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

ZacksTrade 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: ZacksTrade vs Axos Invest (2026)
Feature ZacksTrade Axos Invest
Website https://www.zackstrade.com/ https://www.axos.com/invest
Broker Type Discount Discount
Trading: Stock & ETF? Yes Yes
ETF & Stock commission $0.01 per share (minimum $1); 1% of trade value below $1/share $0 per trade (other fees may apply)
Fractional Shares? No No
Percent Allocations? Yes; Rebalance Portfolio No (self-directed)
Crypto Trading? No No
Crypto Fees Not applicable N/A
Options Trading? Yes Yes (subject to approval)
Options Fee $1 for first contract + $0.75 per additional $1.00 per contract ($0.80 with Axos Elite, $10/mo)
Bond Trading Available? Yes; corporate and government bonds No
Receives payment for order flow (PFOF)? Yes Yes (receives PFOF rebates)
Interface: Web trading? Yes Yes
Desktop trading? Yes; Zacks Trade Pro/Client Portal/app No
API Trading? No No
Mutual Funds: Offered? Yes Yes
Total Mutual Funds Not publicly stated 10,000+
NTF Mutual Funds Not publicly stated 10,000+ (no-load)
Non-NTF Fund Fee $27.50 $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, 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 Chicago, IL Las Vegas, NV
Year Founded 2013 2009 (as WiseBanyan); rebranded 2019
Clearing Firm Interactive Brokers LLC Axos Clearing LLC
Local Branches? No; online broker No
New Account Minimum $0 $0 (Self-Directed); $50 IRA; $500 Managed Portfolios

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