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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
4.8 / 5.0
4.2 / 5.0
overall pros
  • Broad product portfolio
  • Low fees
  • Great and diverse research tools
  • Free ETFs and low non-trading fees
  • Easy account opening
  • Great mobile trading platform
overall cons
  • Funding and withdrawal only through bank transfer
  • Complicated account opening process
  • Not user-friendly and complicated desktop trading platform
  • No credit/debit cards and electronic wallets for money transfer
  • Only US market covered
  • Basic research tools
fees
4 stars
  • Low trading fees
  • Transparent fee structure
  • Inactivity fee
3 stars
  • No withdrawal fee
  • No inactivity fee
  • Free ETFs, some mutual funds and some bonds are free too
  • High financing rate
  • Higher fees for stocks, options, and mutual funds
account opening
3 stars
  • Fully digital
  • No minimum deposit for most accounts
  • Slow
  • Not user-friendly
  • Confusing messages throughout the process
4 stars
  • Fully digital
  • No minimum deposit
  • User-friendly
  • 2-3 business days account opening
deposit and withdrawal
2 stars
  • Several account base currencies
  • No charge for the first withdrawal each month
  • Credit/Debit card not available
  • Slow withdrawal - over 3 days
2 stars
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • $10 for outgoing wire transfers
web trading platform
4 stars
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
3 stars
  • Clear fee report
  • Two-step (safer) login
  • Poor search function
  • Limited customizability (for charts, workspace)
  • Some features are hard to find
mobile trading platform
4 stars
  • Two-step (safer) login
  • Good search function
  • Innovative functions (e.g. chatbot)
  • Not user-friendly
4 stars
  • User-friendly
  • Two-step (safer) login
  • No price alerts
  • Options and bond trading are not available
desktop trading platform
3 stars
  • Good variety of order types
  • Two-step (safer) login
  • Price alerts
  • Not user-friendly
  • Poor search function
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markets and products
5 stars
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
2 stars
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
4 stars
  • Quality news flow
  • Good set of analytical tools
  • Fundamental data available
  • Not user-friendly
3 stars
  • Trading ideas
  • Data on asset fundamentals
  • User-friendly
  • Limited interactive charting
  • No/limited set of analytic tools
customer service
4 stars
  • Live chat
  • Fast response time
  • Relevant answers
  • Email ticketing looks like from the 90's
4 stars
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7
education
5 stars
  • Demo account
  • Educational videos
  • Good production quality
  • Courses only available to members
4 stars
  • Trading platform tutorial
  • Educational videos
  • Good production quality
  • 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 who prefer low fees and a professional trading environment Long-term investors who are looking for great ETF and mutual fund offers