Platform Comparison

Axos Invest vs TD Ameritrade

Detailed side-by-side comparison to help you choose the best platform 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.

Higher Rated
TD

TD Ameritrade

4.7

The legendary thinkorswim platform lives on under Schwab. All TD Ameritrade accounts have been migrated—new customers should open a Schwab account directly.

Feature Comparison

FeatureAxos InvestTD Ameritrade
Our Rating3.9/54.7/5
Trading CommissionsN/AN/A
Account Minimum$1N/A
Fractional SharesN/AN/A
DRIPYesVia Schwab
Research ToolsAutomatedGood
Best ForCost-Conscious BeginnersFormer TD Ameritrade Customers

Pros & 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

TD Ameritrade

Pros

  • + thinkorswim platform retained and integrated into Schwab
  • + All former TD Ameritrade accounts successfully migrated
  • + Commission-free trading continues under Schwab
  • + 400+ technical analysis tools in thinkorswim
  • + Trading simulator for practice without risk

Cons

  • - TD Ameritrade no longer accepts new accounts
  • - TD Ameritrade API permanently shut down
  • - Some interface changes during Schwab transition
  • - Former TD-only features may differ slightly

Which Platform is Right for You?

Choose Axos Invest if you...

  • Want cost-conscious beginners focused features
  • Need automatic dividend reinvestment

Choose TD Ameritrade if you...

  • Want former td ameritrade customers focused features
  • Prefer a higher-rated overall platform

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.