Alpaca Trading
SoFi Invest
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Traders interested in algorithmic stock trading
Recommended for Beginners and investors looking for zero-commission trading, focusing on the US market
USA
USA
Fees
Free stock and ETF trading, low non-trading fees
Low trading and non-trading fees, free stock and ETF trading
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
1
1
Deposit type
Withdrawal type
Account opening
$0
$0
1 day
1-3 days
Social security number, other proof of residence
Proof of identity: SSN / passport / national ID card / driver's license / Proof of address
Trading platform
Markets and products
Research, education
Great
Poor
Customer service
Security
$500,000 (securities up to $500,000, cash up to $250,000)
$500,000 (securities up to $500,000, cash up to $250,000)
2015
2011
USA
USA
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
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.
Alpaca Trading's service is on par with SoFi Invest's and a comparison of their fees shows that Alpaca Trading's fees are similar to SoFi Invest's.
Account opening takes somewhat less effort at Alpaca Trading compared to SoFi Invest, deposit and withdrawal processes are somewhat more complicated at Alpaca Trading, while customer service quality is similar to SoFi Invest's.
Our experts rated the trading platform of Alpaca Trading as being of the same quality as the platform of SoFi Invest, found that clients have access to about the same number of markets and products with Alpaca Trading, while SoFi Invest provides much less useful research and education.
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