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Vanguard Brokerage Services® commission & fee schedules

Enjoy competitive commissions on all your trades. Better yet, find out how often you'll pay no commission at all!

As of August 21, 2018

Vanguard ETFs® (exchange-traded funds)

All Vanguard ETFs—more than 75 of them—are always commission-free

It doesn't matter how much money you have in your Vanguard Brokerage Account or whether you trade online or by phone.¹

ETFs from other companies

Nearly 1,800 ETFs from more than 100 other companies are commission-free when you trade online¹


ASSETS INVESTED IN VANGUARD
ETFs & MUTUAL FUNDS

Less than $50,000
(Standard)²

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 for first 25 trades³;
$2 thereafter


ASSETS INVESTED IN VANGUARD
ETFs & MUTUAL FUNDS

$5 million or more
(Flagship Select Services®)

ONLINE

$0

BY PHONE

$0 for first 100 trades³;
$2 thereafter

Leveraged and inverse ETFs are excluded from commission-free status because their speculative nature runs counter to our investors' focus on long-term success. For leveraged and inverse ETFs, please refer to the Stocks commission schedule.