Axos Invest vs Firstrade Comparison: Fees, Features, and More (2026)
Axos Invest and Firstrade 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 2026.
| Feature | Axos Invest | Firstrade |
|---|---|---|
| Website | https://www.axos.com/invest | https://www.firstrade.com/ |
| Broker Type | Discount | Discount (self-directed online brokerage) |
| Trading: Stock & ETF? | Yes | Yes |
| ETF & Stock commission | $0 per trade (other fees may apply) | $0 online ($19.95 broker-assisted) |
| Fractional Shares? | No | Yes (most U.S. stocks/ETFs; $5 min) |
| Percent Allocations? | No (self-directed) | No |
| Crypto Trading? | No | No |
| Crypto Fees | N/A | N/A |
| Options Trading? | Yes (subject to approval) | Yes |
| Options Fee | $1.00 per contract ($0.80 with Axos Elite, $10/mo) | $0 commission and $0/contract; plus pass-through ORF (~$0.02/contract from Jul 2026) and SEC sell fees |
| Bond Trading Available? | No | Yes (web only; net yield basis/markup) |
| Receives payment for order flow (PFOF)? | Yes (receives PFOF rebates) | Yes |
| Interface: Web trading? | Yes | Yes |
| Desktop trading? | No | No |
| API Trading? | No | No |
| Mutual Funds: Offered? | Yes | Yes |
| Total Mutual Funds | 10,000+ | 11,000+ |
| NTF Mutual Funds | 10,000+ (no-load) | 11,000+ |
| Non-NTF Fund Fee | $0 (no-load) | $0 online; $19.95 broker-assisted (no-load) |
| Early Redemption Fee? | Yes (no broker short-term fee listed) | No ($19.95 if held <90 days) |
| Redemption Hold (Days) | None listed by broker (fund-specific possible) | 90 days |
| Early Redemption Fee | $0 (no broker fee listed) | $19.95 |
| Accounts: Margin Accounts? | Yes (self-directed; approval required, $2,000 min equity) | Yes (approval; $2,000 min assets; not IRAs/custodial/ESA) |
| IRAs Offered? | Yes (Traditional, Roth, Rollover; SEP not listed) | Yes (Traditional, Roth, SEP, SIMPLE, Rollover) |
| HSAs Offered? | No | No |
| Money Market Sweep? | Yes (Axos Clearing Insured Deposit Program) | Yes (FDIC sweep via Apex; 0.15%; not margin/SIMPLE IRA/ESA) |
| CDs Offered? | No | Yes (primary $30; secondary net yield) |
| Robo-Advisor: Offered | Yes | No |
| Robo-Advisor Service | Axos Managed Portfolios | N/A |
| Robo-Advisor Fees | Model fee 0.20–0.59% AUM (varies by model/AUM); $40 min annual if model fee <$10/qtr; +0.20% optional TLH ($25k+) | N/A |
| Basics: Headquarters | Las Vegas, NV | Flushing, NY |
| Year Founded | 2009 (as WiseBanyan); rebranded 2019 | 1985 |
| Clearing Firm | Axos Clearing LLC | Apex Clearing Corporation |
| Local Branches? | No | Yes (Flushing, NY HQ office, Mon-Fri 10am-4pm ET); no nationwide network |
| New Account Minimum | $0 (Self-Directed); $50 IRA; $500 Managed Portfolios | $0 |
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