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- Stocks and ETFs: $8.95
- Options (active traders): $12.95 for up to 10 contracts, $1.25/contract for over 10 contracts
- Options (non-active traders): $14.95 for up to 10 contracts, $1.50/contract for over 10 contracts
- Mutual Funds: $9.95
- Bonds: $5 per bond, $9.95 minimum
- Futures: 1-40 contracts $6.99; 41-100 contracts $5.99; 101-300 contracts $4.99; 301-1,000 contracts $3.99; 1,001 + contracts $2.99
- Options on Futures: 1-40 contracts $12.99; 41-100 contracts $8.99; 101-300 contracts $7.99; 301-1,000 contracts $6.99; 1,001 + contracts $5.99
- Covered Calls: $22.90 up to 10 contracts
- Penny Options: 1-10 contracts $4.95 flat; 10 + $0.50/contract
- Spreads, Straddles & Combos: 2-10 contracts - $12.95 Flat (active traders) $14.95 Flat (non-active traders); 10 + contracts - $1.25/contract (active traders); $1.50/contract (non-active traders)
- Investments: stocks, options, mutual funds, bonds, futures, options on futures, covered calls, ETFs
- Minimum to open OptionXpress account: $0 for cash account, $2,000 for margin account
- All OptionXpress fees
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- Stocks and ETFs: $7 for the first 25 trades, $20 for subsequent trades for account with less than $50,000
- $7 for account with $50,000–$500,000 (Voyager Services®)
- $2 for account with $500,000–$1,000,000 (Voyager Select Services®)
- Free for first 25 trades, $2 for subsequent trades for account with $1 million (Flagship Services™)
- Options: $30 plus $1.50 per contract
- Options for accounts with over $1 million: $8 + $1.50 per contract
- Mutual funds: Vanguard mutual funds - free. All others - Standard: $35; Voyager® and Voyager Select®: $20; Flagship®, $8
- Certificates of deposit (CDs): Purchase: $5 per $1,000, Minimum: $50. Sale: $35 per transaction
- Commercial paper: $50 per transaction; minimum purchase: $100,000
- U.S. Treasury: $0.75 per $1,000 face amount, $40 min–$75 max
- Mortgage-backed securities: $50 per transaction; GNMA minimum purchase: $25,000
- Investment products: stocks, options, mutual funds, bonds, CDs, foreign securities, insurance,
commercial paper, ETFs
- Minimum to open Vanguard account: $3,000
- All Vanguard fees
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- Best customer service
- Many well-designed trading tools and cutting-edge trading technology
- Free streaming quotes
- $100 bonus for opening new account
- No fee IRA accounts
- Great research
- Free paper trading
- No money down to open new account
- Free account transfers
- Free instructor lead online classes
- Free broker-assisted trading
- Free dividend reinvestment (contact customer service)
- No platform fees
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- Low cost and good performance Vanguard mutual funds
- Free Vanguard ETFs
- Free dollar-cost-averaging transactions for no-fee mutual funds. $3 per transaction, minimum purchase $100, minimum two transactions, for transaction fee mutual funds.
- Free dividend reinvestment
- No ACAT fee
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- Higher than average commissions on stocks and ETFs
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- High commissions in many cases
- $20 annual maintenance fee for regular accounts with balance less than $50,000
- $10 monthly Low Balance Fee for accounts with $2,500 or less
- Poor trading and research tools
- $3,000 minimum to open account is somewhat high
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Vanguard vs OptionsXpress: Comparison Summary
Out of these two brokerage companies,
Vanguard (Vanguard Review)
offers much higher commissions on stocks and ETFs:
$20 ($7 for the first 25 trades) versus $8.95 per trade
at OptionsXpress (OptionsXpress Review).
Vanguard charges $20 annual maintenance fee for regular accounts and could change $10 monthly fee if account balance is below $2,500.
Both companies don't have surcharges on extended hours trading and penny stocks.
OptionsXpress easily beats Vanguard in quality of customer service, ease of use of trading tools and research amenities. The firm
is much friendlier and offers more to beginner and buy-and-hold investors than Vanguard.
It also provides free virtual trading environment, which is great for beginners who need to improve their skills as well as for
more advanced investors who want to test new strategies without a risk. We included the firm in our list of
Best Brokers for Beginner Investors.
Unlike Vanguard, OptionsXpress has no IRA setup and annual IRA fees. We rated the broker
Best IRA Company in 2012.
In 2012 we included OptionsXpress in our list of Top Brokerages.
Because of lower commissions, better customer service and more free services, OptionsXpress is clearly a
better choice than Vanguard, and we strongly recommend it to all investors.
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