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tastytrade vs Sofi Invest 2023

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Written by StockBrokers.com

April 11, 2023

Is tastytrade better than Sofi Invest? After testing 17 of the best online brokers over three months, tastytrade (81.30%) is better than Sofi Invest (67.99%). Tastytrade isn’t for every investor, but its platform is ideal for frequent options and futures traders, offering efficient workflow, useful risk management tools, killer design, and online content that make you feel like you’re on a trading desk.

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  • check_box_outline_blankcheck_boxAlly Invest
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxE*TRADE
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFidelity
  • check_box_outline_blankcheck_boxFirstrade
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxJ.P. Morgan Self-Directed Investing
  • check_box_outline_blankcheck_boxMerrill Edge
  • check_box_outline_blankcheck_boxRobinhood
  • check_box_outline_blankcheck_boxSofi Invest
  • check_box_outline_blankcheck_boxtastytrade
  • check_box_outline_blankcheck_boxTD Ameritrade
  • check_box_outline_blankcheck_boxTradeStation
  • check_box_outline_blankcheck_boxTradier
  • check_box_outline_blankcheck_boxVanguard
  • check_box_outline_blankcheck_boxWebull

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Overall RatingtastytradeSofi 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 4.5/5 Stars 2.5/5 Stars
Mobile Trading Apps 4/5 Stars 3/5 Stars
Research 2/5 Stars 2/5 Stars
Customer Service 4.0/5 Stars 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 tastytrade Review Sofi Invest Review
Trading FeestastytradeSofi 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) $0.50 info $0.00
Futures (Per Contract) $1.25 $0.00
Broker Assisted Trade Fee $0 $0
Margin RatestastytradeSofi Invest
Margin Rate Under $25,000 11.00% 8.50%
Margin Rate $25,000 to $49,999.99 10.50% 8.50%
Margin Rate $50,000 to $99,999.99 10.00% 8.50%
Margin Rate $100,000 to $249,999.99 9.50% 8.50%
Margin Rate $250,000 to $499,999.99 9.00% 8.50%
Margin Rate $500,000 to $999,999.99 8.50% 8.50%
Margin Rate Above $1,000,000 8.00% 8.50%
Account FeestastytradeSofi Invest
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $60.00 $20.00
Account Transfer Out (Partial) $75.00 $75.00
Account Transfer Out (Full) $75.00 $75.00
Options Exercise Fee $5.00 $5.00
Options Assignment Fee $5.00 $5.00
Investment OptionstastytradeSofi Invest
Stock Trading Yes Yes
Margin Trading Yes Yes
Fractional Shares Yes Yes
OTC Stocks No Yes
Options Trading Yes Yes
Complex Options Max Legs 4 0
Futures Trading Yes No
Forex Trading No No
Crypto Trading Yes Yes
Crypto Trading - Total Coins 25 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 TypestastytradeSofi 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 No No
Order Type - OCO Yes No
Order Type - OTO Yes No
Order Type - Broker Assisted Yes No
BeginnerstastytradeSofi Invest
Education (Stocks) Yes Yes
Education (ETFs) Yes 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 Yes Yes
Webinars (Archived) Yes Yes
Progress Tracking No No
Interactive Learning - Quizzes No No
Stock Trading AppstastytradeSofi Invest
iPhone App Yes Yes
Android App Yes Yes
Apple Watch App No 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
SB Gallery - Mobile Apps
Stock App FeaturestastytradeSofi 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) Yes No
Watch Lists - Create & Manage Yes No
Watch Lists - Column Customization Yes No
Watch Lists - Total Fields 33 3
Stock App ChartingtastytradeSofi Invest
Charting - After-Hours Yes No
Charting - Can Turn Horizontally Yes No
Charting - Multiple Time Frames No Yes
Charting - Technical Studies 0 0
Charting - Study Customizations No No
Charting - Stock Comparisons No No
Trading PlatformstastytradeSofi Invest
Active Trading Platform tastytrade N/A
Desktop Trading Platform Yes No
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Paper Trading No No
Trade Journal No No
Watch Lists - Total Fields 33 3
Stock Chart FeaturestastytradeSofi Invest
Charting - Adjust Trades on Chart Yes No
Charting - Indicators / Studies 308 0
Charting - Drawing Tools 19 0
Charting - Notes Yes No
Charting - Index Overlays No No
Charting - Historical Trades Yes 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 Yes No
Trade Ideas - Technical Analysis No No
Charting - Study Customizations 7 0
Charting - Custom Studies No No
Day TradingtastytradeSofi Invest
Streaming Time & Sales No No
Streaming TV Yes 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 Yes No
Order Liquidity Rebates No No
Research OverviewtastytradeSofi Invest
Research - Stocks Yes No
Research - ETFs Yes No
Research - Mutual Funds No No
Research - Pink Sheets / OTCBB No 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 No Yes
Stock ResearchtastytradeSofi Invest
Stock Research - PDF Reports 0 0
Stock Research - Earnings No No
Stock Research - Insiders No No
Stock Research - Social No No
Stock Research - News No Yes
Stock Research - ESG No No
Stock Research - SEC Filings No No
ETF ResearchtastytradeSofi Invest
ETFs - Strategy Overview No Yes
ETF Fund Facts - Inception Date No No
ETF Fund Facts - Expense Ratio No Yes
ETF Fund Facts - Net Assets No No
ETF Fund Facts - Total Holdings No No
ETFs - Top 10 Holdings No Yes
ETFs - Sector Exposure No No
ETFs - Risk Analysis Yes No
ETFs - Ratings No No
ETFs - Morningstar StyleMap No No
ETFs - PDF Reports No No
Mutual Fund ResearchtastytradeSofi 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 TradingtastytradeSofi Invest
Option Chains - Basic View Yes Yes
Option Chains - Strategy View No No
Option Chains - Streaming Yes No
Option Chains - Total Columns 7 0
Option Chains - Greeks 5 0
Option Chains - Quick Analysis Yes No
Option Analysis - P&L Charts Yes No
Option Probability Analysis Yes No
Option Probability Analysis Adv Yes No
Option Positions - Greeks Yes No
Option Positions - Greeks Streaming Yes No
Option Positions - Adv Analysis Yes No
Option Positions - Rolling Yes No
Option Positions - Grouping Yes No
BankingtastytradeSofi Invest
Bank (Member FDIC) No Yes
Checking Accounts No Yes
Savings Accounts No Yes
Credit Cards No Yes
Debit Cards No Yes
Mortgage Loans No Yes
Customer ServicetastytradeSofi Invest
Phone Support (Prospect Customers) Yes Yes
Phone Support (Current Customers) Yes Yes
Email Support Yes No
Live Chat (Prospect Customers) Yes Yes
Live Chat (Current Customers) Yes Yes
24/7 Support No No
OveralltastytradeSofi 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 4.5/5 Stars 2.5/5 Stars
Mobile Trading Apps 4/5 Stars 3/5 Stars
Research 2/5 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 tastytrade Review Sofi Invest Review
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tastytrade 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 tastytrade vs Sofi Invest.

Is tastytrade or Sofi Invest better for beginners?

tastytrade offers more comprehensive new investor education for beginner investors than Sofi Invest. tastytrade offers investors access to Education (Stocks), Education (ETFs) 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. See our guide to Best Paper Trading Platforms for more.

What about tastytrade vs Sofi Invest pricing?

tastytrade and Sofi Invest charge the same amount for regular stock trades, $0.00. Option contracts are pricier at tastytrade, costing $0.50 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 tastytrade or Sofi Invest offer a wider range of investment options?

tastytrade offers investors access to Stock Trading, Fractional Shares, Options Trading and Futures Trading, while Sofi Invest offers investors access to Stock Trading, Fractional Shares, Options Trading and OTC Stocks. Neither have Mutual Funds, Forex Trading and Advisor Services. Looking at Mutual Funds, tastytrade and Sofi Invest both provide customers access to 0 no transaction fee (NTF) mutual funds.

Which trading platform is better: tastytrade or Sofi Invest?

To compare the trading platforms of tastytrade and Sofi Invest, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, tastytrade offers a better experience. With research, Sofi Invest offers superior market research. Finally, we found tastytrade 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. neither of these are offered by tastytrade while Sofi Invest offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.

Is tastytrade good?

Tastytrade isn’t for every investor, but its platform is ideal for frequent options and futures traders, offering efficient workflow, useful risk management tools, killer design, and online content that make you feel like you’re on a trading desk.

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.

tastytrade vs Sofi Invest Winner

Overall winner: tastytrade

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tastytrade, Inc. (“tastytrade”) has entered into a Marketing Agreement with Marketing Agent (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade and/or any of its affiliated companies. Neither tastytrade nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website. tastytrade does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website. Marketing Agent is independent and is not an affiliate of tastytrade. tastytrade was previously known as tastyworks, Inc.

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