Interactive Brokers vs Vanguard Comparison
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?
E*TRADE offers more comprehensive new investor education for beginner investors than Interactive Brokers. Interactive Brokers offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Bonds) and Education (Retirement), while Vanguard offers investors access to Education (Stocks) and Education (Retirement), neither have Education (Mutual Funds).
What about Interactive Brokers vs Vanguard pricing?
Interactive Brokers and Vanguard charge the same amount for regular stock trades, $0.00. Option contracts are pricier at Vanguard, costing $1.00 per contract versus $0.65 per contract at Interactive Brokers. For a complete commissions summary, see our best brokers for free stock trading guide.
Does Interactive Brokers or Vanguard offer a wider range of investment options?
Interactive Brokers offers investors access to Stock Trading, Fractional Shares, Options Trading, OTCBB / Pink Sheets, Mutual Funds and Futures Trading, while Vanguard offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets, Mutual Funds and Advisor Services, neither have Forex Trading. Looking at Mutual Funds, Vanguard trails Interactive Brokers in its offering of no transaction fee (NTF) mutual funds, with Interactive Brokers offering 4329 and Vanguard offering 272.
Which trading platform is better: Interactive Brokers or Vanguard?
To compare the trading platforms of 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 E*TRADE 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. Debit Cards are offered by Interactive Brokers while Vanguard offers none, neither have Checking Accounts, Savings Accounts, Credit Cards and Mortgage Loans.
Is Interactive Brokers good?
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.
Is Vanguard good?
Vanguard, known for its low-cost funds, is aimed squarely at buy-and-hold investors and its platform reflects that focus.
Interactive Brokers vs Vanguard Winner
Overall winner: E*TRADE
Explore our other online trading guides:
Other related comparisons.