Barclays Stockbrokers’ international dealing service, known as International Trader, is a separate add-on service to their standard online dealing account for UK shares. The underlying international dealing platform is actually Saxo Bank’s, but pricing and range of markets differs from Saxo’s own product.
International Trader offers a reasonable wide range of major international markets for online dealing. It’s clearly pitched to compete directly against TD Direct Investing’s foreign dealing service, covers slightly more markets and could work a bit cheaper for some very active users. However, cash can only be held in sterling, euros and US dollars at present and each currency requires a separate account, in contrast to TD Direct’s multicurrency account covering a wider range of currencies. One notable limitation is that only a restricted range of international stocks can be held within a Barclays Stockbrokers ISA or SIPP at present.
Barclays also previously offered a telephone-only service called a Foreign Dealing Account that covers a slightly wider range of markets, but at higher cost. This is apparently no longer offered to new clients.
|Online trading||Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany - Frankfurt, Hong Kong, Italy, Netherlands, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, UK, USA, USA OTCBB|
|Telephone trading||As above|
|Online details||UK: 1-9 trades per month £11.95, 10-19 trades per month £8.95, 20+ traders per month £5.95;
For trades below US$30,000/C$30,000/AU$30,000/€20,000/CHF27,000/DKK150,000/NOK150,000/SEK200,000/HKD200,000/SGD35,000: 1-14 trades per month £12.95/US$19.95/€12.95 except Hong Kong and Singapore £17.95/US$24.95/€22.95 15-24 trades per month £11.95/US$18.95/€11.95 except Hong Kong and Singapore £16.95/US$23.95/€21.95 25+ trades per month £10.95/US$17.95/€10.95 except Hong Kong and Singapore £15.95/US$22.95/€20.95
For trades above: 1-14 trades per month 0.15% except Hong Kong and Singapore 0.25% 15-24 trades per month 0.1% except Hong Kong and Singapore 0.20% 25+ trades per month 0.085% except Hong Kong and Singapore 0.185%
|Telephone details||UK: £0-500 £17.50; £501-1,500 £35; £1,501-2,500 £50; £2,501-20,000 £65; £20,001-75,000 £75; £75,001-1,000,000 0.1%;
International Trader: Online rate plus £15/US$20/€20
|Account fees and inactivity fees||Quarterly inactivity fee of £12+VAT (a single fee covers both the MarketMaster account and the International Trader extension)|
|Custody charges for stocks||None|
|Corporate action charges||None|
|Currency conversion charges||1.5% margin for 1-14 trades per month, 0.5% for 15-24 trades per month, none for 25+ trades per month|
|Hold cash in foreign currencies||Yes|
|Currencies allowed||EUR, GBP, USD|
|Tax-advantaged accounts||ISA (administration fee £30+VAT per year), SIPP (administration fee £38.75+VAT per quarter). Only a limited range of international stocks are permitted in the ISA and SIPP.|
|Other products and services||Bonds, CFDs, funds, FX, spreadbetting|
|Minimum account size||None|
|Further information||Visit the Barclays Stockbrokers website|