Compare SoFi Invest vs TD Ameritrade


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

SoFi Invest vs TD Ameritrade
overall rating
4.4
4.9
overall pros
  • Free stocks and ETFs
  • Fast and fully digital account opening
  • Great customer support
  • Low trading fees (free stock and ETF trading)
  • Superb desktop trading platform
  • Great customer support
overall cons
  • Available only for US clients
  • Limited product portfolio
  • Basic research tools
  • You can trade only on US markets
  • Accounts mostly limited to US residents
  • No credit/debit cards and electronic wallets for money transfer
fees
5.0
  • Free stocks and ETFs
  • No withdrawal fee
  • No inactivity fee
4.3
  • Low trading fees
  • Low non-trading fees
  • Free stocks and ETFs
  • High fund fees
account opening
4.4
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients
3.6
  • Fully digital
  • No minimum deposit
  • Many account types
deposit and withdrawal
2.2
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High fee for wire withdrawals
2.2
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • High withdrawal fee for wire transfers
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
4.3
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
  • Limited customizability (for charts, workspace)
mobile trading platform
4.5
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • Limited order types
  • No unique price alerts
4.8
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
desktop trading platform
4.5
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Trading support functions
  • Great learning materials
  • No two-step (safer) login
markets and products
1.7
  • Stock
  • ETF
  • Crypto
4.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • Crypto
research
2.0
  • User-friendly
  • Limited interactive charting
  • Limited fundamental data
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
customer service
4.0
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 support
4.0
  • Phone support
  • Live chat
  • Fast response time
education
1.5
  • Articles on SoFi blog
  • No demo account
  • No trading platform tutorial videos
  • No webinars
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • 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
  • Banking background
  • No negative balance protection
recommended for Beginners and investors looking for zero-commission trading, focusing on the US market Investors and traders looking for solid research and a well-equipped desktop trading platform
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