recommended for Long-term investors looking for a broker with low fees and solid background

Barclays alternatives
Bottom line

Based on our analysis, there are several good alternatives to Barclays. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Barclays alternatives
Broker Info Recommended for
Barclays UK-based stockbroker Long-term investors looking for a broker with low fees and solid background
Hargreaves Lansdown UK-based stockbroker Beginners and buy-and-hold investors looking for great customer service and easy-to-use trading platforms
Charles Stanley Direct UK-based stockbroker Beginners and buy-and-hold investors focusing on the UK market
Interactive Investor UK stockbroker Beginners and investors focusing on the UK market
EQi UK-based stockbroker Long-term investors in the UK

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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Our top alternative brokers to Barclays

Hargreaves Lansdown Charles Stanley Direct
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