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

Axos Invest and Robinhood 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 Robinhood (2026)
Feature Axos Invest Robinhood
Website https://www.axos.com/invest https://robinhood.com/
Broker Type Discount Online discount brokerage (mobile app, web, Legend)
Trading: Stock & ETF? Yes Yes
ETF & Stock commission $0 per trade (other fees may apply) $0 commissions (SEC/FINRA sell fees may apply)
Fractional Shares? No Yes ($1 min; most NMS stocks/ETFs)
Percent Allocations? No (self-directed) No
Crypto Trading? No Yes (US-wide via Robinhood Crypto, LLC; all states, DC, PR, USVI)
Crypto Fees N/A MM routing: $0 commissions (RH rebate in spread); exchange routing: 0.00-0.95% volume-tiered maker/taker; transfers $0 + network fees
Options Trading? Yes (subject to approval) Yes
Options Fee $1.00 per contract ($0.80 with Axos Elite, $10/mo) $0 commissions for stock/ETF options; $0.35 Gold/$0.50 non-Gold per index contract plus regulatory/exchange fees
Bond Trading Available? No No (individual bonds/fixed-income not supported; bond ETFs/CEFs available)
Receives payment for order flow (PFOF)? Yes (receives PFOF rebates) Yes (receives PFOF/rebates from market makers for equities, options, and crypto)
Interface: Web trading? Yes Yes (web including Legend browser platform; iOS/Android mobile apps)
Desktop trading? No No; Robinhood Legend is a free browser-based (web) platform, not downloadable.
API Trading? No Yes for crypto (official US Crypto Trading API); no official stocks/equities trading API.
Mutual Funds: Offered? Yes No
Total Mutual Funds 10,000+ 0
NTF Mutual Funds 10,000+ (no-load) 0
Non-NTF Fund Fee $0 (no-load) N/A
Early Redemption Fee? Yes (no broker short-term fee listed) N/A
Redemption Hold (Days) None listed by broker (fund-specific possible) N/A
Early Redemption Fee $0 (no broker fee listed) N/A
Accounts: Margin Accounts? Yes (self-directed; approval required, $2,000 min equity) Yes
IRAs Offered? Yes (Traditional, Roth, Rollover; SEP not listed) Yes (Traditional and Roth; no SEP)
HSAs Offered? No No
Money Market Sweep? Yes (Axos Clearing Insured Deposit Program) Yes
CDs Offered? No No
Robo-Advisor: Offered Yes Yes (Robinhood Strategies hybrid managed portfolios)
Robo-Advisor Service Axos Managed Portfolios Robinhood Strategies
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+) 0.25% AUM/yr; Gold ($5/mo): 0% over $100k ($250/yr cap). $50 min. ETF expenses extra.
Basics: Headquarters Las Vegas, NV Menlo Park, CA
Year Founded 2009 (as WiseBanyan); rebranded 2019 2013
Clearing Firm Axos Clearing LLC Robinhood Securities, LLC
Local Branches? No No
New Account Minimum $0 (Self-Directed); $50 IRA; $500 Managed Portfolios $0

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