Axos Invest vs Interactive Brokers Comparison: Fees, Features, and More (2026)

Axos Invest and Interactive Brokers 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.

Head-to-Head Comparison: Axos Invest vs Interactive Brokers (2026)
Feature Axos Invest Interactive Brokers
Website https://www.axos.com/invest https://www.interactivebrokers.com/
Broker Type Discount Self-directed online discount broker
Trading: Stock & ETF? Yes Yes
ETF & Stock commission $0 per trade (other fees may apply) IBKR Lite: $0 US-listed stocks/ETFs (US residents); IBKR Pro: $0.005/share fixed (min $1) or $0.0005–$0.0035/share tiered (min $0.35)
Fractional Shares? No Yes (eligible US/CA/EU stocks & ETFs, from $1)
Percent Allocations? No (self-directed) Yes (TWS Rebalance Portfolio sets custom target %)
Crypto Trading? No Yes (spot crypto via Paxos/Zero Hash for eligible US IB LLC clients; permissions required; also futures/ETPs)
Crypto Fees N/A 0.12%–0.18% of trade value (monthly volume tiers), USD 1.75 min/order (capped at 1% of value); no added spreads/markups/custody fees; possible $0.15/mo Paxos fee
Options Trading? Yes (subject to approval) Yes
Options Fee $1.00 per contract ($0.80 with Axos Elite, $10/mo) US: Lite $0.65/contract ($1 min; Pro rates after 1k contracts/mo); Pro $0.15–$0.65/contract (volume/premium tiers), $1 min/order + exchange/reg/clearing fees
Bond Trading Available? No Yes (US Treasuries, corporates, munis, CDs, 1M+ global bonds)
Receives payment for order flow (PFOF)? Yes (receives PFOF rebates) Sometimes (Lite receives PFOF on US stocks/options; Pro generally avoids via SmartRouting)
Interface: Web trading? Yes Yes (Client Portal web; IBKR Mobile and GlobalTrader apps)
Desktop trading? No Yes; Trader Workstation (TWS) and IBKR Desktop.
API Trading? No Yes; TWS API and Web API for retail algorithmic trading.
Mutual Funds: Offered? Yes Yes
Total Mutual Funds 10,000+ 50,000+
NTF Mutual Funds 10,000+ (no-load) 20,000+
Non-NTF Fund Fee $0 (no-load) Lesser of 3% of trade value or USD 14.95 per transaction (US).
Early Redemption Fee? Yes (no broker short-term fee listed) Yes (no IBKR fee); fund companies may charge per prospectus.
Redemption Hold (Days) None listed by broker (fund-specific possible) None by IBKR (0 days); fund prospectus may impose.
Early Redemption Fee $0 (no broker fee listed) $0 from IBKR; funds may charge per prospectus.
Accounts: Margin Accounts? Yes (self-directed; approval required, $2,000 min equity) Yes (Cash, Margin, or Portfolio Margin; typically $2,000 equity for margin).
IRAs Offered? Yes (Traditional, Roth, Rollover; SEP not listed) Yes (Traditional, Roth, SEP, SIMPLE, Inherited, Rollover).
HSAs Offered? No No
Money Market Sweep? Yes (Axos Clearing Insured Deposit Program) Yes (Insured Bank Deposit Sweep Program).
CDs Offered? No Yes (brokered CDs).
Robo-Advisor: Offered Yes Yes
Robo-Advisor Service Axos Managed Portfolios Interactive Advisors
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+) 0.10%–0.75% AUM/year (varies by portfolio; IA 0.10%–0.20%, managers 0.25%–0.75%); no commissions
Basics: Headquarters Las Vegas, NV Greenwich, CT
Year Founded 2009 (as WiseBanyan); rebranded 2019 1977
Clearing Firm Axos Clearing LLC Self-clearing
Local Branches? No No
New Account Minimum $0 (Self-Directed); $50 IRA; $500 Managed Portfolios $0

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