Compare Interactive Brokers vs SoFi Invest


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

Interactive Brokers vs SoFi Invest
overall rating
4.9
4.2
overall pros
  • Wide range of products
  • Many great research tools
  • Regulated by several authorities
  • Free stocks and ETFs
  • Fast and fully digital account opening
  • Great customer support
overall cons
  • Extremely complex desktop trading platform
  • Complicated account opening process
  • High inactivity fee
  • Available only for US clients
  • Limited product portfolio
  • Basic research tools
fees
4.3
  • Low trading fees
  • Low stock and ETF fees
  • Low financing rate
  • Free stock and ETF trading for US clients
  • Inactivity fee
5.0
  • Low trading fees
  • Low non-trading fees
  • Free stocks and ETFs
account opening
3.4
  • Fully digital
  • No minimum deposit for most accounts types
  • Not user-friendly
  • Confusing messages throughout the process
4.5
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients
deposit and withdrawal
2.5
  • No deposit fee
  • Several account base currencies
  • First withdrawal each month free
  • Credit/Debit card not available
  • Not user-friendly
2.2
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
2.5
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • Limited customizability (for charts, workspace)
  • Only market order type
  • No unique price alerts
mobile trading platform
3.5
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • User interface is a bit complex
3.5
  • 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
  • Poor search function
  • Too complex for beginners
markets and products
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • Warrants
  • Structured Products
  • Indices
  • Metals
1.7
  • Stock
  • ETF
research
3.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
0.8
  • Limited interactive charting
  • No trading ideas
  • No fundamental data available
customer service
4.4
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.5
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 availability
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Courses only available after registration
0.5
  • No demo account
  • No educational videos
  • No webinars
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by top-tier financial authorities
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Traders looking for low fees and a professional trading environment Beginners and investors looking for zero-commission trading, focusing on the US market
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