Compare Flatex vs SoFi Invest


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

Flatex vs SoFi Invest
overall rating
4.4
4.4
overall pros
  • Low stock, ETF, fund and bond fees
  • Strong company background
  • Great educational tools
  • Free stocks and ETFs
  • Fast and fully digital account opening
  • Great customer support
overall cons
  • High forex fees and margin rates
  • Complicated account opening for non-German residents
  • Only bank transfer available for deposits and withdrawals
  • Available only for US clients
  • Limited product portfolio
  • Basic research tools
fees
3.2
  • Low non-trading fees
  • Low stock and ETF fees
  • Low fund fees
  • High forex fees
  • High margin rates
5.0
  • Free stocks and ETFs
  • No withdrawal fee
  • No inactivity fee
account opening
2.0
  • No minimum deposit
  • Fully digital account opening for German/Austrian clients
  • Slow
  • Not fully digital
  • Not user-friendly
4.4
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients
deposit and withdrawal
3.0
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Slow withdrawal - over 3 days
2.2
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High fee for wire withdrawals
web trading platform
3.5
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No clear fee report available
  • Limited customizability (for charts, workspace)
  • No price alerts
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
4.5
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No price alerts
4.5
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • Limited order types
  • No unique price alerts
desktop trading platform
2.8
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Two-step (safer) login
  • Not user-friendly
  • No clear fee report available
  • Available only for a fee
markets and products
4.2
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • CFD
  • Warrants
  • Certificates
  • Turbos
1.7
  • Stock
  • ETF
  • Crypto
research
2.8
  • Good interactive chart
  • Data on asset fundamentals
  • No trading ideas
  • No/poor quality news flow
2.0
  • User-friendly
  • Limited interactive charting
  • Limited fundamental data
customer service
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
4.3
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational articles
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
  • Banking background
  • Listed on stock exchange
  • 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 Investors and CFD traders speaking German and focusing on European securities Beginners and investors looking for zero-commission trading, focusing on the US market
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