Compare Trademonster vs Vanguard: Commissions, Fees and Investments 2012
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- Stocks and ETFs: $7.50
- Stocks and ETFs broker assisted: $22.50
- Options: $0.50 per contract (minimum $12.50 for single leg orders and $15 minimim per spread for multi-leg orders)
- Futures: $1.50 per contract
- Options on Futures: $1.50 per contract (excluding exchange fees, NFA fees, overnight and platform fees as applicable)
- Mutual Funds: $15 to buy, $0 to sell
- Bonds: $15 (Municipal, Corporate, Agency, Treasury)
- Investments: stocks, options, mutual funds, bonds, ETFs
- Minimum to open TradeMonster account: $2,000
- All TradeMonster 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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- Very good margin rates
- Selling mutual funds is free
- No inactivity, account maintenance or hidden fees
- No-fee IRAs
- Free trading simulator (virtual trading)
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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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- Additional 1.5 cents per share surcharge on extended hours trades
- Additional $0.0005 per share on the entire order for any stocks priced less than $1
- Trading tools are not intuitive and could be hard to master
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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
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