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eToroVanguard Review
Written by Sam Levine, CFA, CMT, Chris McKhann
Edited by Carolyn Kimball
Fact-checked by Steven Hatzakis
Vanguard’s reputation for low-cost investing is well-earned, and its funds remain a favorite among investors seeking to minimize fees. However, as a brokerage, Vanguard struggles to keep up with industry standards. Its website lacks the robust design, data, and tools found elsewhere, and the mobile app trails far behind competitors in functionality. For those who value seamless trading or advanced features, Vanguard might not be the best choice.
That said, Vanguard shines for long-term, buy-and-hold investors who prioritize its iconic funds. While the platform’s limitations are notable, its focus on passive investing and commitment to low fees still make it a compelling option for those dedicated to its ecosystem. Investors may also consider accessing Vanguard funds through higher-rated brokers with more versatile platforms.
-
Minimum Deposit:
$0.00 -
Stock Trades:
$0.00 -
Options (Per Contract):
$1.00
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Vanguard pros & cons
Pros
- Vanguard has a stellar reputation.
- The website has some tools and beginner education for long-term investing.
- It’s hard to find, but there’s thematic content for experienced and curious investors.
Cons
- There’s no stock research and detailed information is reserved for Vanguard products on the mobile app.
- Delayed stock quotes until you get to order entry.
- The mobile app has much worse functionality than the website.
Overall summary
| Feature |
Vanguard
|
|---|---|
| Overall |
|
| Investment Options |
|
| Commissions & Fees |
|
| Mobile Trading Apps |
|
| Platforms & Tools |
|
| Research |
|
| Customer Service |
|
| Education |
|
| Ease Of Use |
|
Vanguard trading platform screenshots
Website:
Mobile app:
Customer service
To score Customer Service, StockBrokers.com partners with customer experience research firm Confero to conduct phone tests from locations throughout the United States. For this year's testing, 135 customer service tests were conducted over six weeks, with wait times logged for each call.
Customer service representatives were asked for assistance or details for prospective customers in several areas of broker services, including account opening, trading tools, apps, rollovers, active trading, and more. Here are the results for Vanguard.
- Average Connection Time: 2-3 minutes
- Average Net Promoter Score: 8.4 / 10
- Average Professionalism Score: 8.9 / 10
- Overall Score: 8.33 / 10
- Ranking: 6th of 13 brokers
Retirement planning at Vanguard
If retirement planning is top of mind for you, zero in on Vanguard’s individual retirement accounts and tools: Vanguard IRA Review.
What is a Vanguard brokerage account?
Vanguard is primarily known as a fund company, but it also operates a brokerage where you buy and sell stocks, bonds, mutual funds, and ETFs with a self-directed account. Once you open and fund an account, you can enter orders via web browser or, depending on the product, via its mobile app.
Does Vanguard have a trading platform?
Vanguard has a website and mobile apps, but neither is trader-friendly. If you’re a trader or want to become one, have a look at the best in our Top Trading Platforms 2024 guide.
Is Vanguard good for beginners?
Vanguard is acceptable for beginners who want to invest in Vanguard funds. There’s good investor education on the website and investor jargon is kept to a minimum. That said, the best trading platforms for beginners will offer much more content to browse, such as at Fidelity and Charles Schwab, who are leaders in this area.
What is so good about Vanguard?
Vanguard is the industry leader for low-cost passive investing. Many of Vanguard’s products are designed to mimic the performance of indices and keep investor charges low. Most actively managed funds underperform the S&P 500, and much of the underperformance is due to fees.
How much do you need to invest in Vanguard?
There is no minimum to open an account. Many of Vanguard’s funds require a minimum of $1,000 and some have minimums of $3,000. That's on the high side compared to industry leaders, especially in today’s environment of low or no fees and minimums. See low-fee leaders in our best brokers for free stock trading.
Is Vanguard a safe company to invest with?
Yes, Vanguard is a very reputable broker with a long track record, dating from 1975. It is overseen by the Securities and Exchange Commission and FINRA, both of which are independent regulatory agencies.
Does Vanguard charge account fees?
Yes, Vanguard does charge a $25 per account annual fee for its brokerage account. But this fee will be waived if you accept e-delivery of documents or keep a minimum account value of $5 million. If you're not rocking five mil at Vanguard yet, then go to My Accounts > Account information > Profile and account settings > Mail preferences and alerts > Delivery settings to set up e-delivery of documents.
Do you have to use Vanguard to buy Vanguard funds?
No. Though we like Vanguard’s mutual and exchange-traded funds, they can just as easily be bought at higher-rated brokers, including E*TRADE’s and Ally's no-fee mutual fund marketplaces.
About Vanguard
Vanguard was launched in 1975 by legendary investor Jack Bogle, whose goal was for the company to be a client-owned mutual fund firm with no outside owners. The company serves over 30 million clients and its assets under management have grown to over $7 trillion. Vanguard is headquartered in Valley Forge, Pennsylvania.
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Show allStockBrokers.com Review Methodology
Our mission at StockBrokers.com is simple: provide thorough and unbiased reviews of online brokers, based on an extraordinary level of hands-on testing and data collection. Our ratings and awards are based on this data and our in-house experts’ deep authority in the field; brokers cannot pay for preferential treatment. Here’s more about trustworthiness at StockBrokers.com.
Our research team conducts thorough testing on a wide range of features, products, services, and tools for U.S. investors, collecting and validating thousands of data points in the process; this makes StockBrokers.com home to the largest independent database on the web covering the online broker industry. We test all available trading platforms for each broker and evaluate them based on a host of data-driven variables.
As part of our process, all brokers had the annual opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy. Brokers also were offered the opportunity to provide executive time for an annual update meeting.
Our rigorous data validation process yields an error rate of less than .001% each year, providing site visitors quality data they can trust. Learn more about how we test or about StockBrokers.com.
Vanguard fees and features data
The data collection efforts at StockBrokers.com are unmatched in the industry. The following tables show a deeper dive into the offerings available at this broker. You can also compare its offerings side-by-side with those of other brokers using our Comparison Tool.
In addition to meticulous annual data collection by our in-house analyst, every broker that participates in our review is afforded the opportunity to complete an in-depth data profile. We then audit each data point to ensure its accuracy.
Trading fees
| Feature |
Vanguard
|
|---|---|
| Minimum Deposit | $0.00 |
| Stock Trades | $0.00 |
| Mutual Fund Trade Fee | Varies |
| Options (Base Fee) | $0.00 |
| Options (Per Contract) | $1.00 |
| Futures (Per Contract) | (Not offered) |
| Broker Assisted Trade Fee | $25 |
Account fees
| Feature |
Vanguard
|
|---|---|
| IRA Annual Fee | $25.00 |
| IRA Closure Fee | $0.00 |
| Account Transfer Out (Partial) | $0.00 |
| Account Transfer Out (Full) | $100.00 |
| Options Exercise Fee | $0.00 |
| Options Assignment Fee | $0.00 |
Margin rates
| Feature |
Vanguard
|
|---|---|
| Margin Rate Under $25,000 | 13.75% |
| Margin Rate $25,000 to $49,999.99 | 13.25% |
| Margin Rate $50,000 to $99,999.99 | 12.75% |
| Margin Rate $100,000 to $249,999.99 | 12.25% |
| Margin Rate $250,000 to $499,999.99 | 11.75% |
| Margin Rate $500,000 to $999,999.99 | 10.5% |
| Margin Rate Above $1,000,000 | Varies |
Investment options
| Feature |
Vanguard
|
|---|---|
| Stock Trading | Yes |
| Margin Trading | Yes |
| Fractional Shares | No |
| OTC Stocks | Yes |
| Options Trading | Yes |
| Complex Options Max Legs | 4 |
| Futures Trading | No |
| Forex Trading | No |
| Crypto Trading | No |
| Crypto Trading - Total Coins | 0 |
| Mutual Funds (No Load) | N/A |
| Mutual Funds (Total) | N/A |
| Bonds (US Treasury) | Yes |
| Bonds (Corporate) | Yes |
| Bonds (Municipal) | Yes |
| Advisor Services | Yes |
| International Countries (Stocks) | 0 |
Order types
| Feature |
Vanguard
|
|---|---|
| Order Type - Market | Yes |
| Order Type - Limit | Yes |
| Order Type - After Hours | Yes |
| Order Type - Stop | Yes |
| Order Type - Trailing Stop | No |
| Order Type - OCO | No |
| Order Type - OTO | No |
| Order Type - Broker Assisted | Yes |
Beginners
| Feature |
Vanguard
|
|---|---|
| Education (Stocks) | Yes |
| Education (ETFs) | No |
| Education (Options) | No |
| Education (Mutual Funds) | No |
| Education (Bonds) | No |
| Education (Retirement) | Yes |
| Retirement Calculator | Yes |
| Investor Dictionary | No |
| Paper Trading | No |
| Videos | Yes |
| Webinars | No |
| Webinars (Archived) | No |
| Progress Tracking | No |
| Interactive Learning - Quizzes | No |
Stock trading apps
| Feature |
Vanguard
|
|---|---|
| iPhone App | Yes |
| Android App | Yes |
| Apple Watch App | No |
| Trading - Stocks | Yes |
| Trading - After-Hours | No |
| Trading - Simple Options | No |
| Trading - Complex Options | No |
| Order Ticket RT Quotes | Yes |
| Order Ticket SRT Quotes | No |
Stock app features
| Feature |
Vanguard
|
|---|---|
| Market Movers (Top Gainers) | No |
| Stream Live TV | No |
| Videos on Demand | No |
| Stock Alerts | No |
| Option Chains Viewable | No |
| Watch List (Real-time) | No |
| Watch List (Streaming) | No |
| Watch Lists - Create & Manage | No |
| Watch Lists - Column Customization | No |
| Watch Lists - Total Fields | 9 |
Stock app charting
| Feature |
Vanguard
|
|---|---|
| Charting - After-Hours | No |
| Charting - Can Turn Horizontally | No |
| Charting - Multiple Time Frames | Yes |
| Charting - Technical Studies | 0 |
| Charting - Study Customizations | No |
| Charting - Stock Comparisons | No |
Trading platforms overview
| Feature |
Vanguard
|
|---|---|
| Active Trading Platform | N/A |
| Desktop Trading Platform | No |
| Desktop Platform (Mac) | No |
| Web Trading Platform | Yes |
| Paper Trading | No |
| Trade Journal | No |
| Watch Lists - Total Fields | 9 |
Trading platform stock chart features
| Feature |
Vanguard
|
|---|---|
| Charting - Adjust Trades on Chart | No |
| Charting - Indicators / Studies | 9 |
| Charting - Drawing Tools | 0 |
| Charting - Notes | No |
| Charting - Index Overlays | Yes |
| Charting - Historical Trades | No |
| Charting - Corporate Events | Yes |
| Charting - Custom Date Range | No |
| Charting - Custom Time Bars | No |
| Charting - Automated Analysis | No |
| Charting - Save Profiles | No |
| Trade Ideas - Technical Analysis | No |
| Charting - Study Customizations | 1 |
| Charting - Custom Studies | No |
Day trading features
| Feature |
Vanguard
|
|---|---|
| Streaming Time & Sales | No |
| Streaming TV | No |
| Direct Market Routing - Stocks | No |
| Ladder Trading | No |
| Trade Hotkeys | No |
| Level 2 Quotes - Stocks | No |
| Trade Ideas - Backtesting | No |
| Trade Ideas - Backtesting Adv | No |
| Short Locator | No |
| Order Liquidity Rebates | No |
Investment research overview
| Feature |
Vanguard
|
|---|---|
| Research - Stocks | Yes |
| Research - ETFs | Yes |
| Research - Mutual Funds | Yes |
| Research - Pink Sheets / OTCBB | Yes |
| Research - Bonds | Yes |
| Screener - Stocks | Yes |
| Screener - ETFs | Yes |
| Screener - Mutual Funds | Yes |
| Screener - Bonds | Yes |
| Misc - Portfolio Allocation | Yes |
Stock research features
| Feature |
Vanguard
|
|---|---|
| Stock Research - PDF Reports | 2 |
| Stock Research - Earnings | Yes |
| Stock Research - Insiders | No |
| Stock Research - Social | No |
| Stock Research - News | Yes |
| Stock Research - ESG | No |
| Stock Research - SEC Filings | No |
ETF research features
| Feature |
Vanguard
|
|---|---|
| ETFs - Strategy Overview | No |
| ETF Fund Facts - Inception Date | No |
| ETF Fund Facts - Expense Ratio | No |
| ETF Fund Facts - Net Assets | No |
| ETF Fund Facts - Total Holdings | No |
| ETFs - Top 10 Holdings | No |
| ETFs - Sector Exposure | No |
| ETFs - Risk Analysis | No |
| ETFs - Ratings | No |
| ETFs - Morningstar StyleMap | No |
| ETFs - PDF Reports | No |
Mutual fund research features
| Feature |
Vanguard
|
|---|---|
| Mutual Funds - Strategy Overview | Yes |
| Mutual Funds - Performance Chart | Yes |
| Mutual Funds - Performance Analysis | Yes |
| Mutual Funds - Prospectus | Yes |
| Mutual Funds - 3rd Party Ratings | No |
| Mutual Funds - Fees Breakdown | Yes |
| Mutual Funds - Top 10 Holdings | Yes |
| Mutual Funds - Asset Allocation | No |
| Mutual Funds - Sector Allocation | Yes |
| Mutual Funds - Country Allocation | No |
| Mutual Funds - StyleMap | Yes |
Options trading overview
| Feature |
Vanguard
|
|---|---|
| Option Chains - Basic View | Yes |
| Option Chains - Strategy View | No |
| Option Chains - Streaming | No |
| Option Chains - Total Columns | 9 |
| Option Chains - Greeks | 0 |
| Option Chains - Quick Analysis | No |
| Option Analysis - P&L Charts | No |
| Option Probability Analysis | No |
| Option Probability Analysis Adv | No |
| Option Positions - Greeks | No |
| Option Positions - Greeks Streaming | No |
| Option Positions - Adv Analysis | No |
| Option Positions - Rolling | No |
| Option Positions - Grouping | No |
Banking features
| Feature |
Vanguard
|
|---|---|
| Bank (Member FDIC) | No |
| Checking Accounts | No |
| Savings Accounts | No |
| Credit Cards | No |
| Debit Cards | No |
| Mortgage Loans | No |
Customer service options
| Feature |
Vanguard
|
|---|---|
| Phone Support (Prospect Customers) | Yes |
| Phone Support (Current Customers) | Yes |
| Email Support | Yes |
| Live Chat (Prospect Customers) | No |
| Live Chat (Current Customers) | No |
| 24/7 Support | No |
About the Editorial Team
Sam Levine has over 30 years of experience in the investing field as a portfolio manager, financial consultant, investment strategist and writer. He also taught investing as an adjunct professor of finance at Wayne State University. Sam holds the Chartered Financial Analyst and the Chartered Market Technician designations and is pursuing a master's in personal financial planning at the College for Financial Planning. Previously, he was a contributing editor at BetterInvesting Magazine and a contributor to The Penny Hoarder and other media outlets.
Chris McKhann has been in the industry for more than 20 years. He has worked for many of the top names in the online trading space, including TD Ameritrade and optionMONSTER, which later became part of E*TRADE. His work has been cited in the Wall Street Journal, Reuters, the Financial Times, Forbes, CNBC, Nasdaq.com and Nikkei. He has also been an advisor and outside trader for several hedge funds. He was one of the first traders to delve into the VIX tradable products and to write about them (back in 2006). Chris is also an educator who teaches high school statistics, finance and computer science.
Carolyn Kimball is a former managing editor for StockBrokers.com and investor.com. Carolyn has more than 20 years of writing and editing experience at major media outlets including NerdWallet, the Los Angeles Times and the San Jose Mercury News. She specializes in coverage of personal financial products and services, wielding her editing skills to clarify complex (some might say befuddling) topics to help consumers make informed decisions about their money.
Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.