Barclays Platform Walkthrough
Barclays has been a staple of financial services and banking in the United Kingdom for over 350 years, and today in the 21st century provides a sleek and customizable trading access for the novice and expert alike. Barclays Stockbrokers was established in 1986 as an execution-only service, which has since won numerous industry awards and accolades.
Their proprietary International Trader platform offers an easy way to trade across any device – including iOS, Android, and on the web. With a fast and reliable connection to global markets, you can trade in real time, from anywhere in the world.
Barclays’ U.K.-based trading platform is geared towards the individual Forex trader, but also lets its users buy and sell more than 40,000 instruments worldwide including global stocks, commodities, and other tradable instruments. Barclays is a name you can trust to deliver fast and reliable execution while keeping costs low.
In this review, we will focus on Barclays’ in-house online trading platform, its features, functionality, and customizability.
Homepage - Barclays is a household name in the U.K. when it comes to financial services and banking. It has leveraged its standing to produce a customizable, easy to use online execution platform with access to over 30,000 global stocks and more than 10,000 tradable instruments for clients around the globe.
Login - Enter your username and password to log on to the Barclays online investment platform.
Portfolio & Account Management
Account Management - If you need to fund your account, change settings, or update your profile, click on the Account Management icon on the top right corner.
Fund your Account - When you're ready to fund your account, click on the Funding menu option from the Account Management dropdown. You can also withdraw funds or add and remove funding sources. Barclays provides U.K. residents with information on how to directly fund an account by bank wire.
Statements - If you need to view or download your account statements, choose the Statements link from Account Management.
Personal Details - Have you changed your email address? Or fallen victim to a phishing attempt? Or just like to replace your passwords on a regular basis? Update your email or change your password under the Personal Settings link under Account Management.
Dashboard - After you've logged on, you'll be taken to the Barclays investing dashboard. This platform is highly customizable with modules and layers that you can add, delete, or edit. Along the top of the window is a snapshot of your account balances, P&L, and margin. You can click on this to add or remove some of these categories.
Dropdown Menu - To start customizing your workspace and settings, click on the dropdown menu located at the upper left-hand corner.
Platform Settings - To set your general preferences, select the Platform Settings link from the dropdown menu. Here you can set the general look and feel for your workspace, such as font size, when prices ought to flash, and the date and time format.
Trading Settings - If you want to set up default trading quantities for various asset classes, click on the Trading Quantities tab in the Platform Settings window. You can also find this screen by selecting Trading Settings from the dropdown menu.
Workspaces - Make a workspace you like and own it. Choose Workspaces from the dropdown menu and Save or Delete the workspace you've built.
Prebuilt Workspaces - If you're not a fan of customizing layouts yourself, you can choose from among the pre-built workspaces Barclays offers. Choose Prebuilt Workspaces and select the one best fits your trading style. These include, for example, ones optimized for active traders, chartists, and FX markets.
Quick Trader Layout - Quick Trader is a prebuilt layout on the trading platform that you can choose from Prebuilt Workspaces. As its name suggests, the layout and workflow is optimized for traders who know what market they intend to trade and just want to go ahead and place a trade or order. Search or browse for the asset you're interested in using the Market Search window.
News Focus Layout - As its name suggests, the News Focus layout and workflow is optimized for the trader who makes trading decisions based on financial news.
Chart Focus Layout - The Chart Focus layout is optimized for traders who prefer to use charts and technical analysis as the basis for their trading decisions.
Market Focus Layout - The Market Focus layout and workflow is optimized for traders who scan through markets and analyze them both technically using charts and from a news standpoint before trading. This layout also features an order entry box that's ready to go on the upper right of the workspace.
Components - When you're ready to customize or add things to your workspace, choose the Components menu option from the dropdown menu. Clicking on any of these components will bring them up - including multiple instances if you click on them when a component already exists. You can add watch lists, order history windows, open news panes, and more.
Market Search - The Market Search component will probably be the one you use most. This is where you browse and search for the assets you want to research and trade. It presents a Search field, a Filters dropdown menu, and all the asset tags (categories) as selector bars. You can collapse the Market Search panel into an icon format by clicking the leftwards-pointing double chevron located at the top right of the panel. Click the collapsed Market Search icon to expand the panel again. Searches can be constrained to look within a particular market tag, or you can search across all available markets. Many asset tags have subcategories to narrow the search criteria. For example: Commodities > Commodities Energy or Commodities Grain.
Watchlist - Creating a watchlist lets you monitor your favorite markets and assets in a dedicated window. You can create multiple tabbed watchlists for grouping different instruments together to suit your trading requirements. You can customize multiple watchlists, which appear as tabs, or use the default, non-editable Popular Markets watchlist. Watchlists can be arranged in a box view, list view, or heat map view by clicking the appropriate icon at the top right of the window.
Open Orders - The Open Positions component shows information and controls for all your currently open positions. Double-click on any open position row to amend the position or close it as desired. The display order for the information columns can be changed by dragging and dropping. You can also configure the display to hide or show only the columns you want to see. You can toggle between Open Orders, Active Orders, and Order History by clicking on the tabs across the top of this module.
News Headlines - If you want to see market news or headlines related to companies in your portfolio, use the News Headlines component. Headlines are displayed in a list format relevant for a particular market or for all markets, depending on where the News Headlines window was opened from. Each unread news headline is marked with a dot to its left. Click the link button on the lower left (which looks like a chain link) to have stories appear based on a ticker symbol or asset you clicked on elsewhere. The Market Reports tab provides national-level market reports, selectable by country.
Research - For asset-specific or macro research, use the Research component from the Select Component menu. This window provides access to market information and news to help you make trading decisions:
Chart - view charts with more than 70 customizable technical indicators in a new browser window/tab.
News - view real-time news and search for news by market in a new browser window/tab.
Market Profile - view price history and other metrics, including the volume traded for equity markets.
Audio Squawk - opens a website where you can sign up for a paid subscription to a squawk service providing audio real-time news.
Technical Analysis - opens a website providing access to technical analysis research by Recognia.
Fundamental Analysis - opens a website with access to fundamental analysis by Recognia.
Economic Calendar - shows historical and future macroeconomic events in a new browser window.
Order Ticket - Once you've decided on your workspace layout you're ready to trade. From the Market Search window, find the asset that you want to trade and click the "+" icon to its left. This will open up the current bid and offer price for that asset - click on one of those prices to bring up a trade ticket window. Then, enter the quantity and order type that you want. If you want to keep a trade ticket up and have it load whatever asset you're looking at later, click on the link (chain) icon at the lower left corner. You can also open a trade ticket directly from an open chart or watch list. Open and filled orders will then appear in the Open Positions component. You can also use trade tickets to set price Alerts.
Single-Click Trading - Can't be bothered with confirming orders? Sophisticated traders can turn on Single-Click trading by selecting Single-Click Trading along the menu bar. But beware: You might make trades inadvertently by clicking on parts of the site without realizing it!
Research & Insights
Charts - The Barclays platform has some nice charting tools available in the Charts module. You can change the chart type from the default candlestick to line, bar, or mountain as well as alter the color scheme. Save your charts for later reference or share them on social media using the icons along the top menu bar. Use the link icon to have the chart update to any asset you click on elsewhere.
Add Indicator - If you're into technical analysis, there are a wide range of charting tools and indicators that you can overlay on your charts. Select Add Indicator to open the indicators menu and begin choosing.
Settings - Make yourself at home with your charts and customize your preferences. In the same charts dropdown, choose Chart Settings or click the Settings tab from the top of the Indicators window.
Help & Support - If need assistance, you can find the Help & Support menu under the main dropdown menu on the top left. Here you can view a platform tour and a quick getting started guide as well as submit feedback and more.
Help - Manual - If this tutorial isn't in-depth enough for you, choose the Manual option in the Help menu to load a step-by-step user manual that goes deep into the features and functionality of the platform.
Help - Contact Us - When you need to get in touch with somebody about your issues, choose the Contact Us option in the Help menu. Here you'll find phone numbers and email and postal addresses for customer service and support.