Compare Alpaca Trading vs Vanguard


Online brokers compared for fees, trading platforms, safety and more. See how Alpaca Trading stacks up against Vanguard!

Alpaca Trading vs Vanguard
overall rating
4.6
4.3
overall pros
  • Great API trading service
  • Free stock & ETFs
  • Fantastic charting tools
  • Some ETFs and mutual funds are free to trade
  • Easy account opening
  • Great mobile trading platform
overall cons
  • Customer support limited to email
  • Limited deposit and withdrawal options
  • Only US stocks and ETFs available
  • Only US market covered
  • Basic research tools
  • High financing rates (margin rates)
fees
4.9
  • Commission-Free Stock and ETF Trading
  • No inactivity fee
  • No withdrawal fee
3.6
  • No inactivity fee
  • Free ETF trading
  • Some mutual funds and bonds are free to trade with
  • High margin rates
  • High fees for non-free mutual funds
account opening
4.8
  • Fast
  • Fully digital
  • No minimum deposit
  • Bit complex process for integrating third-party tools
4.4
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Slow account opening time
deposit and withdrawal
1.8
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • High withdrawal fee for wire transfers
2.4
  • No deposit fee
  • User-friendly
  • Free withdrawal (via ACH)
  • Credit/Debit card not available
  • $10 for wire transfer withdrawals
web trading platform
3.7
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • No price alerts
  • Limited customizability
  • Limited search function
3.4
  • Clear fee report
  • Two-step (safer) login
  • Price alerts
  • Limited customizability (for charts, workspace)
  • Some features are hard to find
mobile trading platform
4.2
  • User-friendly
  • Two-step (safer) login
  • Order confirmation
  • Poor search function
  • No price alerts
  • No Touch/Face ID login
4.4
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No price alerts
  • Options and bond trading are not available
desktop trading platform
  • Limited order types
markets and products
2.1
  • Stock
  • ETF
2.8
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
5.0
  • Access to highly functional API
  • Great charting tools
  • Data on asset fundamentals
  • No trading ideas
2.5
  • Trading ideas
  • Data on asset fundamentals
  • User-friendly
  • Limited interactive charting
  • Limited set of research tools
customer service
1.9
  • Great Slack and community forums
  • Email support
  • No phone support
  • No live chat
  • Mediocre email support
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
3.5
  • Educational videos
  • Fair production quality
  • No demo account
  • No trading platform tutorial videos
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Traders interested in algorithmic stock rading Long-term investors who are looking for great ETF and mutual fund offers
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