Best Brokers For Bonds

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Written By
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Written By
Rebecca Holden
Rebecca is an investment writer and broker analyst. She has evaluated dozens of brokers and trading platforms. Rebecca formerly worked in e-commerce where she helped grow the online presence of some of the UK's largest brands.
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Edited By
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Edited By
James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
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Investors trade bonds for profit by capitalizing on changes in government or corporate bond values. This guide features our pick of the best bond trading brokers, selected after thorough review, comparison, and ranking.

Best Brokers For Bonds 2024

Based on our assessment, these are the 5 best bond trading accounts:

Best Brokers For Bonds Comparison

Best Brokers For Bonds Comparison
Broker Bonds Minimum Investment Regulators Cost Rating Overall Rating Visit
AvaTrade logo
- ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
Visit
IC Markets logo
$200 ASIC, CySEC, FSA
Visit
CityIndex logo
$0 ASIC, FCA, MAS
Visit
IC Trading logo
$200 FSC -
Visit
eToro logo
$50 FCA, ASIC, CySEC, FSA, FSRA, MFSA
Visit
Interactive Investor logo
£0 FCA
Visit
Trade Nation logo
$0 FCA, ASIC, FSCA, SCB, FSA
Visit
IG logo
$0 FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA
Visit
Vantage logo
$50 FCA, ASIC, FSCA, VFSC
Visit
CMC Markets logo
$0 FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA
Visit
Markets.com logo
$100 FCA, CySEC, ASIC, FSCA, FSC
Visit
Interactive Brokers logo
$0 FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA
Visit
VT Markets logo
$200 ASIC, FSCA, SVGFSA
Visit
Moneta Markets logo
$50 ASIC, FSCA, FSA
Visit
Spreadex logo
£0 FCA -
Visit

#1 - AvaTrade

Why We Chose AvaTrade

AvaTrade offers European and Japanese bond trading through CFDs, allowing users to speculate on rising and falling prices. Spreads on treasuries are tight and leverage up to 1:5 is available, amplifying both returns and losses. AvaTrade excels by offering bonds on MT4 and MT5 – platforms that are great for short-term traders and algo traders.

"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
  • Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
  • Platforms: WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail) 1:400 (Pro)

#2 - IC Markets

Why We Chose IC Markets

IC Markets offer trading on 9 bonds with deep liquidity and excellent pricing. The broker also stands out by offering very high leverage up to 1:200, alongside access to leading charting platforms MT4 and MYT5

"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
  • Regulator: ASIC, CySEC, FSA
  • Platforms: MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
  • Minimum Deposit: $200
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)

#3 - CityIndex

Why We Chose CityIndex

City Index remains a top choice for bond CFD traders, thanks to its commission-free pricing model and competitive spreads from 0.02 points. There’s a wealth of bond market news and analysis to utilize, including the Trading Central dashboard. Beginners can also get started easily with no minimum deposit, or experience the bond market risk free in the 12-week demo.

"City Index is best for new and intermediate traders looking for a wide selection of assets on user-friendly platforms."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Cryptos, Options, Commodities, Bonds
  • Regulator: ASIC, FCA, MAS
  • Platforms: MT4, TradingView, TradingCentral
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail), 1:50 (Accredited Investor), 1:200 (Sophisticated Investor), 1:300 (Wholesale Investor), 1:400 (Professional Trader). Varies with jurisdiction.

#4 - IC Trading

Why We Chose IC Trading

IC Trading offers 9 bonds with long/short opportunities through CFDs with leverage up to 1:200. Government bonds are available in major countries, including United States, Japan and Europe.

"With superior execution speeds averaging 40 milliseconds, deep liquidity, and powerful charting software, IC Trading delivers an optimal trading environment tailored for scalpers, day traders, and algorithmic traders. "

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures
  • Regulator: FSC
  • Platforms: MT4, MT5, cTrader, AutoChartist, TradingCentral
  • Minimum Deposit: $200
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:500

#5 - eToro

Why We Chose eToro

You can trade bonds at eToro by investing in ETFs and its YieldGrowth Smart Portfolio. Simple to navigate, they offer the advantages of fixed-income products with one-click access.

"eToro's social trading platform leads the pack with a terrific user experience and active community chat that can help beginners find opportunities. There are also competitive fees on thousands of CFDs and real stocks, plus excellent rewards for experienced strategy providers."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities, Bonds
  • Regulator: FCA, ASIC, CySEC, FSA, FSRA, MFSA
  • Platforms: eToro Web, CopyTrader, TradingCentral
  • Minimum Deposit: $50
  • Minimum Trade: $10

Comparing Bond Brokers

To find the best bond brokers, we evaluate firms across several categories:

The Number Of Bonds

Top brokers offer a range of bonds, sometimes thousands, helping investors build diverse portfolios.

Our analysis found that most bond brokers offer access to several types of bonds, including:

Table of bonds at Interactive Investor
Bonds at Interactive Investor

Also important is the vehicle you can use to speculate on bond values. For short-term speculation, contracts for difference (CFDs) and spread betting are popular, allowing users to speculate on prices without owning the underlying bond. For longer-term investing, you can buy bonds directly or deal in exchange-traded funds (ETFs).

The Fees To Trade Bonds

The best bond brokers offer low fees with no hidden charges.

Our testing shows that many firms charge a transaction fee, known as a commission. Low-cost platforms charge commissions of <1% or <$10. Fees may also be shown as a spread, especially if you trade bond CFDs. Here, sub 1 point is competitive.

Importantly, we look for any volume discounts that can bring costs down. Our team also evaluate non-trading fees, which can take the form of account opening and maintenance fees, deposit and withdrawal charges, plus inactivity penalties.

  • CMC Markets offers bonds with spreads as low as 1 point. We also rate that you can reduce spreads by up to 40% through the Alpha program.

The Minimum Investment

The top bond brokers offer an accessible minimum deposit, lowering the entry barrier.

Our research shows that many top bond brokers accept new traders with a minimum deposit of <$200. With that said, some firms have no minimum deposit, making them a good option for beginners.

Importantly, we balance a low minimum deposit with the quality of the investment tools and market research. We have found that sometimes it is worth investing more upfront to access higher-quality tools.

  • OANDA has no minimum deposit and offers European, US and UK bonds with competitive conditions.

The Platforms And Tools

Our top-rated bond brokers offer easy-to-use platforms with excellent market research tools.

When we test bond brokers, we look for user-friendly platforms and apps that allow investors to analyze markets and manage trades. The best software will help you find bonds that align with your financial goals and risk appetite.

Our team also consider the availability of additional resources for bond traders, whether expert commentary on the maturity, yield, and quality of bonds, or tools to help investors calculate potential returns and fees.

  • AvaTrade offers two sophisticated platforms for bonds with advanced charting software – MT4 and MT5.

The Broker’s Regulatory Status

We only recommend bond brokers that we trust.

Several factors impact the trust rating we assign brokers. The most important of which is whether the brokerage is regulated by a respected financial body. Investing through a tightly regulated bond broker will help protect you from scams and unfair practices.

Among the most respected regulators are the US National Futures Association (NFA), US Commodity Futures Trading Commission (CFTC), UK Financial Conduct Authority (FCA), and Australian Securities & Investments Commission (ASIC).

Our team also factor in the reputation of the bond broker and look for signs of credibility, such as being listed on a stock exchange or part of a banking institution.

  • IG is a trustworthy bond broker regulated by reputable bodies, including the NFA, CFTC and FCA.

FAQ

What Is A Bond Broker?

A bond broker is an intermediary that provides a platform where you can buy, sell and speculate on bond values.

Our analysis shows that the best bond brokers offer a large number of bonds, a choice of investing vehicles, transparent fees with low commissions, and oversight from a trusted regulator.

Do I Need To Open An Investing Account To Buy Bonds?

To invest in bonds, you generally need to open an account with an online broker.

When you have completed the sign-up requirements and satisfied any minimum deposit requirements, you can purchase or trade bond instruments through the firm’s investing platform or mobile app.

Which Is The Best Bond Broker?

We have compiled a list of our best bond brokers. We considered several factors, including the number and type of bonds available, fees on bond instruments, the minimum investment, plus the quality of the platforms and tools.

Importantly, we also checked the broker’s regulatory credentials and reputation. Only bond brokers we trust make our rankings.

What Types Of Bonds Do Brokers Offer?

The types of bonds available to traders will vary between online brokers. However, top-rated brokers offer a selection of government, corporate, and fixed bonds, plus a choice of investment vehicles, such as CFDs, ETFs, and spread bets.

Article Sources

The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com