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Vanguard Brokerage Review, Pricing, and Features

Vanguard Brokerage logo

Vanguard Brokerage

investor.vanguard.com

Vanguard Brokerage is built for U.S. long-term and retirement investors who want Vanguard funds alongside stocks, ETFs, options, bonds, and third-party funds. Online stock and ETF commissions are $0, and Vanguard ETF fractions start at $1. The platform is less trading-centric than active-broker rivals, and users must distinguish the FDIC Cash Deposit sweep from the VMFXX money-market settlement security and separate Cash Plus product.

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Pricing

Key fees from the official fee schedule

Source-checked · Jul 17, 2026

Online stocks and ETFs

$0 commission

Options

$0 base + $1 per contract

Annual account service fee

$25, with waivers

Account closure and full transfer out

Up to $100 per account

Vanguard Cash Deposit is FDIC-eligible bank-sweep cash; VMFXX is a mutual-fund security with investment risk and SIPC eligibility. Their APY/yield and protection cannot be interchanged. Vanguard Cash Deposit is a settlement option inside a brokerage account. Vanguard Cash Plus is a separate savings-account alternative with its own routing features and terms; its APY is not used here. This profile covers Vanguard Brokerage Services self-directed accounts. Vanguard advisory and wealth-management programs have separate service levels, minimums and fees. See the Vanguard fee schedule for your country.

Key features

  • Individual, joint, IRA, custodial, education, trust, estate, and eligible organization accounts.
  • Vanguard and third-party mutual funds, ETFs, stocks, options, Treasuries, bonds, and brokered CDs.
  • Dollar-based Vanguard ETF investing from $1 and recurring investment workflows.
  • Choice of Vanguard Cash Deposit or VMFXX as the brokerage settlement option.
  • Web and mobile portfolio administration, statements, tax forms, beneficiaries, and transfers.
  • Consolidated brokerage tax reporting with cost-basis and fund-tax resources.

Broker details

Account and availability

Available in 1 country

United States

Account

Individual and joint taxable brokerage, Traditional, Roth, rollover, inherited and SEP IRA, UGMA/UTMA custodial and education accounts, Trust, estate and eligible organization accounts · USD base currency · $0 brokerage-account opening minimum

Cash and trading

Interest on uninvested cash

1.75% variable APY as of June 26, 2026

Interest on uninvested cash

Variable 7-day money-market yield

Deposits

$0 Vanguard fee for electronic bank transfer

Electronic bank transfer, check or account transfer · New bank funding can take 3–7 days to invest

Withdrawals

Electronic bank transfer $0; wire $10

Electronic bank transfer, wire or check

Fractional shares

Limited availability

Vanguard ETFs and mutual funds through dollar-based trading · $1 for Vanguard ETFs

Tax support · United States

Country tax report provided

Regulation and protection

Vanguard Marketing Corporation

SEC and FINRA; member SIPC · CRD 7452; SEC 8-21570

Securities Investor Protection Corporation (SIPC) · $500,000, including a $250,000 cash limit

Covers missing eligible assets after broker failure, not market loss. Vanguard states that it maintains additional coverage through an insurer.

FDIC bank-sweep insurance · Up to $1.25m individual or $2.5m joint

Only eligible Vanguard Cash Deposit balances at program banks qualify, limited to $250,000 per depositor, ownership category and bank and aggregated with other deposits.

Source-checked · Reviewed Jul 17, 2026 · Official sources: Vanguard Marketing Corporation broker registration, Investment fees and costs, What you need to open an account, Vanguard Brokerage Account, Vanguard Cash Deposit, What is dollar-based investing?, Vanguard tax form schedule

FAQ

Is Vanguard Brokerage free?

Vanguard Brokerage should not be treated as free software. Brokerage access may have no monthly charge, but transaction, FX, market-data, custody, transfer, product, or spread costs can apply depending on the offer and jurisdiction. Check the broker details and official fee schedule.

Who is Vanguard Brokerage best for?

It suits beginner, intermediate, and advanced users.

What platforms and connections does Vanguard Brokerage support?

You can use Vanguard Brokerage on Web and Mobile.

Which markets does Vanguard Brokerage cover?

Vanguard Brokerage covers North America. It tracks Stocks, ETFs, Options, Bonds, and Mutual Funds. Identifiers include Ticker and CUSIP.

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