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Robinhood vs Sofi Invest 2022

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November 02, 2022

Is Robinhood better than Sofi Invest? After testing 15 of the best online brokers over six months, E*TRADE (92.52%) is better than Robinhood (64.85%). Founded in 1982 as one of the first online brokerages in the United States, E*TRADE highlights include $0 trades, two excellent mobile apps and the Power E*TRADE platform, which is great for beginners, active trading and options trading.

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Overall RatingRobinhoodSofi InvestE*TRADE
Overall3.5 Stars3.5 Stars5 Stars
Commissions & Fees4.5 Stars4.5 Stars4.5 Stars
Investment Options3 Stars2 Stars5 Stars
Platforms & Tools2 Stars1.5 Stars4.5 Stars
Mobile Trading Apps4 Stars3.5 Stars5 Stars
Research2 Stars2 Stars4.5 Stars
Customer ServiceN/A4 Stars4.5 Stars
Education3 Stars3 Stars4.5 Stars
Ease Of Use5 Stars4 Stars5 Stars
ReviewRobinhood ReviewSofi Invest ReviewE*TRADE Review
Trading FeesRobinhoodSofi InvestE*TRADE
Minimum Deposit$0.00$5.00$0.00
Stock Trades$0.00$0.00$0.00
Penny Stock Fees (OTCCB)N/AN/A$6.95
Mutual Fund Trade Fee$0$19.99
Options (Base Fee)$0.00$0.00$0.00
Options (Per Contract)$0.00$0.00$0.65
Futures (Per Contract)N/A$0.00$1.50
Broker Assisted Trade Fee$0$25
Margin RatesRobinhoodSofi InvestE*TRADE
Margin Rate Under $24,999.999.75%5.25%11.95%
Margin Rate $25,000.00 to $49,999.999.75%5.25%11.45%
Margin Rate $50,000.00 to $99,999.999.75%5.25%10.95%
Margin Rate $100,000.00 to $249,999.999.75%5.25%10.45%
Margin Rate $250,000.00 to $499,999.999.75%5.25%9.95%
Margin Rate $500,000.00 to $999,999.999.75%5.25%9.45%
Margin Rate Above $1,000,000.009.75%5.25%8.45%
Account FeesRobinhoodSofi InvestE*TRADE
IRA Annual FeeN/A$0.00$0.00
IRA Closure FeeN/A$20.00$0.00
Account Transfer Out (Partial)$100.00$75.00$25.00
Account Transfer Out (Full)$100.00$75.00$75.00
Options Exercise Fee$0.00N/A$0.00
Options Assignment Fee$0.00$0.00$0.00
Investment OptionsRobinhoodSofi InvestE*TRADE
Stock TradingYesYesYes
Margin TradingYesYesYes
Fractional SharesYesYesNo
OTCBB / Pink SheetsNoYesYes
Options TradingYesNoYes
Complex Options Max Legs404
Futures TradingNoNoYes
Forex TradingNoNoNo
Crypto TradingYesYesNo
Crypto Trading - Total Coins17300
Mutual Funds (No Load)006486
Mutual Funds (Total)007242
Bonds (US Treasury)NoNoYes
Bonds (Corporate)NoNoYes
Bonds (Municipal)NoNoYes
Advisor ServicesNoNoYes
International Countries (Stocks)000
Order TypesRobinhoodSofi InvestE*TRADE
Order Type - MarketYesYesYes
Order Type - LimitYesYesYes
Order Type - After HoursYesYesYes
Order Type - StopYesNoYes
Order Type - Trailing StopYesNoYes
Order Type - OCONoNoYes
Order Type - OTONoNoYes
Order Type - Broker AssistedNoNoYes
BeginnersRobinhoodSofi InvestE*TRADE
Education (Stocks)YesYesYes
Education (ETFs)NoYesYes
Education (Options)YesYesYes
Education (Mutual Funds)NoYesYes
Education (Bonds)NoYesYes
Education (Retirement)NoYesYes
Retirement CalculatorNoNoYes
Investor DictionaryYesYesYes
Paper TradingNoNoYes
Webinars (Archived)NoYesYes
Progress TrackingNoNoNo
Interactive Learning - QuizzesNoNoYes
Stock Trading AppsRobinhoodSofi 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 FeaturesRobinhoodSofi InvestE*TRADE
Market Movers (Top Gainers)YesYesYes
Stream Live TVNoNoYes
Videos on DemandNoNoNo
Stock AlertsYesNoYes
Option Chains ViewableYesNoYes
Watch List (Real-time)YesYesYes
Watch List (Streaming)NoNoYes
Watch Lists - Create & ManageYesNoYes
Watch Lists - Column CustomizationYesNoYes
Watch Lists - Total Fields3395
Stock App ChartingRobinhoodSofi InvestE*TRADE
Charting - After-HoursYesNoYes
Charting - Can Turn HorizontallyNoNoYes
Charting - Multiple Time FramesYesYesYes
Charting - Technical Studies6010
Charting - Study CustomizationsYesNoYes
Charting - Stock ComparisonsNoNoYes
Trading PlatformsRobinhoodSofi InvestE*TRADE
Active Trading PlatformN/APower E*TRADE
Desktop Trading PlatformNoNoNo
Desktop Platform (Mac)NoNoNo
Web Trading PlatformYesYesYes
Paper TradingNoNoYes
Trade JournalNoNoNo
Watch Lists - Total Fields3395
Stock Chart FeaturesRobinhoodSofi InvestE*TRADE
Charting - Adjust Trades on ChartNoNoYes
Charting - Indicators / Studies60119
Charting - Drawing Tools0031
Charting - NotesNoNoYes
Charting - Index OverlaysNoNoYes
Charting - Historical TradesNoNoYes
Charting - Corporate EventsNoNoYes
Charting - Custom Date RangeNoNoYes
Charting - Custom Time BarsNoNoNo
Charting - Automated AnalysisNoNoYes
Charting - Save ProfilesNoNoYes
Trade Ideas - Technical AnalysisNoNoYes
Charting - Study Customizations106
Charting - Custom StudiesNoNoNo
Day TradingRobinhoodSofi InvestE*TRADE
Streaming Time & SalesNoNoYes
Streaming TVNoNoYes
Direct Market Routing - StocksNoNoYes
Ladder TradingNoNoNo
Trade Hot KeysNoNoYes
Level 2 Quotes - StocksNoNoYes
Trade Ideas - BacktestingNoNoNo
Trade Ideas - Backtesting AdvNoNoNo
Short LocatorNoNoNo
Order Liquidity RebatesNoNoNo
Research OverviewRobinhoodSofi InvestE*TRADE
Research - StocksYesNoYes
Research - ETFsYesNoYes
Research - Mutual FundsNoNoYes
Research - Pink Sheets / OTCBBYesNoYes
Research - BondsNoNoYes
Screener - StocksNoNoYes
Screener - ETFsNoNoYes
Screener - Mutual FundsNoNoYes
Screener - BondsNoNoYes
Misc - Portfolio AllocationYesYesYes
Stock ResearchRobinhoodSofi InvestE*TRADE
Stock Research - PDF Reports006
Stock Research - EarningsYesNoYes
Stock Research - InsidersNoNoYes
Stock Research - SocialNoNoYes
Stock Research - NewsYesYesYes
Stock Research - ESGNoNoNo
Stock Research - SEC FilingsNoNoYes
ETF ResearchRobinhoodSofi InvestE*TRADE
ETFs - Strategy OverviewYesYesYes
ETF Fund Facts - Inception DateYesNoYes
ETF Fund Facts - Expense RatioYesYesYes
ETF Fund Facts - Net AssetsNoNoYes
ETF Fund Facts - Total HoldingsYesNoYes
ETFs - Top 10 HoldingsYesYesYes
ETFs - Sector ExposureYesNoYes
ETFs - Risk AnalysisNoNoYes
ETFs - RatingsNoNoYes
ETFs - Morningstar StyleMapNoNoYes
ETFs - PDF ReportsNoNoYes
Mutual Fund ResearchRobinhoodSofi InvestE*TRADE
Mutual Funds - Strategy OverviewNoNoYes
Mutual Funds - Performance ChartNoNoNo
Mutual Funds - Performance AnalysisNoNoYes
Mutual Funds - ProspectusNoNoYes
Mutual Funds - 3rd Party RatingsNoNoYes
Mutual Funds - Fees BreakdownNoNoYes
Mutual Funds - Top 10 HoldingsNoNoYes
Mutual Funds - Asset AllocationNoNoYes
Mutual Funds - Sector AllocationNoNoYes
Mutual Funds - Country AllocationNoNoYes
Mutual Funds - StyleMapNoNoYes
Options TradingRobinhoodSofi InvestE*TRADE
Option Chains - Basic ViewYesNoYes
Option Chains - Strategy ViewNoNoYes
Option Chains - StreamingYesNoYes
Option Chains - Total Columns17031
Option Chains - Greeks505
Option Chains - Quick AnalysisYesNoYes
Option Analysis - P&L ChartsYesNoYes
Option Probability AnalysisNoNoYes
Option Probability Analysis AdvNoNoYes
Option Positions - GreeksYesNoYes
Option Positions - Greeks StreamingYesNoYes
Option Positions - Adv AnalysisNoNoYes
Option Positions - RollingYesNoYes
Option Positions - GroupingYesNoYes
BankingRobinhoodSofi InvestE*TRADE
Bank (Member FDIC)NoYesYes
Checking AccountsNoYesYes
Savings AccountsNoYesYes
Credit CardsNoYesYes
Debit CardsYesYesYes
Mortgage LoansNoYesYes
Customer ServiceRobinhoodSofi InvestE*TRADE
Phone Support (Prospect Customers)NoYesYes
Phone Support (Current Customers)YesYesYes
Email SupportYesNoYes
Live Chat (Prospect Customers)NoYesNo
Live Chat (Current Customers)YesYesYes
24/7 SupportYesNoYes
OverallRobinhoodSofi InvestE*TRADE
Overall3.5 Stars3.5 Stars5 Stars
Commissions & Fees4.5 Stars4.5 Stars4.5 Stars
Investment Options3 Stars2 Stars5 Stars
Platforms & Tools2 Stars1.5 Stars4.5 Stars
Mobile Trading Apps4 Stars3.5 Stars5 Stars
Research2 Stars2 Stars4.5 Stars
Education3 Stars3 Stars4.5 Stars
Ease Of Use5 Stars4 Stars5 Stars
ReviewRobinhood ReviewSofi Invest ReviewE*TRADE Review
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Robinhood 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 Robinhood vs Sofi Invest.

Is Robinhood or Sofi Invest better for beginners?

E*TRADE offers more comprehensive new investor education for beginner investors than Sofi Invest. Robinhood offers investors access to Education (Stocks) and Education (Options), 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 and Videos.

What about Robinhood vs Sofi Invest pricing?

Robinhood and Sofi Invest charge the same amount for regular stock trades, $0.00. Robinhood and Sofi Invest both charge $0.00 per option contract. For a complete commissions summary, see our best brokers for free stock trading guide.

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

Robinhood offers investors access to Stock Trading, Fractional Shares and Options Trading, while Sofi Invest offers investors access to Stock Trading, Fractional Shares and OTCBB / Pink Sheets, neither have Mutual Funds, Futures Trading, Forex Trading and Advisor Services. Looking at Mutual Funds, Robinhood and Sofi Invest both provide customers access to 0 no transaction fee (NTF) mutual funds.

Which trading platform is better: Robinhood or Sofi Invest?

To compare the trading platforms of Robinhood and Sofi Invest, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, E*TRADE offers a better experience. With research, E*TRADE 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. Debit Cards are offered by Robinhood while Sofi Invest offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.

Is Robinhood good?

Robinhood is very easy to use; however, now that all online brokers offer $0 stock and ETF trades, Robinhood's lack of trading tools and research leaves it a step behind the competition.

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.

Robinhood vs Sofi Invest Winner

Overall winner: E*TRADE

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