Axos Invest: Fees, Features, and More (2026)
Axos Invest stands out among discount brokerages with its extensive selection of over 10,000 mutual funds, including more than 4,000 no-transaction-fee options, making it a strong choice for mutual fund investors. Its Axos Managed Portfolios robo-advisor, with a competitive 0.24% fee, offers an accessible automated investing solution for those seeking hands-off management. While it doesn’t support fractional shares or crypto trading, Axos Invest delivers a cost-effective platform with diverse investment options, ideal for investors prioritizing mutual funds and low-fee robo-advisory services.
| Feature | |
|---|---|
| Website | https://www.axos.com/invest |
| Broker Type | Discount |
| Trading: Stock & ETF? | Yes |
| ETF & Stock commission | $0 per trade (other fees may apply) |
| Fractional Shares? | No |
| Percent Allocations? | No (self-directed) |
| Crypto Trading? | No |
| Crypto Fees | N/A |
| Options Trading? | Yes (subject to approval) |
| Options Fee | $1.00 per contract ($0.80 with Axos Elite, $10/mo) |
| Bond Trading Available? | No |
| Receives payment for order flow (PFOF)? | Yes (receives PFOF rebates) |
| Interface: Web trading? | Yes |
| Desktop trading? | No |
| API Trading? | No |
| Mutual Funds: Offered? | Yes |
| Total Mutual Funds | 10,000+ |
| NTF Mutual Funds | 10,000+ (no-load) |
| Non-NTF Fund Fee | $0 (no-load) |
| Early Redemption Fee? | Yes (no broker short-term fee listed) |
| Redemption Hold (Days) | None listed by broker (fund-specific possible) |
| Early Redemption Fee | $0 (no broker fee listed) |
| Accounts: Margin Accounts? | Yes (self-directed; approval required, $2,000 min equity) |
| IRAs Offered? | Yes (Traditional, Roth, Rollover; SEP not listed) |
| HSAs Offered? | No |
| Money Market Sweep? | Yes (Axos Clearing Insured Deposit Program) |
| CDs Offered? | No |
| Robo-Advisor: Offered | Yes |
| Robo-Advisor Service | Axos Managed 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+) |
| Basics: Headquarters | Las Vegas, NV |
| Year Founded | 2009 (as WiseBanyan); rebranded 2019 |
| Clearing Firm | Axos Clearing LLC |
| Local Branches? | No |
| New Account Minimum | $0 (Self-Directed); $50 IRA; $500 Managed Portfolios |
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