Online brokers compared for fees, trading platforms, safety and more. See how Robinhood stacks up against SoFi Invest!
Last update of data—Feb 2022
Robinhood is a US-based zero-commission broker. It is overseen by FINRA, a top-tier regulator.
SoFi Invest is a discount US stockbroker regulated by the top-tier SEC and FINRA.
Recommended for beginners and buy-and-hold investors focusing on the US stock market.
Recommended for beginners and investors looking for zero-commission trading, focusing on the US market.
Robinhood
Robinhood is a US-based zero-commission broker. It is overseen by FINRA, a top-tier regulator.
Recommended for beginners and buy-and-hold investors focusing on the US stock market.
SoFi Invest
SoFi Invest is a discount US stockbroker regulated by the top-tier SEC and FINRA.
Recommended for beginners and investors looking for zero-commission trading, focusing on the US market.
Robinhood's service is on par with SoFi Invest's and a comparison of their fees shows that Robinhood's fees are similar to SoFi Invest's.
Account opening takes somewhat less effort at Robinhood compared to SoFi Invest, deposit and withdrawal processes are about the same quality at Robinhood, while customer service quality is considerably lower than SoFi Invest's.
Our experts rated the trading platform of Robinhood as somewhat better than the platform of SoFi Invest, found that clients have access to slightly more markets and products with Robinhood, while SoFi Invest provides somewhat lower-quality research and education.
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