Basic data of broker
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
USA
USA
Fees
Low trading and non-trading fees, free US stock and ETF trading
Low trading and non-trading fees, free stock and ETF trading
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
1
1
Deposit type
Withdrawal type
Account opening
$0
$0
1 day
1-3 days
Proof of identity: SSN and ID / passport / driver's license
Proof of identity: SSN / passport / national ID card / driver's license / Proof of address
Trading platform
Markets and products
Research, education
Poor
Poor
Customer service
Security
$500k (securities up to $500k, cash up to $250k)
$500k (securities up to $500k, cash up to $250k)
$500k (securities up to $500k, cash up to $250k)
$500k (securities up to $500k, cash up to $250k)
2013
2011
USA
USA
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
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 somewhat more complicated at Robinhood, while customer service quality is 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 less useful research and education.