We found 11 online brokers that are appropriate for Trading Premium Bond Alternative Platforms.
Premium bonds pique your interest if you're looking for an alternative savings account. Premium bonds are renowned for their security and the possibility of winning tax-free cash prizes, making them an exceptional method for saving money. But how exactly do they work? Are they a safe investment option? What happens if you win a premium bond prize? In this guide, we'll explore the ins and outs of premium bonds, how they compare to traditional savings accounts, and whether they're worth considering for your financial goals. Discover how premium bonds work, the chances of winning, the savings interest rates, are premium bonds safe and more.
In the UK, premium bonds are an investment product offered by National Savings and Investments (NS&). When you purchase premium bonds, your money is pooled with other investors' funds and used to buy bonds issued by the government. Rather than earning interest, your investment is entered into a monthly prize draw, allowing you to win tax-free cash prizes. The prizes are funded by the interest generated from all the bonds in the pool. Each bond you own is assigned a unique number, and if your number is selected, you win a prize.
Investing in premium bonds has several potential benefits. Firstly, there is the opportunity to win tax-free cash prizes in the monthly prize draw. It can appeal to individuals who enjoy the excitement of a lottery-style investment. Also, premium bonds are considered safe investments since the UK government backs them. It provides peace of mind for investors concerned about the security of their funds. Furthermore, premium bonds offer flexibility, as you can cash them anytime without penalties or fees, providing access to your money when needed.
The minimum investment required to buy premium bonds is £25. It means you can purchase premium bonds in multiples of £25, starting from this minimum amount. The minimum investment threshold allows individuals with different budgets to participate in the premium bonds scheme. Whether you invest a small or large amount, each bond has an equal potential of winning a prize in the monthly draw. It makes premium bonds accessible to a wide range of investors who wish to participate in the potential rewards offered by this investment product.
Premium bond prizes are determined through a monthly prize draw. The draw is conducted by an electronic random number indicator known as ERNIE. Each bond is assigned a unique number, and the draw randomly selects bond numbers. The number of prizes awarded each month is determined by the size of the prize, which is based on the total value of all premium bonds in circulation. The number of bonds in the draw influences the chances of winning a prize. The more bonds you own, the greater your chances of winning, but it depends on luck, as the draw is random.
Premium bonds are generally considered a safe investment option. They are backed by the UK government, which means that the repayment of your initial investment is secure. Additionally, the prizes you can win are not affected by market fluctuations or changes in interest rates. While there is a chance of not winning any prizes, your investment is not at risk of losing value. However, it's important to note that premium bonds do not offer a guaranteed return like some other investments, and the value of your investment may be eroded over time due to inflation.
The return on premium bonds differs from traditional investments that provide regular interest payments. With premium bonds, the return comes in the form of potential tax-free cash prizes won in the monthly draw. The average return on premium bonds, known as the prize rate, represents the proportion of the annual prize fund distributed as prizes. However, it's important to note that the return on premium bonds is not guaranteed. While some investors may win significant prizes, others may not win anything at all. Therefore, comparing the return on premium bonds directly to other investment options that offer more predictable and regular returns is challenging.
One of the appealing aspects of premium bonds is that any prizes you win are tax-free. Unlike interest earned on savings accounts or other investments, you do not have to pay income or capital gains tax on premium bond prizes. It can be advantageous for individuals seeking tax-efficient ways to grow their savings. However, it's important to note that premium bond prizes still count towards your overall tax position, which may affect other areas of your financial affairs. Therefore, it's always advisable to consult with a tax professional to understand the full implications based on your circumstances.
Premium bonds can be cashed in at any time, providing you with access to your money when needed. There are no penalties or charges for early withdrawal. If you decide to cash in your premium bonds, you can do so by contacting NS& directly or using their online services. The process is straightforward, and the funds will be transferred to your nominated bank account. It's important to note that once you cash in your premium bonds, you will no longer be eligible to join the prize draw. Therefore, considering your options carefully before deciding to cash in your investment is worth it.
Premium bonds can be suitable for both short-term and long-term investments. They offer flexibility since you can cash them in without penalty. It makes them a viable option for individuals who may need access to their funds in the short term. However, to increase the chances of winning prizes, some investors hold their premium bonds for extended periods. The longer you hold premium bonds, the more opportunities you have to participate in the monthly draws and potentially win prizes.
For investors prioritising risk mitigation, premium bonds can be an excellent choice. These bonds are deemed secure since they are issued by the UK government and backed by the HM Treasury. The principal investment in premium bonds is secure, and while there is no guaranteed return, there is a chance to win tax-free cash prizes. Premium bonds offer a unique opportunity for risk-averse investors who prioritise capital preservation and are willing to forgo traditional interest earnings. They provide the potential for growth through the prize draw without subjecting the investment to market volatility or risking the principal amount.
Premium bonds, in themselves, do not directly protect against inflation. The return on premium bonds is not linked to inflation rates. However, the potential to win tax-free cash prizes can help maintain the purchasing power of your investment. In times of rising costs and inflation, the tax-free prizes won through the premium bond draw can provide an extra source of income that is not eroded by taxes. While premium bonds may not offer a guaranteed hedge against inflation, they can be part of a diversified investment portfolio that aims to offset the effects of inflation over the long term.
No limitations exist on the number of premium bonds an individual can own. You can purchase premium bonds according to your preferences and financial capabilities. There are no restrictions, whether you hold a few bonds or a substantial number. More premium bonds can increase your chances of winning the monthly prize draw. Each bond has an equal opportunity to be selected by the random number indicator equipment (ERNIE) during the draw. Therefore, owning more premium bonds can enhance your chances of winning cash prizes.
If a premium bond is lost or stolen, immediately contact the official provider, National Savings and Investments (NS& I). NS&, I will guide you through replacing the lost or stolen bond. They will ensure your bond is cancelled and a replacement is issued to safeguard your investment. It is essential to keep your premium bond details secure and inform NS& promptly in the unfortunate event of loss or theft to protect your investment and prevent unauthorised access to the bond.
Premium bond prizes are not automatically reinvested into purchasing additional premium bonds. You can cash it or leave it in your premium bonds account if you win a prize. If you choose to leave the prize in your account, it will be included in future draws, and you can win more prizes. However, if you prefer to reinvest the prize, you must manually purchase additional premium bonds using the cash you have received from the prize.
Premium bonds can be worth considering as part of a retirement planning strategy. They offer the potential to win tax-free cash prizes, which can supplement your retirement income. However, the suitability of premium bonds for retirement planning depends on your circumstances and goals. As premium bonds do not provide guaranteed regular income or interest payments, they should be viewed as a potential source of additional funds rather than a primary retirement investment. D diversifying your retirement portfolio with a mix of assets is essential to ensure financial security during your retirement years.
Purchasing premium bonds is a straightforward process. You can buy them directly from National Savings and Investments (NS&) through their official website, phone, or post. To buy premium bonds online, you must have a valid UK bank account and be over 16 years of age. The managing process of premium bonds involves keeping track of your bond numbers, checking for any prize wins in the monthly draws, and deciding whether to cash in or reinvest any prizes. NS& provides an online portal to manage your premium bonds account, view transaction history, and update personal details.
The historical performance of premium bonds can be evaluated based on the average rate of return, also known as the prize rate. The prize rate represents the annual return on premium bonds and the percentage of the total prize fund distributed as prizes. However, it's important to note that the return on premium bonds is not guaranteed. Some investors may win significant prizes, while others may not win anything at all. The performance of premium bonds varies depending on luck and chance. Therefore, they do not provide consistent returns like traditional interest-bearing investments such as savings accounts or fixed-income securities.
There are no fees or charges associated with owning premium bonds. When you buy premium bonds, the entire amount of your investment goes towards purchasing the bonds. There are no upfront fees, transaction fees, or ongoing charges. However, it's important to note that premium bonds do not earn interest like traditional savings accounts. While there are no fees for owning premium bonds, the opportunity cost lies in the potential interest earnings that could be generated from other savings or investment products. It's advisable to consider the trade-off between potential prize winnings and interest earnings when evaluating the suitability of premium bonds for your financial goals.
Premium bonds offer a safe and secure way to save money while having the chance to win tax-free cash prizes. With the backing of the financial services compensation scheme, buying premium bonds directly from national savings provides peace of mind. While the interest rate may be lower than other savings products, the annual prize fund rate and the potential to win larger prizes make it an appealing option. Premium bonds are suitable for both regular account holders and those looking to put a medium value of savings aside. Whether you're a basic rate taxpayer or have a cash ISA, premium bonds offer a unique opportunity to increase your winnings potentially.
We have conducted extensive research and analysis on over multiple data points on Are premium bonds worth it? to present you with a comprehensive guide that can help you find the most suitable Are premium bonds worth it?. Below we shortlist what we think are the best Premium Bond Alternative Trading Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Are premium bonds worth it?.
Selecting a reliable and reputable online Premium Bond Alternative Trading Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Premium Bond Alternative Trading Platforms more confidently.
Selecting the right online Premium Bond Alternative Trading Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Premium Bond Alternative Trading Platforms trading, it's essential to compare the different options available to you. Our Premium Bond Alternative Trading Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Premium Bond Alternative Trading Platforms broker that best suits your needs and preferences for Premium Bond Alternative Trading Platforms. Our Premium Bond Alternative Trading Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Premium Bond Alternative Trading Platforms.
Compare Premium Bond Alternative Trading Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Premium Bond Alternative Trading Platforms broker, it's crucial to compare several factors to choose the right one for your Premium Bond Alternative Trading Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Premium Bond Alternative Trading Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Premium Bond Alternative Trading Platforms that accept Premium Bond Alternative Trading Platforms clients.
Broker |
IC Markets
![]() |
Roboforex
![]() |
eToro
![]() |
XTB
![]() |
XM
![]() |
Pepperstone
![]() |
AvaTrade
![]() |
FP Markets
![]() |
EasyMarkets
![]() |
SpreadEx
![]() |
FXPro
![]() |
---|---|---|---|---|---|---|---|---|---|---|---|
Rating | |||||||||||
Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) |
Min Deposit | 200 | 10 | 50 | No minimum deposit | 5 | No minimum deposit | 100 | 100 | 25 | No minimum deposit | 100 |
Funding |
|
|
|
|
|
|
|
|
|
|
|
Used By | 200,000+ | 730,000+ | 35,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 7,800,000+ |
Benefits |
|
|
|
|
|
|
|
|
|
|
|
Accounts |
|
|
|
|
|
|
|
|
|
|
|
Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) |
Support |
|
|
|
|
|
|
|
|
|
|
|
Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with etoro |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with easymarkets |
Sign
Up with spreadex |
Sign
Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 61% of retail investor accounts lose money when trading CFDs with this provider. | 69% - 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | 65% of retail CFD accounts lose money | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, AO, BR, HR, GL, IS, IM, JM, FM, MC, NG, SI, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Premium Bond Alternative Trading Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Premium Bond Alternative Trading Platforms for 2025 article further below. You can see it now by clicking here
We have listed top Premium Bond Alternative Trading Platforms below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.