Compare Forex.com vs SoFi Invest


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

Forex.com vs SoFi Invest
overall rating
4.5
4.4
overall pros
  • Low forex fees
  • Great variety of currency pairs
  • Diverse technical research tools
  • Free stocks and ETFs
  • Fast and fully digital account opening
  • Great customer support
overall cons
  • Limited product portfolio
  • High stock CFD fees
  • Non-user-friendly desktop platform
  • Available only for US clients
  • Limited product portfolio
  • Basic research tools
fees
4.1
  • Low forex fees
  • No withdrawal fee
  • Low stock index CFD fees
  • Inactivity fee
  • High stock CFD fees
5.0
  • Free stocks and ETFs
  • No withdrawal fee
  • No inactivity fee
account opening
4.4
  • Fully digital
  • Low minimum deposit
  • User-friendly
  • Relatively slow account verification
4.4
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients
deposit and withdrawal
4.3
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Problem with credit card withdrawal
2.2
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High fee for wire withdrawals
web trading platform
4.3
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
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
4.3
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • 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
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • No two-step (safer) login
  • Outdated design
markets and products
1.9
  • Forex
  • CFD
  • Crypto
1.7
  • Stock
  • ETF
  • Crypto
research
4.3
  • Good interactive chart
  • Trading ideas
  • High-quality market reports
  • No fundamental data available
2.0
  • User-friendly
  • Limited interactive charting
  • Limited fundamental data
customer service
3.9
  • Live chat
  • Great telephone support
  • 24-hour support Sunday to Friday
  • No 24/7 support
  • Slow email 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 webinars
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
  • High level of investor protection
  • Parent company 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 Forex traders looking for low fees and great research tools Beginners and investors looking for zero-commission trading, focusing on the US market
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