Axos Invest vs SogoTrade Comparison: Fees, Features, and More (2026)
Axos Invest and SogoTrade 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 | SogoTrade |
|---|---|---|
| Website | https://www.axos.com/invest | https://www.sogotrade.com/ |
| Broker Type | Discount | Discount (online self-directed) |
| Trading: Stock & ETF? | Yes | Yes |
| ETF & Stock commission | $0 per trade (other fees may apply) | $0 qualifying limit (100+ sh or ≥$2k principal, ≥$1/sh); $2.88 market/odd-lot/OTC |
| Fractional Shares? | No | No |
| Percent Allocations? | No (self-directed) | No |
| Crypto Trading? | No | Yes, via Bakkt (individual non-retirement accounts; ~33 coins; all 50 US states, NY USDC restriction). |
| Crypto Fees | N/A | Greater of $1 or 1% of trade value (Bakkt); other account fees may apply. |
| Options Trading? | Yes (subject to approval) | Yes. |
| Options Fee | $1.00 per contract ($0.80 with Axos Elite, $10/mo) | $0 + $0.50 per contract online; $25 + $0.50 broker-assisted; plus ORF/OCC/regulatory fees. |
| Bond Trading Available? | No | Yes, broker-assisted only ($30 + $1 per bond, $250 max) for Treasuries, corporates, CDs. |
| Receives payment for order flow (PFOF)? | Yes (receives PFOF rebates) | Yes |
| Interface: Web trading? | Yes | Yes (SogoTrade Pro web platform and mobile app). |
| Desktop trading? | No | No |
| API Trading? | No | No |
| Mutual Funds: Offered? | Yes | Yes, broker-assisted only |
| Total Mutual Funds | 10,000+ | Not verified |
| NTF Mutual Funds | 10,000+ (no-load) | None |
| Non-NTF Fund Fee | $0 (no-load) | $25 broker-assisted |
| Early Redemption Fee? | Yes (no broker short-term fee listed) | Not verified |
| Redemption Hold (Days) | None listed by broker (fund-specific possible) | not applicable |
| Early Redemption Fee | $0 (no broker fee listed) | not applicable |
| Accounts: Margin Accounts? | Yes (self-directed; approval required, $2,000 min equity) | Yes |
| IRAs Offered? | Yes (Traditional, Roth, Rollover; SEP not listed) | Yes |
| HSAs Offered? | No | No |
| Money Market Sweep? | Yes (Axos Clearing Insured Deposit Program) | No |
| CDs Offered? | No | No |
| Robo-Advisor: Offered | Yes | Yes |
| Robo-Advisor Service | Axos Managed Portfolios | Power Portfolios |
| 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+) | 0.75% |
| Basics: Headquarters | Las Vegas, NV | New York, NY |
| Year Founded | 2009 (as WiseBanyan); rebranded 2019 | 1986 |
| Clearing Firm | Axos Clearing LLC | Apex Clearing |
| Local Branches? | No | No |
| New Account Minimum | $0 (Self-Directed); $50 IRA; $500 Managed Portfolios | unavailable |
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