Trading Bonds

Competitive pricing

Standard commission rates that can move lower as you trade more.

Trade bonds digitally

Get direct access to tier 1 liquidity and receive the best spreads with minimal mark-up.

User friendly platform

Trade bonds from the same platform as other assets. Use your bond holdings as collateral for margin trading.

Professional service

Online, email or by phone and exclusive personal service for our active traders.

Utilitize fully digital bond execution

Low spreads

Orders are routed straight to a digital dealer auction, where the top end of 50+ liquidity providers compete for your order and return the best possible price for an instant trade.

Low commissions

With direct electronic access to liquidity providers, we eliminate manual processes across the value chain of traditional bond trading – so that you can benefit from significantly lower commissions.

Tier 1 liquidity

Liquidity sourced from our network of more than 50+ Tier-1 liquidity providers in the global OTC market, covering the US, EU and emerging markets including LATAM, APAC and MENA.

Bonds FAQs

Educational material

To learn more about Bonds visit our Education tab by clicking here.

Minimum trade size

Bonds have different minimum trading sizes which can be as high as 50k, 100k or 200k in the relevant currency. You can see the minimum trading sizes and increment on each bond under account > Trading conditions as well as on the trade ticket. However, there are bonds which trade in lower sizes, which may also be available (a minimum limit of 10k in € or $ on all online bonds).

Trading hours for online trading

Bonds can be traded online 24/5 if the relevant underlying bond market is open. Trading hours will be limited to the daylight hours where liquidity in the relevant underlying bond market is best (i.e. European government bonds are open for trading in European hours).

Digital bond trading

A wide range of the most active and liquid government and corporate bonds in Europe, US, Asia, the Middle East and Africa, as well as a limited number of Latin American bonds – in total more than 5000 bonds – are available for online bond trading.

Understanding your account

Net Free Equity Definition

Your Net Free Equity is:

The cash balance of your main trading account
Plus or minus any unrealised profits or losses from open CFDs, FX Forwards and Futures on your main trading account
Plus the market value of any FX Options on your main trading account
Minus any margin required for financing open positions on your main trading account and sub-accounts

Net Free Equity margin financing

The margin financing requirement may differ from the trading margin requirement.

To avoid paying overdraft interest on your account you are required to hold sufficient cash collateral ensuring a positive Net Free Equity Balance.

Account Value definition

Account Value of your sub-account is:

The value dated cash balance of the account
Plus or minus the value of any unrealised profits or losses from open CFDs, FX Forwards and Futures on the account
Plus the market value of any FX Options on the account

Inactivity Fee

Propex24 does not charge an inactivity fee on your account.

24 hours

6 Middlemiss Street

(02) 8231 3650