Firstly there was the awful transfer from Barclays Stockbrokers to Barclays Smart Investor. I couldn't access the system for a week. Luckily there were no profits warnings, otherwise I could have lost a lot of money.
Now the system basically works but there are still niggling issues.
The good points:
* Barclays tend to get good prices on buys and sells
* the advertising is slick and glossy
* the jingles while you wait to talk to a customer service representative are quite catchy
The bad points
* the website often drops me off with no warning and then I need to log in again
* summary information is completely wrong. It says I have made a 300% profit this year. I wish
* lots of things that I can't buy. There are lots of great US and European shares that I would like to buy but Smart Investor only allows UK listed shares
* the price - charging a %age of the value of my holdings is just a rip off and much higher than some of the competition. I wouldn't mind paying more for a better service. But I'm not getting a better service
So why haven't I moved to another stockbroker? People trying to transfer out have been reporting a 3 month or more transfer time during which they have been unable to buy or sell. And the cost of being locked out of trading can be huge. So I have to wait until transferring out becomes easy and quick
Definitely not recommended
6 years ago
Barclays has a
1.6
average rating
from
888
reviews
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