Compare eToro vs SoFi Invest


Online brokers compared for fees, trading platforms, safety and more. See how eToro stacks up against SoFi Invest!

eToro vs SoFi Invest
overall rating
4.7
4.4
overall pros
  • Free stock and ETF trading
  • Seamless account opening
  • Social trading experience
  • Free stocks and ETFs
  • Fast and fully digital account opening
  • Great customer support
overall cons
  • High forex fees
  • Withdrawing money can be slow
  • Only one account base currency
  • Available only for US clients
  • Limited product portfolio
  • Basic research tools
fees
4.5
  • Low trading fees
  • Free stock trading
  • Low CFD fees
  • Withdrawal fee
  • Monthly inactivity fee after 1 year of no trading
5.0
  • Free stocks and ETFs
  • No withdrawal fee
  • No inactivity fee
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
4.4
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients
deposit and withdrawal
3.7
  • Credit/Debit card available
  • No deposit fee
  • User-friendly
  • Only one account base currency
  • $5 withdrawal fee
  • Conversion fee for non-USD deposits
2.2
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High fee for wire withdrawals
web trading platform
4.4
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
3.2
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • Limited customizability (for charts, workspace)
  • Limited order types
  • No unique price alerts
mobile trading platform
4.9
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No Touch/Face ID login
4.5
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • Limited order types
  • No unique price alerts
desktop trading platform
markets and products
3.8
  • Stock
  • ETF
  • Forex
  • CFD
  • Crypto
1.7
  • Stock
  • ETF
  • Crypto
research
3.5
  • Good interactive chart
  • Trading ideas
  • User-friendly
  • Analyst recommendations
  • No fundamental data available
  • No/poor quality news flow
2.0
  • User-friendly
  • Limited interactive charting
  • Limited fundamental data
customer service
3.5
  • Live chat
  • Fast response time
  • Relevant answers
  • No phone support
  • No 24/7 support
  • Live chat is offline quite often
4.3
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 support
education
2.5
  • Demo account
  • Intro guide to the platform
  • Basic educational videos
1.5
  • Articles on SoFi blog
  • No demo account
  • No trading platform tutorial videos
  • No webinars
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • Well-known fintech startup
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading Beginners and investors looking for zero-commission trading, focusing on the US market
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