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Vanguard vs TD Direct Investing : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Vanguard
TD Direct Investing
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP and ECN broker
None
Years of Existence / Established Year
1975
1984
Customer Base / Number of Accounts
50M+
17 M
Regulation & Security
Regulations (governing bodies)
SEC
CIPF, CIRO
Awards Won (count for the last 2 years)
No major awards listed
No major awards listed
Security Measures
AML, SIPC, FIDC
CIPF
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
No
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
3,400 mutual funds and 191 Vanguard products including CDs, Cash investment, Index funds, Retirement funds, Actively managed funds, ESG funds
Fixed income investments, GICs
Currency Pairs
No
No
Commodities
No
No
Indices
No
No
Cryptocurrencies
No
Yes
CFDs
No
No
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
Yes
Futures
No
No
Bonds
Yes
Yes
Mutual Funds
Yes
Yes
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
No
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
No
MT5
No
No
cTrader
No
No
Social Trading
No
Copy Trading
No
No
Other Trading Platforms (proprietary, etc.)
User-friendly web interface & mobile app
TD app, web trader, Advanced dashboard, TD active trader
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
IRAs, Brokerage accounts, 529 saving plans, Cash management, UGMA/UTMA, Small business retirement, 403(b) services
Margin account, cash trading account, TFSA, RSP, RESP, RIF, LIRA, LIF, RDSP
Demo Account (Yes/No)
No
No
Islamic Accounts (Yes/No)
Yes
No
Minimum Deposit
$0
$0
Leverage Available
No
No
Trade Limit (maximum per trade)
99,999 shares
Depends on asset types
Commission (per account type)
$0
NA
Best Suited For (e.g., beginners, experienced traders)
Beginners to experienced traders
Beginners and experienced traders
Deposit & Withdrawal Options
Deposit Methods
Electronic bank transfer, Wire transfer, Vanguard account, Direct account, Check
Direct bank account, Check
Withdrawal Methods
Electronic bank transfer, Automatic investment plan, Automatic withdrawal plan, Wire redemption, Mobile check investment
SWIP, Wire payment
Other E-Wallets Supported
No
No
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Investor Education, Retirement Resources, Market Analysis and Insights, Webinars and Online Seminars, Investment Guides and Tools
Learning Centre - Investing Education, Market Insights and Analysis, Webinars, Investing Guides, Video Tutorials, TD Direct Investing Community Forum
Fees & Commissions
Trading-Related Fees
Commission- $0, 30-day median bid/ask spread - Vanguard Advisors
Commission -mutual funds- $0 , IPOs, Equities- $7.00- $9.99, Stock - $3- $43, Bonds- $40 + $1.50/1,000
Spread (typical, fixed, variable)
Variable
NA
Per Lot Fees
NA
NA
Options Contract Fees
$0 base fee, $1 per contract
$9.99 + $1.25 per contract
Futures Contract Fees
NA
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
No
No
Non-Trading Fees
Dormant Fees
NA
NA
Subscription Fees (for premium features, data feeds)
NA
NA
Advisory Fees
$15- $30/ year
NA
Swap Fees (Overnight Financing)
Yes
NA
Statement or Document Fee
NA
$2-$5
Account Opening Fee
NA
Applicable, Depends on account types
Account Maintenance Fee
$25
$25 per quarter
Deposit Fee
NA
$17.50 U.S
Currency Conversion Fee
Vanguard uses its own exchange rate
2.50%
Withdrawal Fee
Wire transfer- $10
$30-$100
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
No
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
Monday through Friday, 9:30 a.m. to 4 p.m., Eastern time
Pre-market trading hours (8 a.m. to 9:30 a.m. ET) and after-hours trading (4 p.m. to 8 p.m. ET)
Customer Support
Support Hours (e.g., 24/7, weekdays only)
Monday to Friday, 8:00 am - 8:00 pm EST
Monday to Friday, 7 am to 10 pm ET
Customer Support Methods (phone, email, live chat)
Phone: 877-662-7447, E-mail: [email protected]
Phone: 1-800-465-5463, , Book an appointment
Support Languages
8+
4
Additional Information
Headquarters Location
Valley Forge, Pennsylvania, USA
66 Wellington Street West, Toronto, ON M5K 1A2
Complaints (for crypto brokers)
No
No
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