M1 Finance vs Axos Invest Comparison: Fees, Features, and More (2025)

M1 Finance and Axos Invest are two leading discount brokerages offering commission-free stock and ETF trading. Use this head-to-head comparison table to evaluate fees, features, trading tools, and account options to help you decide which broker is right for you in 2025.

Head-to-Head Comparison: M1 Finance vs Axos Invest (2025)
Feature M1 Finance Axos Invest
Website https://www.m1finance.com/ https://www.axos.com/invest
Broker Type Discount Discount
Trading: Stock & ETF? Yes Yes
ETF & Stock commission No fee No fee
Fractional Shares? Yes No
Percent Allocations? Yes; M1 Pies No
Crypto Trading? No No
Crypto Fees not applicable not applicable
Options Trading? No Yes
Options Fee not applicable not published
Bond Trading Available? No No
Pays for Order Flow (PFOF)? Yes Unknown
Interface: Web trading? Yes Yes
Desktop trading? No No
API Trading? No No
Mutual Funds: Offered? No Yes
Total Mutual Funds None Over 10,000
NTF Mutual Funds None Over 4,000
Non-NTF Fund Fee not applicable $4.95
Early Redemption Fee? not applicable Yes
Redemption Hold (Days) not applicable 30 days
Early Redemption Fee not applicable $4.95
Accounts: Margin Accounts? Yes Yes
IRAs Offered? Yes Yes
HSAs Offered? No No
Money Market Sweep? No No
CDs Offered? Yes No
Robo-Advisor: Offered Yes Yes
Robo-Advisor Service none Axos Managed Portfolios
Robo-Advisor Fes not applicable 0.24%
Basics: Headquarters Chicago, IL San Diego, CA
Year Founded 2015 2000
Clearing Firm Apex Clearing Axos Clearing
Local Branches? No No
New Account Minimum $100 $0

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