Vanguard To Start Commission Free ETF Trading August 2018

[james.hendrickson]

Vanguard is now saying it will offer commission-free online transactions for nearly 1,800 ETFs starting in August 2018 for investors using Vanguard's brokerage services.

Very few of vanguard's competition allow commission free trading at this level.

From CNBC:

There has been a lot of talk in the world of exchange-traded funds that giants like Vanguard Group, BlackRock's iShares and Charles Schwab are headed in the direction of trading without any management fee at all. We're not there yet, but Vanguard Group is making a major move related to ETF fees that no other firm has yet made. Starting in August, investors using Vanguard's online brokerage platform will be able to trade all ETFs on a commission-free basis, including ETFs from rivals iShares, Schwab and State Street Global Advisors.

source: CNBC

This is good news for traders or intermediate holders of ETFs. If you're a newer investor who is already holding low cost mutual funds, this is less of big deal.

[corn18]

Good for them. I would like to switch to Vanguard just to give them my money for being such a great company. But FIDO is my 401k and I can trade FIDO funds for free in my USAA brokerage, so I'll stick with them for now.