Compare Passfolio vs SoFi Invest


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

Passfolio vs SoFi Invest
overall rating
4.1
4.4
overall pros
  • Free US stock and ETF trading
  • Great mobile platform
  • Fast and fully digital account opening
  • Free stocks and ETFs
  • Fast and fully digital account opening
  • Great customer support
overall cons
  • Limited product portfolio focusing on US markets
  • Deposit is not user-friendly
  • Missing web and desktop platforms
  • Available only for US clients
  • Limited product portfolio
  • Basic research tools
fees
5.0
  • Free stock and ETF trading for products priced above $5
  • No account opening and maintenance fees
5.0
  • Free stocks and ETFs
  • No withdrawal fee
  • No inactivity fee
account opening
5.0
  • Fully digital
  • No minimum deposit
  • Verification in 15 minutes
  • Verification can be buggy on desktop
4.4
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients
deposit and withdrawal
1.5
  • No deposit fee
  • Credit/Debit card not available
  • Only one account base currency
  • Not user-friendly
2.2
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High fee for wire withdrawals
web trading platform
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
4.2
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • Limited order types
  • No price alerts
4.5
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • Limited order types
  • No unique price alerts
desktop trading platform
markets and products
2.0
  • Stock
  • ETF
  • Crypto
1.7
  • Stock
  • ETF
  • Crypto
research
1.5
  • User-friendly
  • Limited interactive charting
  • No trading ideas
  • No fundamental data available
2.0
  • User-friendly
  • Limited interactive charting
  • Limited fundamental data
customer service
3.5
  • Relevant answers
  • Fast email support
  • No 24/7 support
  • Couldn't reach phone support on multiple occasions
4.0
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 support
education
2.5
  • Quality educational texts
  • No demo account
  • No trading platform tutorial 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
  • High level of investor protection
  • 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 Beginners and long-term investors focusing on the US stock market Beginners and investors looking for zero-commission trading, focusing on the US market
×