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The Best Brokers for Bonds in 2024

Overview of the Top Brokers for Bonds in 2024

Our comprehensive table offers a quick comparison of the top brokers for bonds in 2024, facilitating an informed decision-making process. It covers essential details such as minimum deposit requirements, availability of bonds, bond fee class (low or high), custody fee (if applicable), and inactivity fee. This overview aims to help you find the ideal broker that aligns with your financial goals and preferences.

BrokerMinimum Deposit Bonds Bond Fee ClassCustody FeeInactivity Fee
Firstrade$0 38,500 LowNo No
Interactive Brokers$0 41,274LowNoNo
MEXEM$500 38,321 LowNoNo
Saxo$0 5,900 LowYes No
TradeStation$0 Not available LowNoYes
E*TRADE$0 88,000 LowNo No
Charles Schwab$0 36,000+ LowNoNo
Swissquote$0 60,000HighYes No
J.P. Morgan$0 Not available LowNoNo
Merrill Edge$0 8,300 LowNo No

Trading Fees of the Best Brokers for Bonds

Discover the comparison of trading fees from top brokers for US Treasury and EU/UK government bonds in 2024. This overview enables you to evaluate bond trading costs across different brokers, helping you make informed decisions.

BrokerUS treasury bond EU/UK government bond
Firstrade$0.0 Not available
Interactive Brokers$5.0 $10.0
MEXEM$5.0 $13.9
Saxo$21.6 $21.6
TradeStation$20.0 Not available
E*TRADE$0.0 Not available
Charles Schwab$0.0 Not available
Swissquote$0.75 $54.0
J.P. Morgan$0.0 Not available
Merrill Edge$0.0 Not available

Non-Trading Fees at the Best Brokers for Bonds

Non-trading fees are charges that are not directly tied to individual trades. These typically include account maintenance, deposit and withdrawal fees, and inactivity fees. The table below provides information on the non-trading fees of the best brokers for bonds, helping you make an informed choice.

BrokerAccount Fee Deposit Fee Withdrawal FeeInactivity Fee
FirstradeNo$0 $0 No
Interactive BrokersNo$0 $0 No
MEXEMNo$0 $0 No
SaxoNo$0 $0 No
TradeStationNo$0 $35 Yes
E*TRADENo$0 $0 No
Charles SchwabNo$0 $0 No
SwissquoteNo$0 $10 No
J.P. MorganNo$0 $0 No
Merrill EdgeNo$0 $0 No

Can I Trust These Best Brokers for Bonds?

When choosing a broker for bonds, trust is paramount. We evaluate each broker’s regulatory status, protections available to investors, customer reviews, and track record for transparency and reliability. Learn about the measures these brokers take to protect your investments and ensure a secure trading environment.

BrokerEstablishment Year Top-tier Regulators Investor ProtectionInvolved in the scandal
Firstrade1985SEC and FINRA in the US$500k (including $250k for claims for cash) to the USNo
Interactive Brokers1978FCA in the UK, SEC in the US, and ASIC in Australia$500k (up to $250k on cash) to US clients.No
MEXEM2018CySEC in the CyprusUp to €20000No
Saxo1992FSA in Denmark, FCA in the UK, FINMA in Switzerland and ASIC in Australia$100k cash and €20k securities to most EU clients. No
TradeStation1982SEC and FINRA in the US$500k (securities up to $500k, cash up to $250k)No
E*TRADE1982SEC and FINRA in the US$500k (including $250k for claims for cash) to the USNo
Charles Schwab1971SEC and FINRA in the US, SFC in the Hong Kong, and MAS Singapore$500k (including $250k for claims for cash) to the USNo
Swissquote1996FINMA in Switzerland and FCA in the UKCHF 100k for cash at the Swiss entity, £85k at the UK entity, HKD 500k at the Hong Kong entity, and none of the other entities.No
J.P. Morgan1871SEC, CFTC, and FINRA in the US$500k (securities up to $500k, cash up to $250k)No
Merrill Edge2010SEC and FINRA in the US$500k (including $250k for claims for cash) to the USNo

The Best Brokers for Bonds Snapshot

Firstrade
Firstrade
Mobile App Score4.5
Minimum Deposit$0
Bond Fee ClassLow
Deposit MethodsBank transfers
Withdrawal MethodsBank transfers
Time to Open an Account1-3 days
Demo Account
Customer ServicesAvailable 24/5 via phone, and email
Interactive Brokers
Interactive Brokers
Mobile App Score5.0
Minimum Deposit$0
Bond Fee ClassLow
Deposit MethodsBank transfer
Withdrawal MethodsBank transfer
Time to Open an Account1-3 days
Demo Account✔️
Customer ServicesAvailable 24/5 via live chat, phone, and email
Mobile App Score4.1
Minimum Deposit$0
Bond Fee ClassLow
Deposit MethodsBank transfer
Withdrawal MethodsBank transfer / ACH / Credit or debit card / E-wallet transfer
Time to Open an Account1 day
Demo Account✔️
Customer ServicesAvailable 24/5 via live chat, phone, and email
SAXO Bank
SAXO Bank
Mobile App Score4.7
Minimum Deposit$0
Bond Fee ClassLow
Deposit MethodsBank transfer, Credit/debit cards
Withdrawal MethodsBank transfer
Time to Open an Account1 day
Demo Account✔️
Customer ServicesAvailable 24/5 via live chat, phone, and email
TradeStation
TradeStation
Mobile App Score4.0
Minimum Deposit$0
Bond Fee ClassLow
Deposit MethodsBank transfers, Wire transfers, ACH transfers, and Check deposits.
Withdrawal MethodsBank transfers
Time to Open an Account1 day
Demo Account✔️
Customer ServicesAvailable 24/5 via live chat, phone, and email
Mobile App Score4.2
Minimum Deposit$0
Bond Fee ClassLow
Deposit MethodsBank transfer
Withdrawal MethodsBank transfer
Time to Open an Account1-3 days
Demo Account
Customer ServicesAvailable 24/7 via live chat, phone, and email
Charles SCHWAB
Charles SCHWAB
Mobile App Score4.5
Minimum Deposit$0
Bond Fee ClassLow
Deposit MethodsBank Transfer, Visa, Mastercard, Check, Walmart and Western Union money transfer
Withdrawal MethodsBank Transfer, Visa, Mastercard, Check, Walmart and Western Union money transfer
Time to Open an Account1 day
Demo Account✔️
Customer ServicesAvailable 24/5 via live chat, phone, and email
Swissquote
Swissquote
Mobile App Score4.2
Minimum Deposit$0
Bond Fee ClassHigh
Deposit MethodsWire Transfer, Credit Card, Visa, Mastercard
Withdrawal MethodsWire Transfer, Credit Card, Visa, Mastercard
Time to Open an Account1 day
Demo Account✔️
Customer ServicesAvailable 24/5 via live chat, phone, and email
J.P. Morgan
J.P. Morgan
Mobile App Score4.5
Minimum Deposit$0
Bond Fee ClassLow
Deposit MethodsBank transfer
Withdrawal MethodsBank transfer
Time to Open an Account1 day
Demo Account
Customer ServicesAvailable 24/7 via live chat, phone, and email
Merrill Edge
Merrill Edge
Mobile App Score4.0
Minimum Deposit$0
Bond Fee ClassLow
Deposit MethodsBank wires, checks, broker-to-broker transfers, and IRA rollovers from 401(k) plans
Withdrawal MethodsBank wires, checks, broker-to-broker transfers, and IRA rollovers from 401(k) plans
Time to Open an Account1 day
Demo Account
Customer ServicesAvailable 24/7 via live chat, phone, and email

Methodology

To choose the best broker for bonds, we thoroughly check, verify, and compare the elements that we consider to be the most important to consider when choosing an excellent broker. This includes the benefits, drawbacks, and overall grades determined by our research. Our goal is to help you find the ideal broker for your investor needs. You can read more about our methodology by visiting this page.

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