BARCLAYS STOCKBROKERS
Barclays Stockbrokers (Share Dealing)
        
Barclays Stockbrokers is the dedicated execution only stockbroking arm of the Barclays Bank Group, falling under the Barclays Wealth arm. With over £10 billion assets currently under managements, Barclays Stockbrokers offer a wide range of accounts tailored to your share dealing needs, including MarketMaster® - ideal for online or telephone trading.
Location: UK
Capitalisation: Undisclosed.
Established: 1986
Regulation: FSA 1986161
Languages: English
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 inactivity charges)
2. Minimum cash withdrawal is $1,000 or equivalent
3. Some information not easy to gain from website
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.
 
Inactivity Charges 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

Commission: $6.95 to $12.95
Admin Charges: See Admin Charges Below
Extended Settlement: T+3
Number Of RSP's/Market Makers: N/A
Minimum Account: $0
Minimum Trade: 1 Share

Paper Share Certificates: Yes
Nominees: Yes
CREST Personal Membership: No

Australian Share Trading: YesGlobal Share Trading: No
Unit Trust Dealing: YesBond Dealing: Yes
ISA: YesSIPP: Yes
GILT: Yes
Discretionary Management: Yes
Investment Research Provision: Yes
Investment Management Services: No

Orders:
Quote & Deal
At Best Orders
Limit Orders
Stop Orders
Trailing Stop Orders
Markets:
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
Products:
Share Trading Account
Investment Research
Provision Unit
Trust Dealing
Bond Dealing
ISA's
Gilts
SIPP Accounts
CFD Trading
Platform:
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

Direct Market Access: NoMarket_Marker: No
Mobile Trading: NoMobile Alerts: No
Automated Trading: NoAPI Access: No
Scalping: NoHedging: No
Interest On Balance: YesIslamic Accounts: No
US Citizens: Yes

Set Up Process:
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:
Direct Debit / Cheque / Debit Card/ Dividend Reinvestment
Training Services:
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.
Support Services:
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.
Introductory Offer:
N/A
Number Of Base Currencies: 1
GBP

Forex Trading: NoCFD Trading: No
Futures Trading: NoShare Dealing: Yes
Spread Betting: No
        
REVIEWS
Barclays Stockbrokers (Which Way To Pay - 21/4/2010)
Barclays Stockbrokers is ranked 4 out of 5. Based on 1 review.

4 Star Rating

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