Scottrade Review

Best Bond Trading Brokerage Firm in 2015

Etrade Promotion for 2015: None

Etrade Bond/Fixed Income and Other Investments Commissions (2015)

Stocks and ETFs $9.99 ($7.99 if making 150+ trades per quarter)
Stocks and ETFs broker assisted $34.99
Options $9.99 + $0.75 per contract ($7.99 + $0.75 if making 150+ trades per quarter)
Mutual funds $19.99
Futures contracts $2.99 per contract, per side + fees
Fixed Incomemarkup or markdown and any transaction fee will be included in the price quoted
Forex No commissions. Etrade receives compensation through the bid/ask spread.
Bonds$1 per bond (minimum $10, maximum $250) for online secondary market trades. Includes Agency bonds, Corporate bonds, Municipal bonds, Brokered CDs, Pass-thrus, CMOs, Asset Backed Securities.

Investments stocks, bonds, mutual funds, futures, forex, fixed income, options, ETFs
Etrade minimum deposit to open account $500 for non-retirement cash account, $0 for retirement cash account, $2,000 for margin account
FeesEtrade fees
Etrade login, Etrade promotions and Etrade referral

Best Online Broker for Bonds

Etrade offers its customers an ability to invest in Agency, Corporate, and Municipal bonds, Brokered CDs, Pass-thrus, CMOs, and Asset Backed Securities. Pricing for bond trading and investing is very good: $1 per bond with $10 minimum and $250 maximum. The costs are the same or better than what is offered at other large brokerage firms. Charles Schwab (review) charges $1 per bond with $10 minimum and $250 maximum per transaction. TD Ameritrade's (review) rate is $25 flat fee for Treasuries at auction (all other bonds and CMOs, CDs are priced on a net yield basis), and Fidelity's (review) price is $50 per transaction.

Of course, Etrade's bond pricing is only advantageous for small number of Treasury bonds - up to 25. If you need to buy over 25 Treasury bonds per trade, than going with other brokerage house such as TD Ameritrade makes more sense.

At Etrade you can choose from over 50,000 bonds - one of the largest selections of bonds available online. The company offers great bond trading and research platform with graphical charts to help you find bonds that match your criteria. Clients also get unbiased bond recommendations - specific advice from professionals who are not paid on commission.

Etrade also offers a "bond ladder" - a portfolio of fixed-income securities that mature at regular, staggered intervals. You can also build a ladder with brokered CDs. Laddering is an investment technique designed to generate income based on an investor's unique situation, whether to support ongoing cash flow needs or plan for those expected to arise in the future. It can also reduce one's exposure to interest rate fluctuations.

Etrade Account Advantages

  • No account maintenance or inactivity fees
  • Large and well established company
  • Powerful trading tools
  • No IRA account fees, and no minimums with electronic statements and confirmations
  • Low minimums to open accounts: $500 for cash account, $0 for retirement cash account, $2,000 for margin account
  • Investing advice is available by phone or in person
  • No surcharges on large orders or penny stocks
  • Great research amenities from S&P, MorningStar, Thompson Reuters, Credit Suisse, and Smart Consensus
  • Access to trading on 40 foreign exchanges

Etrade Review

Read full Etrade Review.

Etrade Promotion Link


Etrade Review

This article was updated on 2/23/2015.

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