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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
4.8 / 5.0
4.2 / 5.0
overall pros
  • Broad product portfolio
  • Low fees
  • Great and diverse research tools
  • Free stocks and ETFs
  • Fast and fully digital account opening
  • Great customer support
overall cons
  • Funding and withdrawal only through bank transfer
  • Complicated account opening process
  • Not user-friendly and complicated desktop trading platform
  • Available only for US clients
  • Limited product portfolio
  • Basic research tools
fees
4 stars
  • Low trading fees
  • Transparent fee structure
  • Inactivity fee
5 stars
  • No withdrawal fee
  • No inactivity fee
  • Free stocks and ETFs
account opening
3 stars
  • Fully digital
  • No minimum deposit for most accounts
  • Slow
  • Not user-friendly
  • Confusing messages throughout the process
5 stars
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients
deposit and withdrawal
2 stars
  • Several account base currencies
  • No charge for the first withdrawal each month
  • Credit/Debit card not available
  • Slow withdrawal - over 3 days
3 stars
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
web trading platform
4 stars
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
3 stars
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • Limited customizability (for charts, workspace)
  • Only market order type
  • No unique price alerts
mobile trading platform
4 stars
  • Two-step (safer) login
  • Good search function
  • Innovative functions (e.g. chatbot)
  • Not user-friendly
4 stars
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • Limited order types
  • No unique price alerts
desktop trading platform
3 stars
  • Good variety of order types
  • Two-step (safer) login
  • Price alerts
  • Not user-friendly
  • Poor search function
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markets and products
5 stars
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
1 stars
  • Stock
  • ETF
research
4 stars
  • Quality news flow
  • Good set of analytical tools
  • Fundamental data available
  • Not user-friendly
1 stars
  • Limited interactive charting
  • No trading ideas
  • No fundamental data available
customer service
4 stars
  • Live chat
  • Fast response time
  • Relevant answers
  • Email ticketing looks like from the 90's
5 stars
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 availability
education
5 stars
  • Demo account
  • Educational videos
  • Good production quality
  • Courses only available to members
1 stars
  • No demo account
  • No educational videos
  • No webinars
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by top-tier financial authorities
  • Regulated by top tier financial authority
  • High level of investor protection
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Traders who prefer low fees and a professional trading environment Beginners and investors looking for zero commission and focusing on US market