Best Bond Brokers 2025
After testing various brokers, we’ve pinpointed the best for trading bonds, with low fees, powerful platforms, and insightful research to support smarter trading.
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Interactive Brokers is a leading bond broker, boasting a selection of over 1 million products. The company provides a thorough Bond Search tool that allows traders to sort through a vast array of popular treasuries, notes, and municipal securities. Competitive commissions begin at 0.2 basis points for the initial $1 million of face value.
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Dukascopy offers CFDs for US, UK, and German government bonds. Their commission rates start at $52.50 per million, but can reduce to $7.50 for traders with high volumes. The broker is well-suited for experienced bond traders, as it provides comprehensive analysis tools and automation features like APIs and strategy builders.
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Firstrade offers a wide selection of fixed-income investments, including treasury bills, municipal bonds, and secondary market CDs. The broker charges no commissions on online trades and requires no minimum deposit, making it suitable for new bond investors.
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4
AvaTrade offers trading in European and Japanese bonds via CFDs, meaning traders can predict whether prices will go up or down. The spreads on treasuries are narrow and leverage up to 1:5 can boost both profits and losses. AvaTrade stands out because it provides trading of bonds on the MT4 and MT5 platforms, which are suitable for short-term and algorithmic traders.
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IC Markets provides trading on 9 bonds with strong liquidity and competitive pricing. The broker is notable for offering high leverage up to 1:200 and access to top charting platforms MT4 and MT5.
Compare Bond Brokers
| Broker |  |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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✓ | ✓ | $0 | $100 | 1:50 | ✗ | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF | Capitalise.ai & TWS API | ✓ | ✗ | |
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✓ | ✓ | $100 | 0.01 Lots | 1:200 | ✗ | FINMA, JFSA, FCMC | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, Binary Options | JForex, MT4, MT5 | USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, PLN, CZK, AED, SAR, HUF, MXN | Yes (EAs & FIX APIs) | ✗ | ✗ | |
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✓ | ✗ | $0 | $1 | ✗ | ✗ | SEC, FINRA | Stocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed | TradingCentral | USD | ✗ | ✗ | ✗ | |
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✓ | ✓ | $300$100 | 0.01 Lots | 1:30 (Retail) 1:400 (Pro) | ✓ | ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFM | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures | WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade | USD, EUR, GBP, CAD, AUD | Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | |
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✓ | ✓ | $200 | 0.01 Lots | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | ✓ | ASIC, CySEC, FSA, CMA | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | ✗ | ✗ | |
| Broker | |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
Safety Comparison
Compare how safe the Best Bond Brokers 2025 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✗ | ✗ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best Bond Brokers 2025.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
|---|---|---|---|---|
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iOS & Android | ✓ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Bond Brokers 2025 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $0 | $100 | ✓ | ✗ | ||
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✓ | $100 | 0.01 Lots | ✗ | ✗ | ||
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✗ | $0 | $1 | ✓ | ✗ | ||
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✓ | $300$100 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $200 | 0.01 Lots | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best Bond Brokers 2025 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Capitalise.ai & TWS API | ✗ | ✗ | ✓ | ✗ | 1:50 | ✓ | ✓ |
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Yes (EAs & FIX APIs) | ✗ | ✓ | ✗ | ✗ | 1:200 | ✗ | ✗ |
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✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✓ | ✓ |
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Expert Advisors (EAs) on MetaTrader | ✗ | ✓ | ✗ | ✓ | 1:30 (Retail) 1:400 (Pro) | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | ✓ | ✗ | ✗ | ✗ | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | ✓ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Bond Brokers 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
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✓ | USD: 4.8%, GBP: 4.7% | ✗ | ✓ | ✓ | ✗ | ✓ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✓ | ✗ | ✗ | ✗ |
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✗ | ✗ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | USD: 2.7% | ✓ | ✗ | ✗ | ✓ | ✓ | ✗ | ✓ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✓ | ✓ | ✗ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best Bond Brokers 2025 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Bond Brokers 2025.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✗ | $0 | 0.003 | 0.08-0.20 bps x trade value | 0.12%-0.18% | |
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✗ | CHF 100 | 0.1 | 0.1 | 0.1 | |
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✗ | $0 | $0 per trade | ✗ | Variable | |
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✓ | $50 | 0.13 | 0.9 | BTC <1%, ETH 2% | |
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✗ | $0 | 0.02 | 0.02 | BTC 42.036 | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best Bond Brokers 2025 are in terms of number of clients.
| Broker | Popularity |
|---|---|
| Interactive Brokers |
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| Dukascopy |
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| AvaTrade |
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| IC Markets |
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Why Trade With Interactive Brokers?
Interactive Brokers is ideal for seasoned traders due to its robust charting platforms, updated data, and adaptability, especially with the IBKR Desktop application. Its exceptional pricing and advanced order features appeal to traders, and its variety of stocks remains unmatched in the market.
Pros
- IBKR offers exceptional access to global stocks, with thousands of equities available from over 100 market centers in 24 countries, including the recent addition of the Saudi Stock Exchange.
- IBKR is a highly regarded brokerage, regulated by prime authorities. This ensures the safety and reliability of your trading account.
- The TWS platform is designed for intermediate to advanced traders. It includes over 100 order types and a dependable real-time market data feed that rarely experiences downtime.
Cons
- Customer service may take time to respond, and there may be delays in fixing problems based on tests. It could be difficult to reach the customer service promptly.
- Only one active session per account is allowed, which means you can't run the desktop version and mobile app at the same time. This can sometimes lead to a frustrating trading experience.
- TWS's platform may be difficult for beginners to grasp because of its complexity. Plus500's web platform, on the other hand, is more appropriate for those new to trading.
Why Trade With Dukascopy?
If you're an experienced trader, Dukascopy offers the tools you need: JForex for algorithmic strategies, competitive spreads from 0.1 pips, leverage up to 1:200, and the assurance of a Swiss-regulated bank and broker.
Pros
- The proprietary JForex platform is advanced, offering tools for algorithmic trading, detailed charting, and access to deep liquidity for traders.
- Dukascopy is regulated by the Swiss Financial Market Supervisory Authority (FINMA) as a broker and a bank, providing high-level financial security and compliance with strict standards.
- Dukascopy provides tight spreads starting at 0.1 pips, leverage up to 1:200 (based on jurisdiction), and volume-based commissions that benefit high-frequency traders.
Cons
- Dukascopy offers educational resources and 24/7 support, but its complex platforms and tools require extensive testing and can overwhelm new traders.
- Dukascopy's withdrawal fees are higher than most competitors we've tested, especially for bank wire transfers, which may discourage traders who need frequent fund access.
- Certain account types, like MT4/MT5 accounts, need a higher minimum deposit of $1,000. This might not be suitable for traders with limited budgets.
Why Trade With Firstrade?
Firstrade is ideal for beginners wanting to trade US stocks without commission fees. It offers plenty of free educational resources and high-quality research, including its new FirstradeGPT tool. Users also get trading ideas from Morningstar, Briefing.com, Zacks, and Benzinga.
Pros
- Great broker for cost-conscious traders with low OTC fees
- Trusted US-regulated broker, member of SIPC
- Improved stock trading features now include overnight trading and fractional shares.
Cons
- Visa card deposits and withdrawals are not accepted.
- Firstrade emphasizes stocks and lacks forex options, reducing diversification opportunities.
- Over 90% of the evaluated options lack a demo or paper trading account.
Why Trade With AvaTrade?
AvaTrade provides traders with essential tools: an intuitive WebTrader, strong AvaProtect risk management, a quick 5-minute sign-up, and reliable support for fast-paced markets.
Pros
- AvaTrade's support team did well in tests, responding within 3 minutes and providing local support in major regions like the UK, Europe, and the Middle East.
- The WebTrader performed well in our tests, featuring an easy-to-use interface for beginners and strong charting tools, including 6 chart layouts and over 60 technical indicators.
- AvaTrade enhances its products with AvaFutures, offering an alternative to trade over 35 markets with low trading margins.
Cons
- The AvaSocial app is satisfactory but could be better. Its design, usability, and navigation between strategy providers and account management need improvement to compete with top platforms like eToro.
- AvaTrade’s WebTrader has improved, but it needs more customization as widgets like market watch and watchlists can't be hidden, moved, or resized.
- Signing up is easy, but AvaTrade doesn't offer an ECN account like Pepperstone or IC Markets, which provides raw spreads and fast execution that many traders want.
Why Trade With IC Markets?
IC Markets provides excellent prices, quick execution, and smooth deposits. The utilization of sophisticated charting platforms such as TradingView and the Raw Trader Plus account makes it a preferred choice for intermediate to advanced traders.
Pros
- IC Markets provides reliable 24/5 support, especially for account and funding matters, based on direct experience.
- You can trade more than 2,250 CFDs in various markets, such as forex, commodities, indices, stocks, bonds, and cryptocurrencies. This range enables varied trading strategies.
- IC Markets provides some of the smallest spreads in the industry, offering 0.0-pip spreads on major currency pairs. This makes trading particularly cost-efficient for traders.
Cons
- Despite having four top-tier third-party platforms, there is no in-house software or trading app specifically designed for new traders.
- IC Markets have a selection of metals and cryptos for trading through CFDs, but their range is not as wide as brokers such as eToro. This may limit options for traders who are interested in these asset types.
- Interest is not earned on unused funds, a feature commonly available at other platforms such as Interactive Brokers.
Filters
Methodology
We’ve carefully evaluated numerous bond brokers to bring you a list of the top platforms, offering exceptional features for bond traders:
- Wide Bond Access: Options for government, corporate, municipal, and international bonds.
- Low Fees: Transparent pricing with no hidden charges.
- User-Friendly Tools: Easy-to-use platforms with bond-specific features.
- Reliable Support: Knowledgeable, 24/7 assistance across multiple channels.
- Flexible Investments: Low minimums for accessible entry barriers.
- Robust Research: Detailed bond reports, market news, and educational tools.
- Tailored to Trading Style: Features for active traders and long-term investors.
- Goal Alignment: Options for high yields, diversification, or stability.
What To Look For in a Bond Broker
When trading bonds, the broker you choose can significantly impact your experience and returns. Here’s a closer look at the key factors to consider:
Access to Bond Markets
Different investors have different preferences. While some may want access to US Treasury bonds, others may prefer high-yield corporate or international bonds. The broader the selection, the better your chances of finding bonds that align with your goals.
Why It Matters: Limited access could restrict your ability to diversify your portfolio.
What to Look For: Brokers offering a wide range of bond types, such as:
- Government bonds (e.g., Treasuries).
- Corporate bonds (including investment-grade and high-yield).
- Municipal bonds for tax advantages.
- International bonds for geographical diversification.
CMC Markets is among the best for its range of bonds, with over 50 government bonds to trade.
Fees and Commissions
Bonds might be known for stability, but hidden fees can quickly eat into your returns. Many brokers we’ve evaluated charge transaction fees, spreads, or account maintenance fees that can make a seemingly good deal less appealing.
Why It Matters: Low or transparent fees mean more of your returns stay in your pocket.
What to Look For: Brokers that clearly outline their fee structures and avoid unnecessary charges like inactivity fees or high withdrawal costs. Some even offer commission-free bond trades or discounts for high-volume traders.
IC Markets consistently ranks among the cheapest brokers we’ve tested, with spreads averaging 0.011 on Euro Bund with no inactivity fees or hidden charges.
Platform Usability
I know from first-hand experience that a platform’s usability can make or break your trading experience. Whether you’re a beginner or an experienced trader, the last thing you want is to struggle with a clunky interface.
Why It Matters: Time spent navigating a confusing platform could cost you investment opportunities.
What to Look For:
- Intuitive and easy-to-navigate designs.
- Bond-specific tools, like yield calculators, maturity tracking, and credit rating displays.
- Mobile compatibility for trading on the go.
IG – Bonds
Take advantage of demo accounts to test the platform’s features, user-friendliness, and overall experience.
- Ease of Navigation: Ensure you can quickly find bond offerings, credit ratings, and other essential tools.
- Performance: Test execution speeds and platform stability, particularly if you plan to be an active trader.
I love the IG platform for its slick design and user-friendly navigation that makes finding, analyzing and trading bonds a breeze.
Customer Support
Good customer support is essential when trading bonds, especially if you encounter technical issues or need clarification about specific bonds.
Why It Matters: Prompt and knowledgeable support can save you time and frustration.
What to Look For:
- 24/7 availability via multiple channels (chat, phone, email).
- Representatives who understand bond trading and can provide expert advice.
- Comprehensive FAQs or knowledge bases for quick answers.
eToro has proved reliable on the support, especially if you ring or email your account manager directly.
Minimum Investment Requirements
Some brokers set high minimums for bond purchases, making them less accessible to smaller investors. However, there are platforms tailored to cater to beginners with modest capital.
Why It Matters: High minimums could exclude new or smaller investors from bond trading.
What to Look For:
- Brokers with low or no minimum investment requirements.
- Fractional bond trading options, if available, to make investing more flexible.
CMC Markets can’t be beaten when it comes to accessibility, with no minimum deposit to get started.
Research and Educational Resources
Not all bonds are created equal, and making the right choice requires reliable information. Educational resources and research tools can empower you to make smarter investments.
Why It Matters: Proper knowledge can improve your ability to identify profitable opportunities.
What to Look For:
- Access to detailed bond reports, credit ratings, and yield analysis.
- Educational resources like webinars, tutorials, and glossaries for beginners.
- Market news updates to stay on top of interest rate changes and economic trends.
IG – Research Tools
IG is by some margin the best broker for education, featuring a dedicated academy with guides, courses and quizzes for beginner, intermediate and advanced traders.
Trading Style
Every trader approaches the market differently. Some are hands-on, while others prefer a more passive strategy.
What to Look For
- Active Traders: If you frequently buy and sell bonds, prioritize brokers with low transaction fees, fast execution speeds, and robust trading platforms.
- Passive Investors: If you’re a buy-and-hold investor, focus on brokers with a wide selection of bonds and minimal account maintenance fees.
IC Markets is built for short-term active traders, while Interactive Investor is clearly geared towards longer-term investors.
Investment Goals
Take a step back and clarify your financial objectives.
What to Look For:
- High-Yield Opportunities: If you want higher returns and are comfortable with more risk, consider brokers offering high-yield corporate or international bonds.
- Portfolio Diversification: To diversify, look for brokers that offer access to a wide range of bond types, including municipal and global options.
Long-Term Stability: If you’re seeking steady income and long-term security, focus on brokers with access to government or investment-grade corporate bonds.
Risk Tolerance
Not all bonds carry the same level of risk. Your risk tolerance will play a significant role in determining the right broker.
What to Look For
- Low-Risk Tolerance: If you’re cautious, choose brokers specializing in government bonds or AAA-rated corporate bonds.
- Moderate to High-Risk Tolerance: If you’re comfortable with volatility, look for brokers offering high-yield or emerging-market bonds. Make sure the broker provides tools to evaluate credit ratings and bond performance.
Interactive Brokers caters towards various trading goals with its huge suite of bonds and its easy-to-use Bond Search tool that makes it straightforward to browse popular treasuries, notes, and municipal securities.