Axos Invest vs Vanguard Comparison: Fees, Features, and More (2026)
Axos Invest and Vanguard 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 | Vanguard |
|---|---|---|
| Website | https://www.axos.com/invest | https://investor.vanguard.com/ |
| Broker Type | Discount | Full-Service |
| Trading: Stock & ETF? | Yes | Yes |
| ETF & Stock commission | $0 per trade (other fees may apply) | $0 online |
| Fractional Shares? | No | Yes; eligible Vanguard ETFs/dollar-based trading |
| Percent Allocations? | No (self-directed) | Yes; Vanguard Digital Advisor/asset-allocation tools |
| Crypto Trading? | No | No |
| Crypto Fees | N/A | Not applicable |
| Options Trading? | Yes (subject to approval) | Yes |
| Options Fee | $1.00 per contract ($0.80 with Axos Elite, $10/mo) | $1/contract |
| Bond Trading Available? | No | Yes; Treasuries, bonds, and CDs |
| Receives payment for order flow (PFOF)? | Yes (receives PFOF rebates) | No |
| Interface: Web trading? | Yes | Yes |
| Desktop trading? | No | No |
| API Trading? | No | No |
| Mutual Funds: Offered? | Yes | Yes |
| Total Mutual Funds | 10,000+ | Over 3,000 |
| NTF Mutual Funds | 10,000+ (no-load) | Over 1,800 |
| Non-NTF Fund Fee | $0 (no-load) | $20 online for transaction-fee funds; $0 for NTF funds |
| Early Redemption Fee? | Yes (no broker short-term fee listed) | No |
| Redemption Hold (Days) | None listed by broker (fund-specific possible) | 60 days |
| Early Redemption Fee | $0 (no broker fee listed) | $50 |
| Accounts: Margin Accounts? | Yes (self-directed; approval required, $2,000 min equity) | Yes |
| IRAs Offered? | Yes (Traditional, Roth, Rollover; SEP not listed) | Yes; Traditional, Roth, SEP, Rollover, and Custodial |
| HSAs Offered? | No | No |
| Money Market Sweep? | Yes (Axos Clearing Insured Deposit Program) | Yes; settlement-fund/cash-deposit sweep |
| CDs Offered? | No | Yes |
| Robo-Advisor: Offered | Yes | Yes |
| Robo-Advisor Service | Axos Managed Portfolios | Vanguard Digital Advisor |
| 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+) | 0.20% all-index; 0.25% active/index mix |
| Basics: Headquarters | Las Vegas, NV | Valley Forge, PA |
| Year Founded | 2009 (as WiseBanyan); rebranded 2019 | 1975 |
| Clearing Firm | Axos Clearing LLC | Vanguard Brokerage Services |
| Local Branches? | No | No; phone/online service |
| New Account Minimum | $0 (Self-Directed); $50 IRA; $500 Managed Portfolios |
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