Published by Blain Reinkensmeyer
On Thursday, December 31st, 2015
Unless trading with a flagship account ($1,000,000+ portfolio value) or with Vanguard funds, Vanguard has little to offer the average investor that cannot be found elsewhere.
Offers in-house mutual funds and ETFs with low management fees.
Extremely expensive commissions for clients that don't meet required portfolio values; no live chat support and email support slow to respond; not designed for the active online investor.
Our Vanguard review includes a variety of information for researching and finding a brokerage to suit your needs. We have detailed commissions & fees data, an extensive features checklist, and other important broker information available. Our team encourages all investors to compare Vanguard with their competitors to find out how they stack up.
Please Note: Our annual review requires the online brokers to actively participate due to the extensive amount of testing, data, and research that takes place over the course of six months. Since Vanguard elected not to be included in our 2015 Online Broker Review, Vanguard does not have star ratings or rankings.
Blain has been involved in the markets for over 13 years, heading StockBrokers.com equity broker research and reviews. His personal blog, StockTrader.com, provides to-the-point daily market recaps to over 17,000 subscribers.
Vanguard commissions details below:
Stock Trades - Vanguard offers different commissions rates depending on the size of the portfolio. These rates are broken down below:
Options Trades - $20 + $1.00 per contract. For Voyager accounts the rate is $8 + $1.50 per contract. Assignments are $30 + $.015 per contract. For flagship accounts, assignments are $8 + $.015.
Mutual Funds - For transaction fee funds it is $35 per trade for Standard accounts, $20 for Voyager and Voyager Select, and $8 for Flagship accounts. For non transactin fee funds there is no commission charged to buy or sell.
There is $3,000 minimum investment for most funds with $1,000 minimum reinvestments thereafter. There is also a 1% sale charge of the proceeds ($50 minimum, $250 maximum) for shares held less than 180 days.
Other Investments - Vanguard does not support futures and forex.
All pricing data was obtained from a published web site as of 5/01/2015 and is believed to be accurate, but is not guaranteed. The StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the top of this page. 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.