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XTB vs Barclays 2024

StockBrokers.com

Written by StockBrokers.com

August 06, 2024

Is XTB better than Barclays? After scoring the best share dealing accounts across 46 different variables, our analysis finds that XTB is better than Barclays. XTB has set itself up as a strong competitor in commission-free share trading. Its low fees and solid educational content will make XTB particularly attractive to newer investors. It does not, however, offer an ISA or SIPP.

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  • check_box_outline_blankcheck_boxVanguard UK Investor
  • check_box_outline_blankcheck_boxWebull
  • check_box_outline_blankcheck_boxXTB

Compare

0 of 5
Overall Rating XTB Barclays
Overall Rating 4/5 Stars 4/5 Stars
Charges & Fees 5/5 Stars 4/5 Stars
Investment Choices 4/5 Stars 5/5 Stars
Mobile App 4.5/5 Stars 2.5/5 Stars
Website 4/5 Stars 4.5/5 Stars
Ease of Use 4/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 5/5 Stars
Review XTB Review Barclays Review
Winner check_circle
Investments XTB Barclays
ISA info No Yes
SIPP info No Yes
Share Trading info Yes Yes
CFD Trading info Yes No
Funds info Yes Yes
ETFs info Yes Yes
Bonds - Corporate info No Yes
Bonds - Government (Gilts) info No Yes
Investment Trusts info No Yes
Spread Betting info Yes No
Crypto Trading info No No
Advisor Services info No Yes
Trading Fees XTB Barclays
Minimum Deposit info £0 £0
Share Trading: 0-9 Deals/ Month info £0 £6
Share Trading: 10-19 Deals/ Month info £0 £6
Share Trading: 20+ Deals/ Month info £0 £6
5 trades per year (£30k portfolio) info £0 £78
12 trades per year (£30k portfolio) info £0 £120
36 trades per year (£30k portfolio) info £0 £264
120 trades per year (£30k portfolio) info £0 £768
3 fund trades per year (£30k portfolio) info N/A £69
Annual Custody Fee: £0 - £250,000 info 0 £48 - £500
Annual Custody Fee: £250K-£500K info 0 £500 - £1,000
Annual Custody Fee: £500,000 - £1m info 0 £1,000 - £1,500
Annual Custody Fee: £1m and over info 0 £1,500
Bonds - Corporate - Fee info N/A £6
Bonds - Government (Gilts) - Fee info N/A £6
ETFs - Fee info £0 £6
Investment Trusts - Fee info N/A £6
Telephone Dealing Fee info N/A £25
Broker Screenshots XTB Barclays
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools XTB Barclays
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes No
Charting - Indicators / Studies info 59 0
Charting - Drawing Tools info 9 0
Charting - Notes info Yes No
Charting - Display Corporate Events info Yes No
Charting - Stock Overlays info Yes No
Charting - Index Overlays info Yes Yes
Research XTB Barclays
Research - Shares info Yes Yes
Research - CFDs info Yes No
Research - Funds info No Yes
Fund Research - Research Reports info Yes Yes
Research - ETFs info Yes Yes
Research - Bonds info No Yes
Portfolio Allocation Breakdown info Yes Yes
Education XTB Barclays
Education (Share Trading) info Yes Yes
Education (Funds) info Yes Yes
Education (Retirement) info No Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Overall Summary XTB Barclays
Overall Rating 4/5 Stars 4/5 Stars
Charges & Fees 5/5 Stars 4/5 Stars
Investment Choices 4/5 Stars 5/5 Stars
Mobile App 4.5/5 Stars 2.5/5 Stars
Website 4/5 Stars 4.5/5 Stars
Ease of Use 4/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 5/5 Stars
Review XTB Review Barclays Review
Winner check_circle
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Comparing online share dealing platforms side by side is no small task. For our 2024 review of U.K. brokers, more than 900 data points were collected over a 10-week period and used to score each broker. Let’s compare XTB and Barclays.

XTB vs Barclays Comparison

For our 2024 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare XTB vs Barclays.

Is XTB a good broker?

XTB has set itself up as a strong competitor in commission-free share trading. Its low fees and solid educational content will make XTB particularly attractive to newer investors. It does not, however, offer an ISA or SIPP.

Is Barclays a good broker?

Barclays Smart Investor offers a wide range of investments and accounts and is a good value for those with a midsize portolio who like flat fees. On the downside, it can be complicated to open an account as a non-Barclays bank customer, and you can’t buy or sell investments through the app if you don’t have a Barclays bank account.

Which broker is less expensive?

Alongside the cost per trade, most UK online brokers also charge a monthly, quarterly, or annual management fee, which varies based on the account type and balance. Based on our thorough review, XTB offers better pricing than Barclays for share dealing.

Assuming a £30,000 portfolio size, here are the total annual costs for share dealing with both brokers, given different monthly activity scenarios.

5 trades per year - XTB would cost £0 per year, while Barclays would cost £78 per year.

12 trades per year - XTB would cost £0 per year, while Barclays would cost £120 per year.

36 trades per year - XTB would cost £0 per year, while Barclays would cost £264 per year.

120 trades per year - XTB would cost £0 per year, while Barclays would cost £768 per year.

3 fund trades per year - XTB would cost £0 per year, while Barclays would cost £0 per year.

query_stats What type of trader are you?

New to the world of investing? See my picks for the best UK trading platforms for beginners. More experienced traders should check out my guide to the best UK Trading Platforms for Active Traders. If you're looking to trade shares on the go, read my guide to the best UK stock trading apps.

How do XTB and Barclays compare in terms of minimum deposits required?

XTB requires a minimum deposit of £0, while Barclays requires a minimum deposit of £0. From our testing we found for accounts between £0 - £250,000 XTB charges annual custody fees of 0, while Barclays charges annual custody fees of £48 - £500.

Which broker offers a wider range of investment options?

XTB offers investors access to Share Trading, CFD Trading, Funds, ETFs and Spread Betting, while Barclays offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services. Neither have Crypto Trading. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Do XTB and Barclays offer ISA or SIPP accounts?

Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that XTB offers traders access to neither of these accounts, while Barclays offers traders access to SIPP and ISA accounts.

Do XTB and Barclays offer cryptocurrency?

In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that neither XTB nor Barclays offer crypto investing.

Which broker offers a better website experience?

Our testing concluded that the website of Barclays is better than the website of XTB. Barclays offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.

Which stock trading app is better?

To compare the trading platforms of both XTB and Barclays, we tested each broker's stock trading app. All features compared, our analysis finds that XTB offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

Do XTB and Barclays offer educational resources?

Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that XTB offers traders access to Client Webinars, Client Webinars (Archived), Education (Share Trading) and Education (Funds), while Barclays offers access to Education (Share Trading), Education (Funds) and Education (Retirement).

Overall winner: XTB

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