Compare SoFi Invest vs Zacks Trade


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

SoFi Invest vs Zacks Trade
overall rating
4.4
4.4
overall pros
  • Free stocks and ETFs
  • Fast and fully digital account opening
  • Great customer support
  • Low fees
  • Extensive stock and ETF selection
  • Great customer service
overall cons
  • Available only for US clients
  • Limited product portfolio
  • Basic research tools
  • Complex desktop platform and research tools
  • Slow and complicated account opening
  • Limited educational tools
fees
5.0
  • Free stocks and ETFs
  • No withdrawal fee
  • No inactivity fee
4.2
  • Low stock and ETF fees / Free stock trading
  • No withdrawal fee
  • No inactivity fee
  • High fund fees
account opening
4.4
  • Fast
  • Fully digital
  • No minimum deposit
  • Only US clients
2.8
  • Fully digital
  • No minimum deposit
  • Slow
  • Not user-friendly
deposit and withdrawal
2.2
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High fee for wire withdrawals
3.5
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card not 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
  • Clear fee report
  • Two-step (safer) login
mobile trading platform
4.5
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • Limited order types
  • No unique price alerts
3.8
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • User interface is a bit complex
desktop trading platform
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Too complex for beginners
markets and products
1.9
  • Stock
  • ETF
  • Crypto
3.8
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
2.0
  • User-friendly
  • Limited interactive charting
  • Limited fundamental data
3.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
customer service
4.0
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 support
4.3
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
1.5
  • Articles on SoFi blog
  • No demo account
  • No trading platform tutorial videos
  • No webinars
2.5
  • Demo account
  • Trading platform tutorial
  • 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 Traders and investors looking for comprehensive research tools, a wide product selection and low fees
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