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Vanguard vs Interactive Brokers
Broker Name
Vanguard
Interactive Brokers
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP and ECN broker
Market maker
Years of Existence / Established Year
1975
1993
Customer Base / Number of Accounts
50M+
3.12M
Regulation & Security
Regulations (governing bodies)
SEC
SEC, FINRA, NYSE, FCA, FINMA, CFTC, MAS, SFC, CBI, IIROC, JFSA, MiFiD
Awards Won (count for the last 2 years)
No major awards listed
Best Online Broker for Advanced Traders in 2024, Professional Trading 2024, #1 Best Online Broker in 2023, Best for Advanced Traders, Best Online Broker in 2024, Best Stock Broker for International Trading
Security Measures
AML, SIPC, FIDC
SIPC
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
No
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
3,400 mutual funds and 191 Vanguard products including CDs, Cash investment, Index funds, Retirement funds, Actively managed funds, ESG funds
150 Markets including Forecast and event contracts, Spot currencies,US spot Gold, Hedge funds
Currency Pairs
No
Yes
Commodities
No
No
Indices
No
No
Cryptocurrencies
No
Yes
CFDs
No
No
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
Yes
Futures
No
Yes
Bonds
Yes
Yes
Mutual Funds
Yes
Yes
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
No
No
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
No
MT5
No
No
cTrader
No
No
Social Trading
No
Copy Trading
No
Yes
Other Trading Platforms (proprietary, etc.)
User-friendly web interface & mobile app
IBKR global Trader, Client Portal, Desktop, Mobile, Trader workstation, APIs, Forecast Trader, IMPACT
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
IRAs, Brokerage accounts, 529 saving plans, Cash management, UGMA/UTMA, Small business retirement, 403(b) services
Individual, Joint, Trust, IRA and UGMA/UTMA Accounts, Non-Professional Advisor Accounts, Family Office Accounts, Small Business Accounts, Advisor Accounts, Money Manager Accounts, Broker & FCM Accounts, Proprietary Trading Group Accounts, Hedge Fund & Mutual Fund Accounts, Compliance Officers, Administrators, Institutional Hedge Fund Investors
Demo Account (Yes/No)
No
Yes
Islamic Accounts (Yes/No)
Yes
Yes
Minimum Deposit
$0
$0
Leverage Available
No
10:1 to 50:1
Trade Limit (maximum per trade)
99,999 shares
EUR 5,000,000
Commission (per account type)
$0
$0
Best Suited For (e.g., beginners, experienced traders)
Beginners to experienced traders
Beginner to advanced traders
Deposit & Withdrawal Options
Deposit Methods
Electronic bank transfer, Wire transfer, Vanguard account, Direct account, Check
ACH transfer, Link a new bank account, Bank wire, Transfer from wise balance, Scan a check , Mail a check, SEPA
Withdrawal Methods
Electronic bank transfer, Automatic investment plan, Automatic withdrawal plan, Wire redemption, Mobile check investment
ACH, Check, Direct debit, Transfer to wise balance, Canadian ETF transfer, SEPA
Other E-Wallets Supported
No
No
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Investor Education, Retirement Resources, Market Analysis and Insights, Webinars and Online Seminars, Investment Guides and Tools
Traders' Academy (Online Courses), IBKR Webinars, Market Insights and Analysis, Trader's University (Video Tutorials), IBKR Quant Blog (Quantitative Trading), Customer Education (Trading Guides)
Fees & Commissions
Trading-Related Fees
Commission- $0, 30-day median bid/ask spread - Vanguard Advisors
IBKR Lite: Commission-free U.S. stocks, ETFs, and specific mutual funds, IBKR Pro: $0.005 per share, minimum $1 per trade
Spread (typical, fixed, variable)
Variable
Fixed spread
Per Lot Fees
NA
NA
Options Contract Fees
$0 base fee, $1 per contract
$0.65/contract
Futures Contract Fees
NA
$0.85
Markup Fees on Spread
NA
$1.50
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
No
50:1
Non-Trading Fees
Dormant Fees
NA
$0
Subscription Fees (for premium features, data feeds)
NA
NA
Advisory Fees
$15- $30/ year
It depends up on the account type
Swap Fees (Overnight Financing)
Yes
over $10 million free
Statement or Document Fee
NA
NA
Account Opening Fee
NA
$0
Account Maintenance Fee
$25
$0
Deposit Fee
NA
$0
Currency Conversion Fee
Vanguard uses its own exchange rate
$0.03
Withdrawal Fee
Wire transfer- $10
$10 outgoing wire transfer fee
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
No
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
Monday through Friday, 9:30 a.m. to 4 p.m., Eastern time
9:30 AM - 4:00 PM ET, Monday through Friday Overnight trading hours: 8:00 PM ET - 3:50 AM ET, Sunday through Friday
Customer Support
Support Hours (e.g., 24/7, weekdays only)
Monday to Friday, 8:00 am - 8:00 pm EST
24/7
Customer Support Methods (phone, email, live chat)
Phone: 877-662-7447, E-mail: [email protected]
Phone: 1 (888) 919-0022, E-mail: [email protected], Live chat
Support Languages
8+
33
Additional Information
Headquarters Location
Valley Forge, Pennsylvania, USA
Greenwich, Connecticut
Complaints (for crypto brokers)
No
No
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