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Vanguard Brokerage Services

Vanguard Brokerage Services
Overall Rating: Product Rating: 3.5
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Vanguard is not at the vanguard

Written: Aug 04 '00

Product Rating: Product Rating: 3.0
Pros: reliable

Cons: few advanced capabilities
gadgetluvr's Full Review: Vanguard Brokerage Services
I have brokerage accounts at Charles Schwab, E-trade and Vanguard. Although Vanguard seems competent enough at the basics, they lack a lot of features that Schwab and E-trade have for more sophisticated investing. They don't allow trades in 32nds or smaller over their website, which is a problem for penny stocks, even those traded on the Nasdaq. The don't allow stop loss orders on many stocks that other brokerages seem to. They don't connect to Quicken to download information. They don't have a way of trading using a handheld. Because of their background in mutual funds I believe they have a strong bias toward funds and traditional investing. Unfortunately no one told me that when I set up my account. If you are an active investor, I would suggest a more progressive broker.



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gadgetluvr
Reviews written: 8
Trusted by: 1 member

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