Compare SoFi Invest vs TMGM


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

SoFi Invest vs TMGM
overall rating
4.4
4.4
overall pros
  • Free stocks and ETFs
  • Fast and fully digital account opening
  • Great customer support
  • Low forex fees
  • Easy and fast account opening
  • Free deposit and withdrawal
overall cons
  • Available only for US clients
  • Limited product portfolio
  • Basic research tools
  • Slim product portfolio
  • Limited research and educational tools
  • No negative balance protection
fees
5.0
  • Free stocks and ETFs
  • No withdrawal fee
  • No inactivity fee
4.6
  • Low forex fees
  • No withdrawal fee
  • No inactivity fee
  • Inactivity fee
account opening
4.4
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
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
  • Free withdrawal
  • No deposit fee
  • Minor currencies not accepted
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
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
mobile trading platform
4.5
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • Limited order types
  • No unique price alerts
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
1.9
  • Stock
  • ETF
  • Crypto
1.9
  • Forex
  • CFD
  • Crypto
research
2.0
  • User-friendly
  • Limited interactive charting
  • Limited fundamental data
4.0
  • Trading ideas
  • User-friendly
  • Good set of analytical tools
  • Good economic calendar
customer service
4.0
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 support
4.5
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 support
  • Phone support problematic
education
1.5
  • Articles on SoFi blog
  • No demo account
  • No trading platform tutorial videos
  • No webinars
2.0
  • Demo account
  • Quality educational texts in its blog
  • No trading platform tutorial videos
  • 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
  • Regulated by the top-tier ASIC
  • Not listed on stock exchange
  • No investor protection by regulators
recommended for Beginners and investors looking for zero-commission trading, focusing on the US market Forex traders who prefer the MetaTrader platform
×