Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure

Vanguard competitors

If you’re looking for a broker comparable to Vanguard, check out these five contenders.

Our pick to buy stocks: SoFi Invest

SoFi Invest logo
  • $0 commissions on stocks
  • Robo advisor with no management fees
  • Beginner-friendly platform
Go to site

While Vanguard is a household name in the trading industry, it doesn’t offer forex, futures or cryptocurrency. And its lackluster research tools might cause you to consider another trading platform. Here are five of Vanguard’s top competitors.

Vanguard alternatives

Check out a few of Vanguard’s rival brokerages.

TD Ameritrade

TD Ameritrade

4.37 / 5 ★★★★★

Go to site
on TD Ameritrade's secure site
TD Ameritrade offers a user-friendly trading platform for beginner and active traders. Like most brokers, you pay no commissions on online stocks, ETFs or options trades and only a small fee per options contract. Choose from over 2,300 ETFs and 12,000 mutual funds. But where TD Ameritrade leaves Vanguard in the dust is the ability to trade forex and futures.

TD Ameritrade also offers 24/7 phone support and social media chatbots. And you can live chat with someone on its app, which is not currently available with Vanguard.

Account typesBrokerage, Retirement
Option trade fee$0 + $0.65/contract,
or $25 broker-assisted
Asset typesStocks, Bonds, Options, Mutual funds, ETFs, Currencies



4.4 / 5 ★★★★★

Go to site
on Betterment's secure site
If you're new to investing or prefer to take a backseat approach, Betterment might be a good option that vies with Vanguard's Digital Advisor — but without Vanguard's $3,000 minimum balance. Input details about your finances, risk tolerance and goals, and Betterment will match you to a portfolio that fits your needs. And if you prefer a more hands-on approach, its Flexible Portfolios let you control your asset class weights.

Unlike Vanguard, which only allows fractional shares on mutual funds, Betterment portfolios offer fractional shares on global stock and bond ETFs, so no cash is left uninvested. And as an extra perk, your portfolio automatically rebalances and includes tax benefits, such as tax-loss harvesting, to maximize your profit.

Account typesRetirement, Robo-Advisor
Annual fee0.25% on balances up to $99,999
0.4% on balances of $100,000+
Option trade feeN/A
Asset typesStocks, Bonds


Fidelity Brokerage Account

4.18 / 5 ★★★★★

Fidelity offers access to international markets and robust research tools with real-time market data and advanced charting. Use customizable filters to sift through 6,000 stocks and ETFs or view recommendations from independent, third-party experts. Fidelity also has a patented Trade Armor tool to help manage your entry and exit strategies and minimize risk.

To top it off, in a head-to-head comparison between Vanguard and Fidelity, a working paper from the Economic Research Initiatives at Duke University found that Fidelity had a lower expense ratio than Vanguard as of April 2019. And with its on-demand webinars, coaching sessions and weekly trading classes, beginner investors don't need to shy away from this Vanguard competitor.

Account typesBrokerage, Retirement
Option trade fee$0 + $0.65/contract
Asset typesStocks, Bonds, Options, Mutual funds, ETFs

Charles Schwab

Charles Schwab

4.38 / 5 ★★★★★

Both Charles Schwab and Vanguard offer commission-free trades and in-house financial coaching services. Schwab sets itself apart by arming you with powerful research tools, including proprietary Schwab equity ratings, premium independent research from third-parties like Credit Suisse and a customizable desktop platform. And unlike Vanguard, Schwab lets you trade futures and has no minimum investment for mutual funds.
Account typesBrokerage, Retirement
Option trade fee$0 + $0.65/contract,
or $25 if it is a broker-assisted trade
Asset typesStocks, Bonds, Options, Mutual funds, ETFs



3.5 / 5 ★★★★★

Go to site
on Robinhood's secure site
Robinhood's minimalist platform makes it straightforward for rookie investors to start their trading journeys with commission-free online trades. But unlike most brokers, Robinhood doesn't charge a fee for options contracts.

Its basic charting and stock screening software help ease new users into the investing world. By upgrading to Robinhood Gold for $5 a month, you'll also access professional research from Morningstar, an independent investment research company. And even though this Vanguard competitor is newer to the game, it keeps up with the times by offering cryptocurrency — something still missing from Vanguard's portfolio.

Account typesBrokerage
Annual fee0%
Option trade fee$0
Asset typesStocks, Options, ETFs, Cryptocurrency

Pros and cons of Vanguard

Here are a few distinct reasons to become part of this investor-owned company and some things to consider before opening an account.


  • Low expense ratio
  • Variety of investment products and account types, including IRAs to build your retirement nest egg or a brokerage account to grow your wealth
  • Large selection of mutual funds


  • Limited research tools and data
  • Basic trading platform and mobile app
  • Annual fees

How to transfer your brokerage account

If you’re replacing your broker, the steps to transfer your funds may vary depending on the brokerage you’re currently using and the platform you’re going to. Vanguard charges a $10 wire transfer fee for each holding you redeem if your assets are under $1 million. It doesn’t charge a fee to close your account.

Vanguard is enrolled in the Automated Customer Account Transfer Service (ACATS) to transfer your funds. To transfer your account, you’ll need to do the following.

  1. Fill out a transfer form with your new broker.
  2. Your new company contacts your current broker to initiate the transfer of your assets.
  3. Your current broker prepares the request.
  4. Your old broker deposits your funds, generally within six business days.
  5. Note: Your new broker may not allow proprietary mutual funds or ETFs from your old broker.

Compare trading platforms

Here are signup details for a few brokers you might consider:

Name Product Asset types Option trade fee Annual fee Signup bonus
M1 Finance
Free 1-year trial of M1 Plus
when you sign up for M1 Finance
Invest in your favorite stocks or in curated portfolios with automatic rebalancing.
SoFi Invest
Stocks, ETFs, Cryptocurrency
Get one free stock worth up to $1,000
Open an account
A free way to invest in most equities.
Stocks, Bonds, Options, Mutual funds, ETFs, Cryptocurrency
$0 + $0.50/contract
$0 per month
$10 of crypto
Open an account with access to crypto
A platform built for all kinds of traders and all styles of trading
Stocks, Options, ETFs, Cryptocurrency
Free stock (chosen randomly with a value anywhere between $2.50 and $200)
Sign up using the "go to site" link
Make unlimited commission-free trades in stocks, funds, and options with Robinhood Financial.
Stash Invest
Stocks, ETFs
$1 per month
Add at least $5 to your Invest account
Stash is more than an investment app. You’ll have access to tools that can help you become a confident investor.
Stocks, ETFs, Cryptocurrency
$0 per month
Download and sign up with; approved accounts receive a free stock slice worth up to $300, selected from 9 popular stocks.
Open an account
Commission-free trading in stocks and ETFs with a social networking twist.

Compare up to 4 providers

*Signup bonus information updated weekly.

Disclaimer: The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

More guides on Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site