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Ashraf20
Within 1 year

Could you break down the total trading costs involved when trading indices such as the US100 through Barclays?

Broker Issues
Barclays
Fees and Spreads
02-18
United States
WikiFX
Reply

As an experienced trader, I approach any broker with a focus on transparency around trading costs and, even more crucially in the case of Barclays, regulatory oversight. Based on my careful review of Barclays’ profile, I noticed that there is no valid regulatory information for their forex and derivatives services in Japan. This lack of regulation alone makes me extremely cautious about evaluating any cost structure, including for trading major indices like the US100, since unregulated brokers are not held to the same standards of fee transparency or client fund protection as regulated entities. When considering the full spectrum of trading costs through a broker like Barclays, I generally expect several components: spreads, commissions, overnight financing (swap) fees, potential platform fees, and withdrawal or deposit charges. However, with Barclays, the publicly available information does not specify any of these costs in detail for trading indices. This lack of clarity is a red flag for me as a trader, since transparent, upfront disclosure of all costs—including hidden or performance-related fees—is essential for sound risk management. Given Barclays’ high-risk warnings, lack of regulation, and a troubling user review citing unresolved withdrawal issues and misleading performance plans, I cannot confidently quantify total trading costs for the US100 or similar indices. For me, the absence of regulatory oversight significantly raises the potential for unexpected or unfair charges. For anyone considering trading indices with Barclays, I would personally advise extreme caution and recommend seeking out fully regulated brokers who provide clear, documented cost structures to safeguard your capital and trading experience.

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