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Trade currencies with a global leader in FX

FX on BARXdirect gives you the edge in the world's biggest financial market enabling you to search out profit and avoid losses, regardless of market conditions with:

  • Some of the tightest spreads on the market
  • Agile trading tools
  • Research intelligence
  • And the Security of a leading AA- rated bank

We support your trading with a state-of-the-art trading platform offering best-of-breed charting and analysis, professional streaming news and research, and a dedicated team to help you realise your trading potential. And with the security of a AA- rated bank and interest paid on cash balances we offer clients the security and flexibility to react to market developments.

If you are an experienced trader who is comfortable accepting a higher level of risk for potentially higher returns, FX on BARXdirect could be for you.

Leveraged foreign exchange trading carries a high level of risk to your capital and you should only deal with money you can afford to lose. Leverage can magnify losses as well as gains. Open positions will be closed out automatically if the available margin falls by 90%. If Barclays Stockbrokers fails to close these positions for reasons beyond its control, you will remain liable for all losses. Terms and conditions apply.

 

Key features

  • Tight spreads from under 2 pips on 20 major currency pairs
  • Pricing sourced directly from Barclays Capital
  • A cutting edge trading platform with fully customisable charting, 29 technical indicators and advanced order types
  • Fully integrated system alerts and integrated risk management
  • You choose - desktop or web-based platform available under a single login
  • Competitive Interest payments on cash held within your account
  • Professional quality streaming news from Reuters
  • Security of your assets held by one of the worlds leading AA- rated banks.

FX trading brings you

Portfolio diversification and risk management with a new asset class

  • Access a truly global market with 24-hour opportunity
  • Benefit from interest rate differentials on certain currency positions held overnight
  • Enjoy the benefits of leverage -
    • No commission to pay
    • Ability to profit in rising and falling markets
    • Currency prices could be subject to sharp changes over short periods
  • No stamp duty levied on FX Trades, capital gains tax and/or Income tax could be payable on profits made

Unbeatable Cash rates


We also pay competitive interest on cash held within your account and overnight positions held
  • Base rate minus 2% on cash balances of £7,500 - £50,000
  • Base rate minus 1% on balances over £50,000
  • Interest rates of +/- 1.5% on overnight positions
* Calls made to 0845 numbers are free for BT residential customers (current as at January 2009). The price on non-BT phone lines may vary; please check with your service provider. You can only use these numbers if you are calling from within the UK. If calling from outside the UK, please call +44 141 352 3928. Calls may be recorded to monitor the quality of our service, to check instructions and for security purposes.


Legal Information

FX on BARXdirect from Barclays Stockbrokers is a trading name of Barclays Stockbrokers Limited.

Please note that BARXdirect via Barclays Stockbrokers may not be available in certain jurisdictions, especially the US and Japan. The products offered by Barclays Stockbrokers under the BARXdirect brand differ from products offered by Barclays Capital.

Barclays Stockbrokers is group name for the businesses of: Barclays Stockbrokers Limited, a member of the London Stock Exchange and PLUS. Registered No. 1986161; Barclays Sharedealing, Registered No. 2092410; Barclays Bank Trust Company Limited, Registered No. 920880. Registered VAT No 243 8522 62. All companies are registered in England and the registered address is: 1 Churchill Place, London E14 5HP. All companies are authorised and regulated by the Financial Services Authority.