SoFi Invest Alternatives in 2024

Are you not fully satisfied with the services of SoFi Invest and looking for some similar, but better options? Or maybe it's not available in your country, and you're interested in another broker like it?

We dug through our database to find other trusted providers that may better fit your needs. In our expert view, the best alternatives to SoFi Invest are:

1. Interactive Brokers - International broker providing all asset classes
2. eToro - Global social trading broker
3. Fidelity - US stockbroker
4. Zacks Trade - US discount broker
5. Charles Schwab - US discount broker
6. Webull - US discount broker
7. Alpaca Trading - US API broker
8. Robinhood - US zero-fee discount broker
9. Vanguard - US stockbroker
10. Merrill Edge - US discount broker

There are multiple excellent alternatives to SoFi Invest

There are multiple excellent alternatives to [Broker name]

Adam Nasli

Regulation • Fighting Scams • Market Analysis

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Learn about our methodology

Adam Nasli

Regulation • Fighting Scams • Market Analysis

Together with my brokerage analyst colleagues, I have thoroughly tested the services of over 100 trusted brokers around the world by opening a real-money account. Here's what you need to know about finding alternatives to SoFi Invest:

• You have several great options when looking for an alternative to SoFi Invest.

• These alternatives offer similar products and target similar clients as SoFi Invest.

• Compare some key factors (like fees) to find the broker that best suits your needs.

• Use our Compare Brokers tool to dig deeper into the differences between brokers.

In the table below we collected all the most important details so you can check how the SoFi Invest and its alternatives compare to each other. Just use the drop-down menus to select the features you want to compare.

Popularity of the best alternative brokers to SoFi Invest

Interested in what others think? Here's how many people chose these brokers, which are the best alternatives to SoFi Invest, at BrokerChooser in the last 6 months.

Why are these brokers considered good alternatives to SoFi Invest?

When we say a given online broker is a good alternative to SoFi Invest we mean that these brokers are similar to SoFi Invest in:

• 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.

Look into these areas when comparing SoFi Invest alternatives

When trying to find the the best alternative choice to SoFi Invest, you should check and compare their characteristics along these five main categories that best bring out the differences between brokers:

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

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 SoFi Invest, some alternatives might allow you to do that.

Web trading platform: While online brokers are usually available on various platforms like mobile and 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 SoFi Invest alternative is a must.

So far BrokerChooser has reviewed 101 online brokers in detail, which gives this comparison a solid foundation. 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 importance based on the preferences of real traders
• refresh data regularly

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