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To help you to find the best online broker for bonds in the US in 2022, we went ahead and did the research for you. First, we looked at the 100 quality online brokers that we cover, then we narrowed the list by checking their trading and non-trading fees, focusing in this case on bond fees and inactivity fees. We also examined how safe they are. Let's see the winners!

Our top 5 picks for the best online brokers for bonds in the US in 2022:

  1. Charles Schwab is the winner.
  2. TD Ameritrade takes second place.
  3. E*TRADE rounds out the top three.
  4. Interactive Brokers came in fourth.
  5. Fidelity just made the list at number five.
Best online brokers for bonds in the US in 2022
Broker Description Bond fee class
#1 Charles Schwab US discount broker Low Visit broker
#2 TD Ameritrade US-based stockbroker Low Visit broker
#3 E*TRADE US stockbroker Low Visit broker
#4 Interactive Brokers International broker providing all asset classes Low Visit broker
#5 Fidelity US stockbroker Low Visit broker

What makes a good online broker for bond investing?

  • Fair fees for bonds
  • Wide selection of bonds
  • Low or no inactivity fee
  • Safety

We should also mention that an alternative to buying bonds directly is buying a bond ETF. For example, if you buy an 'Emerging markets bond ETF', you'll get exposure to lots of bonds issued by various governments that are considered emerging markets.

To learn more about ETFs, be sure to check our article How to buy ETFs online.

If you want to learn more about bonds, make sure to check our article What is a bond?

And now, let's see the best bond brokers in the US one by one, starting with the winner, Charles Schwab.

Charles Schwab Logo

#1 Best online broker
Charles Schwab

4.7

Charles Schwab is a US discount broker that was founded in 1971 and is listed on the New York Stock Exchange.

It is regulated by several top-tier financial authorities, such as the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Pros Cons
Free stock and ETF trading High fees for some mutual funds
Outstanding research Only US/Canada markets available
Great customer service

Visit broker

#1 Charles Schwab
Fees

Charles Schwab has low fees when it comes to buying and selling bonds.
Charles Schwab bond fees
Charles Schwab TD Ameritrade E*TRADE Interactive Brokers Fidelity
Bond fee class Low Low Low Low Low
US Treasury bond $0.0 $0.0 $0.0 $5.0 $0.0
EU government bond - - - $10.0 -
Inactivity fee No No No No No

Visit broker More

#1 Charles Schwab
Markets and products

Charles Schwab bond selection
Charles Schwab TD Ameritrade E*TRADE Interactive Brokers Fidelity
Bonds (#) 60,000 40,000 88,000 60,000 115,000
Charles Schwab products other than bonds
Charles Schwab TD Ameritrade E*TRADE Interactive Brokers Fidelity
Stocks Yes Yes Yes Yes Yes
ETFs Yes Yes Yes Yes Yes
Forex No Yes No Yes No
Funds Yes Yes Yes Yes Yes
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes Yes No
CFDs No No No Yes No
Crypto Yes Yes Yes Yes No

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TD Ameritrade Logo

#2 Best online broker
TD Ameritrade

4.7

If you are an experienced trader looking for solid research and a well-equipped desktop trading platform, we definitely recommend TD Ameritrade.

Founded in 1975, TD is one of the biggest US-based stockbrokers and is regulated by top-tier authorities like the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading Commission (CFTC).

This online broker is considered safe as it has a long track record, is listed on a stock exchange, has a banking background, discloses its financials and is overseen by top-tier regulators.

Pros Cons
Low trading fees (free stock and ETF trading) You can trade only on US markets
Superb desktop trading platform Accounts mostly limited to US residents
Great customer support No credit/debit cards and electronic wallets for money transfer

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#2 TD Ameritrade
Fees

TD Ameritrade has low fees when it comes to buying and selling bonds.
TD Ameritrade bond fees
Charles Schwab TD Ameritrade E*TRADE Interactive Brokers Fidelity
Bond fee class Low Low Low Low Low
US Treasury bond $0.0 $0.0 $0.0 $5.0 $0.0
EU government bond - - - $10.0 -
Inactivity fee No No No No No

Visit broker More

#2 TD Ameritrade
Markets and products

TD Ameritrade bond selection
Charles Schwab TD Ameritrade E*TRADE Interactive Brokers Fidelity
Bonds (#) 60,000 40,000 88,000 60,000 115,000
TD Ameritrade products other than bonds
Charles Schwab TD Ameritrade E*TRADE Interactive Brokers Fidelity
Stocks Yes Yes Yes Yes Yes
ETFs Yes Yes Yes Yes Yes
Forex No Yes No Yes No
Funds Yes Yes Yes Yes Yes
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes Yes No
CFDs No No No Yes No
Crypto Yes Yes Yes Yes No

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E*TRADE Logo

#3 Best online broker
E*TRADE

4.7

E*TRADE is a US-based stockbroker founded in 1982. It is regulated by top-tier financial authorities such as the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

E*TRADE is considered safe because it has a long track record, is listed on a stock exchange, has a banking background, discloses its financials, and is overseen by top-tier US regulators.

In February 2020, E*TRADE was acquired by Morgan Stanley. To find out more about the motives behind the acquisition and about the wider market context, check out this article we wrote about the deal.

Pros Cons
Low trading fees (free stock and ETF trading) Only US markets, no forex
User-friendly mobile trading platform Only bank transfer
Great research tools Slow live chat

Visit broker

#3 E*TRADE
Fees

E*TRADE has low fees when it comes to buying and selling bonds.
E*TRADE bond fees
Charles Schwab TD Ameritrade E*TRADE Interactive Brokers Fidelity
Bond fee class Low Low Low Low Low
US Treasury bond $0.0 $0.0 $0.0 $5.0 $0.0
EU government bond - - - $10.0 -
Inactivity fee No No No No No

Visit broker More

#3 E*TRADE
Markets and products

E*TRADE bond selection
Charles Schwab TD Ameritrade E*TRADE Interactive Brokers Fidelity
Bonds (#) 60,000 40,000 88,000 60,000 115,000
E*TRADE products other than bonds
Charles Schwab TD Ameritrade E*TRADE Interactive Brokers Fidelity
Stocks Yes Yes Yes Yes Yes
ETFs Yes Yes Yes Yes Yes
Forex No Yes No Yes No
Funds Yes Yes Yes Yes Yes
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes Yes No
CFDs No No No Yes No
Crypto Yes Yes Yes Yes No

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Interactive Brokers Logo

#4 Best online broker
Interactive Brokers

4.9

Interactive Brokers review summary

 

Interactive Brokers, one of the biggest US-based discount brokers, was founded in 1978. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

Given that the broker has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. The fact that it has a long track record and publicly disclosed financials while being listed on a stock exchange all point to IB being a safe service provider.

Pros Cons
Low trading fees Complicated account opening process
Wide range of products Complex desktop trading platform
Many great research tools Understaffed customer service

Visit broker

#4 Interactive Brokers
Fees

Interactive Brokers has low fees when it comes to buying and selling bonds.
Interactive Brokers bond fees
Charles Schwab TD Ameritrade E*TRADE Interactive Brokers Fidelity
Bond fee class Low Low Low Low Low
US Treasury bond $0.0 $0.0 $0.0 $5.0 $0.0
EU government bond - - - $10.0 -
Inactivity fee No No No No No

Visit broker More

#4 Interactive Brokers
Markets and products

Interactive Brokers bond selection
Charles Schwab TD Ameritrade E*TRADE Interactive Brokers Fidelity
Bonds (#) 60,000 40,000 88,000 60,000 115,000
Interactive Brokers products other than bonds
Charles Schwab TD Ameritrade E*TRADE Interactive Brokers Fidelity
Stocks Yes Yes Yes Yes Yes
ETFs Yes Yes Yes Yes Yes
Forex No Yes No Yes No
Funds Yes Yes Yes Yes Yes
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes Yes No
CFDs No No No Yes No
Crypto Yes Yes Yes Yes No

Visit broker More

Fidelity Logo

#5 Best online broker
Fidelity

4.7

Fidelity is a US stockbroker founded in 1946. It is regulated by top-tier authorities like the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Fidelity is considered safe because it has a long track record and is regulated by top-tier financial authorities.

Pros Cons
Commission-free US stocks and ETFs High mutual fund fees and margin rates
Great trading platforms and research Slower account verification
US and international stocks No crypto&futures

Visit broker

#5 Fidelity
Fees

Fidelity has low fees when it comes to buying and selling bonds.
Fidelity bond fees
Charles Schwab TD Ameritrade E*TRADE Interactive Brokers Fidelity
Bond fee class Low Low Low Low Low
US Treasury bond $0.0 $0.0 $0.0 $5.0 $0.0
EU government bond - - - $10.0 -
Inactivity fee No No No No No

Visit broker More

#5 Fidelity
Markets and products

Fidelity bond selection
Charles Schwab TD Ameritrade E*TRADE Interactive Brokers Fidelity
Bonds (#) 60,000 40,000 88,000 60,000 115,000
Fidelity products other than bonds
Charles Schwab TD Ameritrade E*TRADE Interactive Brokers Fidelity
Stocks Yes Yes Yes Yes Yes
ETFs Yes Yes Yes Yes Yes
Forex No Yes No Yes No
Funds Yes Yes Yes Yes Yes
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes Yes No
CFDs No No No Yes No
Crypto Yes Yes Yes Yes No

Visit broker More

Best online brokers for bonds in the US
What makes a good broker for bonds?

Now that we have seen the top 5 brokers for bonds, you're probably curious how we put together this list. Let's go through a few points quickly.

How did BrokerChooser pick the best brokers for bonds?

At BrokerChooser, we test online brokers along close to 500 criteria, using real accounts and real money. We don't want to overwhelm you, so we'll list just a few important criteria that we considered when finding the best brokers for bonds.

  • Trading fees charged for bonds
  • Non-trading fees such as inactivity fee
  • Wide range of products, especially bonds
  • Broker safety

Best online brokers for bonds in the US
Bottom line

You saw the details, now let's zoom out again. Here are the best online brokers for bonds in the US in 2022:

Best online brokers for bonds in the US for 2022
Charles Schwab TD Ameritrade E*TRADE Interactive Brokers Fidelity
Bond fee class Low Low Low Low Low
Bonds (#) 60,000 40,000 88,000 60,000 115,000
Inactivity fee No No No No No
Visit broker Visit broker Visit broker Visit broker Visit broker

Charles Schwab is our winner, the best online broker for bonds in the US. Free stock and ETF trading. Outstanding research. Great customer service.
All of these brokers are considered a great choice. Pick the winner or any runner-up, and take the next step in your investment journey. Let us know what you think in the comments section.
Still unsure? For a tailored recommendation, use our broker finder tool to find the best online broker for you; or learn more about investing in bonds.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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