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Vanguard Brokerage Services® commission & fee schedules

Stay focused on your financial goals with confidence that you're not paying too much.

As of January 2, 2020

Vanguard ETFs (exchange-traded funds)


INVESTMENT TYPE

Vanguard ETFs®

ONLINE

$0

BY PHONE

$0

ETFs from other companies


ASSETS INVESTED IN VANGUARD
ETFs & MUTUAL FUNDS

Less than $50,000
(Standard)

ONLINE

$0

BY PHONE

$25 per trade


ASSETS INVESTED IN VANGUARD
ETFs & MUTUAL FUNDS

$50,000 to $500,000
(Voyager Services®)

ONLINE

$0

BY PHONE

$25 per trade


ASSETS INVESTED IN VANGUARD
ETFs & MUTUAL FUNDS

$500,000 to $1 million
(Voyager Select Services®)

ONLINE

$0

BY PHONE

$20 per trade


ASSETS INVESTED IN VANGUARD
ETFs & MUTUAL FUNDS

$1 million to $5 million
(Flagship Services®)

ONLINE

$0

BY PHONE

$0


ASSETS INVESTED IN VANGUARD
ETFs & MUTUAL FUNDS

$5 million or more
(Flagship Select Services®)

ONLINE

$0

BY PHONE

$0

REFERENCE CONTENT

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Other conditions & costs that may apply

Commission-free trading of Vanguard ETFs applies to trades placed both online and by phone. Commission-free trading of non-Vanguard ETFs applies only to trades placed online; most clients will pay a commission to buy or sell non-Vanguard ETFs by phone. Vanguard Brokerage reserves the right to change the non-Vanguard ETFs included in these offers at any time. All ETFs are subject to management fees and expenses; refer to each ETF's prospectus for more information. All ETF sales are subject to a securities transaction fee. Account service fees may also apply.

Layer opened.

Other conditions & costs that may apply

All ETFs are subject to management fees and expenses; refer to each ETF's prospectus for more information. All ETF sales are subject to a securities transaction fee. Account service fees may also apply.

Layer opened.

Other conditions & costs that may apply

Commission-free trading of non-Vanguard ETFs applies only to trades placed online; most clients will pay a commission to buy or sell non-Vanguard ETFs by phone. Vanguard Brokerage reserves the right to change the non-Vanguard ETFs included in these offers at any time. All ETFs are subject to management fees and expenses; refer to each ETF's prospectus for more information. All ETF sales are subject to a securities transaction fee. Account service fees may also apply.