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Robinhood vs Sofi Invest 2023

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Written by StockBrokers.com

February 23, 2023

Is Robinhood better than Sofi Invest? After testing 17 of the best online brokers over three months, Robinhood (83.65%) is better than Sofi Invest (67.99%). Robinhood is very easy to use and its educational content is a joy to read. But, in today’s competitive market for your investing dollars, there are several more compelling options among brokerages.

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Overall RatingRobinhoodSofi Invest
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 3.5/5 Stars 2.5/5 Stars
Platforms & Tools 3/5 Stars 2.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3/5 Stars
Research 2.5/5 Stars 2/5 Stars
Customer Service N/A 4/5 Stars
Education 3.5/5 Stars 4.5/5 Stars
Ease Of Use 5/5 Stars 3.5/5 Stars
Winner check_circle
Review Robinhood Review Sofi Invest Review
Trading FeesRobinhoodSofi Invest
Minimum Deposit $0.00 $5.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) N/A N/A
Mutual Fund Trade Fee N/A $0
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.00 $0.00
Futures (Per Contract) N/A $0.00
Broker Assisted Trade Fee N/A $0
Margin RatesRobinhoodSofi Invest
Margin Rate Under $25,000 11.25% info 7.75%
Margin Rate $25,000 to $49,999.99 11.25% info 7.75%
Margin Rate $50,000 to $99,999.99 11.25% info 7.75%
Margin Rate $100,000 to $249,999.99 11.25% info 7.75%
Margin Rate $250,000 to $499,999.99 11.25% info 7.75%
Margin Rate $500,000 to $999,999.99 11.25% info 7.75%
Margin Rate Above $1,000,000 11.25% info 7.75%
Account FeesRobinhoodSofi Invest
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $20.00
Account Transfer Out (Partial) $100.00 $75.00
Account Transfer Out (Full) $100.00 $75.00
Options Exercise Fee $0.00 $5.00
Options Assignment Fee $0.00 $5.00
Investment OptionsRobinhoodSofi Invest
Stock Trading Yes Yes
Margin Trading Yes Yes
Fractional Shares Yes Yes
OTC Stocks Yes Yes
Options Trading Yes Yes
Complex Options Max Legs 4 0
Futures Trading No No
Forex Trading No No
Crypto Trading Yes Yes
Crypto Trading - Total Coins 17 30
Mutual Funds (No Load) 0 0
Mutual Funds (Total) 0 0
Bonds (US Treasury) No No
Bonds (Corporate) No No
Bonds (Municipal) No No
Advisor Services No No
International Countries (Stocks) 0 0
Order TypesRobinhoodSofi Invest
Order Type - Market Yes Yes
Order Type - Limit Yes Yes
Order Type - After Hours Yes Yes
Order Type - Stop Yes No
Order Type - Trailing Stop Yes No
Order Type - OCO No No
Order Type - OTO No No
Order Type - Broker Assisted No No
BeginnersRobinhoodSofi Invest
Education (Stocks) Yes Yes
Education (ETFs) No Yes
Education (Options) Yes Yes
Education (Mutual Funds) No Yes
Education (Bonds) No Yes
Education (Retirement) No Yes
Retirement Calculator No No
Investor Dictionary Yes Yes
Paper Trading No No
Videos No No
Webinars No Yes
Webinars (Archived) No Yes
Progress Tracking No No
Interactive Learning - Quizzes No No
Stock Trading AppsRobinhoodSofi Invest
iPhone App Yes Yes
Android App Yes Yes
Apple Watch App Yes No
Trading - Stocks Yes Yes
Trading - After-Hours Yes Yes
Trading - Simple Options Yes No
Trading - Complex Options Yes No
Order Ticket RT Quotes Yes Yes
Order Ticket SRT Quotes Yes No
Stock App FeaturesRobinhoodSofi Invest
Market Movers (Top Gainers) Yes Yes
Stream Live TV No No
Videos on Demand No No
Stock Alerts Yes 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 Yes No
Watch Lists - Total Fields 3 3
Stock App ChartingRobinhoodSofi Invest
Charting - After-Hours Yes No
Charting - Can Turn Horizontally No No
Charting - Multiple Time Frames Yes Yes
Charting - Technical Studies 6 0
Charting - Study Customizations Yes No
Charting - Stock Comparisons No No
Trading PlatformsRobinhoodSofi Invest
Active Trading Platform 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 3 3
Stock Chart FeaturesRobinhoodSofi Invest
Charting - Adjust Trades on Chart No No
Charting - Indicators / Studies 6 0
Charting - Drawing Tools 0 0
Charting - Notes No No
Charting - Index Overlays No No
Charting - Historical Trades No No
Charting - Corporate Events No 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 1 0
Charting - Custom Studies No No
Day TradingRobinhoodSofi 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 OverviewRobinhoodSofi Invest
Research - Stocks Yes No
Research - ETFs Yes No
Research - Mutual Funds No No
Research - Pink Sheets / OTCBB Yes No
Research - Bonds No No
Screener - Stocks No No
Screener - ETFs No No
Screener - Mutual Funds No No
Screener - Bonds No No
Misc - Portfolio Allocation Yes Yes
Stock ResearchRobinhoodSofi Invest
Stock Research - PDF Reports 0 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 ResearchRobinhoodSofi 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 No 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 No No
ETFs - Morningstar StyleMap No No
ETFs - PDF Reports No No
Mutual Fund ResearchRobinhoodSofi Invest
Mutual Funds - Strategy Overview No No
Mutual Funds - Performance Chart No No
Mutual Funds - Performance Analysis No No
Mutual Funds - Prospectus No No
Mutual Funds - 3rd Party Ratings No No
Mutual Funds - Fees Breakdown No No
Mutual Funds - Top 10 Holdings No No
Mutual Funds - Asset Allocation No No
Mutual Funds - Sector Allocation No No
Mutual Funds - Country Allocation No No
Mutual Funds - StyleMap No No
Options TradingRobinhoodSofi Invest
Option Chains - Basic View Yes Yes
Option Chains - Strategy View No No
Option Chains - Streaming Yes No
Option Chains - Total Columns 17 0
Option Chains - Greeks 5 0
Option Chains - Quick Analysis Yes No
Option Analysis - P&L Charts Yes No
Option Probability Analysis No No
Option Probability Analysis Adv No No
Option Positions - Greeks Yes No
Option Positions - Greeks Streaming Yes No
Option Positions - Adv Analysis No No
Option Positions - Rolling Yes No
Option Positions - Grouping Yes No
BankingRobinhoodSofi Invest
Bank (Member FDIC) No Yes
Checking Accounts No Yes
Savings Accounts No Yes
Credit Cards No Yes
Debit Cards Yes Yes
Mortgage Loans No Yes
Customer ServiceRobinhoodSofi 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) Yes Yes
24/7 Support Yes No
OverallRobinhoodSofi Invest
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 3.5/5 Stars 2.5/5 Stars
Platforms & Tools 3/5 Stars 2.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3/5 Stars
Research 2.5/5 Stars 2/5 Stars
Education 3.5/5 Stars 4.5/5 Stars
Ease Of Use 5/5 Stars 3.5/5 Stars
Winner check_circle
Review Robinhood Review Sofi Invest Review
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Robinhood 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 Robinhood vs Sofi Invest.

Is Robinhood or Sofi Invest better for beginners?

Sofi Invest offers more comprehensive new investor education for beginner investors than Robinhood. 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?

Both Robinhood and Sofi Invest offer Stock Trading, Fractional Shares, Options Trading and OTC Stocks. 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, Robinhood offers a better experience. With research, Robinhood offers superior market research. Finally, we found Robinhood 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 and its educational content is a joy to read. But, in today’s competitive market for your investing dollars, there are several more compelling options among brokerages.

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: Robinhood

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