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Interactive Brokers vs Vanguard UK
Detailed comparison of fees, features and products
4.2
BROKER ONLY4.6
BROKER ONLYFeature Comparison
| Feature Comparison | Interactive Brokers | Vanguard UK |
|---|---|---|
| Wide Offering | ||
| Fractional Shares | ||
| Auto-Invest / DCA | ||
| Cash Interest (AER) | ||
| UK Support | ||
| Tax Certificate (CTC) | ||
| FSCS Protected (£85k) | ||
| Score | 7/7 | 6/7 |
Fee Comparison
| Fee Comparison | Interactive Brokers | Vanguard UK |
|---|---|---|
| Platform & Dealing Fees | From £3/trade | Vanguard funds only |
| Tax Wrappers (ISA/SIPP) | From £3/trade | £0 dealing fee |
| Crypto Fee | 0.12-0.18% | N/A |
| FX Fee | 0.03% | £0 (GBP funds) |
| Inactivity Fee | None | None |
| Deposit Fee | Free | Free |
| Withdrawal Fee | Free (1/month) | Free |
| Min. Deposit | 0 | 500 |
Product Range
| Product Range | Interactive Brokers | Vanguard UK |
|---|---|---|
| Stocks | 150+ markets worldwide | 0 (funds only) |
| ETFs | 13,000+ | 80+ Vanguard ETFs |
| Funds | 40,000+ | 75+ Vanguard funds |
| Bonds | 1M+ | via funds |
| Crypto | 4 (BTC, ETH, LTC, BCH) | 0 |
Pros & Cons
Pros
- Stocks & Shares ISA now available
- FX Fee: 0.03% (best in UK for USD)
- FCA regulated + FSCS protected
- Cash Interest: 4.8%+ (on $10k+)
- DCA + fractional shares
- Best for heavy US stock buyers
Cons
- Dealing fees from £3
- Complex platform for beginners
- High cash interest requires large balance
- SIPP via third parties only
Pros
- ISA + SIPP available
- Platform Fee: 0.15%/year (max £375)
- £0 dealing fees
- FCA regulated + FSCS protected
- Cash interest at BoE rates
- Easy Direct Debit auto-invest
- World's largest fund manager
Cons
- Only Vanguard funds/ETFs (no iShares, etc.)
- No individual stocks
- £500 minimum for lump sum
- Limited product range