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
  • Wide range of products
  • Many great research tools
  • Regulated by several authorities
  • Some ETFs and mutual funds are free to trade
  • Easy account opening
  • Great mobile trading platform
overall cons
  • Extremely complex desktop trading platform
  • Complicated account opening process
  • Funding and withdrawal only via bank transfer
  • Only US market covered
  • Basic research tools
  • High financing rates (margin rates)
fees
4.0
  • Low trading fees
  • Low stock and ETF fees
  • Low financing rate
  • Free stock and ETF trading for US clients
  • Inactivity fee
4.0
  • No inactivity fee
  • Free ETF trading
  • Some mutual funds and bonds are free to trade with
  • High margin rates
  • High fees for non-free mutual funds
account opening
3.0
  • Fully digital
  • No minimum deposit for most accounts types
  • Not user-friendly
  • Confusing messages throughout the process
4.0
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Slow account opening time
deposit and withdrawal
3.0
  • No deposit fee
  • Several account base currencies
  • First withdrawal each month free
  • Credit/Debit card not available
  • Not user-friendly
2.0
  • No deposit fee
  • User-friendly
  • Free withdrawal (via ACH)
  • Credit/Debit card not available
  • $10 for wire transfer withdrawals
web trading platform
4.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
3.0
  • Clear fee report
  • Two-step (safer) login
  • Price alerts
  • Limited customizability (for charts, workspace)
  • Some features are hard to find
mobile trading platform
4.0
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • User interface is a bit complex
4.0
  • 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
  • Indices
  • Metals
3.0
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
4.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
3.0
  • Trading ideas
  • Data on asset fundamentals
  • User-friendly
  • Limited interactive charting
  • Limited set of research tools
customer service
4.0
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Courses only available after registration
4.0
  • Educational videos
  • Fair 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 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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