Interactive Brokers and Vantage FX are leading online brokers. Interactive Brokers is a trustworthy broker with licenses from the IIROC, FINMA, FCA, SFC, FSA, MAS, and CFTC. It offers a premium app and proprietary platform with access to a demo account. This broker is a top choice for professionals as it offers premium services.
Vantage FX is a top online broker with impressive mobile apps and educational tools. It offers an active trader discount and a demo account. Vantage FX has licenses from the ASIC and FCA. It is a good fit for new traders because of its useful learning center.
Both brokers have advantages and disadvantages. This article discusses the differences between Interactive Brokers and Vantage FX.
| Broker Name | Interactive Brokers | Vantage FX |
| Year Founded | 1978 | 2009 |
| Regulation | SEC (USA), FCA (UK) | ASIC, FCA |
| Tradable Assets | Stock, ETF, Forex, Fund, Bond, Options, Futures, CFD, Crypto, Warrants, Structured Products | Forex, CFD |
| Min Deposit | $0 | $200 |
| Min Trade | $0 | $0 |
| Platforms | Traders Workstation (TWS) | MT4, MT5 |
| Deposit | You can open account without deposit | Free of charge |
| Withdrawals | Free of charge for the first withdrawal in calendar month | Free of charge |
Top findings from the Interactive Brokers vs. Vantage FX review:
- Interactive Brokers is a top brokerage firm with professional services.
- Vantage FX is an industry leader in research and learning tools.
- Both brokers offer a virtual trading account to test their offerings.
Interactive Brokers is a top choice for professionals, as it has premium tools and platforms. We recommend Vantage FX to new traders because of its comprehensive learning materials.
Overall Rating
| Feature | Interactive Brokers | Vantage FX |
| Overall | 4.5 | 3.5 |
| Commissions & Fees | 4.5 | 4 |
| Offering of Investments | 5 | 3.5 |
| Platforms & Tools | 4.5 | 4 |
| Mobile Trading | 4 | 4 |
| Research | 4.5 | 3.5 |
| Education | 4 | 3 |
| Trust Score | 94 | 79 |
| Winner | YES | |
| 66% of retail CFD accounts lose money | 74-89% of retail CFD accounts lose money |
Level of experience
New traders prefer Vantage FX over Interactive Brokers. Vantage FX offers tutorial guides, webinars, and forex education. It is a top broker for market analysis and third-party content. Vantage FX offers social trading tools and a demo account.
Interactive Brokers is a better fit for experienced investors. It has some research tools, including Trading Central. Interactive Brokers offers premium platforms and tools for experienced active traders.
Fees
Interactive Brokers has a minimum initial deposit of $0, while at Vantage FX it is $200. Both brokers offer an active trader discount.
Assets
Interactive Brokers offers 105 forex currency pairs, while Vantage FX has 44 available pairs. Interactive Brokers has 7400 CFDs, while Vantage FX has 260 available CFDs.
Trading platform
Interactive Brokers provides a premium trading experience with well-designed desktop and web platforms. It has useful educational tools, including advanced trading videos. We recommend it for professionals as its platforms follow the industry’s highest standards.
Vantage FX is a leading MetaTrader-only broker as it offers many compatible 3rd party platforms. It has the full MetaTrader suite with SmartTrader tools. Vantage FX offers social trading and educational tools. It is a good fit for new traders because of its tutorial guides and demo account.
Banking services
Banking services are useful to traders of all levels of experience. Interactive Brokers offers bank wires as its funding option. Vantages FX has both bank transfers and Skrill.
Final verdict
Interactive Brokers and Vantage FX are leading online brokers. Both have strengths and weaknesses depending on your skills and trading experience. Interactive Brokers is an excellent choice for active professional traders because of its premium tools. We recommend Vantage FX to beginners as it offers competitive prices and learning tools.
Interactive Brokers compared to other brokers:
Methodology
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.
Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.
Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.
Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.
Disclosure
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
