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.

	Interactive Brokers	Vanguard
	SPECIAL OFFER Referral Program - $200 Bonus - Learn More Read Interactive Brokers Review	Norton Internet Security 60-day free subscription - Learn More
	Benefits and Features
Stock Trading	IBKR 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
Annual Fee		$25
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 Trading	Available for qualified customers	Yes
Futures Trading	Yes	No
Customer Service	United 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 Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
Pros & Cons	Pros: 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
Bottom Line	Good discount broker for experienced, high volume traders... Read full review
	Referral Program - $200 Bonus
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Interactive Brokers: Pricing information from published websites as of 10/17/2023. Vanguard: Pricing information from published websites as of 10/17/2023.

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.

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.