MarketMaster® and Investment Clubs rates and charges
Dealing rates and other charges
Dealing rates are 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 dealing 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.
|£0 - £500
|£501 - £1,500
|£1,501 - £2,500
|£2,501 - £20,000
|£20,001 - £75,000
|£75,001 - £1,000,000
Non EQS foreign securities (telephone dealing only)
||£45 (US) £100 (non-US)|
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:
- 0.5% SDRT on all UK equity purchases settled through CREST, rounded up to the nearest 1p.
- 0.5% stamp duty on all UK equity purchases not settled through CREST, rounded up to the nearest £5.
- Stamp duty on Irish registered stock is currently charged at 1%.
- The Panel of Takeovers and Mergers currently levy £1 on all UK equity transactions of £10,000 and over.
Automatic dividend reinvestment
Automatic dividend reinvestment purchases are charged per reinvestment at a flat rate of 1% based on the value of the dividend (minimum £1, maximum £7.50).
(on your investment amount)
||Varies by fund manager and fund|
(typically 3-5.5%) No payments are made to Barclays Stockbrokers
|Fund Administration Fee
||0.35% per annum subject to a minimum charge of £35 per annum per account. The fee is calculated on the daily value of Qualifying Fund holdings, up to a maximum of £500,000. There is no further charge on fund holdings over £500,000.The fee is calculated quarterly.
||0.35% per annum subject to a minimum charge of £35 per annum per account. The fee is calculated on the daily value of Qualifying Fund holdings, up to a maximum of £500,000. There is no further charge on fund holdings over £500,000.The fee is calculated quarterly.|
Qualifying funds are:
- Clean share classes
- Bundled share classes purchased after 5 April 2014
- Bundled share classes where you have opted out of the conversion to the clean share class.
Quarterly administration charge £12 + VAT (not applicable if you trade within the quarter)
All account charges are taken in arrears and apply per account.
|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.
|Closure of account
||No charge is made for closing the account, but a charge is made for transferring out the holdings, and further dealing and other charges may be applicable|
|Transfer in of holdings
|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
||£25 per transfer|
|Unpaid/ returned Direct Debit charge
||£25 per Direct Debit|
|Unpaid/ returned cheque charge
||£25 per cheque|
|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 per referral|
|Ad hoc statement or valuation
|Copy of consolidated tax certificate
||£17.50 + VAT (if requested after 3 months of sending the original). No charge if requested within 3 months.|
|Duplicate contract note
||No charge, if requested within 6 months since deal |
£10 + VAT, if requested more than 6 months since deal
|Valuation for Probate
Price available on request
The interest paid is banded which means the rates below apply only to the proportion of the account balance within each band. Each band of your overall cash balance will receive different rates of interest giving a blended rate. Any interest due will be paid quarterly in arrears.
Please note that our interest rates are a Managed Rate. That means that they are a rate set by us and can be amended from time to time. Any changes may or may not be linked to moves in the Bank of England base rate.
Current interest rates
Effective 1 December 2016
|£0 - £999
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 50 basis points 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 May 2015
*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.
- The value of your investments can fall as well as rise and you may get back less than you initially invested.
- Investing is not for everyone, if you are unsure please seek independent advice.