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Barclays BarxDirect fx

  • #1
  • First Post: Edited 3:03pm Jul 15, 2010 1:01pm | Edited 3:03pm
Hi, Anyone using Barclay's BarxDirect fx. They dont seem to advertise much and Ive only found a handful of reviews - all pretty positive

Office based in Glasgow. Its an stp not true ecn. Spreads seem tight (target for eur/usd is 0.9). I wasnt keen on the platform to start with it, but getting to like it. Streaming news from Reuters, excellent customer service. They said no problems getting filled for orders below 3 million. Minimum account opening is £5k. Minimum lotsize is 50,000 except usd/cad which is 100000

Dislikes: there is no pricing between 2200-2225 (seems like 2220) because of system reboot. Not a massive problem but just seems odd, creates price gaps between open and close of bars. Not as many currency pairs as other brokers (they have usd/cad but no gbp/cad so in theory I cant trade usd/cad as they dont quote gbp/cad to work out position size.
Relatively new so maybe these things will change.
  • #2
  • Jul 20, 2010 6:20am Jul 20, 2010 6:20am
heard of these guys, but never able to get any significant feedback.

anyone using these guys right now?
  • #3
  • Jul 21, 2010 2:41am Jul 21, 2010 2:41am
i know of at least 1 nick trading with Barclays 2 years back. Not sure bout now.
CCI decipherer
  • #4
  • Jul 21, 2010 7:01am Jul 21, 2010 7:01am
0.9 for EUR/USD is similar to Oanda , not bad
  • #5
  • Jul 22, 2010 1:55am Jul 22, 2010 1:55am
Quoting Cocoflanel
0.9 for EUR/USD is similar to Oanda , not bad
0.9? I always see it at 1 pip. Think their target is 0.9. Some of the other spreads seem wide when compared to Dukas and their commisions. They also dont seem to offer as many pairs (no GBP/CAD).

Currently usd/jpy: 1.2
gbp/usd: 2
eur/jpy: 2.9-3
  • #6
  • Jul 23, 2010 10:15am Jul 23, 2010 10:15am
just seen eur/usd at 0.9
  • #7
  • Jul 24, 2010 9:16am Jul 24, 2010 9:16am
Quoting Scotty2Cues
just seen eur/usd at 0.9
What's the average like during London/NY hours ?
  • #8
  • Jul 25, 2010 5:18am Jul 25, 2010 5:18am
Quoting Cocoflanel
What's the average like during London/NY hours ?
never seen it more than 1 pip or lower than 0.9
  • #9
  • Jul 25, 2010 5:42am Jul 25, 2010 5:42am
Quoting Scotty2Cues
never seen it more than 1 pip or lower than 0.9

What during news releases ?
  • #10
  • Aug 13, 2010 4:06am Aug 13, 2010 4:06am
I opened a Barx demo couple of weeks ago, their desktop platform is impressive with a lot of customization options, spreads are low but their onlince platform is all right but not at all impressive, more for checking up on positions than trading. A few days after opening my account a representative called me, she was very helpful and friendly and made a good first impression. The downsides are that GBP is the only base currency and min. trade size is 50K and is only adjustable by 50K steps, 100K, 150K, 200K etc. Seem like a good option but the trade size is an issue to me, since I would start with £ 15K but maybe not to those starting with more capital. In addition Barclays has the third largest turnover in global institutional trading.
  • #11
  • Aug 16, 2010 7:26am Aug 16, 2010 7:26am
Quoting cfta
I opened a Barx demo couple of weeks ago, their desktop platform is impressive with a lot of customization options, spreads are low but their onlince platform is all right but not at all impressive, more for checking up on positions than trading. A few days after opening my account a representative called me, she was very helpful and friendly and made a good first impression. The downsides are that GBP is the only base currency and min. trade size is 50K and is only adjustable by 50K steps, 100K, 150K, 200K etc. Seem like a good option but the trade...
Their chart software on the live platform has some bugs at the moment so Im not using them. The dates at the bottom of the charts are incorrect and there wer some MASSIVE spikes on a few of the charts (these have gone).They use integrals power trader.
  • #12
  • Last Post: Oct 17, 2010 11:15am Oct 17, 2010 11:15am
Quoting Scotty2Cues
Their chart software on the live platform has some bugs at the moment so Im not using them. The dates at the bottom of the charts are incorrect and there wer some MASSIVE spikes on a few of the charts (these have gone).They use integrals power trader.

Doesn't this platform puts a lot of load on the processor ?

I remember using a platform by Integral that kept my processor running at 60 % load, never seen this on any other platform
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