Tradestation vs Axos Invest Comparison: Fees, Features, and More (2026)
Tradestation 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.
| Feature | Tradestation | Axos Invest |
|---|---|---|
| Website | https://www.tradestation.com/ | https://www.axos.com/invest |
| Broker Type | Discount | Discount |
| Trading: Stock & ETF? | Yes | Yes |
| ETF & Stock commission | $0; routing/clearing fees may apply | $0 per trade (other fees may apply) |
| Fractional Shares? | No | No |
| Percent Allocations? | No | No (self-directed) |
| Crypto Trading? | Yes | No |
| Crypto Fees | Tiered maker/taker pricing based on account balance | N/A |
| Options Trading? | Yes | Yes (subject to approval) |
| Options Fee | $0.80/contract standard tier; $0.40/contract multi-leg | $1.00 per contract ($0.80 with Axos Elite, $10/mo) |
| Bond Trading Available? | Yes; Treasuries, corporate, and municipal bonds | No |
| Receives payment for order flow (PFOF)? | Yes | Yes (receives PFOF rebates) |
| Interface: Web trading? | Yes | Yes |
| Desktop trading? | Yes; TradeStation Desktop/Web/Mobile | No |
| API Trading? | Yes; TradeStation WebAPI and FIX APIs | No |
| Mutual Funds: Offered? | Yes | Yes |
| Total Mutual Funds | Over 2,000 | 10,000+ |
| NTF Mutual Funds | Not publicly stated | 10,000+ (no-load) |
| Non-NTF Fund Fee | $14.95 | $0 (no-load) |
| Early Redemption Fee? | Varies by fund | Yes (no broker short-term fee listed) |
| Redemption Hold (Days) | Fund-specific | None listed by broker (fund-specific possible) |
| Early Redemption Fee | Fund-specific | $0 (no broker fee listed) |
| Accounts: Margin Accounts? | Yes | Yes (self-directed; approval required, $2,000 min equity) |
| IRAs Offered? | Yes; Traditional, Roth, SEP, SIMPLE, and Rollover | Yes (Traditional, Roth, Rollover; SEP not listed) |
| HSAs Offered? | No | No |
| Money Market Sweep? | No | Yes (Axos Clearing Insured Deposit Program) |
| CDs Offered? | No | No |
| Robo-Advisor: Offered | No | Yes |
| Robo-Advisor Service | None | Axos Managed Portfolios |
| Robo-Advisor Fees | Not applicable | 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 | Plantation, FL | Las Vegas, NV |
| Year Founded | 1982 | 2009 (as WiseBanyan); rebranded 2019 |
| Clearing Firm | TradeStation Securities, Inc. (self-clearing) | Axos Clearing LLC |
| Local Branches? | No; corporate offices only | No |
| New Account Minimum | $0 (Self-Directed); $50 IRA; $500 Managed Portfolios |
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