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Written by: Edith B. Updated: Dec 2022
Expert verified
Recommended for
  • beginners 4.0/5
  • equity trading 4.3/5
Trusted broker
Regulated by top-tier financial authorities
Popularity
1,616 people chose this broker in the last 6 months
BrokerChooser Score
4.5/5

Vanguard review summary

Vanguard is a US stockbroker regulated by the top-tier SEC and FINRA. Vanguard offers free stock and ETF trading, along with a smooth account opening process. The mobile trading platform is easy to use and well designed. It is a good choice for beginner investors. On the down side, the product portfolio covers only the US market, while research tools are limited. Also, those planning to trade on margin may find financing rates high. BrokerChooser gave Vanguard a 4.5/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Vanguard is a regulated broker, it is overseen by a top-tier financial regulator in the USA . Vanguard is also covered by investor protection and it offers negative balance protection in selected jurisdictions. We at BrokerChooser always test brokers with real money, including the withdrawal process.

Vanguard pros and cons

Pros Cons
Stocks and ETFs are free to trade Only US assets available
Easy account opening Basic research tools
Great mobile trading platform High financing rates (margin rates)

Vanguard main highlights

🗺️ Country of regulation USA
💰 Trading fees class Low
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $0
🕖 Time to open an account 1-3 days
🎮 Demo account provided No
🛍️ Products offered Stock, ETF, Fund, Bond, Options
To read much more details about the broker's services and features, expand on the sections below.

Vanguard review
Fees

4.3
Vanguard offers free stock/ETF trading, and some bonds are also free to trade. Non-trading fees are also low. On the negative side, financing rates and some mutual fund fees are high.
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Vanguard review
Account opening

4.2
Account opening is fully digital and user-friendly, and there's no minimum account balance. However, the account verification process is quite slow.
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Vanguard review
Deposit and withdrawal

2.4
Transferring money to your Vanguard account is easy and free, but deposit/withdrawal options are limited to bank transfers, and wire transfer withdrawals are not free.
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Vanguard review
Web trading platform

3.4
Vanguard has an average web trading platform, with safe login and a good fee report. On the down side, navigation is tricky, search functions could be better, and there's no customizability.
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Vanguard review
Mobile trading platform

4.4
Vanguard offers a user-friendly and well-designed mobile trading platform. However, it lacks price alerts, and you can't trade the full range of Vanguard products (such as options or bonds).
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Vanguard review
Desktop trading platform

Vanguard does not provide a desktop trading platform.
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Vanguard review
Markets and products

2.7
Vanguard offers a wide range of asset classes, including stocks, ETFs, funds and options. However, it covers only the US market, while forex and futures trading is not available.
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Vanguard review
Research

3.0
Vanguard's research tools are easy to use but quite limited. You can view fundamental data and a few trading ideas, but we missed sophisticated charting and other analytical tools.
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Vanguard review
Customer service

4.5
Vanguard has great customer service, providing fast and relevant answers on all available channels. On the down side, it's not available 24/7, and live chat is also missing.
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Vanguard review
Education

3.5
Vanguard offers solid educational articles and videos, and high-quality interactive webinars. On the flip side, there are no trading platform tutorial videos or a demo account.
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Vanguard review
Safety

Vanguard is regulated by top-tier US financial authorities, and comes with a high investor protection amount. On the other hand, negative balance protection is not provided.
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Vanguard review
Bottom line

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Vanguard review
FAQ

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Author of this review

Edith Balázs

Author of this review

Edith is an experienced financial journalist having worked for 15+ years as a correspondent for Bloomberg, Dow Jones and The Wall Street Journal covering macroeconomics, stock, currency and fixed income markets. She holds a master's degree in American Studies and Journalism.

Edith Balázs

Senior Editor

Edith is an experienced financial journalist having worked for 15+ years as a correspondent for Bloomberg, Dow Jones and The Wall Street Journal covering macroeconomics, stock, currency and fixed income markets. She holds a master's degree in American Studies and Journalism.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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