Vanguard Referral Bonus: Refer a Friend Program

Vanguard friend referral bonus program offer code for recommended friend or family member to open a new brokerage account in 2022

Vanguard Friend Referral Bonus

You can recommend your family or friends to open an account with Vanguard using the company's "Tell a Friend Tool". Information on how to do it is located .

Unfortunately, at Vanguard neither you nor your recommended friend or family member will receive any referral bonus, free trades, or any other perks. If you want to be rewarded with free stocks valued up to $30,600 for referring clients to a brokerage, use Webull's Refer a Friend program instead.

Webull Promotion

Open WeBull Account

Vanguard Complaints Introduction

Vanguard has received a lot of praise over the years for some of its policies, but the firm still receives complaints from a few clients. This article will explore these criticisms and see which brokers perform better.

Vanguard Complaints List

A frequent criticism of Vanguard is its complicated pricing schedule. In contrast, has a simple flat commission on all products.

Vanguard traders have complained about the broker's website. It is harder to navigate than the Merrill Edge site. Vanguard's menus produce pages that require further navigation. It's oftentimes difficult to find what you're looking for on the Vanguard site. A search field in the upper-right corner of the site does help locate information, although the firm's website definitely needs an overhaul.

Vanguard receives a lot of complaints about its customer service. First of all, it's not available 24/7. E*Trade, by comparison, has agents on the phone around the clock. Vanguard also doesn't offer on-line chat, nor does it have a network of local branches. Some Vanguard customers have simply given up and switched to Fidelity, where they feel they receive more competent service.

Vanguard customers have access only to securities. The firm does not offer trading in futures or forex, which TD Ameritrade does offer.

The major Vanguard complaint is trading tools at the broker are rather simple. A chart on the Vanguard site cannot be detached to form its own window. There are just a handful of technical studies available, and a graph also cannot be displayed the width of the screen. E*Trade provides much better charting capability. There is also no trade bar on Vanguard's site, and the broker fails to offer a desktop platform.

The Vanguard mobile app has several deficiencies compared to some of its rivals' apps. For example, the Vanguard platform does not offer live streaming of financial news, which Schwab does offer. There is no funds transfer capability, nor can users pay bills. Surprisingly, there is no charting for securities on the mobile app.

The Vanguard site doesn't have a community forum where traders can talk about investment ideas and seek help from a company representative. Such a forum does exist on the Ally Invest website, by contrast.

Although Vanguard does offer checks and a debit card, they come with very steep account requirements. Specifically, accounts must have half a million dollars to qualify for cash management features. Even then, the broker still charges a $30 annual fee. Clients with more than a $1,000,000 in assets don't have to pay the fee. Accounts with less than this amount must pay for check re-orders and bill pay. Schwab checking has none of these drawbacks.

Vanguard's commission schedule for options is quite a bit higher than the fees charged by other firms. Option contracts at Vanguard cost $1. This pricing schedule is much higher than Ally Invest, where options cost 50¢.

Vanguard only offers market, limit, stop, and stop limit orders. Trailing stop and other advanced order types are not available. TD Ameritrade, by contrast, has no less than 16 order types.

Recap

Complaints have been raised by Vanguard clients, but those who can invest at least $50,000 in Vanguard funds will receive competitive rates most of the time. Bargain seekers will be pleased with Ally Invest.

Vanguard app

Vanguard Refer a Friend Program Disclaimer

Vanguard referral bonus terms can change at any time without notice. For the most recent information on Vanguard refer a friend program offer to open account visit their website.

About the Author

Arthur Chachuna is professional personal finance blogger, and the owner of Brokerage-Review.com. He has been an avid investor for 23 years, and has background in both applied math and programming.