Platform Comparison

Axos Invest vs Charles Schwab

Compare Axos Invest and Charles Schwab 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
CS

Charles Schwab

★4.8

A trusted full-service broker with zero commissions, 400+ branches, and powerful thinkorswim trading platform.

Full Review

Axos Invest vs Charles Schwab: Fees, Minimums & DRIP Compared

FeatureAxos InvestCharles Schwab
Our Rating3.9/54.8/5
Trading CommissionsN/A$0
Account Minimum$1$0
Fractional SharesN/AS&P 500 only
DRIPYesFree
Research ToolsAutomatedExcellent
Best ForCost-Conscious BeginnersBeginners Who Want Support

Axos Invest vs Charles Schwab: 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

Charles Schwab

Pros

  • + Zero commissions on stocks, ETFs, and options
  • + No account minimums or inactivity fees
  • + 24/7 customer support with knowledgeable representatives
  • + 400+ physical branches for in-person help
  • + Free automatic dividend reinvestment (DRIP)

Cons

  • - Fractional shares limited to S&P 500 stocks with $5 minimum
  • - Mobile app can feel clunky compared to newer brokers like Robinhood
  • - DRIP is not enabled by default—you must turn it on manually
  • - Robo-advisor requires $5,000 minimum to start

Which Is Better for Dividend Investors: Axos Invest or Charles Schwab?

Choose Axos Invest if you...

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

Choose Charles Schwab if you...

  • Are in Charles Schwab's core audience: beginners who want support
  • Prefer a higher-rated overall platform

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

Compare Other Platforms

Not sure these are the right fit? Explore more comparisons.

Axos Invest vs FidelityAxos Invest vs M1 FinanceAxos Invest vs TD AmeritradeCharles Schwab vs FidelityCharles Schwab vs M1 FinanceCharles Schwab vs TD Ameritrade
View All Platforms

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.