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Vanguard review 2010: very high commissions, weak trading tools
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- Stocks: $25 or $0.025 per share, whichever is greater
- Options commission: $30 plus $1.50 per contract
- Mutual funds: $35
- 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
Vanguard mutual funds include a collection of 117 actively managed mutual funds, and over 150 U.S.,
exchange traded and International funds and financial portfolios. Vanguard's funds focus on a number of
financial goals, risk levels, sectors and returns.
Vanguard trading tools are not keeping up with the industry. You can't modify your order: you have to cancel it then
resubmit it (!). Poor charts with no possibility of saving your indicators. Terrible research tools.
Really bad stock screener.
- Low cost and good performance Vanguard mutual funds.
- Free dividend reinvestment
- $1,000 minimum to open account
- Extremely high trading costs
- $30 annual maintenance fee for regular accounts
- Very bad customer service
- Poor trading and research tools
Vanguard Brokerage Review Summary
There is a reason Vanguard is known for its mutual funds and not for its brokerage services. Excessively high trading
commissions, sloppy customer service, terrible trading and research tools make it hard for Vanguard to get any
recognition.
The company is charging $30 annual maintenance fee for regular accounts. There is no fee for IRA accounts, but
there are much cheaper firms for investing in your retirement account in
best brokerages for IRA.
Because of all the above reasons, we could recommend Vanguard only to those people looking to invest exclusively in
Vanguard mutual funds. For everything else there are better
discount online brokerage firms.
Vanguard Promotion Code: none right now
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