Vanguard Brokerage
Low-cost index-fund investing, where online stock and ETF trades stay $0 at every asset tier and options per-contract fees drop at $1M+.
Last verified 2026-10-04
Legal entities
Vanguard Brokerage Services, a division of Vanguard Marketing Corporation (BrokerCheck id 7452); advisory affiliate Vanguard Advisers, Inc. (801-49601)
Details
| minimum to open | $1$1 is the stated minimum to invest in a Vanguard ETF; a separate brokerage account minimum was not stated in the pages retrieved |
|---|---|
| monthly fee | $0Not confirmed at a primary source in this pass. |
| equity trade fee | 0 USD per tradeNot confirmed at a primary source in this pass. |
| fractional min | $1Not published in retrievable text for this broker. |
| etf fee | 0 USD per tradeCONFIRMED $0 online at every asset tier for Vanguard ETFs and stocks. Broker-assisted is $25 BAC per trade below $1M Qualifying Assets, and the closing-transaction $25 BAC for margin calls is waived at $1M+ QA. Note Vanguard's fee page adds that 'You must buy and sell Vanguard ETF Shares through Vanguard Brokerage Services (we offer them commission-free online) or through another broker (which may charge commissions).' |
| margin apr low | 6%Three separate rate schedules gated on Qualifying Assets (QA), NOT on loan balance alone. Premier requires QA of $5 million or more; Preferred requires QA of $1 million to $4,999,999; Standard applies below $1 million QA. For joint accounts only the primary owner's QA counts. Rates are applied to the full loan balance outstanding; higher-balance pricing is available by phone (877-662-7447). |
| margin apr high | 12.25%Three separate rate schedules gated on Qualifying Assets (QA), NOT on loan balance alone. Premier requires QA of $5 million or more; Preferred requires QA of $1 million to $4,999,999; Standard applies below $1 million QA. For joint accounts only the primary owner's QA counts. Rates are applied to the full loan balance outstanding; higher-balance pricing is available by phone (877-662-7447). |
| cash apy gold | not verified |
| cash apy standard | not verified |
| crypto available | no |
| account types | cash, taxable, ira, roth iraAccount types not published. |
| coverage | Stated on the fee page: brokerage assets are held through Vanguard Brokerage Services, a division of Vanguard Marketing Corporation, member FINRA and SIPC.Coverage terms not transcribed. |
What we could not verify
Listed here rather than filled with a plausible guess. An honest gap is more useful than a confident number that turns out to be wrong.
- Cash APY not published; most brokers do not disclose one.
Sources
Each URL and the specific claim it supports.
- investor.vanguard.com— Brokerage fees, account types, coverage and margin terms.retrieved 2026-10-04
- investor.vanguard.com— Brokerage fees, account types, coverage and margin terms.retrieved 2026-10-04