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Axos® Self-Directed Trading: 2022 Review

Axos Invest empowers individuals to reach their financial goals through low-to-zero fee investing. Axos Invest assists clients in achieving financial success through an automated financial planning platform.

Axos was founded in 2000 and has made a name as one of the leading online banking platforms out there. They have one of the best high-yield savings accounts available and offer a variety of lending, investment, business, and commercial banking services.

Leila Cohen writer
Leila Cohen
Jun 09, 2022

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.


Pros
  • No minimum investment required
  • Commission-free trading
  • Over 10,000 mutual funds
Cons
  • Less customer service and support
  • Lower selection than other trading platforms
  • Elite membership is required for real-time data

Axos® Self-Directed Trading at a glance

Managed Portfolios
Personalized, automated investment portfolios with low management fees
Self-Directed Trading
No-commission trading with a wide range of stocks, ETFs, mutual funds, and options

About Axos Bank®

Axos Bank, formerly known as Bank of Internet USA, offers an incredible selection of online banking options for customers who are comfortable with a bank without physical locations. Axos covers all customer needs through a variety of account options ranging from basic checking accounts to investment banking.

Axos Bank, like many other online banking platforms, offers one of the highest interest rates in the industry. Taking into account the zero monthly fees and additional benefits, Axos Bank is a major competitor. Axos prides itself on being a bank for its customers, focusing on helping them reach their financial goals. According to Tracy Gallman, SVP Axos Invest, “We had one simple goal in creating Axos Invest: to ensure that every client has access to the investment services they need to accomplish their wealth goals.”

Axos Bank proves this by their excellent customer service, 24/7 online access, and even a live chat feature on Axos’ website, Monday through Friday. The feature is available for everyone, including non-accountholders, to give them the opportunity to understand if Axos Bank is right for them.

At Axos, there are two investment options

Managed Portfolios
Personalized, automated investment portfolios with low management fees.

Self-Directed Trading
No-commission trading with a wide range of stocks, ETFs, mutual funds, and options. $150 bonus when you open an account and deposit at least $1,000.

“Axos Self-Directed Trading makes transferring funds significantly more accessible than other platforms”

Invest to Self-Directed Trading

Axos Invest empowers individuals to reach their financial goals through low-to-zero fee investing. Axos Bank launched Axos Invest to assist clients in achieving financial success through an automated financial planning platform that started with its Managed Portfolios account.

Self-Directed Trading allows customers to invest in commission-free trading on a wide range of stocks, ETFs, mutual funds, and options. Self-Directed Trading accounts are integrated directly into account-holders bank accounts, making transferring funds significantly more accessible than other platforms.

Pricing and Rates

Stocks: $0 per trade on eligible stocks; other fees may apply

ETFs: $0 per trade on eligible ETFs; other fees may apply

Mutual Funds: $9.95 per trade

Options: $1 per contract

Customers can open individual, joint, or retirement accounts that are fully-integrated into pre-existing checking or savings accounts with Axos Bank. This allows account holders to manage their finances through a single application.

If you’d like to upgrade your investment account, you can sign up for an Axos Elite membership for $10 per month. Account-holders will have access to reduced fees on options contracts, extended market hours, real-time market data, and more.

“Fully-integrated accounts allow holders to manage their finances through a single application”

How does Axos Bank® compare?

  • Minimum investment: $0
  • Monthly fees: $0
  • Bonus: $100
  • Minimum investment: $0
  • Monthly fees: $0
  • Bonus: $600

Bottom Line

Axos Invest Self-Directed Trading is a solid option to consider due to the combination of commission-free stocks and ETF investing, along with its integration with Axos Bank for account holders to manage their finances under one roof. There are undoubtedly other trading platforms that offer better rates and human advisors. Still, with its zero minimum investment and no monthly fees, Axos Invest is an excellent place to start!


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