WiseAlpha Review: Buy bonds you can’t afford with fractional bond notes

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WiseAlpha say they are an award-winning online investment platform that liberates a multi-trillion-dollar market for the masses.

Customer Reviews

4.7

181 Good Money Guide reviewers have given this provider an average rating of 4.7 out of 5 based on their genuine experience.

Excellent83%
Very good7%
Average6%
Poor3%
Terrible1%

Leave a review and tell us what you think of this company to help others make more informed financial decisions.

5/5

14th January 2022

Pros:

simplicity

GMG Awards Voter: [13260522227]

5/5

14th January 2022

Pros:

Trade bonds in smaller sizes

GMG Awards Voter: [13260503507]

5/5

14th January 2022

Pros:

Only way to by bonds as consumer

Cons:

improve website

GMG Awards Voter: [13260468953]

5/5

14th January 2022

Pros:

Unique niche market.

GMG Awards Voter: [13260434881]

5/5

14th January 2022

Pros:

Access to high-yield corporate bonds, can buy fractional bonds

Cons:

Provide mobile app

GMG Awards Voter: [13260408077]

5/5

14th January 2022

Pros:

Security

GMG Awards Voter: [13260344844]

5/5

14th January 2022

Pros:

Asset class offered

Cons:

Can’t think of anything

GMG Awards Voter: [13260326208]

5/5

14th January 2022

Pros:

Specialised product for general public

GMG Awards Voter: [13260324337]

5/5

14th January 2022
GMG Awards Voter: [13260265324]

5/5

14th January 2022

Pros:

Access investments that would not usually be available

GMG Awards Voter: [13260248559]

5/5

14th January 2022

Pros:

Provides access to an asset class I could not otherwise invest in (directly)

Cons:

Better news feed

GMG Awards Voter: [13260213838]

3/5

14th January 2022
GMG Awards Voter: [13260205538]

5/5

14th January 2022
GMG Awards Voter: [13260204924]

5/5

14th January 2022

Pros:

Access to corporate bonds on an innovative platform

Cons:

Bring back the offer of ISAs

GMG Awards Voter: [13260179924]

5/5

14th January 2022

Pros:

Good income stream

Cons:

Sell my equity holdings that I ended up with

GMG Awards Voter: [13260155985]

5/5

14th January 2022

Pros:

Access to a new class of asset

Cons:

Nothing – they are brilliant

GMG Awards Voter: [13260129912]

5/5

14th January 2022

Pros:

Innovative option and access to an otherwise closed market

Cons:

More people getting access to the marketplace

GMG Awards Voter: [13260111751]

5/5

14th January 2022

Pros:

Easy to use platform

Cons:

none

GMG Awards Voter: [13260098308]

5/5

14th January 2022

Pros:

The only provider in this area.

Cons:

Market more.

GMG Awards Voter: [13260092597]

5/5

14th January 2022

Pros:

Ease of use

GMG Awards Voter: [13260088280]

WiseAlpha Expert Review

WiseAlpha Review

Name: WiseAlpha

Description: WiseAlpha is an online investment platform that enables UK investors to invest in fractional corporate bonds. Its aim is to make bonds – which traditionally were only accessible to large institutional investors due to high minimum transaction levels (£100k+) – more accessible to private investors.

Summary

For those looking for more adventurous bond investments, WiseAlpha lets you invest in bonds with high minimum deposits you wouldn’t ordinarily be able to access.

Pros

  • Extensive high-yield bond access
  • Good educational material
  • Easy to use

 

Cons

  • OTC product
  • No FSCS coverage
  • For sophisticated investors only
  • Pricing
    (4)
  • Market Access
    (4)
  • Online Platform
    (4)
  • Customer Service
    (4)
  • Research & Analysis
    (4)
Overall
4

WiseAlpha Alternatives

For those looking to invest in corporate bonds, there are a number of alternatives to WiseAlpha.

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 BrokerBonds AvailableBond Dealing CommissionBond Account FeeGMG RatingMore Info
Interactive Brokers bond trading platform1m+0.1% to 0.015% depending on volume£0
(4.5)
Visit Broker
Capital at Risk
Saxo Markets bond trading platform4,5000.2% to 0.05% on Government bonds depending on account type0.12% or 0.08% for VIP accounts
(4.3)
Visit Broker
Capital at Risk
Hargreaves Lansdown bond investing platform10,000+£11.95 (or £5.95 if more than 20 deals done in previous month)0.45% capped at £45 per annum
(3.9)
Visit Broker
Capital at Risk
Interactive Investor bond investing platform10,000+£7.99 or £3.99 for "Super Investors"£4.99 a month
(3.9)
Visit Broker
Capital at Risk
AJ Bell Youinvest bond investing platform5,000+£9.95 (or £4.95, if you do 10 or more online deals in the previous month)0.25% capped at £3.50 per month
(3.9)
Visit Broker
Capital at Risk
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