To find a right broker for share dealing
, we spent seven months and hundreds of hours of assessing ten different share dealing brokers based in the UK. Here, we will focus on two brokers and compare Barclays vs DEGIRO.
Our comparison begins with the fees charged for dealing shares in the UK and being a client. The two main charges to focus on include the cost to place each trade alongside the monthly, quarterly, or annual management fee charged (varies depending on the type and size of your portfolio). We researched both to provide a single star rating for cost. DEGIRO received a rating of 4.50 stars over Barclays's 3.50 stars.
Account charges aside, we can now compare features and tools investors want in their share dealing accounts. Access to the investments is important, and Barclays provides its clients with ISA, SIPP, SIPP - Junior and Spread Betting while DEGIRO provides clients access to none of these. Also, some investors require a high-quality charting experience, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Barclays boasts an offering of 14 charting tools compared to DEGIRO's 0 available charting tools. Barclays boasts an offering of 152 different indicators (for example, moving averages) compared to DEGIRO's 23 available indicators. Barclays makes basic stock alerts available to clients, while DEGIRO does not. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Barclays nor DEGIRO offers fund research reports.
Overall, Barclays boasts 4.00 stars versus DEGIRO's 3.50 stars. And, when it comes to individual category awards, Barclays posted awards Best in Class - Offering of Investments, Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Education in 2017, while DEGIRO found itself with none of these.