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Our top alternative brokers to Passfolio
Revolut
4.2
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SoFi Invest
4.4
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Our top alternative brokers to Passfolio
Revolut
4.2
Visit broker
SoFi Invest
4.4
Visit broker
Passfolio Alternatives

The best alternatives to Passfolio are

  1. Revolut - UK discount broker
  2. SoFi Invest - US discount broker
  3. Robinhood - US zero-fee discount broker
  4. Freetrade - UK discount broker

Let's see in a bit more detail how the Passfolio alternatives compare to Passfolio and each other:

Passfolio alternatives comparison
Passfolio Revolut SoFi Invest Robinhood Freetrade
Overall score 4.3 4.2 4.4 4.5 4.4
Fees score 4.6 stars 4.8 stars 5.0 stars 4.9 stars 5.0 stars
Account opening score 5.0 stars 5.0 stars 4.4 stars 5.0 stars 5.0 stars
Deposit and withdrawal score 1.5 stars 3.5 stars 2.2 stars 2.3 stars 4.0 stars
Web platform score 3.7 stars - 3.2 stars 4.5 stars -
Markets and products score 2.0 stars 1.8 stars 1.9 stars 1.1 stars 1.6 stars
Visit broker Visit broker Visit broker Visit broker

Why are these brokers considered good alternatives to Passfolio? There are many areas based on which Passfolio can be compared with others. When we say a given online broker is a good alternative to Passfolio we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

Passfolio alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • Passfolio is recommended for beginners and long-term investors focusing on the us stock market
  • Revolut is recommended for beginners looking for free trading and a great mobile-only trading platform
  • SoFi Invest is recommended for beginners and investors looking for zero-commission trading, focusing on the us market
  • Robinhood is recommended for beginners and buy-and-hold investors focusing on the us stock market
  • Freetrade is recommended for long-term investors on the hunt for low fees and focusing on the uk and us markets

Important factors of finding Passfolio alternatives

So far BrokerChooser has reviewed 85 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether Passfolio or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Passfolio is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Passfolio alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Passfolio this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at Passfolio, some alternatives might allow you to do that.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Passfolio alternative is a must.


Now let's dive into the details of how Passfolio and its alternatives perform in the most important areas!

Passfolio alternatives
Revolut

Revolut is a fast-growing fintech startup founded in 2015 and mainly known for its banking and payment services. In 2019, the company also launched its commission-free stock trading, which is provided by Revolut Trading Ltd. 

Revolut is regulated by multiple top-tier regulators, including the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients' assets are protected up to $500,000 ($250,000 cash) under the Securities Investment Protection Corporation's (SIPC) insurance. Revolut is also regulated by the UK Financial Conduct Authority (FCA). 

Recommended for beginners looking for free trading and a great mobile-only trading platform

Pros Cons
Free stock trading Limited product portfolio
Fast and easy account opening Basic research and missing educational tools
Great mobile trading platform Poor customer service

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Fees
4.8

Revolut provides a certain amount of free stock trades, depending on your plan. On the other hand, there is also a custody fee.
Pros Cons
Low trading fees None
Low non-trading fees
Free stock trading
Passfolio vs. Revolut: Trading fees
Revolut Passfolio
Apple benchmark fee $2.3 $0.3
Vodafone benchmark fee - -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
5.0

Revolut has an easy, fast, and fully digital account opening, requiring no minimum account balance.
Pros Cons
Fast None
Fully digital
No minimum deposit
Passfolio vs. Revolut: Minimum deposit, time to open an account
Revolut Passfolio
Minimum deposit $0 $0
Time to open account 1 day 1 day

If you are interested more in Revolut minimum deposit, this overview will help you.

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Deposit and withdrawal
3.5

Revolut offers several deposit options, and both deposits and withdrawals are free even when using wire transfers. On the negative side, you can only use a USD-based account for trading and we experienced issues when canceled orders.
Pros Cons
Credit/Debit card available Only one account base currency
Free withdrawal Funds can be blocked after cancel order
No deposit fee
Passfolio vs. Revolut: Withdrawal options
Revolut Passfolio
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0.25

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Web trading platform

Revolut does not offer a web trading platform, as it's available only on mobile. This is a drawback, as web-based applications are convenient to use and accessible from all devices.
Passfolio vs. Revolut: Trading platform scores
Revolut Passfolio
Web platform score - 3.7 stars
Mobile platform score 4.9 stars 4.2 stars
Desktop platform score - -

Learn more about Revolut's web trading platform in the detailed Revolut review.

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Markets and products
1.8

Revolut has a limited product portfolio, as you can only trade certain US stocks, cryptos, gold and silver. It lacks other popular asset classes like mutual funds, bonds or options.
Passfolio vs. Revolut: Markets and products
Revolut Passfolio
Stock Yes Yes
ETF No Yes
Forex No No
Fund No No
Bond No No
Options No No
Futures No No
CFD No No
Crypto Yes Yes

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Verdict

Revolut's fees are great. With all three types of accounts, you can trade US stocks for free (though monthly limits may apply). Account opening is easy, fully digital, and fast. You can use an awesome and user-friendly mobile trading platform.

Revolut has some drawbacks though. The product portfolio covers only US stocks and some crypto currencies. There are only a few research tools, while it offers no educational material at all. Customer service could also be improved. 

If you want to trade US stocks for free and are looking for an easy-to-use mobile platform, Revolut is a great choice.

Below you can find links to all aspects of Revolut in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Revolut fees article.

What about the minimum deposit?

Our ultimate guide to the Revolut minimum deposit is updated regularly.

How to start your Revolut account?

Look no further than our evaluation of the Revolut account opening.

How's their trading app?

Here's our expert view after checking the Revolut trading app.

Is the quality of customer service satisfactory?

All you need to know about the Revolut customer service.

Legit or scam?

Is Revolut legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Revolut is really free.

Is this broker good for beginners?

We checked it in Is Revolut good for beginners.

Should you buy your silver bullets on Revolut?

Research for silver bugs in the Silver buy on Revolut guide

I want to trade options, are they available at Revolut?

We explored the topic in Can you trade options on Revolut?

Revolut
Summary Revolut is a UK-based fintech startup that offers commission-free stock trading. Revolut Trading Ltd is regulated by the FCA.
Fees score 4.8 stars
Recommended for Beginners looking for free trading and a great mobile-only trading platform

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Passfolio alternatives
SoFi Invest

SoFi, short for "Social Finance", is a US-based fintech startup founded in 2011. It first specialized in student loan refinancing, but has expanded into the broker space since 2018. SoFi is regulated by the US Securities and Exchange Commission (SEC) and FINRA. SoFi Invest is SoFi's brand for zero-fee or discount brokerage services.

SoFi Invest offers active and automated investing services. The former means a self-directed account where you can trade stocks, ETFs, and cryptocurrencies on your own. By contrast, SoFi Invest automated investing is a robo-advisory service where SoFi Invest handles your investments. In this review, we tested SoFi Invest active investing. Click here for the SoFi robo-advisory review.

SoFi Invest is considered safe because it is regulated by top-tier financial authorities and provides up to $500,000 investor protection (including a $250,000 limit for cash) as part of the SIPC protection scheme.

Recommended for beginners and investors looking for zero-commission trading, focusing on the us market

Pros Cons
Free stocks and ETFs Available only for US clients
Fast and fully digital account opening Limited product portfolio
Great customer support Basic research tools

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Fees
5.0

SoFi Invest has low trading and non-trading fees. It offers commission-free trades for US stocks and ETFs, and no fee is charged for inactivity or withdrawals.
Pros Cons
Free stocks and ETFs None
No withdrawal fee
No inactivity fee
Passfolio vs. SoFi Invest: Trading fees
SoFi Invest Passfolio
Apple benchmark fee $0.3 $0.3
Vodafone benchmark fee - -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
4.4

Account opening at SoFi Invest is seamless and fully digital; our account was opened within a day. On the flip side, only US clients can open an account.
Pros Cons
Fast Only US clients
Fully digital
No minimum deposit
Passfolio vs. SoFi Invest: Minimum deposit, time to open an account
SoFi Invest Passfolio
Minimum deposit $0 $0
Time to open account 1-3 days 1 day

If you are interested more in SoFi Invest minimum deposit, this overview will help you.

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Deposit and withdrawal
2.2

SoFi Invest offers user-friendly and mostly free deposit and withdrawal options. However, you can use only bank transfers, while wire transfer withdrawals incur a high fee.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee High fee for wire withdrawals
User-friendly
Passfolio vs. SoFi Invest: Withdrawal options
SoFi Invest Passfolio
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0.25

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Web trading platform
3.2

SoFi Invest offers a user-friendly web trading platform with a neat design. However, it lacks customizability, unique price alerts, and many common order types.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Two-step (safer) login Limited order types
Modern design No unique price alerts
Web trading platform of SoFi Invest, a Passfolio alternative
Passfolio vs. SoFi Invest: Trading platform scores
SoFi Invest Passfolio
Web platform score 3.2 stars 3.7 stars
Mobile platform score 4.5 stars 4.2 stars
Desktop platform score - -

Learn more about SoFi Invest's web trading platform in the detailed SoFi Invest review.

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Markets and products
1.9

SoFi Invest has a limited product portfolio comprising US stocks and ETFs as well as a few cryptocurrencies. You can't trade funds, bonds, forex, options or futures.
Passfolio vs. SoFi Invest: Markets and products
SoFi Invest Passfolio
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund No No
Bond No No
Options No No
Futures No No
CFD No No
Crypto Yes Yes

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Verdict

SoFi Invest's fees are great. You can trade stocks and ETFs listed on major US markets for free. Account opening is easy, fully digital and fast. Customer service responds quickly and gives relevant answers.

SoFi Invest has some drawbacks though. It is available only for US clients. Its product portfolio is fairly limited, covering only US stocks, ETFs, and a few cryptocurrencies. Lastly, research tools are very basic.

As the account opening process is seamless and SoFi Invest offers commission-free stock and ETF trades, you should feel free to try it.

Below you can find links to all aspects of SoFi Invest in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our SoFi Invest fees article.

What about the minimum deposit?

Our ultimate guide to the SoFi Invest minimum deposit is updated regularly.

How to start your SoFi Invest account?

Look no further than our evaluation of the SoFi Invest account opening.

How's their trading app?

Here's our expert view after checking the SoFi Invest trading app.

Is the quality of customer service satisfactory?

All you need to know about the SoFi Invest customer service.

Legit or scam?

Is SoFi Invest legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether SoFi Invest is really free.

Is this broker good for beginners?

We checked it in Is SoFi Invest good for beginners.

Should you buy your silver bullets on SoFi Invest?

Research for silver bugs in the Silver buy on SoFi Invest guide

I want to trade options, are they available at SoFi Invest?

We explored the topic in Can you trade options on SoFi Invest?

SoFi Invest
Summary SoFi Invest is a discount US stockbroker regulated by the top-tier SEC and FINRA.
Fees score 5.0 stars
Recommended for Beginners and investors looking for zero-commission trading, focusing on the US market

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Passfolio alternatives
Robinhood

Robinhood is a US-based, zero-fee discount broker established in 2013. The company is regulated by top-tier financial authorities, such as the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Besides the brokerage service, Robinhood also introduced Cash Management to help clients earn interest on uninvested funds. Click here for more details on this great and unique service.

BrokerChooser is committed to bringing high transparency and clarity to its customers, including brokers and partners. BrokerChooser's Advertiser Disclosure.

Recommended for beginners and buy-and-hold investors focusing on the us stock market

Pros Cons
Free US stock and ETF trading Limited product range
Great mobile and web trading platforms Weak customer support
Fast and fully digital account opening Few educational materials

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Fees
4.9

Trading US stocks and ETFs is free at Robinhood. The broker doesn't charge an inactivity or withdrawal fee.
Pros Cons
Commission-free US stock and ETF trading None
No fee for deposit or withdrawal
Transparent fee structure
Passfolio vs. Robinhood: Trading fees
Robinhood Passfolio
Apple benchmark fee $0.3 $0.3
Vodafone benchmark fee - -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
5.0

The account opening at Robinhood is seamless, fully digital and can be completed within a day. On the negative side, the broker only accepts US clients and IRA accounts are not available.
Pros Cons
Fast Available only for US clients
Fully digital No IRA accounts offered
No minimum deposit
Passfolio vs. Robinhood: Minimum deposit, time to open an account
Robinhood Passfolio
Minimum deposit $0 $0
Time to open account 1 day 1 day

If you are interested more in Robinhood minimum deposit, this overview will help you.

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Deposit and withdrawal
2.3

Deposit and withdrawal at Robinhood are free and easy and a great cash management service is available. On the other hand, you can use only bank transfer and deposits above your 'instant' limit may take several business days.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee Depositing larger amounts on Robinhood Gold takes longer
Cash management service Wire withdrawal is pricey
Passfolio vs. Robinhood: Withdrawal options
Robinhood Passfolio
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0.25

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Web trading platform
4.5

Robinhood provides a safe, user-friendly and well-designed web trading platform. On the downside, customizability is limited.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Web trading platform of Robinhood, a Passfolio alternative
Passfolio vs. Robinhood: Trading platform scores
Robinhood Passfolio
Web platform score 4.5 stars 3.7 stars
Mobile platform score 5.0 stars 4.2 stars
Desktop platform score - -

Learn more about Robinhood's web trading platform in the detailed Robinhood review.

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Markets and products
1.1

Robinhood's product portfolio is limited, as it offers only stocks, ETFs, options and cryptos. Furthermore, assets are limited mainly to US markets. During January 2021, Robinhood restricted trading in as many as 50 individual stocks.
Passfolio vs. Robinhood: Markets and products
Robinhood Passfolio
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund No No
Bond No No
Options Yes No
Futures No No
CFD No No
Crypto Yes Yes

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Verdict

The biggest argument in favor of Robinhood is its appealing fee structure. US stock trading is commission-free and there is no withdrawal or inactivity fee. Robinhood clients can trade on awesome and user-friendly mobile and web trading platforms. The account opening is easy, fast and fully digital.

Robinhood has some drawbacks though. Most of the products you can trade are limited to the US market. Customer support is weak; you can only reach them via e-mail and it can take some time to get an answer. The broker provides educational articles but little else to guide you in the world of trading.

If you want to trade US stocks for free and are looking for an easy-to-use platform, Robinhood is your best choice.

Below you can find links to all aspects of Robinhood in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Robinhood fees article.

What about the minimum deposit?

Our ultimate guide to the Robinhood minimum deposit is updated regularly.

How to start your Robinhood account?

Look no further than our evaluation of the Robinhood account opening.

How's their trading app?

Here's our expert view after checking the Robinhood trading app.

Is the quality of customer service satisfactory?

All you need to know about the Robinhood customer service.

Legit or scam?

Is Robinhood legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Robinhood is really free.

Is this broker good for beginners?

We checked it in Is Robinhood good for beginners.

Should you buy your silver bullets on Robinhood?

Research for silver bugs in the Silver buy on Robinhood guide

I want to trade options, are they available at Robinhood?

We explored the topic in Can you trade options on Robinhood?

Robinhood
Summary Robinhood is a US-based zero-commission broker. It is overseen by FINRA, a top-tier regulator.
Fees score 4.9 stars
Recommended for Beginners and buy-and-hold investors focusing on the US stock market

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Passfolio alternatives
Freetrade

Freetrade is a UK-based fintech startup providing commission-free stock trading, regulated by the UK's Financial Conduct Authority (FCA). The company was founded in 2016. 

Freetrade is considered safe because it is regulated by a top-tier regulator, the FCA.

Recommended for long-term investors on the hunt for low fees and focusing on the uk and us markets

Pros Cons
Free stock and ETF trading Basic product portfolio
Easy and fast account opening Limited research tools
Great mobile trading platform Debit card only for deposits

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Fees
5.0

At Freetrade, you can trade stocks and ETFs free of charge. There are no account, inactivity or withdrawal fees.
Pros Cons
Low trading fees None
Low non-trading fees
Free stock and ETF trading
Passfolio vs. Freetrade: Trading fees
Freetrade Passfolio
Apple benchmark fee $0.3 $0.3
Vodafone benchmark fee $0.7 -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
5.0

Account opening at Freetrade is fast, fully digital and user-friendly, and there is no minimum deposit. You can choose from 4 different account types.
Pros Cons
Fast None
Fully digital
No minimum deposit
Passfolio vs. Freetrade: Minimum deposit, time to open an account
Freetrade Passfolio
Minimum deposit $0 $0
Time to open account 1 day 1 day

If you are interested more in Freetrade minimum deposit, this overview will help you.

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Deposit and withdrawal
4.0

Deposits and withdrawals are user-friendly and free. On the negative side, no credit cards are accepted and the only available base currency is GBP.
Pros Cons
Free withdrawal Only one account base currency
No deposit fee Debit card available only for deposits
User-friendly
Passfolio vs. Freetrade: Withdrawal options
Freetrade Passfolio
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets Yes No
Withdrawal fee $0 $0.25

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Web trading platform

At Freetrade, you can only trade through a mobile platform, web and desktop platforms are not available. We missed the web platform, which the company said would be set by the end of 2020.
Passfolio vs. Freetrade: Trading platform scores
Freetrade Passfolio
Web platform score - 3.7 stars
Mobile platform score 4.7 stars 4.2 stars
Desktop platform score - -

Learn more about Freetrade's web trading platform in the detailed Freetrade review.

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Markets and products
1.6

Freetrade has a limited product portfolio that covers only stocks and ETFs. There are no other asset classes available, like mutual funds, bonds or options.
Passfolio vs. Freetrade: Markets and products
Freetrade Passfolio
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund No No
Bond No No
Options No No
Futures No No
CFD No No
Crypto No Yes

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Verdict

Freetrade's fees are great. Stock and ETF trades are free and there is no inactivity fee. Account opening is easy, fully digital and fast. You can use an awesome and user-friendly mobile trading platform.

Freetrade has some drawbacks, though: there are only US and UK stocks and ETFs available for trading. There aren't many research tools and you can't use credit/debit cards for transfers.

If you are looking for stock and ETF trading from the main UK and US exchanges for free and you prefer an easy-to-use mobile trading platform, Freetrade is a good choice.

Below you can find links to all aspects of Freetrade in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Freetrade fees article.

What about the minimum deposit?

Our ultimate guide to the Freetrade minimum deposit is updated regularly.

How to start your Freetrade account?

Look no further than our evaluation of the Freetrade account opening.

How's their trading app?

Here's our expert view after checking the Freetrade trading app.

Is the quality of customer service satisfactory?

All you need to know about the Freetrade customer service.

Legit or scam?

Is Freetrade legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Freetrade is really free.

Is this broker good for beginners?

We checked it in Is Freetrade good for beginners.

Should you buy your silver bullets on Freetrade?

Research for silver bugs in the Silver buy on Freetrade guide

I want to trade options, are they available at Freetrade?

We explored the topic in Can you trade options on Freetrade?

Freetrade
Summary Freetrade is a UK fintech startup offering a wide selection of commission-free stocks. Freetrade is regulated by the FCA.
Fees score 5.0 stars
Recommended for Long-term investors on the hunt for low fees and focusing on the UK and US markets

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Passfolio alternatives
Passfolio

Passfolio, a global zero-commission stockbroker, is a young and ambitious brokerage founded in 2018. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). In addition to the top-tier regulation, clients also enjoy additional investor protection under the SIPC policy of Passfolio's clearing firm for up to an additional $30 million (with a cash sub-limit of $900,000 per account), subject to an aggregate limit of $150 million.

Although Passfolio is a global broker, there is a distinct focus on Brazilian customers, as evidenced by the fact that a good portion of the content it offers is available in Portuguese. 

Passfolio is considered safe because it is regulated by top-tier authorities and offers extra protection to investors. 

Recommended for beginners and long-term investors focusing on the us stock market

Pros Cons
Free US stock and ETF trading Limited product portfolio focusing on US markets
Great mobile platform Deposit is not user-friendly
Fast and fully digital account opening Missing web and desktop platforms

Fees
4.6

Passfolio's fees are highly attractive as trading in all assets except fro cryptos is free of charge, provided the value of the trade reaches $5. On the other hand, most withdrawal options are subject to a fee.
Pros Cons
Free stock and ETF trading for products priced above $5 None
No account opening and maintenance fees
Passfolio alternatives trading fees
Passfolio Revolut SoFi Invest Robinhood Freetrade
US stock $0.0 $1.0 $0.0 $0.0 $0.0
UK stock - - - - $0.0

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k

Account opening
5.0

When made on a mobile device, the account opening at Passfolio is super fast and fully digital. The validation time is a mere 15 minutes. On the other hand, experience shows that validation can run into issues on the computer.
Pros Cons
Fully digital Verification can be buggy on desktop
No minimum deposit
Verification in 15 minutes
Passfolio alternatives minimum deposit and account open times
Passfolio Revolut SoFi Invest Robinhood Freetrade
Minimum deposit $0 $0 $0 $0 $0
Time to open account 1 day 1 day 1-3 days 1 day 1 day

Learn more about Passfolio minimum deposit here.

Deposit and withdrawal
1.5

Passfolio's deposit functions are numerous and they all come free of charge. On the other hand, withdrawal is not free and the process of depositing funds is complicated.
Pros Cons
No deposit fee Credit/Debit card not available
Only one account base currency
Not user-friendly
Passfolio and alternatives withdrawal options and fees
Passfolio Revolut SoFi Invest Robinhood Freetrade
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets No No No No Yes
Withdrawal fee $0.25 $0 $0 $0 $0

Web trading platform
3.7

Passfolio has just recently revealed their web trading platform, that is still in Beta. It is user-friendly and has a two-factor SMS verification. On the other hand, it is not customizable, has only a few order types, and no price alerts.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report Limited order types
Two-step (safer) login No price alerts
Passfolio - Web trading platform
Passfolio and alternatives trading platform scores
Passfolio Revolut SoFi Invest Robinhood Freetrade
Web platform score 3.7 stars - 3.2 stars 4.5 stars -
Mobile platform score 4.2 stars 4.9 stars 4.5 stars 5.0 stars 4.7 stars
Desktop platform score - - - - -

Learn more about Passfolio's web trading platform in the detailed Passfolio review.

Markets and products
2.0

In addition to cryptos, Passfolio offers stocks, ETFs, REITs and ADRs traded on US stock exchanges. Popular assets such as mutual funds, bonds and options are missing from the product portfolio.
Passfolio and alternatives markets and products
Passfolio Revolut SoFi Invest Robinhood Freetrade
Stock Yes Yes Yes Yes Yes
ETF Yes No Yes Yes Yes
Forex No No No No No
Fund No No No No No
Bond No No No No No
Options No No No Yes No
Futures No No No No No
CFD No No No No No
Crypto Yes Yes Yes Yes No

Verdict

As an up-and-coming brokerage, the main attractive feature of Passfolio is its highly competitive fee structure. You can essentially trade free of charge with an amount exceeding $5, the deposit is free and the broker doesn't charge any account fees either. The mobile app is exceptionally user friendly and the account opening and validation was extremely fast.

On the negative side, the range of products is rather limited and customers have access solely to US markets (NYSE/NASDAQ). Depositing funds in your Passfolio account can prove to be a cumbersome process and all withdrawals carry a  price tag. Educational materials are pretty scarce, albeit some of high quality, and videos are only available in Portuguese.

Passfolio is ideal for non-U.S. investors looking for an easy-to-use platform to trade in US securities. 

Below you can find links to all aspects of Passfolio in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Passfolio fees article.

What about the minimum deposit?

Our ultimate guide to the Passfolio minimum deposit is updated regularly.

How to start your Passfolio account?

Look no further than our evaluation of the Passfolio account opening.

How's their trading app?

Here's our expert view after checking the Passfolio trading app.

Is the quality of customer service satisfactory?

All you need to know about the Passfolio customer service.

Legit or scam?

Is Passfolio legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Passfolio is really free.

Is this broker good for beginners?

We checked it in Is Passfolio good for beginners.

Should you buy your silver bullets on Passfolio?

Research for silver bugs in the Silver buy on Passfolio guide

I want to trade options, are they available at Passfolio?

We explored the topic in Can you trade options on Passfolio?

Passfolio
Summary Passfolio is a US-based commission-free stockbroker focusing on Brazil. It is regulated by both FINRA and SEC, and is available globally for clients.
Fees score 4.6 stars
Recommended for Beginners and long-term investors focusing on the US stock market

Passfolio alternatives
Bottom line

Based on our analysis, there are several good alternatives to Passfolio. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Passfolio alternatives
Broker Info Recommended for
Passfolio Global zero-commission stockbroker Beginners and long-term investors focusing on the US stock market
Revolut UK discount broker Beginners looking for free trading and a great mobile-only trading platform
SoFi Invest US discount broker Beginners and investors looking for zero-commission trading, focusing on the US market
Robinhood US zero-fee discount broker Beginners and buy-and-hold investors focusing on the US stock market
Freetrade UK discount broker Long-term investors on the hunt for low fees and focusing on the UK and US markets

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Author of this article

Dan Sallai

Author of this article

My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.
My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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Revolut SoFi Invest
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