Compare SoFi Invest vs Webull


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

SoFi Invest vs Webull
overall rating
4.4
4.4
overall pros
  • Free stocks and ETFs
  • Fast and fully digital account opening
  • Great customer support
  • Free stocks, ETFs and options
  • Fast and easy account opening
  • Great trading platforms
overall cons
  • Available only for US clients
  • Limited product portfolio
  • Basic research tools
  • Limited product portfolio
  • Only bank transfer for deposit/withdrawal
  • No live chat and poor phone support
fees
5.0
  • Free stocks and ETFs
  • No withdrawal fee
  • No inactivity fee
4.7
  • No commission (for stocks, ETFs, options)
  • ACH transfers are free for funding & payout
  • High wire transfer costs
account opening
4.4
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Mostly for just US residents
deposit and withdrawal
2.2
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High fee for wire withdrawals
1.9
  • No deposit fee
  • User-friendly
  • Free ACH deposit and withdrawal
  • Credit/Debit card not available
  • Only one account base currency
  • High fees for wire transfer
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 customizability (for charts, workspace)
  • Good variety of order types
  • 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
5.0
  • 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
  • No two-step (safer) login
markets and products
1.9
  • Stock
  • ETF
  • Crypto
1.9
  • Stock
  • ETF
  • Options
research
2.0
  • User-friendly
  • Limited interactive charting
  • Limited fundamental data
3.4
  • Trading ideas
  • Data on asset fundamentals
  • User-friendly
  • Limited interactive charting
  • No/poor quality news flow
customer service
4.0
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 support
0.8
  • Platform message center quick and useful
  • No live chat
  • Slow phone support
  • No answer to emails
education
1.5
  • Articles on SoFi blog
  • No demo account
  • No trading platform tutorial videos
  • No webinars
2.0
  • Demo account
  • 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
  • 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 Investors and traders looking for zero-commission trading and focusing on US markets
×