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
4.6
4.4
overall pros
  • Free US stock and ETF 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
  • Limited product range
  • Weak customer support
  • Few educational materials
  • Available only for US clients
  • Limited product portfolio
  • Basic research tools
fees
4.9
  • Commission-free US stock and ETF trading
  • No fee for deposit or withdrawal
  • Transparent fee structure
5.0
  • Free stocks and ETFs
  • No withdrawal fee
  • No inactivity fee
account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Available only for US clients
  • No IRA accounts offered
4.4
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients
deposit and withdrawal
2.8
  • Free withdrawal
  • No deposit fee
  • Cash management service
  • Credit/Debit card not available
  • Depositing larger amounts on Robinhood Gold takes longer
  • Wire withdrawal is pricey
2.2
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High fee for wire withdrawals
web trading platform
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
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
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
4.5
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • Limited order types
  • No unique price alerts
desktop trading platform
markets and products
2.4
  • Stock
  • ETF
  • Options
  • Crypto
1.7
  • Stock
  • ETF
  • Crypto
research
3.6
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
2.0
  • User-friendly
  • Limited interactive charting
  • Limited fundamental data
customer service
1.5
  • Fast response time
  • Relevant answers
  • No phone support
  • No live chat
  • No 24/7 support
4.3
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 support
education
1.5
  • Quality educational texts
  • No demo account
  • No trading platform tutorial videos
  • No educational 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
  • Financial information is publicly available
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • 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 buy-and-hold investors focusing on the US stock market Beginners and investors looking for zero-commission trading, focusing on the US market
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