Interactive Brokers vs Vantage 2024

Interactive Brokers is publicly traded, does not operate a bank, and is authorised by nine Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and zero Tier-4 regulators (High Risk). Interactive Brokers is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Canadian Investment Regulatory Organization (CIRO), Securities Futures Commission (SFC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), Commodity Futures Trading Commission (CFTC), and regulated in the European Union via the MiFID passporting system.

Vantage is not publicly traded and does not operate a bank. Vantage is authorised by two Tier-1 regulators (highly trusted), one Tier-2 regulator (trusted), zero two Tier-3 regulators (average risk), and two Tier-4 regulators (high risk). Vantage is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite.

Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app. However, Vantage trails industry leaders in key areas such as research and education.

To open a trading account with Interactive Brokers, you'll need to make an initial minimum deposit of $0.

Vantage requires a minimum deposit of $50 before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Interactive Brokers offers Bank Wire (Deposit/Withdraw) for banking, whereas Vantage provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw).

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that Interactive Brokers offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Interactive Brokers holds 9 global Tier-1 licenses, while Vantage holds 2. Interactive Brokers holds 2 global Tier-2 licenses, while Vantage holds 1.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that Interactive Brokers (99) earned a higher Trust Score than Vantage (90).

To compare the trading platforms of both Interactive Brokers and Vantage, 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.

Here’s what trading platforms are available at Interactive Brokers:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - No
• MT5 - No
• ZuluTrade - No
• TradingView - Yes

Here’s what trading platforms are available at Vantage:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - Yes
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - Yes
• TradingView - Yes

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Vantage offers MetaTrader 4 (MT4), while Interactive Brokers does not. Forex traders also appreciate the ability to engage in social copy trading. While Vantage offers copy trading, Interactive Brokers does not.

Interactive Brokers provides traders 90 currency pairs (e.g., EUR/USD) compared to Vantage's 57 available pairs. If you are interested in trading a full range of securities, Interactive Brokers offers traders access to 8500 tradeable symbols, while Vantage offers access to 1000 tradeable symbols; so Interactive Brokers offers 7500 more tradeable symbols than Vantage.

We found in our testing that Interactive Brokers offers a more diverse selection of investment options than Vantage, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD) and Cryptocurrency (Physical).