Bond trading is a great way to diversify your portfolio and make money from the changing value of bonds. When you buy a bond, it’s like lending cash to an institution such as a government or company in exchange for regular interest payments until its maturity date when they repay the original sum back. Bond trading plays an integral part in trading; therefore, having a trusted bonds broker is paramount to success.
Let’s get acquainted with our list of brokers and find out the best broker for bonds for you together.
- HFM
HFM (formerly HotForex) is an experienced, regulated global broker offering a wide range of investment products like stocks, bonds, and currencies. They have 4 account types with competitive spreads starting from EUR USD 0.1 and unrestricted liquidity for traders of any type or size to access automated platforms that support various strategies.
Trading bonds with HFM means you will have such benefits as:
- low volatility
- high liquidity
- capital preservation
- diversification of portfolio
According to our research, HFM is the best bond broker in 2023 and a perfect choice for traders. It offers low spreads on accounts and an abundance of resources to help increase their financial knowledge. On top of trading tools and market news, HFM also provides educational content such as live webinars, videos, and articles – all designed to help in becoming a successful trader.
Rating: 5
- Interactive Brokers
Interactive Brokers is a premier brokerage company that offers traders an extensive selection of assets including bonds, ultra-competitive pricing, and powerful trading platform capabilities.
Interactive Brokers is widely acclaimed for providing exceptional access to bonds with an extensive range of government, municipal and corporate bonds. With their Bond Search tool, clients can easily look through the marketplace according to yield.
Rating: 4.9
- TD Ameritrade
TD Ameritrade provides bond traders with a comprehensive suite of powerful tools and services to optimize their trading strategies. TD Ameritrade offers a superior mobile experience with its Thinkorswim platform, providing traders with powerful charting tools and real-time news updates. Moreover, with Thinkorswim you can access some advanced trading options not available on other similar apps.
Rating: 4.9
- Ally Invest
Ally Invest is a trusted and reliable brokerage company that offers one of the lowest commission rates in the market. They provide useful tools like The Bond Finder and Calculator to help you find which bonds are perfect for your needs, with no extra cost. Additionally, they act as principals on some fixed-income transactions by adding or deducting from every purchase a trader’s markup included in their quoted price.
Rating: 4.8
5. CMC Markets
CMC Markets is the perfect broker for traders looking to get into high-quality trading. With a tremendous selection of over 12,000 tradable instruments and 50 government bonds that offer leverage tailored to your needs – plus tight spreads and fast execution times – you can trust CMC Markets with all your investment decisions.
Rating: 4.8
Conclusion
So this is our list of bond brokers that you can use in 2023. All of them have their advantages as well as disadvantages. When making a choice, make sure to take into account your own trading goals and style. With that said, all of the brokers on this list are more than capable of handling your needs as a bond trader. So feel free to pick the one that fits you most and trade with confidence.
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