Axos Invest
Pros
- Low 0.24% annual fee for Managed Portfolios
- Commission-free stocks and ETFs in self-directed accounts
- No withdrawal or inactivity fees
- Portfolio customization across up to 32 investment types
- Tax-loss harvesting available for eligible accounts
- Automatic portfolio rebalancing included
- Integration with Axos Bank accounts
- Individual, joint, and IRA account types supported
Cons
- $500 minimum balance required for Managed Portfolios advisory fee rate
- Tax-loss harvesting requires $25,000 minimum and costs an additional 0.20%
- No standalone mobile trading app - brokerage accessed via general Axos Bank app
- Options cost $1.00 per contract (standard); Axos Elite reduces this to $0.80 but requires a $10/month subscription
- Advanced features require $10/month Axos Elite subscription
- No crypto trading offered
- No demo account available
- BBB-rated D- (not accredited)