SoFi Invest
TradeZero
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Beginners and investors looking for zero-commission trading, focusing on the US market
Recommended for Investors and traders interested in commission-free trading and a focus on US stocks and options.
USA
USA and Bahamas
Fees
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
$250
1-3 days
1 day
Proof of identity: SSN / passport / national ID card / driver's license / Proof of address
Proof of identity: national ID / driver's license Proof of residency: recent Bank Statement, Utility Bill, Lease for Property, Rental Agreement or Proof of Insurance
Trading platform
Markets and products
Research, education
Poor
Great
Customer service
Security
$500,000 (securities up to $500,000, cash up to $250,000)
cash up to $250,000 at TradeZero International
2011
2015
USA
Bahamas, United States
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.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
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.
SoFi Invest's service is slightly better than TradeZero's and a comparison of their fees shows that SoFi Invest's fees are slightly lower than TradeZero's.
Account opening takes somewhat more effort at SoFi Invest compared to TradeZero, deposit and withdrawal processes are somewhat easier at SoFi Invest, while customer service quality is lower than TradeZero's.
Our experts rated the trading platform of SoFi Invest as being of the same quality as the platform of TradeZero, found that clients have access to about the same number of markets and products with SoFi Invest, while TradeZero provides better research and education.
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