Skip to main content

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 January 22, 2019

Individual stocks

Also applies to sales involving leveraged and inverse ETFs.


ASSETS INVESTED IN VANGUARD ETFs® & MUTUAL FUNDS

Less than $50,000
(Standard)

ONLINE

$7² for first 25 trades;
$20 thereafter

BY PHONE

$25 per trade


ASSETS INVESTED IN VANGUARD ETFs® & MUTUAL FUNDS

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

ONLINE

$7 per trade

BY PHONE

$25 per trade


ASSETS INVESTED IN VANGUARD ETFs® & MUTUAL FUNDS

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

ONLINE

$2 per trade

BY PHONE

$20 per trade


ASSETS INVESTED IN VANGUARD ETFs® & MUTUAL FUNDS

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

ONLINE

$0² for first 25 trades;
$2 thereafter

BY PHONE

$0² for first 25 trades;
$2 thereafter


ASSETS INVESTED IN VANGUARD ETFs® & MUTUAL FUNDS

$5 million or more
(Flagship Select Services®)

ONLINE

$0² for first 100 trades;
$2 thereafter

BY PHONE

$0² for first 100 trades;
$2 thereafter

REFERENCE CONTENT

Layer opened.

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. It also excludes leveraged and inverse ETFs, which can't be purchased through Vanguard 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.