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

22nd August 2020

Pros:

access to bonds

Cons:

access to bonds

GMG Awards Voter: [11924625619]

5/5

22nd August 2020

Pros:

Opened up a new and important investment category to retail investors

Cons:

Mobile apps

GMG Awards Voter: [11924338328]

3/5

22nd August 2020

Pros:

Not sure

Cons:

Better app

GMG Awards Voter: [11924225414]

5/5

22nd August 2020

Pros:

Robowise, allows portfolio diversification

Cons:

More bonds

GMG Awards Voter: [11924028050]

2/5

21st August 2020
GMG Awards Voter: [11923391506]

2/5

21st August 2020
GMG Awards Voter: [11923306331]

5/5

21st August 2020

Pros:

Unique product for access to bond market

Cons:

And API and ISA

GMG Awards Voter: [11923255481]

4/5

21st August 2020
GMG Awards Voter: [11923119261]

5/5

21st August 2020

Pros:

Ease of use

GMG Awards Voter: [11922215989]

5/5

21st August 2020

Pros:

A real niche in the market, an uncovered gem when it comes to investing

Cons:

More payment options, DD set up etc

GMG Awards Voter: [11922112685]

4/5

21st August 2020
GMG Awards Voter: [11922041967]

3/5

21st August 2020

Pros:

Not sure…

Cons:

Better platform

GMG Awards Voter: [11922040830]

4/5

21st August 2020

Pros:

Ease of use

Cons:

More addition of bonds

GMG Awards Voter: [11921963864]

4/5

21st August 2020

Pros:

Easy platform

GMG Awards Voter: [11921946548]

5/5

21st August 2020

Pros:

Unique asset class

Cons:

Add ISA

GMG Awards Voter: [11921829999]

5/5

21st August 2020
GMG Awards Voter: [11921749369]

5/5

21st August 2020

Pros:

Product offer

GMG Awards Voter: [11921687652]

2/5

21st August 2020

Pros:

No thoughts

Cons:

Better education of bonds

GMG Awards Voter: [11921665861]

Guillaume @ 03/25/2020 06:22

25th March 2020

Great way to diversify your portfolio! It’s great being able to access corporate bonds at a fraction of the minimum ticket size usually required by wealth managers.

I’ve been using WiseAlpha’s platform for over 2 years now and can absolutely recommend the product! The team is first-class too, very responsive and customer-focused.

Guillaume

simon @ 03/18/2020 01:43

23rd March 2020

I was fed up with low interest rates on savings accounts and came across this platform and gave it a go. Haven’t looked back and I think it’s a great concept. Definitely recommend it.

simon

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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