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Compare Robinhood vs SoFi Invest

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

Robinhood vs SoFi Invest
overall rating
4.1 / 5.0
4.2 / 5.0
overall pros
  • Commission-free US stock trading
  • Great mobile and web trading platforms
  • Fast and fully digital account opening
  • Free stocks and ETFs
  • Fast and fully digital account opening
  • Great customer support
overall cons
  • Available only for US and Australian clients
  • Weak customer support
  • Limited product portfolio
  • Available only for US clients
  • Limited product portfolio
  • Basic research tools
fees
4 stars
  • No withdrawal fee
  • No inactivity fee
  • Commission-free US stock trading
  • High financing rate
  • High trading fees of non-US stocks
5 stars
  • No withdrawal fee
  • No inactivity fee
  • Free stocks and ETFs
account opening
5 stars
  • Fast account opening
  • Fully digital account opening
  • No minimum account balance
  • User-friendly
  • It is only availalbe for the US and the Australian clients
5 stars
  • Fast account opening
  • Fully digital account opening
  • No minimum account balance
  • Only US clients
deposit and withdrawal
3 stars
  • No deposit fee
  • User-friendly
  • Instant deposit up to $1,000 per week
  • Credit/Debit card deposit and withdrawal not available
  • Lengthy deposit if you don't use the instant deposit
3 stars
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card deposit and withdrawal not available
  • Only one account base currency
web trading platform
5 stars
  • User-friendly
  • Clear fee report
  • Looks nice
  • Customizability is missing
3 stars
  • User-friendly
  • Two-step (safe) login
  • Looks nice
  • Limited customizability (for charts, workspace)
  • Only market order type
  • No unique price alerts
mobile trading platform
5 stars
  • User-friendly
  • Good search function
  • Looks nice
4 stars
  • User-friendly
  • Two-step (safe) login
  • Looks nice
  • Limited order types
  • No unique price alerts
desktop trading platform
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markets and products
1 stars
  • Stock
  • ETF
  • Options
  • Crypto
1 stars
  • Stock
  • ETF
research
3 stars
  • Good quality news flow
  • User-friendly
  • Limited interactive charting
  • No analyst recommendations for stocks, bonds, etc.
  • No/limited set of analytic tools
1 stars
  • Limited interactive charting
  • No analyst recommendations for stocks, bonds, etc.
  • No fundamental data available
customer service
1 stars
  • Relevant answers
  • Professional tone
  • No phone support
  • No live chat
  • Slow support
5 stars
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 availability
education
0 stars
  • No demo account
  • No trading platform tutorial videos
  • No educational videos
1 stars
  • No demo account
  • No educational videos
  • No webinars
  • Regulated by top tier financial authority
  • High level of investor protection
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Regulated by top tier financial authority
  • High level of investor protection
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Beginners and buy and hold investors focusing on the US stock market Beginners and investors looking for zero commission and focusing on US market

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