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Fidelity vs Sofi Invest 2022

StockBrokers.com

Written by StockBrokers.com

November 02, 2022

Is Fidelity better than Sofi Invest? After testing 15 of the best online brokers over six months, Fidelity (95.57%) is better than E*TRADE (92.52%). Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services. Serving over 40 million customers, Fidelity is a winner for everyday investors.

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Overall RatingFidelitySofi InvestE*TRADE
Overall5 Stars3.5 Stars5 Stars
Commissions & Fees5 Stars4.5 Stars4.5 Stars
Investment Options4.5 Stars2 Stars5 Stars
Platforms & Tools4.5 Stars1.5 Stars4.5 Stars
Mobile Trading Apps5 Stars3.5 Stars5 Stars
Research5 Stars2 Stars4.5 Stars
Customer Service4.5 Stars4 Stars4.5 Stars
Education5 Stars3 Stars4.5 Stars
Ease Of Use4.5 Stars4 Stars5 Stars
Winnercheck_circle
ReviewFidelity ReviewSofi Invest ReviewE*TRADE Review
Trading FeesFidelitySofi InvestE*TRADE
Minimum Deposit$0.00$5.00$0.00
Stock Trades$0.00$0.00$0.00
Penny Stock Fees (OTCCB)$0.00N/A$6.95
Mutual Fund Trade Fee$49.95$0$19.99
Options (Base Fee)$0.00$0.00$0.00
Options (Per Contract)$0.65$0.00$0.65
Futures (Per Contract)N/A$0.00$1.50
Broker Assisted Trade Fee$32.95$0$25
Margin RatesFidelitySofi InvestE*TRADE
Margin Rate Under $24,999.9911.33%5.25%11.95%
Margin Rate $25,000.00 to $49,999.9910.83%5.25%11.45%
Margin Rate $50,000.00 to $99,999.999.88%5.25%10.95%
Margin Rate $100,000.00 to $249,999.999.83%5.25%10.45%
Margin Rate $250,000.00 to $499,999.999.58%5.25%9.95%
Margin Rate $500,000.00 to $999,999.997.25%5.25%9.45%
Margin Rate Above $1,000,000.007.00%5.25%8.45%
Account FeesFidelitySofi InvestE*TRADE
IRA Annual Fee$0.00$0.00$0.00
IRA Closure Fee$0.00$20.00$0.00
Account Transfer Out (Partial)$0.00$75.00$25.00
Account Transfer Out (Full)$0.00$75.00$75.00
Options Exercise Fee$0.00N/A$0.00
Options Assignment Fee$0.00$0.00$0.00
Investment OptionsFidelitySofi InvestE*TRADE
Stock TradingYesYesYes
Margin TradingYesYesYes
Fractional SharesYesYesNo
OTCBB / Pink SheetsYesYesYes
Options TradingYesNoYes
Complex Options Max Legs404
Futures TradingNoNoYes
Forex TradingNoNoNo
Crypto TradingNoYesNo
Crypto Trading - Total Coins0300
Mutual Funds (No Load)584306486
Mutual Funds (Total)1000007242
Bonds (US Treasury)YesNoYes
Bonds (Corporate)YesNoYes
Bonds (Municipal)YesNoYes
Advisor ServicesYesNoYes
International Countries (Stocks)2500
Order TypesFidelitySofi InvestE*TRADE
Order Type - MarketYesYesYes
Order Type - LimitYesYesYes
Order Type - After HoursYesYesYes
Order Type - StopYesNoYes
Order Type - Trailing StopYesNoYes
Order Type - OCOYesNoYes
Order Type - OTOYesNoYes
Order Type - Broker AssistedYesNoYes
BeginnersFidelitySofi InvestE*TRADE
Education (Stocks)YesYesYes
Education (ETFs)YesYesYes
Education (Options)YesYesYes
Education (Mutual Funds)YesYesYes
Education (Bonds)YesYesYes
Education (Retirement)YesYesYes
Retirement CalculatorYesNoYes
Investor DictionaryYesYesYes
Paper TradingNoNoYes
VideosYesNoYes
WebinarsYesYesYes
Webinars (Archived)YesYesYes
Progress TrackingYesNoNo
Interactive Learning - QuizzesYesNoYes
Stock Trading AppsFidelitySofi InvestE*TRADE
iPhone AppYesYesYes
Android AppYesYesYes
Apple Watch AppYesNoYes
Trading - StocksYesYesYes
Trading - After-HoursYesYesYes
Trading - Simple OptionsYesNoYes
Trading - Complex OptionsYesNoYes
Order Ticket RT QuotesYesYesYes
Order Ticket SRT QuotesYesNoYes
Stock App FeaturesFidelitySofi InvestE*TRADE
Market Movers (Top Gainers)YesYesYes
Stream Live TVYesNoYes
Videos on DemandYesNoNo
Stock AlertsYesNoYes
Option Chains ViewableYesNoYes
Watch List (Real-time)YesYesYes
Watch List (Streaming)YesNoYes
Watch Lists - Create & ManageYesNoYes
Watch Lists - Column CustomizationYesNoYes
Watch Lists - Total Fields92395
Stock App ChartingFidelitySofi InvestE*TRADE
Charting - After-HoursYesNoYes
Charting - Can Turn HorizontallyYesNoYes
Charting - Multiple Time FramesYesYesYes
Charting - Technical Studies129010
Charting - Study CustomizationsYesNoYes
Charting - Stock ComparisonsYesNoYes
Trading PlatformsFidelitySofi InvestE*TRADE
Active Trading PlatformActive Trader ProN/APower E*TRADE
Desktop Trading PlatformYesNoNo
Desktop Platform (Mac)YesNoNo
Web Trading PlatformYesYesYes
Paper TradingNoNoYes
Trade JournalYesNoNo
Watch Lists - Total Fields92395
Stock Chart FeaturesFidelitySofi InvestE*TRADE
Charting - Adjust Trades on ChartYesNoYes
Charting - Indicators / Studies1290119
Charting - Drawing Tools37031
Charting - NotesYesNoYes
Charting - Index OverlaysYesNoYes
Charting - Historical TradesYesNoYes
Charting - Corporate EventsYesNoYes
Charting - Custom Date RangeYesNoYes
Charting - Custom Time BarsYesNoNo
Charting - Automated AnalysisYesNoYes
Charting - Save ProfilesYesNoYes
Trade Ideas - Technical AnalysisYesNoYes
Charting - Study Customizations506
Charting - Custom StudiesNoNoNo
Day TradingFidelitySofi InvestE*TRADE
Streaming Time & SalesYesNoYes
Streaming TVYesNoYes
Direct Market Routing - StocksYesNoYes
Ladder TradingNoNoNo
Trade Hot KeysYesNoYes
Level 2 Quotes - StocksYesNoYes
Trade Ideas - BacktestingYesNoNo
Trade Ideas - Backtesting AdvNoNoNo
Short LocatorYesNoNo
Order Liquidity RebatesNoNoNo
Research OverviewFidelitySofi InvestE*TRADE
Research - StocksYesNoYes
Research - ETFsYesNoYes
Research - Mutual FundsYesNoYes
Research - Pink Sheets / OTCBBYesNoYes
Research - BondsYesNoYes
Screener - StocksYesNoYes
Screener - ETFsYesNoYes
Screener - Mutual FundsYesNoYes
Screener - BondsYesNoYes
Misc - Portfolio AllocationYesYesYes
Stock ResearchFidelitySofi InvestE*TRADE
Stock Research - PDF Reports1106
Stock Research - EarningsYesNoYes
Stock Research - InsidersYesNoYes
Stock Research - SocialYesNoYes
Stock Research - NewsYesYesYes
Stock Research - ESGYesNoNo
Stock Research - SEC FilingsYesNoYes
ETF ResearchFidelitySofi InvestE*TRADE
ETFs - Strategy OverviewYesYesYes
ETF Fund Facts - Inception DateYesNoYes
ETF Fund Facts - Expense RatioYesYesYes
ETF Fund Facts - Net AssetsYesNoYes
ETF Fund Facts - Total HoldingsYesNoYes
ETFs - Top 10 HoldingsYesYesYes
ETFs - Sector ExposureYesNoYes
ETFs - Risk AnalysisYesNoYes
ETFs - RatingsYesNoYes
ETFs - Morningstar StyleMapYesNoYes
ETFs - PDF ReportsYesNoYes
Mutual Fund ResearchFidelitySofi InvestE*TRADE
Mutual Funds - Strategy OverviewYesNoYes
Mutual Funds - Performance ChartYesNoNo
Mutual Funds - Performance AnalysisYesNoYes
Mutual Funds - ProspectusYesNoYes
Mutual Funds - 3rd Party RatingsYesNoYes
Mutual Funds - Fees BreakdownYesNoYes
Mutual Funds - Top 10 HoldingsYesNoYes
Mutual Funds - Asset AllocationYesNoYes
Mutual Funds - Sector AllocationYesNoYes
Mutual Funds - Country AllocationYesNoYes
Mutual Funds - StyleMapYesNoYes
Options TradingFidelitySofi InvestE*TRADE
Option Chains - Basic ViewYesNoYes
Option Chains - Strategy ViewYesNoYes
Option Chains - StreamingYesNoYes
Option Chains - Total Columns26031
Option Chains - Greeks505
Option Chains - Quick AnalysisYesNoYes
Option Analysis - P&L ChartsYesNoYes
Option Probability AnalysisYesNoYes
Option Probability Analysis AdvYesNoYes
Option Positions - GreeksYesNoYes
Option Positions - Greeks StreamingYesNoYes
Option Positions - Adv AnalysisYesNoYes
Option Positions - RollingYesNoYes
Option Positions - GroupingYesNoYes
BankingFidelitySofi InvestE*TRADE
Bank (Member FDIC)NoYesYes
Checking AccountsYesYesYes
Savings AccountsYesYesYes
Credit CardsYesYesYes
Debit CardsYesYesYes
Mortgage LoansNoYesYes
Customer ServiceFidelitySofi InvestE*TRADE
Phone Support (Prospect Customers)YesYesYes
Phone Support (Current Customers)YesYesYes
Email SupportYesNoYes
Live Chat (Prospect Customers)YesYesNo
Live Chat (Current Customers)YesYesYes
24/7 SupportYesNoYes
OverallFidelitySofi InvestE*TRADE
Overall5 Stars3.5 Stars5 Stars
Commissions & Fees5 Stars4.5 Stars4.5 Stars
Investment Options4.5 Stars2 Stars5 Stars
Platforms & Tools4.5 Stars1.5 Stars4.5 Stars
Mobile Trading Apps5 Stars3.5 Stars5 Stars
Research5 Stars2 Stars4.5 Stars
Education5 Stars3 Stars4.5 Stars
Ease Of Use4.5 Stars4 Stars5 Stars
Winnercheck_circle
ReviewFidelity ReviewSofi Invest ReviewE*TRADE Review
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Fidelity vs Sofi Invest Comparison

Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare Fidelity vs Sofi Invest.

Is Fidelity or Sofi Invest better for beginners?

Fidelity offers more comprehensive new investor education for beginner investors than E*TRADE. Fidelity offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while Sofi Invest offers investors access to Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), neither have Paper Trading.

What about Fidelity vs Sofi Invest pricing?

Fidelity and Sofi Invest charge the same amount for regular stock trades, $0.00. Option contracts are pricier at Fidelity, costing $0.65 per contract versus $0.00 per contract at Sofi Invest. For a complete commissions summary, see our best brokers for free stock trading guide.

Does Fidelity or Sofi Invest offer a wider range of investment options?

Fidelity offers investors access to Stock Trading, Fractional Shares, Options Trading, OTCBB / Pink Sheets, Mutual Funds and Advisor Services, while Sofi Invest offers investors access to Stock Trading, Fractional Shares and OTCBB / Pink Sheets, neither have Futures Trading and Forex Trading. Looking at Mutual Funds, Sofi Invest trails Fidelity in its offering of no transaction fee (NTF) mutual funds, with Fidelity offering 3401 and Sofi Invest offering 0.

Which trading platform is better: Fidelity or Sofi Invest?

To compare the trading platforms of Fidelity and Sofi Invest, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Fidelity offers a better experience. With research, Fidelity offers superior market research. Finally, we found E*TRADE to provide better mobile trading apps.

Does either broker offer banking?

Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are offered by Fidelity while Sofi Invest offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.

Is Fidelity good?

Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services. Serving over 40 million customers, Fidelity is a winner for everyday investors.

Is Sofi Invest good?

SoFi Invest offers a wide range of services, including access to cryptocurrencies, IPOs and automated investing. It is relatively easy to use, and gets high marks for its mobile app. However, its lack of research, as well as its lagging education and trading tools, leave it a step behind industry leaders.

Fidelity vs Sofi Invest Winner

Overall winner: Fidelity

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1 Fidelity Sell orders are subject to an activity assessment fee from $0.01 to $0.03 per $1,000 of principal. Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.
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