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U.S. long-term investors · retirement investors · index-fund and ETF investors

Best suited for U.S.-centric investors and active traders who want a large, bank-affiliated multi-asset brokerage with $0 online listed stock/ETF commissions, strong platform dept…

Vanguard Marketing Corporation / Vanguard Brokerage Services is a FINRA-regulated broker-dealer and SIPC member; SEC number appears in FINRA BrokerCheck.

SEC; FINRA; SIPC; CFTC; NFA; FDIC

CRD#: 7452; SEC#: 8-21570

Charles Schwab & Co., Inc. CRD 5393; SEC 801-29938 and 8-16514

Brokerage assets are held through Vanguard Brokerage Services, a division of Vanguard Marketing Corporation, member FINRA and SIPC. Advice services are provided by Vanguard Advisers, Inc., a registered investment advisor, or by Vanguard National Trust Company, a federally chartered, limited-purpose trust company.

Charles Schwab & Co., Inc.; Charles Schwab Futures and Forex LLC; Charles Schwab Bank, SSB; Charles Schwab Premier Bank, SSB

No CFD/forex negative balance protection found; Vanguard margin disclosure says clients can lose more than deposited and are responsible for any shortfall after forced liquidation.

Not disclosed as retail brokerage negative balance protection; futures/forex are leveraged and losses may exceed initial investment.

SIPC coverage up to $500,000 including $250,000 cash; certain bank sweep deposits are FDIC insured subject to limits.

SIPC protection up to $500,000 including a $250,000 cash limit for brokerage account assets; futures accounts are not protected by SIPC.

$0 to open a Vanguard Brokerage Account; mutual funds vary by fund; Vanguard ETFs $1 per share; Digital Advisor requires $100 per brokerage account.

$0 minimum for standard U.S. brokerage and IRA accounts; Schwab One International accounts require a minimum deposit but amount is not disclosed in checked official pages.

Not applicable as a forex/CFD spread field; Vanguard is not presented as a forex/CFD broker. ETF shares trade on the secondary market at market prices that may be above or below NAV.

Not applicable to this stock/ETF investment broker profile; no CFD/FX spread schedule identified as a core product in reviewed sources.

$0 online stocks, ETFs and Vanguard mutual fund trades; options $0 + $1 per contract; broker-assisted commission may apply.

stock_commission: $0 online commission for listed stocks and ETFs; OTC equities $6.95; broker-assisted service charge $25; etf_commission: $0 online commission for listed U.S.-exchange ETFs; options_commission: $0 online base commission plus $0.65 per options contract; futures_commission: $2.25 per contract, per side, for futures and futures options; exchange, regulatory, overnight, NFA, and market-data fees may apply; mutual_fund_commission: $0 on thousands of Schwab Mutual Fund OneSource funds; all other mutual funds up to $74.95 per purchase; bond_commission: New-issue bonds/CDs: $0 online/selling concession included; Treasuries online $0; most other secondary bonds $1 per bond with $10 minimum and $250 maximum; forex_commission: $0 commission; forex trade costs are reflected in the bid/ask spread

Vanguard does not charge for Electronic Bank Transfers; wire transfers are $10 where applicable; physical certificate deposits can cost $100 per CUSIP.

$0 for funds entering a standard brokerage account; banking deposit services generally no monthly/account minimum fees, but certain services can have fees

ACH/electronic bank transfers are not charged by Vanguard; wires are $10 where applicable; full account closure/transfer-out may be $100.

No fee for routine withdrawals from standard brokerage per FAQ; full outbound ACAT $50 and outgoing wire $25; Schwab Bank Investor Checking has unlimited ATM fee rebates for cash withdrawals worldwide, subject to conditions.

No distinct inactivity fee found in official fee schedule; annual account service fee may apply instead.

$0 annual maintenance/inactivity fee for standard brokerage accounts

Vanguard Brokerage Account can hold mutual funds, ETFs, stocks, bonds, options, CDs and cash/money market products.

Stocks; fractional shares; ETFs; mutual funds; bonds/CDs/fixed income; money market funds; options; futures; futures options; forex; international stocks/ADRs/foreign ordinaries; cash products; annuities; alternatives; crypto ETPs/securities/futures.

Vanguard supports online brokerage trading through its website and mobile app for account management, deposits/withdrawals and buying/selling investments.

Schwab.com; Schwab Mobile; thinkorswim desktop; thinkorswim web; thinkorswim mobile; paperMoney

Vanguard supports individual/joint brokerage accounts, IRAs, custodial accounts, 529 plans, cash management and advice/robo-advisor services.

Individual Brokerage; Joint Brokerage; Schwab One Brokerage; Investor Checking-linked brokerage; Futures Account; Global Account; IRAs; custodial, education, trust, estate, organization, and business retirement accounts; Schwab Intelligent Portfolios.

Funding methods include bank transfer, check/mobile check deposit, and asset transfers/rollovers.

ACH/electronic transfer/MoneyLink; wire transfer; check/mail check; Schwab Mobile Deposit for checking; direct deposit for checking; account transfer/ACAT; branch/in-person deposit where available.

Withdrawals/transfers can be initiated from settlement fund; fee schedule covers electronic bank transfers/ACH and wire transfers.

Transfer to linked bank/checking; wire transfer; check; ATM/debit card for Schwab Bank Investor Checking; ACAT outbound account transfer.

Securities settle T+1 before proceeds can be withdrawn; electronic bank transfer/check funding may have a 7-calendar-day hold; incoming digital asset transfers may take as little as 5–7 days.

Cash moved from brokerage to linked Investor Checking is generally available in seconds, but weekend/after-hours transfers may not be available until the next business day; other withdrawal methods vary/not fully disclosed on checked pages.