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!
Enjoy broad access to around 1,800 ETFs—all commission-free¹
As of January 22, 2019
Fees for other services
Vanguard Brokerage Services charges a $20 annual account service fee. We don't charge the fee to any of the following:
- Voyager, Voyager Select, Flagship, and Flagship Select clients.
- Clients who have an organization or a trust account registered under an employee identification number (EIN).
- Clients who hold at least $10,000 in Vanguard funds and ETFs (exchange-traded funds).
Foreign securities transactions
$50 processing fee for non-DTC-eligible securities (not applicable to American Depositary Receipts (ADRs)) plus commission.
If a trade executes over multiple days, the commission will be charged for each day on which an execution occurs.
Additional fees may apply for trades executed directly on local markets.
American Depositary Receipts (ADRs)
Banks that custody ADRs are permitted to charge ADR holders certain fees, as detailed in the ADR prospectuses.
"Pass through" ADR fees are collected from Vanguard Brokerage Services by the Depository Trust Company (DTC) and will be automatically deducted from your brokerage account and shown on your account statement.
Other fees—including dividend processing fees—may be withheld by the DTC from the amount paid by the issuer.
Vanguard Brokerage charges a $10 wire fee for each holding you're redeeming from. The fee isn't charged to Flagship and Flagship Select clients.
Your bank may also charge a fee to receive or accept a wire.
We don't charge a fee for electronic bank transfers.
Other securities transaction or maintenance fees may apply.
Call us for additional information.
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. It also excludes leveraged and inverse ETFs, which can't be purchased through Vanguard Brokerage but can be sold with a commission. Commission-free trading of non-Vanguard ETFs also excludes 401(k) participants using the Self-Directed Brokerage Option; see your plan's current commission schedule. 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. Account service fees may also apply. All ETF sales are subject to a securities transaction fee. See the Vanguard Brokerage Services commission and fee schedules for full details.