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BARCLAYS STOCKBROKERS
Barclays Stockbrokers
        
Open a share dealing account with Barclays Stockbrokers today and trade for just £6.95- £12.95. Barclays Stockbrokers is the dedicated execution only stockbroking arm of the Barclays Bank Group, falling under the Barclays Wealth arm.
Established: UK 1986 (FSA 1986161)
Capitalisation: Undisclosed
Languages: English
Barclays Stockbrokers Screen Shot
Advantages
1. Flexibility. Trade in a way that suits your investment strategy with a wide range of account types – online and telephone trading. 
2. When you invest in the market we hold your assets on your behalf
3. View and administer your account online or by telephone. 
4. Get up-to-date regular statements, portfolio valuations and contract notes when you place a trade. 
5. Real time information when market events happen such as rights issues or other corporate actions. 
6. Barclays Stockbrokers Price Improver® provides you with an improved price on the majority of trades, giving you the best available price every time you deal. 
7. Competitive pricing with fast and transparent execution. 
8. An extensive range of investment products including: UK and international shares, gilts and bonds, iShares and other Exchange Traded Funds (ETFs), Exchange Traded Commodities (ETCs), Funds, Covered Warrants, Turbos and Barclays Stockbrokers Structured Products, remember not all of these products may be suitable, if unsure you should seek independent financial advice. 
9. Powerful tools such as basic and advanced order types, access to live market news, technical analysis, stock recommendations and educational centres to help you with your investment planning. 
10. Exclusive Barclays Wealth research and investment content including Barclays Wealth Signpost, Investment ViewPoint and Smart Investor magazine and emails. 
11. Reward based pricing. Link other accounts to your MarketMaster® and increase your trade count so you reach lower dealing rates faster. This includes family members, spouse or other trading accounts such as our Investment ISA. 
12. Service packages to suit your investment needs and trading behaviour
Potential to take your investing to the next level with BARXdirect professional level trading tools and the opportunity to invest in a broad range of higher risk investment products.
Disadvantages
1. Many fees and charges involved (including Admin fee)
2. Minimum cash withdrawal is £1,000 or equivalent
3. Some information not easy to gain from website
Terms & Conditions
See website for details.
Account Information
Trading Methods: Online, Telephone
Commissions: £6.95-£12.95 Per Trade
Custody Option 1. Paper Share Certificates: Yes
Custody Option 2. Nominees: Yes
Custody Option 3. CREST Personal Membership: No
Admin Charges: See Admin Charges BelowTrade Size (Min): 1 Share
Account Size (Min): £1Account Size (Max): Unlimited
Extended Settlement: T+3Market Makers/RSP's: N/A
Direct Market Access (ECN/STP): NoAccepts US Citizens: Yes
Interest On Balance: YesIslamic Swap-Free Accounts: No
Services
UK Share Trading: YesGlobal Share Trading: Yes
Unit Trust Dealing: YesBond Dealing: Yes
Self Invested Pension Plans (SIPP): YesISA: Yes
Gilts: YesFinancial Planning Services: No
Dedicated Account Handlers: YesDiscretionary Management: No
Investment Research Provision: YesInvestment Management Services: No
Markets Covered
UK and international shares, gilts and bonds, iShares and other Exchange Traded Funds (ETFs), Exchange Traded Commodities (ETCs), Funds, Covered Warrants, Turbos and Barclays Stockbrokers Structured Products
Base Currencies: 1
(GBP)
Introductory Offer
N/A
Setup Costs and Duration
If you’re an individual applicant you’ll be able to login immediately and trade from that business day, as long as you pass our anti-money laundering checks. To fully complete the account opening process we may require you to send in some additional documents. If we don’t receive these your account will be closed after 30 calendar days.
Funding Methods and Costs
Direct Debit / Cheque / Debit Card/ Dividend Reinvestment
Additional Services
Gilts and Bonds, ETCs and ETFs, Funds, Unit Tursts, CFDs, Spread Betting, Options and Futures (through Financial Spread Trading account), Forex.
 
Admin Charges
£2,501 - £20,000  £65
Over £20,000        £75

Non-IRS Foreign Securities (telephone dealing only)
Deal value    
First £10,000    1.75%
Next £10,000   1.125%
Next £20,000   0.50%
Next £60,000   0.40%
Thereafter         0.30%
Minimum          £45 (US) £100(non-US)
 
Automatic Dividend Reinvestment
Automatic dividend reinvestment purchases are charged at a flat rate commission of 1.0% (minimum £1, maximum £7.50).
 
Taxes & Levies
Stamp duty or stamp duty reserve tax (SDRT) on all UK equity purchases is payable at the prevailing rate at the time of dealing. The current rates are:

0.5% SDRT on all UK equity purchases settled through CREST, rounded up to the nearest 1p
0.5% stamp duty on all UK equity purchases not settled through CREST, rounded up to the nearest £5
Stamp duty on Irish registered stock is currently charged at 1%
 
The Panel of Takeovers and Mergers currently levy £1 on all UK equity transactions of £10,000 and over.
 
Admin fees DO APPLY.
 
Cash Management
Cash withdrawal   FREE
Wire charge   £20 + VAT
 
Late Settlement
Returned cheque fee/unpaid direct debit   £15 + VAT
Late settlement administration charge       £40 + VAT per overdue deal
Referral to Debt Recovery Department    £25 (additional 8% if referred to an outside agency - minimum £15) + VAT
Debit Interest   Barclays base rate + 3.5%
 
General Administration
Ad hoc statement or valuation Free Copy of consolidated tax certificate   £17.50 + VAT (if requested after 3 months of sending the original) Duplicate contract note Free, if requested within 6 months since deal £10 + VAT, if requested more than 6 months since deal
Copy of tape recording/telephone, £20 + VAT conversation transcript in case of complaint (if Barclays Stockbrokers is not at fault),
 
Valuation for Probate:  
*First £100,000 – 0.15% of the value
*Next £100,000 – 0.10% of the value
*Excess over £200,000 – 0.05% of the value
*Minimum Fee £50 per valuation.
*Minimum charge per holding of £5.

For portfolios with more than 12 holdings - £3 per holding for each additional holding
All requests are subject to VAT.
 
ONLINE COMMISSION PER TRADE
All investment types except non-IRS foreign securities, unit trusts and OEICs.
 
Deals Per Month  Commission
1 –14                      £12.95
15 - 24                    £9.95
25 and above          £6.95
 
TELEPHONE COMMISSION PER TRADE
All investment types except non-IRS foreign securities, unit trusts and OEICs.
 
Deal value          Commission
£0 - £500             £17.50
£501 - £1,500      £35
£1,501 - £2,500   £50
 
Forex Trading: NoCFD Trading: No
Spread Betting: NoFutures Trading: No
Software Information
Platform: MarketMaster®
Simple-to-use trading account, £6.95 per online trade when you trade 25 times or more each month, Trade in wide range of investments, Real-time news, research & analysis, Trade with Barclays Stockbrokers Price Improver® and receive best prices available, Flexible order types – At Best, Stop and Trailing Stop, Instant access to online trading
Software Requirements
BARXdirect, Web-based, Range of order types, Level 2 market pricing direct from the LSE, Real-time streaming prices on hundreds of UK & European securities, Up to the minute feeds from six providers (including Dow Jones Newswire), Market research & analysis
Training Facilities
1. Markets & Trading
2. A Market Insight demo for those interested in how markets work
3. Cotter’s Corner - Associate Director John Cotter explains how to use tools and research on the website
4. Investor Guides – guides on useful topics produced by Barclays in-house experts - Online seminars on a range of topics including structured products, ISAs, Funds and more.
24 Hour Trading: NoLive Chat Support: No
Live Stream Quotes: YesFree Phone Support: Yes
Mobile Trading: NoMobile Alerts: No
Automated Trading: NoAPI Access: No
        
REVIEWS
Barclays Stockbrokers (Which Way To Pay - 2/3/2010)
Barclays Stockbrokers is ranked 5 out of 5. Based on 1 review.

5 Star Rating

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