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Interactive Brokers vs Vanguard 2022

Is Interactive Brokers better than Vanguard? After testing 15 of the best online brokers over six months, Interactive Brokers (89.29%) is better than Vanguard (62.82%). In 2022, Interactive Brokers remains our top pick for professionals because of its institutional-grade desktop trading platform and rock-bottom margin rates. Professionals aside, Interactive Brokers also appeals to active traders and casual investors with $0 trades and a user-friendly web platform.


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Overall Rating

Feature Interactive Brokers Vanguard
Overall 4.5 3.5
Commissions & Fees 4.5 4.5
Offering of Investments 5 4.5
Platforms & Tools 4.5 1.5
Mobile Trading Apps 4.5 3
Research 5 2.5
Education 4.5 2.5
Ease of Use 4 4.5
Interactive Brokers Review Vanguard Review
Winner check_circle

Trading Fees

Feature Interactive Brokers Vanguard
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Mutual Fund Trade Fee $14.95 $20.00
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.65 $1.00
Futures (Per Contract) $0.85 N/A
Broker Assisted Trade Fee $30.00 $25.00

Margin Rates

Feature Interactive Brokers Vanguard
Under $24,999.99 1.58% 8.50%
$25,000.00 to $49,999.99 1.58% 8.00%
$50,000.00 to $99,999.99 1.58% 7.50%
$100,000.00 to $249,999.99 1.08% 7.00%
$250,000.00 to $499,999.99 1.08% 6.50%
$500,000.00 to $999,999.99 1.08% 5.25%
Above $1,000,000.00 0.75% 4.75%

Account Fees

Feature Interactive Brokers Vanguard
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $0.00
Account Transfer Out (Partial)
$0.00 $0.00
Account Transfer Out (Full)
$0.00 $0.00

Investment Options

Feature Interactive Brokers Vanguard
Stock Trading
Yes Yes
Fractional Shares
Yes No
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
6 4
Futures Trading
Yes No
Forex Trading
No No
Crypto Trading
Yes No
Crypto Trading - Total Coins
4 0
Mutual Funds (No Load)
10882 N/A
Mutual Funds (Total)
11160 10000
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Advisor Services
No Yes
International Trading
Yes No

Order Types

Feature Interactive Brokers Vanguard
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - After-Hours
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes No
Order Type - OCO
Yes No
Order Type - OTO
Yes No
Order Type - Broker Assisted
Yes Yes

Beginners

Feature Interactive Brokers Vanguard
Education (Stocks)
Yes Yes
Education (ETFs)
Yes No
Education (Options)
Yes No
Education (Mutual Funds)
No No
Education (Bonds)
Yes No
Education (Retirement)
Yes Yes
Retirement Calculator
No Yes
Investor Dictionary
Yes No
Paper Trading
Yes No
Videos
Yes No
Webinars (Monthly Avg)
20
Webinars (Archived)
Yes No
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes No

Stock Trading Apps

Feature Interactive Brokers Vanguard
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes No
Trading - Simple Options
Yes No
Trading - Complex Options
Yes No
Order Ticket RT Quotes
Yes No
Order Ticket SRT Quotes
Yes No

Stock App Features

Feature Interactive Brokers Vanguard
Market Movers (Top Gainers)
Yes No
Stream Live TV
Yes No
Videos on Demand
Yes No
Stock Alerts
Yes No
Option Chains Viewable
Yes No
Watch List (Real-time)
Yes No
Watch List (Streaming)
Yes No
Watch Lists - Create & Manage
Yes No
Watch Lists - Column Customization
Yes No
Watch List - Column Filtering
Yes Yes

Stock App Charting

Feature Interactive Brokers Vanguard
Charting - After-Hours
Yes No
Charting - Can Turn Horizontally
Yes No
Charting - Multiple Time Frames
Yes No
Charting - Technical Studies
70 0
Charting - Study Customizations
Yes No
Charting - Stock Comparisons
No No

Trading Platforms

Feature Interactive Brokers Vanguard
Desktop Trading Platform
Yes No
Web Trading Platform
Yes No
Paper Trading
Yes No
Trade Journal
Yes No
Watch Lists - Total Fields
669 9

Stock Chart Features

Feature Interactive Brokers Vanguard
Charting - Adjust Trades on Chart
Yes No
Charting - Indicators / Studies
121 9
Charting - Drawing Tools
9
Charting - Notes
Yes No
Charting - Index Overlays
Yes Yes
Charting - Historical Trades
Yes No
Charting - Corporate Events
Yes No
Charting - Custom Date Range
No No
Charting - Custom Time Bars
Yes No
Charting - Automated Analysis
Yes No
Charting - Save Profiles
Yes No
Trade Ideas - Technical Analysis
Yes No
Charting - Study Customizations
6 1
Charting - Custom Studies
No No

Day Trading

Feature Interactive Brokers Vanguard
Streaming Time & Sales
Yes No
Streaming TV
Yes No
Direct Market Routing - Stocks
Yes No
Ladder Trading
Yes No
Trade Hot Keys
Yes No
Level 2 Quotes - Stocks
Yes No
Trade Ideas - Backtesting
Yes No
Trade Ideas - Backtesting Adv
Yes No
Short Locator
Yes No
Order Liquidity Rebates
Yes No

Research Overview

Feature Interactive Brokers Vanguard
Research - Stocks
Yes Yes
Research - ETFs
Yes No
Research - Mutual Funds
Yes Yes
Research - Pink Sheets / OTCBB
Yes No
Research - Bonds
Yes No
Screener - Stocks
Yes Yes
Screener - ETFs
Yes No
Screener - Mutual Funds
Yes Yes
Screener - Options
Yes No
Screener - Bonds
Yes No
Misc - Portfolio Allocation
Yes Yes

Stock Research

Feature Interactive Brokers Vanguard
Stock Research - PDF Reports
5 2
Stock Research - Earnings
Yes Yes
Stock Research - Insiders
Yes No
Stock Research - SEC Filings
Yes No
Stock Research - Social
Yes No
Stock Research - Balance Sheet
Yes No
Stock Research - Cash Flows
Yes No
Stock Research - News
Yes Yes
Stock Research - ESG
Yes No

ETF Research

Feature Interactive Brokers Vanguard
ETFs - Strategy Overview
Yes No
ETF Fund Facts - Inception Date
Yes No
ETF Fund Facts - Expense Ratio
Yes No
ETF Fund Facts - Net Assets
Yes No
ETF Fund Facts - Total Holdings
Yes No
ETFs - Top 10 Holdings
Yes No
ETFs - Performance Analysis
Yes No
ETFs - Sector Exposure
Yes No
ETFs - Risk Analysis
Yes No
ETFs - Ratings
Yes No
ETFs - Morningstar StyleMap
Yes No
ETFs - PDF Reports
Yes No

Mutual Fund Research

Feature Interactive Brokers Vanguard
Mutual Funds - Strategy Overview
Yes Yes
Mutual Funds - Performance Chart
No Yes
Mutual Funds - Performance Analysis
Yes Yes
Mutual Funds - Prospectus
Yes Yes
Mutual Funds - PDF Reports
Yes No
Mutual Funds - Fees Breakdown
Yes Yes
Mutual Funds - Top 10 Holdings
Yes Yes
Mutual Funds - Asset Allocation
Yes No
Mutual Funds - Sector Allocation
Yes Yes
Mutual Funds - Country Allocation
Yes No
Mutual Funds - StyleMap
Yes Yes
Mutual Funds - 3rd Party Ratings
Yes No

Options Trading

Feature Interactive Brokers Vanguard
Option Chains - Basic View
Yes Yes
Option Chains - Strategy View
Yes No
Option Chains - Streaming
Yes No
Option Chains - Total Columns
37 9
Option Chains - Greeks
4 0
Option Positions - Greeks Streaming
Yes No
Option Chains - Quick Analysis
Yes No
Option Analysis - P&L Charts
Yes No
Option Probability Analysis
Yes No
Option Probability Analysis Adv
Yes No
Option Positions - Greeks
Yes No
Option Positions - Adv Analysis
Yes No
Option Positions - Rolling
Yes No
Option Positions - Grouping
Yes No

Banking

Feature Interactive Brokers Vanguard
Bank (Member FDIC)
Yes No
Checking Accounts
Yes No
Savings Accounts
No No
Credit Cards
No No
Debit Cards
Yes No
Mortgage Loans
No No

Customer Service

Feature Interactive Brokers Vanguard
Phone Support (Prospect Customers)
Yes Yes
Phone Support (Current Customers)
Yes Yes
Email Support
Yes Yes
Live Chat (Prospect Customers)
No No
Live Chat (Current Customers)
Yes No
24/7 Support
No No

Overall

Feature Interactive Brokers Vanguard
Overall 4.5 3.5
Commissions & Fees 4.5 4.5
Offering of Investments 5 4.5
Platforms & Tools 4.5 1.5
Mobile Trading Apps 4.5 3
Research 5 2.5
Education 4.5 2.5
Ease of Use 4 4.5
Interactive Brokers Review Vanguard Review
Winner check_circle

Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare Interactive Brokers vs Vanguard.

Is Interactive Brokers or Vanguard better for beginners?
Interactive Brokers is better for beginner investors than Vanguard. Interactive Brokers offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Bonds) and Education (Retirement).

What about Interactive Brokers vs Vanguard pricing?
Interactive Brokers and Vanguard have equal fees for trading stocks (equities), $0 per trade. For options trading, both Interactive Brokers and Vanguard charge the same base fee of $0. Option contracts are pricier at Vanguard, costing $1.00 versus $0.65 at Interactive Brokers. For a complete commissions summary, see our best discount brokers guide.

Does Interactive Brokers or Vanguard offer a wider range of investment options?
Interactive Brokers offers a more diverse selection of investment options than Vanguard. Interactive Brokers offers investors access to Stock Trading, Fractional Shares, OTCBB / Pink Sheets, Options Trading, Mutual Funds, Futures Trading and International Trading. Looking at Mutual Funds, Interactive Brokers boasts an offering of 11160 mutual funds compared to Vanguard's 10000 available funds.

Which trading platform is better: Interactive Brokers or Vanguard?
To compare the trading platforms of both Interactive Brokers and Vanguard, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Interactive Brokers offers a better experience. With research, Interactive Brokers offers superior market research. Finally, we found Interactive Brokers to provide better mobile trading apps.

Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Checking Accounts and Debit Cards are available to clients of Interactive Brokers while Vanguard offers customers none of these.

Overall winner: Interactive Brokers

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All pricing data was obtained from a published web site as of 01/10/2022 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

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