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J.P. Morgan Self-Directed Investing vs Sofi Invest 2023

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Written by StockBrokers.com

April 11, 2023

Is J.P. Morgan Self-Directed Investing better than Sofi Invest? After testing 17 of the best online brokers over three months, J.P. Morgan Self-Directed Investing (83.12%) is better than Sofi Invest (67.99%). J.P. Morgan Self-Directed Investing makes it easy for Chase Bank customers to invest and allows access to J.P. Morgan research. On the downside, the broker features are sparse compared to industry leaders.

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Overall RatingJ.P. Morgan Self-Directed InvestingSofi Invest
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4/5 Stars 2.5/5 Stars
Platforms & Tools 3/5 Stars 2.5/5 Stars
Mobile Trading Apps 4/5 Stars 3/5 Stars
Research 3.5/5 Stars 2/5 Stars
Customer Service N/A 4/5 Stars
Education 4.5/5 Stars 4.5/5 Stars
Ease Of Use 4.5/5 Stars 3.5/5 Stars
Winner check_circle
Review J.P. Morgan Self-Directed Investing Review Sofi Invest Review
Trading FeesJ.P. Morgan Self-Directed InvestingSofi Invest
Minimum Deposit $0.00 $5.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) $0.00 N/A
Mutual Fund Trade Fee $0 $0
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.65 $0.00
Futures (Per Contract) N/A $0.00
Broker Assisted Trade Fee Varies $0
Margin RatesJ.P. Morgan Self-Directed InvestingSofi Invest
Margin Rate Under $25,000 Varies 8.50%
Margin Rate $25,000 to $49,999.99 Varies 8.50%
Margin Rate $50,000 to $99,999.99 Varies 8.50%
Margin Rate $100,000 to $249,999.99 Varies 8.50%
Margin Rate $250,000 to $499,999.99 Varies 8.50%
Margin Rate $500,000 to $999,999.99 Varies 8.50%
Margin Rate Above $1,000,000 Varies 8.50%
Account FeesJ.P. Morgan Self-Directed InvestingSofi Invest
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $75.00 $20.00
Account Transfer Out (Partial) $0.00 $75.00
Account Transfer Out (Full) $75.00 $75.00
Options Exercise Fee $0.00 $5.00
Options Assignment Fee $0.00 $5.00
Investment OptionsJ.P. Morgan Self-Directed InvestingSofi Invest
Stock Trading Yes Yes
Margin Trading No Yes
Fractional Shares No Yes
OTC Stocks Yes Yes
Options Trading Yes Yes
Complex Options Max Legs 1 0
Futures Trading No No
Forex Trading No No
Crypto Trading No Yes
Crypto Trading - Total Coins 0 30
Mutual Funds (No Load) 3500 0
Mutual Funds (Total) 3500 0
Bonds (US Treasury) Yes No
Bonds (Corporate) Yes No
Bonds (Municipal) Yes No
Advisor Services Yes No
International Countries (Stocks) 0 0
Order TypesJ.P. Morgan Self-Directed InvestingSofi Invest
Order Type - Market Yes Yes
Order Type - Limit Yes Yes
Order Type - After Hours No Yes
Order Type - Stop Yes No
Order Type - Trailing Stop No No
Order Type - OCO No No
Order Type - OTO No No
Order Type - Broker Assisted Yes No
BeginnersJ.P. Morgan Self-Directed InvestingSofi Invest
Education (Stocks) Yes Yes
Education (ETFs) Yes Yes
Education (Options) Yes Yes
Education (Mutual Funds) Yes Yes
Education (Bonds) Yes Yes
Education (Retirement) Yes Yes
Retirement Calculator Yes No
Investor Dictionary No Yes
Paper Trading No No
Videos Yes No
Webinars Yes Yes
Webinars (Archived) No Yes
Progress Tracking No No
Interactive Learning - Quizzes No No
Stock Trading AppsJ.P. Morgan Self-Directed InvestingSofi Invest
iPhone App Yes Yes
Android App Yes Yes
Apple Watch App No No
Trading - Stocks Yes Yes
Trading - After-Hours No Yes
Trading - Simple Options Yes No
Trading - Complex Options No No
Order Ticket RT Quotes Yes Yes
Order Ticket SRT Quotes No No
SB Gallery - Mobile Apps
Stock App FeaturesJ.P. Morgan Self-Directed InvestingSofi Invest
Market Movers (Top Gainers) Yes Yes
Stream Live TV No No
Videos on Demand No No
Stock Alerts No No
Option Chains Viewable Yes No
Watch List (Real-time) Yes Yes
Watch List (Streaming) No No
Watch Lists - Create & Manage Yes No
Watch Lists - Column Customization No No
Watch Lists - Total Fields 4 3
Stock App ChartingJ.P. Morgan Self-Directed InvestingSofi Invest
Charting - After-Hours No No
Charting - Can Turn Horizontally No No
Charting - Multiple Time Frames Yes Yes
Charting - Technical Studies 35 0
Charting - Study Customizations No No
Charting - Stock Comparisons No No
Trading PlatformsJ.P. Morgan Self-Directed InvestingSofi Invest
Active Trading Platform N/A N/A
Desktop Trading Platform No No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Paper Trading No No
Trade Journal No No
Watch Lists - Total Fields 4 3
Stock Chart FeaturesJ.P. Morgan Self-Directed InvestingSofi Invest
Charting - Adjust Trades on Chart No No
Charting - Indicators / Studies 36 0
Charting - Drawing Tools 10 0
Charting - Notes No No
Charting - Index Overlays Yes No
Charting - Historical Trades No No
Charting - Corporate Events Yes No
Charting - Custom Date Range No No
Charting - Custom Time Bars No No
Charting - Automated Analysis No No
Charting - Save Profiles No No
Trade Ideas - Technical Analysis No No
Charting - Study Customizations 3 0
Charting - Custom Studies No No
Day TradingJ.P. Morgan Self-Directed InvestingSofi Invest
Streaming Time & Sales No No
Streaming TV No No
Direct Market Routing - Stocks No No
Ladder Trading No No
Trade Hot Keys No No
Level 2 Quotes - Stocks No No
Trade Ideas - Backtesting No No
Trade Ideas - Backtesting Adv No No
Short Locator No No
Order Liquidity Rebates No No
Research OverviewJ.P. Morgan Self-Directed InvestingSofi Invest
Research - Stocks Yes No
Research - ETFs Yes No
Research - Mutual Funds Yes No
Research - Pink Sheets / OTCBB Yes No
Research - Bonds No No
Screener - Stocks Yes No
Screener - ETFs Yes No
Screener - Mutual Funds Yes No
Screener - Bonds Yes No
Misc - Portfolio Allocation Yes Yes
Stock ResearchJ.P. Morgan Self-Directed InvestingSofi Invest
Stock Research - PDF Reports 2 0
Stock Research - Earnings Yes No
Stock Research - Insiders No No
Stock Research - Social No No
Stock Research - News Yes Yes
Stock Research - ESG No No
Stock Research - SEC Filings No No
ETF ResearchJ.P. Morgan Self-Directed InvestingSofi Invest
ETFs - Strategy Overview Yes Yes
ETF Fund Facts - Inception Date Yes No
ETF Fund Facts - Expense Ratio Yes Yes
ETF Fund Facts - Net Assets Yes No
ETF Fund Facts - Total Holdings Yes No
ETFs - Top 10 Holdings Yes Yes
ETFs - Sector Exposure Yes No
ETFs - Risk Analysis No No
ETFs - Ratings Yes No
ETFs - Morningstar StyleMap Yes No
ETFs - PDF Reports No No
Mutual Fund ResearchJ.P. Morgan Self-Directed InvestingSofi Invest
Mutual Funds - Strategy Overview Yes No
Mutual Funds - Performance Chart Yes No
Mutual Funds - Performance Analysis Yes No
Mutual Funds - Prospectus No No
Mutual Funds - 3rd Party Ratings Yes No
Mutual Funds - Fees Breakdown Yes No
Mutual Funds - Top 10 Holdings Yes No
Mutual Funds - Asset Allocation Yes No
Mutual Funds - Sector Allocation Yes No
Mutual Funds - Country Allocation Yes No
Mutual Funds - StyleMap Yes No
Options TradingJ.P. Morgan Self-Directed InvestingSofi Invest
Option Chains - Basic View Yes Yes
Option Chains - Strategy View No No
Option Chains - Streaming No No
Option Chains - Total Columns 6 0
Option Chains - Greeks 0 0
Option Chains - Quick Analysis No No
Option Analysis - P&L Charts No No
Option Probability Analysis No No
Option Probability Analysis Adv No No
Option Positions - Greeks No No
Option Positions - Greeks Streaming No No
Option Positions - Adv Analysis No No
Option Positions - Rolling No No
Option Positions - Grouping No No
BankingJ.P. Morgan Self-Directed InvestingSofi Invest
Bank (Member FDIC) Yes Yes
Checking Accounts Yes Yes
Savings Accounts Yes Yes
Credit Cards Yes Yes
Debit Cards Yes Yes
Mortgage Loans Yes Yes
Customer ServiceJ.P. Morgan Self-Directed InvestingSofi Invest
Phone Support (Prospect Customers) No Yes
Phone Support (Current Customers) Yes Yes
Email Support Yes No
Live Chat (Prospect Customers) No Yes
Live Chat (Current Customers) No Yes
24/7 Support Yes No
OverallJ.P. Morgan Self-Directed InvestingSofi Invest
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4/5 Stars 2.5/5 Stars
Platforms & Tools 3/5 Stars 2.5/5 Stars
Mobile Trading Apps 4/5 Stars 3/5 Stars
Research 3.5/5 Stars 2/5 Stars
Education 4.5/5 Stars 4.5/5 Stars
Ease Of Use 4.5/5 Stars 3.5/5 Stars
Winner check_circle
Review J.P. Morgan Self-Directed Investing Review Sofi Invest Review
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J.P. Morgan Self-Directed Investing vs Sofi Invest Comparison

Comparing brokers side by side is no easy task. For our 2023 annual broker review, we spent hundreds of hours assessing 17 brokerages to find the best online broker. Let's compare J.P. Morgan Self-Directed Investing vs Sofi Invest.

Is J.P. Morgan Self-Directed Investing or Sofi Invest better for beginners?

J.P. Morgan Self-Directed Investing offers more comprehensive new investor education for beginner investors than Sofi Invest. J.P. Morgan Self-Directed Investing 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. See our guide to Best Paper Trading Platforms for more.

What about J.P. Morgan Self-Directed Investing vs Sofi Invest pricing?

J.P. Morgan Self-Directed Investing and Sofi Invest charge the same amount for regular stock trades, $0.00. Option contracts are pricier at J.P. Morgan Self-Directed Investing, 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 J.P. Morgan Self-Directed Investing or Sofi Invest offer a wider range of investment options?

J.P. Morgan Self-Directed Investing offers investors access to Stock Trading, Options Trading, OTC Stocks, Mutual Funds and Advisor Services, while Sofi Invest offers investors access to Stock Trading, Fractional Shares, Options Trading and OTC Stocks. Neither have Futures Trading and Forex Trading. Looking at Mutual Funds, Sofi Invest trails J.P. Morgan Self-Directed Investing in its offering of no transaction fee (NTF) mutual funds, with J.P. Morgan Self-Directed Investing offering 3500 and Sofi Invest offering 0.

Which trading platform is better: J.P. Morgan Self-Directed Investing or Sofi Invest?

To compare the trading platforms of J.P. Morgan Self-Directed Investing and Sofi Invest, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, J.P. Morgan Self-Directed Investing offers a better experience. With research, J.P. Morgan Self-Directed Investing offers superior market research. Finally, we found J.P. Morgan Self-Directed Investing 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, Credit Cards and Mortgage Loans are available to customers of J.P. Morgan Self-Directed Investing and Sofi Invest.

Is J.P. Morgan Self-Directed Investing good?

J.P. Morgan Self-Directed Investing makes it easy for Chase Bank customers to invest and allows access to J.P. Morgan research. On the downside, the broker features are sparse compared to industry leaders.

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.

J.P. Morgan Self-Directed Investing vs Sofi Invest Winner

Overall winner: J.P. Morgan Self-Directed Investing

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