Compare SoFi Invest vs Spreadex


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

SoFi Invest vs Spreadex
overall rating
4.4
4.3
overall pros
  • Free stocks and ETFs
  • Fast and fully digital account opening
  • Great customer support
  • Low forex fees
  • Good web platform
  • Helpful customer service
overall cons
  • Available only for US clients
  • Limited product portfolio
  • Basic research tools
  • Thin product selection
  • No desktop platform
  • Limited research and education tools
fees
5.0
  • Free stocks and ETFs
  • No withdrawal fee
  • No inactivity fee
4.2
  • Low forex fees
  • No inactivity fee
account opening
4.4
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients
4.4
  • Fully digital
  • No minimum deposit
  • User-friendly
  • Slower-than-average account verification
deposit and withdrawal
2.2
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High fee for wire withdrawals
4.3
  • Credit/Debit card available
  • No deposit fee
  • Free withdrawal in most cases
  • Average account currency selection
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
4.5
  • User-friendly
  • Clear fee report
  • Good search function
  • Guaranteed stop
  • No two-step (safer) login
  • Available only in English
mobile trading platform
4.5
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • Limited order types
  • No unique price alerts
4.5
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
desktop trading platform
markets and products
1.9
  • Stock
  • ETF
  • Crypto
1.7
  • Forex
  • CFD
research
2.0
  • User-friendly
  • Limited interactive charting
  • Limited fundamental data
1.9
  • Good financial/trading blog
  • No trading ideas
  • No/limited set of analytic tools
  • Limited fundamental data
customer service
4.0
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 support
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
1.5
  • Articles on SoFi blog
  • No demo account
  • No trading platform tutorial videos
  • No webinars
1.3
  • Trading platform tutorial
  • No demo account
  • No educational 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
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Beginners and investors looking for zero-commission trading, focusing on the US market Spread, Forex and CFD traders looking for low fees and great deposit/withdrawal options
×