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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 25, 2021

Options


ASSETS INVESTED IN VANGUARD ETFs®
& MUTUAL FUNDS

Less than $1 million

ONLINE OR BY PHONE

$0 + $1-per-contract fee


ASSETS INVESTED IN VANGUARD ETFs®
& MUTUAL FUNDS

$1 million to $5 million

ONLINE OR BY PHONE

$0 for first 25 trades;*
$0 + $1-per-contract fee thereafter


ASSETS INVESTED IN VANGUARD ETFs®
& MUTUAL FUNDS

$5 million or more

ONLINE OR BY PHONE

$0 for first 100 trades;*
$0 + $1-per-contract fee thereafter

All options exercises and assignments are commission-free.

REFERENCE CONTENT

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Commission-free eligibility

Commission-free eligibility applies to the first 25 transactions for clients with at least $1 million to $5 million in qualifying Vanguard assets and the first 100 transactions for clients with at least $5 million or more in qualifying Vanguard assets in each calendar year for any combination of options and transaction-fee (TF) mutual funds. The number is limited to 25 per client with at least $1 million to $5 million in qualifying Vanguard assets and 100 per client with at least $5 million or more in qualifying Vanguard assets as identified by the primary Social Security number on the account. Subsequent transactions are the rates shown in the applicable fee schedule. Vanguard Brokerage reserves the right to end these offers anytime.