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Which is the best broker for corporate bonds?
mroller
Posts: 397 Forumite
This is for largish orders, higher than 10k£.
I have already done some research:
- HL are quite expensive
- Halifax Sharedealing only take orders on the phone for bonds, and fees are quite expensive for telephone orders
- x-o.co.uk, are the cheapest but they told me most corporate bonds can not be traded online, an email has to be sent instead.
- The likes of kilik&co and Redmayne are really too expensie.
seems x-o.co.uk are the way to go but any other ideas? I am looking for very good value for money, small or no inactivity fees and online trading.
Cheers.
I have already done some research:
- HL are quite expensive
- Halifax Sharedealing only take orders on the phone for bonds, and fees are quite expensive for telephone orders
- x-o.co.uk, are the cheapest but they told me most corporate bonds can not be traded online, an email has to be sent instead.
- The likes of kilik&co and Redmayne are really too expensie.
seems x-o.co.uk are the way to go but any other ideas? I am looking for very good value for money, small or no inactivity fees and online trading.
Cheers.
0
Comments
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I bought RBPX through X-O on two occasions. The online system seemed to allow it but it errored when I tried to buy. However when I phoned up they were able to do it for me as a real time trade, giving me the current price before I commited to it.
The price shown on their web site during the online trade attempt for RBPX did not actually match what it cost on the phone, perhaps if the online price was incorrect that is why it was not going through.0 -
Thanks, it looks like x-o.co.uk is the way to go then.
There remains Selftrade and TDW, anyone has any experience trading bonds with them?0 -
TDW charge if you do not trade and have under £5k in investments. So depends how much you are spending.0
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Trading these Bonds online is not easy. TDW offer the best spread of Bonds available to be traded this way.
Most of them will need to be traded by phone, with the added costs.'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
Are you sure of what you are saying purch?
Isn't the spread defined by the market (order book), how can TDW offer tighter (bid-ask)spreads unless you are saying that other brokers add margins to it which would be illegal IMO.
I am talking about the retail bond market managed by LSE.0 -
perhaps "spread" as in "choice of"? and not the technical sense?0
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Are you sure of what you are saying purch?
Yes........'In nature, there are neither rewards nor punishments - there are Consequences.'0
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