Platform Comparison

Axos Invest vs WellsTrade

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

Higher Rated
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.

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WF

WellsTrade

★3.8

WellsTrade is Wells Fargo's self-directed brokerage (not the advisor-led Wells Fargo Advisors) for existing customers who want banking and investing under one roof—basic but functional.

Full Review

Axos Invest vs WellsTrade: Fees, Minimums & DRIP Compared

FeatureAxos InvestWellsTrade
Our Rating3.9/53.8/5
Trading CommissionsN/A$0
Account Minimum$1$0
Fractional SharesN/AYes (min $10)
DRIPYesFree
Research ToolsAutomatedBasic
Best ForCost-Conscious BeginnersWells Fargo Banking Customers

Axos Invest vs WellsTrade: 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

WellsTrade

Pros

  • + Commission-free online stock and ETF trades
  • + Free dividend reinvestment with per-security selection
  • + Fractional shares through Stock Fractions program (min $10)
  • + Integration with Wells Fargo banking accounts
  • + No management fees for self-directed accounts

Cons

  • - Very basic investing platform with limited tools
  • - High margin rates (8.5%-12.5%)
  • - No pre-market trading available
  • - Limited after-hours trading (mobile only, until 6:30 PM)

Which Is Better for Dividend Investors: Axos Invest or WellsTrade?

Choose Axos Invest if you...

  • Are in Axos Invest's core audience: cost-conscious beginners
  • Need automatic dividend reinvestment
  • Prefer a higher-rated overall platform

Choose WellsTrade if you...

  • Are in WellsTrade's core audience: wells fargo banking customers

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