Is Barclays free?

Barclays fees
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 that other brokers do, or they only charge a small amount.

Here's a high-level overview of Barclays's fees

Barclays Fees snapshot
Assets Fee level Fee terms
US stock fee - Not available
EURUSD fee - Not available
US mutual fund fees 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

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Barclays fees
Barclays fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
    • A commission is either fixed or based on the traded volume.
    • A spread is the difference between the buy price and the sell price.
    • A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

We compare Barclays fees with its closest competitors, Hargreaves Lansdown and Charles Stanley Direct.

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Barclays fees
Barclays trading fees

Barclays's trading fees are low, which makes it suitable for you even if you trade often (i.e. several times a week).

Let's break down trading fees according to 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.

Stock fees of a $2,000 trade
Barclays Hargreaves Lansdown Charles Stanley Direct
US stock - $16.7 -
UK stock $8.4 $16.7 $16.1
German stock - $16.7 -

Fund fees

Barclays fund fees are low.

Fees of a $2,000 fund purchase
Barclays Hargreaves Lansdown Charles Stanley Direct
Mutual fund $4.2 $0.0 $0.0
EU mutual fund - $0.0 $0.0

Bond fees

Barclays has low bond fees.

Fees of a $10,000 bond trade
Barclays Hargreaves Lansdown Charles Stanley Direct
US Treasury bond - - -
EU government bond $8.4 $16.7 -

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Barclays fees
Barclays non-trading fees

When it comes to non-trading fees, Barclays is a rather cheap broker.

Non-trading fees include various brokerage fees and charges at Barclays that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how Barclays stacks up in terms of non-trading fees
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

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Barclays fees
Barclays deposit fee

Usually, brokers don't charge anything for deposits, and Barclays is no different.

Barclays deposit methods
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

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Barclays fees
Barclays withdrawal fee

Barclays generally doesn't charge a withdrawal fee.

Barclays withdrawal fees and options compared
Barclays Hargreaves Lansdown Charles Stanley Direct
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes No No
Withdrawal fee for bank transfer $0 $0 $0

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Barclays fees
Barclays inactivity fee

Barclays does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).

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Author of this article

Ádám Nasli

Author of this article

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading.

Ádám Nasli

Broker Expert

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading.

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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