Compare SoFi Invest vs Vanguard


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

SoFi Invest vs Vanguard
overall rating
4.4
4.3
overall pros
  • Free stocks and ETFs
  • Fast and fully digital account opening
  • Great customer support
  • Some ETFs and mutual funds are free to trade
  • Easy account opening
  • Great mobile trading platform
overall cons
  • Available only for US clients
  • Limited product portfolio
  • Basic research tools
  • Only the US market covered
  • Basic research tools
  • High financing rates (margin rates)
fees
5.0
  • Free stocks and ETFs
  • No withdrawal fee
  • No inactivity fee
3.7
  • No inactivity fee
  • Free ETF trading
  • Some mutual funds and bonds are free to trade
  • High margin rates
  • High fees for non-free mutual funds
account opening
4.4
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients
4.4
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Slow account opening time
deposit and withdrawal
2.2
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High fee for wire withdrawals
2.4
  • No deposit fee
  • User-friendly
  • Free withdrawal (via ACH)
  • Credit/Debit card not available
  • $10 for wire transfer withdrawals
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
3.4
  • Clear fee report
  • Two-step (safer) login
  • Price alerts
  • Limited customizability (for charts, workspace)
  • Some features are hard to find
mobile trading platform
4.5
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • Limited order types
  • No unique price alerts
4.4
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No price alerts
  • Options and bond trading are not available
desktop trading platform
markets and products
1.7
  • Stock
  • ETF
  • Crypto
2.8
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
2.0
  • User-friendly
  • Limited interactive charting
  • Limited fundamental data
2.3
  • Trading ideas
  • Data on asset fundamentals
  • User-friendly
  • Limited interactive charting
  • Limited set of research tools
customer service
4.0
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 support
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
education
1.5
  • Articles on SoFi blog
  • No demo account
  • No trading platform tutorial videos
  • No webinars
3.5
  • Educational videos
  • Good educational tools
  • No demo account
  • No trading platform tutorial 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
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Beginners and investors looking for zero-commission trading, focusing on the US market Long-term investors who are looking for great ETF and mutual fund offers
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