Vanguard Review

Vanguard Logo

Vanguard was founded in 1975 to provide U.S. investors with online brokerage services, focusing on mid to long-term investments. They offer a wide range of U.S. financial products, including stocks, ETFs, mutual funds, bonds, options, and certificates of deposits (CDs), but they do not offer the best trading fees on stocks, options, and bonds — some ETFs may be traded for free though. While the broker provides clients with a basic and user-friendly trading platform, they offer a limited selection of trading tools and do not offer forex, CFD, or cryptocurrency trading

Vanguard Platforms & Tools

The broker provides their clients with their proprietary web and mobile trading platforms, which come with only basic features. The web platform runs on most modern browsers, but it has only basic order types (market, limit, stop, and stop limit orders), supports only email alert notification, and has very limited customization features. It’s difficult to search through the platform for tradable assets. Compared to other trading platforms, such as the MetaTrader platform, Vanguard’s platform does not have enough features and functionalities.

Vanguard Investor Mobile Platform is compatible with Android and iOS devices, and it’s a little easier to use than the web platform. With the mobile platform, you can only trade stocks, ETFs, and mutual funds.

Vanguard Research & Education

Vanguard provides a limited collection of educational resources to help new investors understand the financial market and investing principles. The broker is also lacking in research tools for market analysis, and their price quotes are delayed. So, their services may not be suitable for day traders who need to do perform fundamental and technical analysis and relies on real-time quotes for that.

Vanguard Trading Accounts

The broker has a variety of retirement and investment accounts to suit different investor’s goals. The main account types include:

  • Individual & joint accounts: Standard investment accounts for those who are getting started with investing.
  • Individual retirement accounts (IRAs): Roth and traditional IRAs for retirement savings, separate from employer-sponsored plans.
  • SEPs, SIMPLEs &i401(k)s: Suitable for business owners, both self-employed people and those with employees
  • Annuity accounts: These are variable annuities that can help maximize the tax benefits of retirement accounts. Not suitable for everyone though.
  • Savings accounts: Can be used to save for a child’s college education and may come with some tax benefits.

Vanguard Account Funding

The broker offers very limited options for account funding and withdrawals. They accept only USD and supports only bank wire transfer. Transactions may take a few business days to be processed. Deposits carry no charges, but withdrawals do.

Vanguard Customer Service

Vanguard provides a personal advisor service to help you find the most suitable portfolio. Their customer support team can be reached via email and telephone, and they are available Monday to Friday, from 8 a.m. to 10 p.m. EST.

Vanguard Regulation

Being a US-based company, Vanguard is regulated by U.S. authorities. The broker is regulated by the U.S. Securities and Exchange Commission (SEC), as well as the Financial Industry Regulatory Authority (FINRA), which is a self-regulatory organization for U.S. broker-dealers.

Vanguard Review Summary

Vanguard is a U.S. broker that offers online trading services on stocks, ETFs, mutual funds, bonds, options, and certificates of deposits. They have a basic trading platform with limited trading tools and do not offer forex, crypto, or CFD trading.

Vanguard

7.2

Spreads

7.0/10

Liquidity

7.0/10

Commissions

7.0/10

Support

7.0/10

Regulation

8.0/10

Features

  • A range of tradable assets
  • Some commission-free ETFs
  • A good selection of account types