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SoFi Invest vs Robinhood

SoFi Invest is a commission-free stock trading app for beginners new to investing. How does it compare to Robinhood? Read our comparison chart below.

 SoFi InvestRobinhood
 Learn MoreVisit Site
 

SoFi Invest

Robinhood

SPECIAL OFFER
Active Investing with SoFi - Learn More

Read SoFi Invest Review

OFFER
Get a Free Stock (worth between $5 and $200) - Learn More

Read Robinhood Review

 

Benefits and Features

Stock Trading
$0
$0
Options Trading 
$0
Annual Fee
None
None
Cryptocurrency Trading 
Check
Minimum Deposit
$0
$0
Mutual Fund Trading 
No
Commission Free ETFsAll U.S. listed ETFsAll U.S. listed ETFs
Phone Support
Check
24/7
Live Chat Support
Check
No
Email Support 
Yes
Human Advisors 
No
Robo Advisor 
No
Assets Under Management 
$80 Billion
Tax Loss Harvesting 
No
Goal Tracker 
No
Automatic Deposits 
Yes
Broker Assisted Trades 
Not available
Customer Service
  • Monday to Thursday from 5am to 7pm Pacific
  • Friday to Sunday from 5am to 5pm Pacific
 
Good For 
Beginners; Active traders
Inactivity Fee 
$0
Maintenance Fee
$0
$0
Online Platform 
Yes
iPhone App 
Yes (4.2 stars, 4m ratings)
Android App 
Yes (3.8 stars, 453k ratings)
Mobile App 
Yes
Two-Factor Authentication 
Yes
Locations 
No
Online Community 
No
Seminars 
No
Virtual Trading 
No
Fractional Shares 
Yes
Taxable Accounts 
Yes
401k Plans 
No
IRA Accounts 
No
Roth IRA Accounts 
No
SEP IRA Accounts 
No
Trust Accounts 
No
529 Plans 
No
 

CreditDonkey® Reviews

 SoFi InvestRobinhood
Minimum DepositStarStarStarStarStarStarStarStarStarStar
PriceStarStarStarStarHalf Star
Customer ServiceStarStarStarEmpty StarEmpty StarStarStarStarStarEmpty Star
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarEmpty Star
Mobile AppStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarStar
Ease of UseStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • Commission-free trades
  • $0 account minimum
  • No management fees
Cons:
  • No tax loss harvesting
  • Limited customer service
  • No options trading, mutual funds, or bonds
Pros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • No IRAs
  • Limited research
  • No mutual funds & bonds
Bottom LineCommission-free stock trading app for beginners new to investing... Read full reviewFree way to trade stocks with limited bells and whistles... Read full review
 Learn MoreVisit Site

Active Investing with SoFi

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Robinhood: Pricing information from published websites as of 04/18/2020.

Robinhood

Commission-Free Trades

Trade stocks, funds, options, and cryptocurrencies

Robinhood

Commission-Free Options Investing

Robinhood offers commission-free and no monthly fee options trading.

Which is Better: SoFi Invest or Robinhood?

In short: Robinhood's customer service is noteworthy.


Articles on SoFi Invest

SoFi Invest Review

Do you want the commission-free trades but need a little more guidance? Then SoFi Invest might be just what you need.

Articles on Robinhood

Robinhood

Robinhood lets you trade stocks commission-free and has no account minimums. Is it safe? Are there hidden fees? Read on for the pros and cons.

Robinhood Alternatives

When it comes to buying stocks online, many think of Robinhood first. But how do other apps compare? Is there a better commission fee-free app?

Buy Bitcoin on Robinhood or Coinbase Pro

Robinhood and Coinbase Pro are two of the biggest names in retail investing and crypto trading. But which is best for buying Bitcoin?

Which Do You Think is Best?





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About CreditDonkey
CreditDonkey is a personal finance comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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