Score

7.18 /10
Good

BARCLAYS

Hong Kong

15-20 years

Regulated in Hong Kong

Dealing in futures contracts

Global Business

AA

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Comparison

Quantity 2

Exposure

Time Machine
Website

Score

Regulatory Index6.54

Business Index9.12

Risk Management Index9.92

Software Index5.89

License Index6.54

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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WikiFX Verification

Pyramid scheme complaint
Expose
BARCLAYS · Company summary
BARCLAYS Review Summary
Founded1690
Registered Country/RegionUnited Kingdom
RegulationSFC
ServicesPersonal banking, business banking, investment bank, corporate banking, US consumer bank, private bank, international bank, wealth management, etc
Customer SupportRegistered address: 1 Churchill Place, London E14 5HP
Contact details about each business unit: https://www.barclays.co.uk/help/contact-us/online-banking/
Contact details for each branch: https://www.barclays.co.uk/branch-finder/

BARCLAYS Information

BARCLAYS traces its ancestry back to two goldsmith bankers who started doing business in London in 1690. The company is a reputable bank with comprehensive financial services and branches all over the world. Their services include personal banking, business banking, investment bank, corporate banking, US consumer bank, private bank, international bank and wealth management, etc.

For business banking services, the bank offers guaranteed protection of up to £85,000 by the FSCS if the bank goes out of business.

Not only does the bank have a long history, but also a strong regulatory background: it's decently regulated by SFC (Securities and Futures Commission of Hong Kong).

BARCLAYS' homepage

Pros and Cons

ProsCons
Long history in the financial industryWikiFX exposures
SFC regulated
FSCS insurance
Global reach
24/7 business support

Is BARCLAYS Legit?

BARCLAYS is officially regulated by SFC (Securities and Futures Commission of Hong Kong) with licenses numbering at AAC257.

Regulated CountryRegulatorRegulatory StatusRegulated EntityLicense TypeLicense Number
Hong Kong
SFCRegulatedBarclays Capital Asia LimitedDealing in futures contractsAAC257

Services

Barclays provides a wide range of banking and financial services across key sector to global clients, these include:

  • Personal Banking: Offers current accounts, credit cards, savings, loans, mortgages, insurance, and investments, with exclusive app-based perks.
Personal Banking
  • Business Banking: Supports startups and established firms with fee-free accounts, growth planning, international trade, and expert guidance.
Business Banking
  • Corporate Banking: Provides corporate lending, liquidity management, trade solutions, and digital platforms like Barclays iPortal.
Corporate Banking
  • Private Banking: Tailored wealth management, including personalized investments, lending, and banking solutions for high-net-worth clients.
  • International Banking: Multi-currency accounts, savings, mortgages, and bespoke investment services for seamless global banking.
International Banking
  • Wealth Management: Comprehensive wealth planning, investment products, and borrowing options to meet financial objectives.
Wealth Management
  • US Consumer Bank: Features credit cards, personal loans, and high-yield savings, including the AAdvantage® Aviator® Red World Elite Mastercard®.

Account Type

Barclays offers current accounts, savings accounts, and cash ISAs, allowing customers to manage their money, save, and invest in a tax-efficient manner.

  1. Current AccountsBarclays provides a range of current accounts to meet everyday banking needs. Customers can benefit from tools such as debit cards, online access, mobile payments, and overdraft options. They can also subscribe to the Blue Rewards program for added perks.
  2. Savings AccountsThese accounts allow customers to save for rainy days or future financial goals. Barclays provides instant-access savings and specialized savings products with competitive rates, including options for Rainy Day Saver, Everyday Saver, and Blue Rewards Saver.
  3. Cash ISAsBarclays offers Cash ISAs to help customers save in a tax-efficient way. Customers can earn tax-free interest on savings up to the ISA allowance (£20,000 annually). Options include Instant Cash ISA, Reward ISA, and Fixed-rate Cash ISAs, depending on savings goals and needs.

Fees

Barclays accounts come with varying fees depending on account type and the features selected:

Account TypeMonthly Fee
Barclays Bank Account
Barclays Bank Account with Blue Rewards£5/month
Premier Current Account

Interest Rates

Barclays offers a range of savings products with competitive interest rates. Rates depend on savings amount, account type, and whether savings are withdrawn monthly:

Account TypeRate % AER/gross per year
Rainy Day Saver (up to £5,000)5.12%
Everyday Saver (£1 - £10,000)1.51%
Blue Rewards Saver3.41% in months with no withdrawals
Instant Cash ISA (£1 - £10,000)1.51% (tax-free)
Reward ISA2.75% in months with no withdrawals

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