Vanguard brokerage account trade fees
See how Vanguard's low-cost approach can help you make the most of your money. You'll never pay a commission to buy or sell Vanguard mutual funds or ETFs in your Vanguard accounts. Never pay a commission when you buy and sell Vanguard mutual funds and ETFs in your Vanguard account. A few Vanguard mutual funds charge fees designed to help cover high transaction costs and discourage short-term trading.
Purchase fees are charged generally by funds that routinely face higher transaction costs when buying securities for the portfolio. Redemption fees are charged generally by funds that want to discourage market-timing. Neither is considered a sales charge or "load" because both are paid directly to the fund to offset higher transaction costs.
There are currently just a small number of Vanguard funds each with multiple share classes that charge one or both of these fees. Each has a corresponding exchange-traded fund ETF share class that excludes these fees and can be bought and sold in your Vanguard Brokerage Account commission-free. You must buy and sell Vanguard ETF Shares through Vanguard Brokerage Services we offer them commission-free or through another broker which may charge commissions.
See the Vanguard Brokerage Services commission and fee schedules for limits. Gdmfx binary account types ETF Shares are not redeemable directly with the issuing fund other than in very large aggregations worth millions of dollars.
ETFs are subject to market volatility. When buying or selling an ETF, you will pay or receive the current market price, which may be more or less than net asset value. Industry average expense ratio: All averages are asset-weighted. Industry averages exclude Vanguard. Vanguard and Morningstar, Inc. Fund-specific details are provided in each fund profile. Your use of this site signifies that you accept our terms and conditions of use Open a new browser window. Skip to main content. Search the site or get a quote.
Sign up for access Need logon help? Get started today Open an account online. Vanguard fund trading fees Never pay a commission when you buy and sell Vanguard mutual funds and ETFs in your Vanguard account.
Review our commission schedule for details. Find out how easy it is to avoid these fees. Learn more about asset management fees. Search for other funds by name or ticker. Search for other ETFs by name or ticker. Return to main page. My Accounts Log on.
When you trade with us, you'll enjoy competitive commissions and fees and get unbiased service from investment professionals. Vanguard Brokerage Services may act as an agent, executing your order at cost plus a commission, or as a principal, adding markups to purchase prices or subtracting markdowns from sale prices.
When acting as a principal for a primary market issue, Vanguard Brokerage generally receives a fee concession from the issuer. Vanguard Brokerage Services gives you entry to thousands of mutual funds offered by hundreds of fund companies. We offer funds with and without transaction fees. Flagship, and Flagship Select Services Online and by phone. Fees apply per trade—purchases, sales, or exchanges—regardless of order size.
A purchase fee vanguard brokerage account trade fees added to an order's cost. A sales fee is subtracted from an order's proceeds. If you exchange shares of a fund for another fund in the same fund family and share class, the transaction fee will be paid from your money market settlement fund.
The schedule for a specific load fund may vary, perhaps significantly, from the general description shown here. Check the fund's prospectus for details. Initial and additional investments: If a trade executes over multiple days, the commission will be vanguard brokerage account trade fees for each day on which an execution occurs. Additional fees may apply for trades executed directly on local markets. Other fees, including dividend processing fees, may be withheld by the DTC from the amount paid by the issuer.
The fee is not 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 vanguard brokerage account trade fees. However, we don't charge the fee to: The number of these vanguard brokerage account trade fees is limited to 25 per Standard or Flagship client and per Flagship Select client, as identified by the primary Social Security number on the account. Vanguard Brokerage reserves the right to end these offers at any time.
Options are a leveraged investment and are not suitable for every investor. Options vanguard brokerage account trade fees risk, including the possibility that you could lose more money than you invest. A copy of this booklet is available at theocc. The booklet contains information on options issued by OCC. It is intended for educational purposes. No statement in the booklet should be construed as a recommendation to buy or sell a security or to provide investment advice. The OIC can provide you with balanced options education and tools to assist you with your options questions and trading.
Subsequent transactions are at the rates shown in the options fee schedule above. Online prices for all secondary-market bonds and CDs are before commissions. Vanguard Brokerage Services may negotiate fund minimum investment requirements that are greater than or less than the program standards noted above. Individual fund families may impose additional minimums, fees, or charges.
For complete information, read the fund prospectus carefully before investing. The offering conditions of the various funds included in the Vanguard Brokerage Services program are subject to change at any time, including, but not limited to, fee classification NTF or TF and transfer eligibility.
Subsequent transactions are at the rates shown in the fee schedule for TF funds above. Other discounts and fee waivers from standard commissions may also be available. Please note that Vanguard Retirement Investment Program pooled plan accounts are not eligible for discounts from standard commissions and fees. Additional information regarding discount eligibility is available here.
For further information, call Monday through Friday from 8 a. A separate commission is charged for each security bought or sold. Orders that vanguard brokerage account trade fees over multiple days are charged separate commissions.
In addition, a separate commission is charged for each order placed for the same security on the same side of the market buying or selling on the same day. Orders that are changed by the client and executed in multiple trades on the same day are charged separate commissions. These commission and fee schedules are subject to change.
Investment objectives, risks, charges, expenses, and other important information are contained in vanguard brokerage account trade fees prospectus; read and consider it carefully before investing. You must buy and sell Vanguard ETF Shares through Vanguard Brokerage Services we offer them commission-free or through another broker who may charge commissions. Vanguard ETF Shares aren't redeemable directly with the issuing fund other than in very large aggregations worth millions of dollars.
ETFs are subject to market volatility. When buying or selling an ETF, you'll pay or receive the current market price, which may be more or less than net asset value. All investing is subject to risk, including the possible loss of the money you invest. Investments in bonds are subject to interest rate, credit, and inflation risk.
Vanguard funds not held in a brokerage account are held by The Vanguard Group, Inc. Your use of this vanguard brokerage account trade fees signifies that you accept our terms and conditions of use Open a new browser window.
Skip to main content. Search the site or get a quote. Vanguard Brokerage Services commission and fee schedules When you trade with us, you'll enjoy competitive commissions and fees and get unbiased service from investment vanguard brokerage account trade fees. Free 3 ; subsequent trades: Mutual funds from other companies. AMOUNT The schedule for a specific load fund may vary, perhaps significantly, from the general description shown here. Fees for other services. Possible fees at automated teller machines not affiliated with PNC Bank.
Call us for additional information. Open your account online We're here to help If you're new to Vanguard: If you're already a Vanguard client: Learn how to transfer an account to Vanguard. Start your transfer online. My Accounts Log on.