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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

Options


ASSETS INVESTED IN VANGUARD ETFs®
& MUTUAL FUNDS

Less than $50,000
(Standard)

ONLINE OR BY PHONE

$0 + $1-per-contract fee


ASSETS INVESTED IN VANGUARD ETFs®
& MUTUAL FUNDS

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

ONLINE OR BY PHONE

$0 + $1-per-contract fee


ASSETS INVESTED IN VANGUARD ETFs®
& MUTUAL FUNDS

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

ONLINE OR BY PHONE

$0 + $1-per-contract fee


ASSETS INVESTED IN VANGUARD ETFs®
& MUTUAL FUNDS

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

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
(Flagship Select Services®)

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 Flagship clients and the first 100 transactions for Flagship Select clients in each calendar year for any combination of options and transaction-fee (TF) mutual funds. The number is limited to 25 per Flagship client and 100 per Flagship Select client 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.