There is not another direct alternative to WiseAlpha where you can invest in fractional bonds, but for those looking to invest in corporate bonds, there are a number of options for buying and investing in bonds.
One alternative is the London Stock Exchange’s Order Book for Retail Bonds (ORB). This is a platform for investing in UK fixed income securities. More than 60 gilts and over 100 corporate bonds (tradable in denominations of £1,000 or similar) are available for trading on the electronic order book.
Another alternative is Hargreaves Lansdown. It currently offers access to several hundred corporate bonds issued by companies such as HSBC Holdings, Marks & Spencer Group, and National Grid. Many are only available over the phone, however. Saxo Markets is another broker that offers exposure to bonds. It currently offers access to more than 5,000 government and corporate bonds in Europe, US, Asia, Middle East and Latin America digitally.
| Bond Broker | Bonds Available | Bond Dealing Commission | Bond Account Fee | Customer Reviews | More Info |
|---|---|---|---|---|---|
| 1m+ | 0.1% - 0.015% | £0 | (Based on 1,330 reviews) | Visit Broker Capital at Risk | |
| 10,000+ | £7.99 - £3.99 | £4.99 Monthly | (Based on 1,119 reviews) | Visit Broker Capital at Risk | |
| 4,500 | 0.2% - 0.05% | 0.12% - 0.08% | (Based on 74 reviews) | Visit Broker Capital at Risk | |
| 10,000+ | £11.95 - £5.95 | 0.45% (£45 Annual Cap) | (Based on 1,759 reviews) | Visit Broker Capital at Risk | |
| 5,000+ | £9.95 - £4.95 | 0.25% (£3.50 Monthly Cap) | (Based on 1,094 reviews) | Visit Broker Capital at Risk |