Compare SoFi Invest vs Trade Nation


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

SoFi Invest vs Trade Nation
overall rating
4.4
4.4
overall pros
  • Free stocks and ETFs
  • Fast and fully digital account opening
  • Great customer support
  • Free deposit and withdrawal
  • Excellent research and education tools
  • Good customer support
overall cons
  • Available only for US clients
  • Limited product portfolio
  • Basic research tools
  • Slim product portfolio
  • No live chat
  • Desktop platform lacks safer login
fees
5.0
  • Free stocks and ETFs
  • No withdrawal fee
  • No inactivity fee
3.5
  • No inactivity fee
  • Low stock and index CFD fees
  • High forex fees
  • Average trading fees
account opening
4.4
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients
5.0
  • Fast
  • Fully digital
  • No minimum deposit
deposit and withdrawal
2.2
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High fee for wire withdrawals
4.5
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Few minor account base currency available
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
  • Good search function
  • Guaranteed Stops
  • No two-step (safer) login
mobile trading platform
4.5
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • Limited order types
  • No unique price alerts
4.3
  • User-friendly
  • Good search function
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
  • Search function could be improved
markets and products
1.9
  • Stock
  • ETF
  • Crypto
1.5
  • Forex
  • CFD
  • Spread betting
research
2.0
  • User-friendly
  • Limited interactive charting
  • Limited fundamental data
4.3
  • Good interactive chart
  • Quality news flow
  • No fundamental data available
customer service
4.0
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 support
4.0
  • Phone support
  • Fast response time
  • Email
  • No live chat
  • No 24/7 support
education
1.5
  • Articles on SoFi blog
  • No demo account
  • No trading platform tutorial videos
  • No webinars
5.0
  • Trading platform tutorial
  • Educational videos
  • 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
  • Negative balance protection
  • 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 a great trading platform and quality customer service
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