Platform Comparison

Axos Invest vs Interactive Brokers

Compare Axos Invest and Interactive Brokers on fees, DRIP, fractional shares and research for dividend investing.

AX

Axos Invest

★3.9

A budget-friendly robo-advisor with automatic rebalancing and tax-loss harvesting at just 0.24% annually—great value but limited customization.

Full Review
Higher Rated
IB

Interactive Brokers

★4.5

The professional-grade platform with access to 150+ global markets, industry-leading margin rates, and powerful screening tools.

Full Review

Axos Invest vs Interactive Brokers: Fees, Minimums & DRIP Compared

FeatureAxos InvestInteractive Brokers
Our Rating3.9/54.5/5
Trading CommissionsN/A$0 (Lite)
Account Minimum$1$0
Fractional SharesN/A10,000+ stocks
DRIPYesSmall fee
Research ToolsAutomatedGood
Best ForCost-Conscious BeginnersInternational Dividend Investors

Axos Invest vs Interactive Brokers: Pros and Cons

Axos Invest

Pros

  • + Very low 0.24% annual advisory fee
  • + No account minimum for managed portfolios ($1 to start)
  • + Automatic dividend reinvestment (DRIP) included
  • + Tax-loss harvesting at no extra cost
  • + Automatic portfolio rebalancing

Cons

  • - Limited portfolio customization—can't exclude specific ETFs
  • - Only 5 pre-built portfolios to choose from
  • - No direct indexing or advanced tax strategies
  • - Customer support limited to business hours

Interactive Brokers

Pros

  • + Access to 150+ markets across 33 countries in 27 currencies
  • + Commission-free US stock and ETF trading with IBKR Lite
  • + Industry-leading low margin rates (5.83% Pro, 6.83% Lite)
  • + Fractional shares on 10,000+ US, Canadian, and European stocks
  • + Powerful dividend yield screeners with 50+ factors

Cons

  • - Steep learning curve—platforms built for professionals
  • - DRIP charges a small commission (unlike most competitors)
  • - Account-level DRIP only—can't select specific stocks
  • - Customer service wait times can be long during peak hours

Which Is Better for Dividend Investors: Axos Invest or Interactive Brokers?

Choose Axos Invest if you...

  • Are in Axos Invest's core audience: cost-conscious beginners
  • Need automatic dividend reinvestment

Choose Interactive Brokers if you...

  • Are in Interactive Brokers's core audience: international dividend investors
  • Prefer a higher-rated overall platform

Want the full breakdown of fees, DRIP, and research tools? Read our Axos Invest review and Interactive Brokers review.

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Investment Disclaimer

Investing involves risk, including possible loss of principal. Past performance does not guarantee future results. This content is for informational purposes only and should not be considered investment advice.