BARCLAY STONE-The overview of minimum deposit, leverage, spreads

General Information

BARCLAY STONE is allegedly a broker based in the UK that provides its clients with unique trading platforms, leverage up to 1:400, lowest spreads on over 1,000 tradable assets, as well as a choice of seven different account types and 24×7 customer support services.

Market Instruments

BARCLAY STONE advertises that it offers more than 1,000 trading instruments in financial markets, including forex, stocks, commodities, indices and cryptocurrencies.

Account Types

There are seven live trading accounts offered by BARCLAY STONE, apart from demo accounts, namely Basic, Standard, Silver, Gold, Platinum, VIP and Elite. Opening a Basic account requires the minimum initial deposit amount of $250, while the other six account types with the minimum initial capital requirements of $2,500, $5,000, $10,000 and $25,000 respectively, as well as the VIP and Elite accounts about which no further information is given directly.

Leverage

The maximum leverage ratio provided by BARCLAY STONE is much higher than most brokers, up to 1:400. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads are influenced by what type of accounts traders are holding. BARCLAY STONE reveals that the spreads in the Basic and Standard accounts is low, the clients on the Silver account enjoy Silver Spreads, while the Gold account with Gold Spreads and the Platinum account with Platinum Spreads. To be more specific, the spreads for EUR/USD pair is floating around 1.2 pips. As for commission, it depends on different deposit and withdrawal methods. For example, withdrawal via VISA and MasterCard charges commission from 0% to 3.5%, and withdrawal with Bank transfer charges the commission of €35, while deposit with no commission.

Trading Platform Available

When it comes to trading platforms available,BARCLAY STONE gives traders four choices: Platforma handlowa, Webtrader, Mobile Trader and Metatrader5, available for desktop, mobile and tablet. The broker claims that these trading platforms are all equipped with professional trading tools, customized charts and live data feed. MetaTrader5 is known as one of the most successful, efficient, and competent forex trading software. While with Mobile Trader, trading can be done from anywhere and at any time through right mobile terminals.

Deposit & Withdrawal

BARCLAY STONE accepts deposit and withdrawal via VISA, MasterCard and Bank transfer. As for the processing time of deposit and withdrawal requests, deposit via VISA and MasterCard will be processed instantly, while withdrawal with them requires 2-4 days to process, and deposit or withdrawal with Bank transfer requires up to 7 days. Attention that your bank may charge a transfer fee. Times of free withdrawal depend on different account types. For instance, the Standard account only enjoys 1 time free withdrawal, while the Silver account enjoys 1 time per month, the Gold account enjoys 2 times per month, the Platinum account enjoys 3 times per month, and the Basic account without any chance to get free withdrawal.

Fees

BARCLAY STONE also takes an inactivity fee. If your trading account does not have active transactions (deposits, withdrawals or trading operations) for at least one month or longer, it will charge an inactivity fee monthly. More details can be found on this brokers official website.

Customer Support

BARCLAY STONE‘s customer support can be reached through telephone: 441224459822, email: hello@barclay-stone.support or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms like Twitter, Instagram and Facebook. However, this broker doesn’t disclose other more direct contact information like company address while most brokers offer.