Compare Interactive Brokers vs Vanguard


Online brokers compared for fees, trading platforms, safety and more. See how Interactive Brokers stacks up against Vanguard!

Interactive Brokers vs Vanguard
overall rating
4.9
4.3
overall pros
  • Low trading fees
  • Wide range of products
  • Many great research tools
  • Some ETFs and mutual funds are free to trade
  • Easy account opening
  • Great mobile trading platform
overall cons
  • Complicated account opening process
  • Complex desktop trading platform
  • High forex fees
  • Only the US market covered
  • Basic research tools
  • High financing rates (margin rates)
fees
4.2
  • Low trading fees
  • Free stock and ETF trading for US clients
  • Low margin rates
  • Inactivity fee
3.7
  • No inactivity fee
  • Free ETF trading
  • Some mutual funds and bonds are free to trade
  • High margin rates
  • High fees for non-free mutual funds
account opening
3.4
  • Fully digital
  • No minimum deposit for most account types
  • Not user-friendly
  • Confusing messages throughout the process
4.4
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Slow account opening time
deposit and withdrawal
3.5
  • No deposit fee
  • Several account base currencies
  • First withdrawal each month free
  • Credit/Debit card not available
2.4
  • No deposit fee
  • User-friendly
  • Free withdrawal (via ACH)
  • Credit/Debit card not available
  • $10 for wire transfer withdrawals
web trading platform
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
3.4
  • Clear fee report
  • Two-step (safer) login
  • Price alerts
  • Limited customizability (for charts, workspace)
  • Some features are hard to find
mobile trading platform
3.8
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • User interface is a bit complex
4.4
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No price alerts
  • Options and bond trading are not available
desktop trading platform
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Too complex for beginners
markets and products
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • Warrants
  • Structured Products
2.8
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
3.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
2.3
  • Trading ideas
  • Data on asset fundamentals
  • User-friendly
  • Limited interactive charting
  • Limited set of research tools
customer service
3.4
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
  • Slow support
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Courses only available after registration
3.5
  • Educational videos
  • Good educational tools
  • No demo account
  • No trading platform tutorial videos
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by top-tier financial authorities
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Traders looking for low fees and a professional trading environment Long-term investors who are looking for great ETF and mutual fund offers
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