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Interactive Brokers vs Vanguard

Interactive Brokers is a good discount broker for experienced, high volume traders. . How does it compare to Vanguard? Read our comparison chart below.

Interactive Brokers offers trades starting at just 0.5 cents per share. It also offers a tiered pricing plan that awards high volume traders with even lower rates. There is a $10,000 opening account minimum ($3,000 for clients 25 and younger). There is a monthly activity fee unless required commission minimums are met.

While Vanguard offers $0 commission on stock and ETF online trades, $0 commission on Vanguard mutual funds, and no minimum deposit.

Compare Interactive Brokers with Vanguard, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 

Interactive Brokers

Vanguard

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Benefits and Features

Stock TradingIBKR Lite: $0 per share (min $0 per order) IBKR Pro - Fixed: $0.0005 per share (min $1.00 per order, max 1.0% of trade value). IBKR Pro - Tiered: Starts at $0.0035 per share for less than 300,000 shares (min $0.35 per order, max 1% of trade value)
$0
Options Trading$0.15-$0.65 per contract ($1 minimum per order)$0 + $1-per-contract fee. Discounts available if you have more than $1 million assets invested in Vanguard ETFs and mutual funds
Minimum Deposit
$0
$0
Mutual Fund Trading$0 for no-transaction-fee funds. For transaction-fee funds, 3% trade value OR $14.95, per transaction, whichever is less, for transaction-fee funds
$0 for Vanguard mutual funds
Commission Free ETFs
150+
Around 1,800 ETFs from about 100 other companies
Broker Assisted Trades
$30
$25.00
Inactivity Fee
$0
$0
Maintenance Fee
$0
$20/year. Waived if account owner signs up for e-delivery service OR have at least $10,000 in Vanguard ETFs and mutual funds
Banking
No
No
Mobile App
Yes
Yes
Desktop App
Yes
Yes
Forex TradingAvailable for qualified customers
Yes
Futures Trading
Yes
No
Customer ServiceUnited States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries)
Monday-Friday 8am -10pm ET
Locations
No
No
Online Community
Yes
No
Seminars
Yes
Yes
Virtual Trading
Yes
No
 

CreditDonkey® Reviews

Stock TradingStarStarStarStarStarStarStarStarEmpty StarEmpty Star
Options TradingStarStarStarStarStarStarStarStarStarEmpty Star
Mutual Fund TradingStarStarStarStarEmpty StarStarStarStarStarStar
Online PlatformStarStarStarStarStar
BankingStarStarStarStarEmpty Star
Mobile AppStarStarStarStarStarStarStarStarEmpty StarEmpty Star
Commissions and FeesStarStarStarHalf StarEmpty StarStarStarStarStarEmpty Star
Ease of UseStarStarStarEmpty StarEmpty StarStarStarStarStarStar
ResearchStarStarStarStarEmpty StarStarStarStarHalf StarEmpty Star
Pros & ConsPros:
  • Large number of investments, including options, futures, and forex
  • Customize trading platform
  • Tools and opportunities for research
Cons:
  • Platform can be too much for a beginner to understand
  • Complicated pricing structure
Pros:
  • Large selection of mutual funds and commission-free ETFs
  • Broker assistance is available at no additional cost
  • Easy to use
Cons:
  • Commission structure penalizes frequent traders
  • Customer service wait times
  • Commission costs on non-Vanguard investment options
Bottom LineGood discount broker for experienced, high volume traders... Read full reviewGood choice for ETF and mutual fund investors interested in Vanguard-sponsored investments... Read full review

Referral Program - $200 Bonus

Interactive Brokers: Pricing information from published websites as of 10/17/2023.

Vanguard: Pricing information from published websites as of 10/17/2023.

Which is Better: Interactive Brokers or Vanguard?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Interactive Brokers or Robinhood.

In short: Interactive Brokers' stock trading, options trading, and mobile app are outstanding. Vanguard's mutual fund trading and ease of use are impressive.


Articles on Interactive Brokers

Interactive Brokers Review

Interactive Brokers offers a robust trading platform that experienced traders favor due to its competitive fee structure and extensive range of trading options.

Articles on Vanguard

Vanguard Review

Vanguard Brokerage may be a full-service broker, but typically long-term investors preferring ETFs and mutual funds see the greatest return on their investment with them.

Which Do You Think is Best?





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About CreditDonkey
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