Barclays’ Smart Investor cutting-edge online investment service is easy to use and lets you interact with nearly all stocks, shares and funds on the market. If you don’t currently bank with Barclays you will need to open an account to allow you to trade. Find out how it works and compare share dealing services.
Other fees may apply. Your capital is at risk.
With Barclays, you have three product options available to choose from. Which one you go for depends on your investments in the current tax year and how long you plan to invest for.
The products available with Barclays are:
This has the same characteristics as ISAs with other providers – we have a whole guide on stocks and shares ISAs if you’re not familiar with them.
You get an annual allowance, which is £20,000 for the 2020/2021 tax year. This is how much you can invest without paying a penny on your profits. Each year, you can open and pay into a new ISA or continue with the one you have, but you can’t pay into two ISAs of the same type in one financial year (April – March).
The self-invested personal pension (SIPP for short) lets you prepare for retirement. You make your own investment decisions and may be entitled to tax relief on the amounts that you pay in.
The general investment account is usually chosen by people who have already used their ISA allowance for the year, or are already paying into an ISA.
There are no limits on this account, but you may have to pay capital gains tax on your profits, so it takes a bit more thought than the ISA.
There are three ways that you can fund your investments – these let you pay in a way that suits you. The three options are:
You have three different strategies to choose from. This is based on your experience with investing and how much help you think you need. Barclays helpfully sorts out the three options with that in mind.
This is for those who are looking for ready-made portfolios. Barclays has a selection of experts who know what they’re doing, and will attempt to balance the portfolios to make you some profit. Of course, this isn’t guaranteed.
These are 5 different portfolios available, all slightly different in terms of they aim to return and the risks involved. It’s really easy to invest like this – you just choose the portfolio based on your risk tolerance, open an account and leave Barclays to it.
|Name||Risk||Balance||Barclays describes it as…|
|Defensive||Lowest, but not risk free||25% cash, 57% bonds and 18% shares||Like riding a bike with stabilisers on.|
|Cautious||A little riskier, but still quite low risk||16% cash, 51% bonds and 33% shares||Taking the stabilisers off your bike – you might wobble slightly, but it’s not too dangerous.|
|Balanced||Medium||8% cash, 39% bonds and 53% shares||Riding a bike on the road, but still in the cycle lane.|
|Growth||Higher risk – for those who want to take some chances||2% cash, 24% bonds and 74% shares||Riding off-road – but making sure you’re wearing a helmet and knee pads.|
|Adventurous||The highest risk fund that Barclays offers – for those willing to take a large risk of loss to change getting a great reward.||2% cash, 11% bonds, 87% shares||Riding down a mountain – you could suffer serious harm but the exhilaration could be worth it.|
This is a list of funds that have been put together by investment experts. You can use a mixture of these funds to balance out your risk and diversify your portfolio. We’ll explain this in a little more detail later.
There are a total of 34 funds in this list, each with solid reputations and sound investment processes. Barclays’ experts believe that these have the potential to generate consistent returns in 5 to 10 years.
The funds all have a focus on a country, a sector or a type of asset. If you want to diversify your portfolio then you’ll want to invest in funds over a series of different countries, sectors and types of assets.
It’s in the name. If you know what you’re doing, (and really know, rather than have just read a few Reddit threads) then this is the option for you.
With this option, you can choose from thousands of investments. These include funds, equities and bonds. If you want, you can use the Barclays Research Centre to get information about the market to help you make decisions.
Through a Barclays Investment Account or an Investment ISA you can get access to the below:
Barclays is one of the largest banks in the world and is well trusted by those who use Barclays direct investing. It has several procedures and protocols in place to ensure that your money is kept safe and secure at all times.
Barclays is also regulated by the Financial Conduct Authority (FCA) and is bound by their rules and regulations in the conduct of our investment business.
We surveyed 750 people in December 2020. Barclays share dealing customers find it to be reliable and easy to use. Customers like that it’s got an app and find the dashboard useful.
Barclays has online chat and help over the phone if you have any questions. Its lines are open 7:30am to 7:00pm Monday to Thursday, 7:30am to 6:00pm on Friday and it’s closed during weekends and public holidays.
It’s really easy to get started with share dealing, here’s how:
On the whole, Barclays is a good choice for share dealing, especially if you already have a current account with it, in the interests of keeping everything in one place. The fact that it’s with an already established and well known bank can give extra peace of mind. It has reasonable fees and a selection of ready made portfolios.
If you’re just starting out with investing, you might prefer a share dealing platform that’s got more learning tools and resources.
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
If you are a Barclays Premier customer, you can get a discounted rate on your personal loan. We cover how it works, if it’s worth it and how to apply.
Barclays’ existing customers in need of some extra financial support for their personal projects can apply for this fee-free unsecured personal loan.
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