Overview of Barclays fees and charges
It's safe to say that Barclays's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use Barclays even in case you trade frequently like multiple times a week or daily.
Here's a high level overview of Barclays's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | Low | £6 per trade |
| EURUSD fee | - | Not available |
| US tech fund fee | Low | Online transaction fee is £3, plus monthly service fee of 0.2% p.a. of assets held, with a monthly minimum of £4, and maximum of £125 |
| Inactivity fee | Low | No inactivity fee |
Barclays fees
Barclays fees explained
We compare Barclays fees with its closest competitors, Hargreaves Lansdown and Charles Stanley Direct.
Barclays fees
Barclays trading fees
Barclays's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).
Let's break down the trading fees into the different asset classes available at Barclays.
Trading fees
Barclays's trading fees are low.
Stock fees and ETF fees
Barclays has low stock trading fees.
| Barclays | Hargreaves Lansdown | Charles Stanley Direct | |
|---|---|---|---|
| US stock | $6.8 | $13.5 | - |
| UK stock | $6.8 | $13.5 | $13.0 |
| German stock | $6.8 | $13.5 | - |
Fund fees
Barclays fund fees are low.
| Barclays | Hargreaves Lansdown | Charles Stanley Direct | |
|---|---|---|---|
| Mutual fund | $3.4 | $0.0 | $0.0 |
| EU mutual fund | - | $0.0 | $0.0 |
Bond fees
Barclays has low bond fees.
| Barclays | Hargreaves Lansdown | Charles Stanley Direct | |
|---|---|---|---|
| US Treasury bond | - | - | - |
| EU government bond | $6.8 | $13.5 | - |
Financing rates
Barclays financing rates are .
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
| Barclays | Hargreaves Lansdown | Charles Stanley Direct | |
|---|---|---|---|
| Apple CFD financing rate | - | - | - |
| Vodafone CFD financing rate | - | - | - |
| EURUSD financing rate | - | - | - |
| EURGBP financing rate | - | - | - |
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
Currency conversion fee
Barclays will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: 1% mark-up for investments below £5,000.
Barclays fees
Barclays non-trading fees
When it comes to looking at all the non-trading fees Barclays is an average broker. This means that some of the non-trading fees are high, but the others are low or not charged at all.
Non-trading fees include various brokerage fees and charges at Barclays that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.
| Barclays | Hargreaves Lansdown | Charles Stanley Direct | |
|---|---|---|---|
| Withdrawal fee | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | No | No | No |
| Account fee | No | No | No |
Barclays fees
Barclays deposit fee
Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Barclays is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Barclays offers.
| Barclays | Hargreaves Lansdown | Charles Stanley Direct | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | No | No |
| Deposit fee | $0 | $0 | $0 |
Barclays fees
Barclays withdrawal fee
Unlike some online brokers we have reviewed Barclays does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.
| Barclays | Hargreaves Lansdown | Charles Stanley Direct | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | No | No |
| Withdrawal fee with bank transfer | $0 | $0 | $0 |
Barclays fees
Barclays inactivity fee
Barclays does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).
