Bonds | XSpot Markets | Asset Management & Multi Asset Brokerage
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Bonds

Instrument Specifications

General information

With XSpot, you have access to trade over 10,000 bonds both online and offline through our bonds desk. Please contact us at dealing@xspot.markets to see if we can trade the bond you want or if you require further information. Once we confirm that we can hold the bond you want, you will be able to place your trade(s) which will appear in your account summary and positions balance when settled, just like any other position.

Our team has pre-selected and added a range of the most active and liquid government and corporate bonds from Europe and the U.S to our XSpot PRO platform. For these products you can request to buy at either “Limit” or “Market” price as with any other products. Our order execution details for online and offline bonds can be found in our order execution policy.

Online trading

You will find a small range of the most active and liquid government and corporate bonds from Europe and US directly through our XSpot PRO platform. The bonds source delayed market data and our traders can place either “Limit” or “Market” orders directly through our platform.

 

Offline trading

If you can not find the bond you wish to trade in our XSpot PRO platform, please contact our bond desk at dealing@xspot.markets and enquire about the specific bond(s) you want to trade as it is most probable that we can make it accessible to trade.

Trading hours

You can place either a “Limit” or “Market” price order for any bond which you see online through our platform at any time. Please keep in mind that since all bond orders go through our bond desk, we can only execute your order(s) Monday to Friday between 09:30 to 17:30 excluding bank holidays.

Market Data

Currently XSpot PRO doesn’t offer live market data for bonds.

Charges

We charge 0.20% fee which is inclusive of execution and settlement with a minimum fee of EUR 70 for all primary government and corporate bonds.

Example: An investor wants to buy EUR 20,000 from PETROLEOS MEXICAN 5.5 24/2/2025 at 100.00, the total commission applied will be EUR 20 but as this is lower than the minimum fee, an extra EUR 50 will be applied bringing the total fee to our minimum stated EUR 70.

Note: Small issues or Exotic bonds may cause difficulty in sourcing liquidity. Should this be the case, our counterparties may request a higher fee but our bond desk will inform you well in advance of any applicable charges so that you may make a better informed decision.

Custody

We apply a custody fee of 0.15% + V.A.T (if applicable) when holding bonds with XSpot PRO with a minimum fee of EUR 5 per month for your entire account.

 

Example: You have a EUR 25,000 account with XSpot PRO holding EUR10,000 in a stock, 10,000 in a bond and EUR 5,000 cash balance. At the end of every month we charge ou 0.15% custody fee based on the days we held the instruments with us only. So if you held your trades for 20 days of the past month it means that you will be charged like this:

Charge for the EUR 5,000 = 0 (We don’t charge custody on cash)

Charge for the EUR 10,000 stock trade = (10,000 x 0.15% / 365) x 20 = EUR 0.82

Charge for the EUR 10,000 bond trade = (10,000 x 0.15% / 365) x 20 = EUR 0.82

Total amount is EUR 1.64 but less than the EUR 5 min so then minimum fee of EUR 5 will be applied.

Trading Conditions for bonds

Our bond desk is accepting either “Limit” or “Market” orders for the bonds you see in XSpot PRO or new bonds following your request to dealing@xspot.markets .

 

“Limit” order: For this type of order you will request a price which might be available or not at the time of request in the order book of the market. Our dealing room will check the order books of our counterparties and try to find the best price. They will then contact you to confirm and finalise the order online. Please find more about order types of bonds in our order execution policy.

 

“Market” order: With “Market” order your instruction is to be filled ‘at market’. Our dealing desk though will always check the order book of our counter parties and contact you in order to proceed with execution.

 

All bond ‘Limit’ orders are GTC day orders meaning that if we don’t find the price you want on the day you gave your order, your order will be cancelled at the end of trading day.

Bonds

 

General information

With XSpot, you have access to trade over 10,000 bonds both online and offline through our bonds desk. Please contact us at dealing@xspot.markets to see if we can trade the bond you want or if you require further information. Once we confirm that we can hold the bond you want, you will be able to place your trade(s) which will appear in your account summary and positions balance when settled, just like any other position.

Our team has pre-selected and added a range of the most active and liquid government and corporate bonds from Europe and the U.S to our XSpot PRO platform. For these products you can request to buy at either “Limit” or “Market” price as with any other products. Our order execution details for online and offline bonds can be found in our order execution policy.

Online trading

You will find a small range of the most active and liquid government and corporate bonds from Europe and US directly through our XSpot PRO platform. The bonds source delayed market data and our traders can place either “Limit” or “Market” orders directly through our platform.

 

Offline trading

If you can not find the bond you wish to trade in our XSpot PRO platform, please contact our bond desk at dealing@xspot.markets and enquire about the specific bond(s) you want to trade as it is most probable that we can make it accessible to trade.

Trading hours

You can place either a “Limit” or “Market” price order for any bond which you see online through our platform at any time. Please keep in mind that since all bond orders go through our bond desk, we can only execute your order(s) Monday to Friday between 09:30 to 17:30 excluding bank holidays.

Market Data

Currently XSpot PRO doesn’t offer live market data for bonds.

Charges

We charge 0.20% fee which is inclusive of execution and settlement with a minimum fee of EUR 70 for all primary government and corporate bonds.

Example: An investor wants to buy EUR 20,000 from PETROLEOS MEXICAN 5.5 24/2/2025 at 100.00, the total commission applied will be EUR 20 but as this is lower than the minimum fee, an extra EUR 50 will be applied bringing the total fee to our minimum stated EUR 70.

Note: Small issues or Exotic bonds may cause difficulty in sourcing liquidity. Should this be the case, our counterparties may request a higher fee but our bond desk will inform you well in advance of any applicable charges so that you may make a better informed decision.

Custody

We apply a custody fee of 0.15% + V.A.T (if applicable) when holding bonds with XSpot PRO with a minimum fee of EUR 5 per month for your entire account.

 

Example: You have a EUR 25,000 account with XSpot PRO holding EUR10,000 in a stock, 10,000 in a bond and EUR 5,000 cash balance. At the end of every month we charge ou 0.15% custody fee based on the days we held the instruments with us only. So if you held your trades for 20 days of the past month it means that you will be charged like this:

Charge for the EUR 5,000 = 0 (We don’t charge custody on cash)

Charge for the EUR 10,000 stock trade = (10,000 x 0.15% / 365) x 20 = EUR 0.82

Charge for the EUR 10,000 bond trade = (10,000 x 0.15% / 365) x 20 = EUR 0.82

Total amount is EUR 1.64 but less than the EUR 5 min so then minimum fee of EUR 5 will be applied.

Trading Conditions for bonds

Our bond desk is accepting either “Limit” or “Market” orders for the bonds you see in XSpot PRO or new bonds following your request to dealing@xspot.markets .

 

“Limit” order: For this type of order you will request a price which might be available or not at the time of request in the order book of the market. Our dealing room will check the order books of our counterparties and try to find the best price. They will then contact you to confirm and finalise the order online. Please find more about order types of bonds in our order execution policy.

 

“Market” order: With “Market” order your instruction is to be filled ‘at market’. Our dealing desk though will always check the order book of our counter parties and contact you in order to proceed with execution.

 

All bond ‘Limit’ orders are GTC day orders meaning that if we don’t find the price you want on the day you gave your order, your order will be cancelled at the end of trading day.

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