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

SoFi Invest and Axos Invest 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: SoFi Invest vs Axos Invest (2026)
Feature SoFi Invest Axos Invest
Website https://www.sofi.com/invest/ https://www.axos.com/invest
Broker Type Discount (self-directed online brokerage + robo-advisor) Discount
Trading: Stock & ETF? Yes Yes
ETF & Stock commission $0 commissions $0 per trade (other fees may apply)
Fractional Shares? Yes ($5 min on select stocks/ETFs) No
Percent Allocations? No No (self-directed)
Crypto Trading? Yes. SoFi Crypto offers 28 cryptocurrencies (as of May 2026); requires SoFi Checking & Savings. No
Crypto Fees Tiered 1.90%/1.50%/1.25%/0.90% of trade value by monthly volume (<$1k/$1-5k/$5-10k/$10k+); possible ≤0.10% spread. N/A
Options Trading? Yes. Options trading available (long calls/puts, covered calls, cash-secured puts; 0DTE and IRAs). Yes (subject to approval)
Options Fee $0 commissions and $0 contract fees. Regulatory fees apply (e.g., ORF $0.02, OCC $0.025 per contract). $1.00 per contract ($0.80 with Axos Elite, $10/mo)
Bond Trading Available? No. Individual bonds not offered; exposure via bond ETFs and mutual funds only. No
Receives payment for order flow (PFOF)? Yes. Receives payment-for-order-flow revenue share via Apex Clearing. Yes (receives PFOF rebates)
Interface: Web trading? Yes. Full trading on SoFi mobile app (iOS/Android) and sofi.com website. Yes
Desktop trading? No No
API Trading? No No
Mutual Funds: Offered? Yes Yes
Total Mutual Funds 6,800+ 10,000+
NTF Mutual Funds 6,800 10,000+ (no-load)
Non-NTF Fund Fee 0.2% of purchase (max $20); 2% for interval/tender funds $0 (no-load)
Early Redemption Fee? Yes (no SoFi short-term fee) Yes (no broker short-term fee listed)
Redemption Hold (Days) Fund-specific (CDSC varies by fund); no SoFi-imposed hold. None listed by broker (fund-specific possible)
Early Redemption Fee Fund-specific CDSC (varies); SoFi charges none (purchase tx fee 0.2% max $20). $0 (no broker fee listed)
Accounts: Margin Accounts? Yes (Self-Directed; apply, $2,000 min). Yes (self-directed; approval required, $2,000 min equity)
IRAs Offered? Yes: Traditional, Roth, and SEP IRAs. Yes (Traditional, Roth, Rollover; SEP not listed)
HSAs Offered? No No
Money Market Sweep? Yes (optional FDIC bank sweep via Apex). Yes (Axos Clearing Insured Deposit Program)
CDs Offered? No No
Robo-Advisor: Offered Yes Yes
Robo-Advisor Service SoFi Automated Investing (Robo Investing) Axos Managed Portfolios
Robo-Advisor Fees 0.25% annual wrap/advisory fee plus fund expenses; $50 min. Model fee 0.20–0.59% AUM (varies by model/AUM); $40 min annual if model fee <$10/qtr; +0.20% optional TLH ($25k+)
Basics: Headquarters San Francisco, CA Las Vegas, NV
Year Founded 2011 2009 (as WiseBanyan); rebranded 2019
Clearing Firm Apex Clearing Corporation Axos Clearing LLC
Local Branches? No No
New Account Minimum $0 $0 (Self-Directed); $50 IRA; $500 Managed Portfolios

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