Vanguard trading commissions
Commission-free trading of Vanguard ETFs applies to trades placed both online and by phone. Commission-free trading of non-Vanguard ETFs applies only to trades placed online; most clients will pay a commission to buy or sell non-Vanguard ETFs by phone. Vanguard, the mutual-fund giant, said Thursday morning that it is taking commissions to zero for all online stock and option trades, though options transactions will still cost $1 per contract.