MarketMaster® and Investment Clubs rates and charges
Commission is charged per deal. Other charges and service restrictions may apply.
Online dealing charges (all investment types except funds (Unit trusts, Open Ended Investment Companies (OEICs)), non-European Quoting Service (EQS) International Securities.
The initial commission rate you pay in each month is determined by the number of deals you place in the previous calendar month. Each time you hit a new tier, you will be switched to the lower commission rates. In order to remain at the new tier you must maintain the required number of deals per month. The number of telephone and online deals you place are consolidated when calculating your deal count, but each method has its own commission rates.
Telephone dealing charges (all investment types except funds (Unit trusts, Open Ended Investment Companies (OEICs)), non-European Quoting Service (EQS) International Securities.
Non EQS foreign securities (telephone dealing only)
Automatic dividend reinvestment
Automatic dividend reinvestment purchases are charged at a flat rate commission of 1% (minimum £1, maximum £7.50).
Taxes & levies
Stamp duty or stamp duty reserve tax (SDRT) on all UK equity purchases is payable at the prevailing rate at the time of dealing. The current rates are:
|Quarterly Administration charge||No account charge is payable if only funds are held. |
£12 + VAT (trade only once in the quarter and this charge does not apply)
An additional £25 + VAT for your overseas portfolio (waived if a deal was made in that quarter)
Please be aware that the quarter is measured 3 months from when your account is opened. This then recurs every 3 months.
Account Closure / Transfers
|Closure of account||FREE (dealing and/or transfer charges may be applicable)|
|Transfer out of holdings||£30 per holding|
|Transfer in of holdings||FREE|
|Transfer in of International Lodgements (certificates or via a registration system)||£50 per holding|
|Remaining administration charges||Pro-rata up to date of closure|
|Chaps/ wire charge
|Unpaid/ returned Direct Debit charge||£25|
|Unpaid/ returned cheque charge||£25|
|Late settlement administration
||£40 + VAT per overdue deal|
|Referral to Debt Recovery Department||£25 (additional 8% if referred to an outside agency - minimum £15) + VAT|
|Debit Interest||Barclays Base Rate + 3.5%|
|Ad hoc statement or valuation||Free|
|Copy of consolidated tax certificate||£17.50 + VAT (if requested after 3 months of sending the original)|
|Duplicate contract note||Free, if requested within 6 months since deal |
£10 + VAT, if requested more than 6 months since deal
|Copy of tape recording / telephone conversation in case of complaint
||£20 + VAT conversation transcript in case of complaint (if Barclays Stockbrokers is not at fault)|
|Valuation for Probate|
Price available on request
The interest paid is banded, which means that the rates in the table below apply only to the portion of the balance within each band shown, not to your cash balance as a whole. Each band of your overall cash balance will receive different rates of interest as shown below, to give an overall blended rate.
Please note that our interest rates will move in line with changes in the Barclays Base Rate. However, where the applicable margin would result in a negative figure, the rate will be zero. i.e. we will pay no interest. At present we only pay interest on balances in excess of £250,000.
|Cash Balance band|
Interest paid on this band only
|£0 - £999|
|£1,000 - £12,499|
4% below Barclays Base Rate
|£12,500 - £24,999|
3.5% below Barclays Base Rate
|£25,000 - £149,999|
2.5% below Barclays Base Rate
|£150,000 - £249,999|
1% below Barclays Base Rate
|£250,000 and over|
Barclays Base Rate
View the Barclays Bank Base Rate online alternatively you can call Barclays Bank directly on 0845 603 0845*, hold for an agent and ask for the current rate. (Lines are open 8.30am-5.30pm Monday to Friday and Saturday 9am-1pm, except Bank Holidays. To maintain a quality service, phone calls may be monitored or recorded.)
FX Conversion Charge
Your Barclays Stockbrokers account holds sterling cash only. Trades in foreign securities will involve conversion into the currency of settlement. The exchange rate provided by the market is known as the spot rate. Barclays Stockbrokers charge a 0.5% margin on the value of that spot rate for USD and EUR transactions, all other currency conversions will be charged at 1%.
All charges are correct as at March 2014
*Call costs may vary - please check with your telecoms provider. Calls may be recorded so that we can monitor the quality of our service and for security purposes.