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TD Ameritrade vs Sofi Invest 2022

StockBrokers.com

Written by StockBrokers.com

November 02, 2022

Is TD Ameritrade better than Sofi Invest? After testing 15 of the best online brokers over six months, TD Ameritrade (95.41%) is better than E*TRADE (92.52%). TD Ameritrade delivers $0 trades, fantastic trading platforms, excellent market research, industry-leading education for beginners and reliable customer service. This outstanding all-around experience makes TD Ameritrade one of our top overall brokers in 2022.

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Overall RatingTD AmeritradeSofi InvestE*TRADE
Overall5 Stars3.5 Stars5 Stars
Commissions & Fees4.5 Stars4.5 Stars4.5 Stars
Investment Options5 Stars2 Stars5 Stars
Platforms & Tools5 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 Use5 Stars4 Stars5 Stars
Winnercheck_circle
ReviewTD Ameritrade ReviewSofi Invest ReviewE*TRADE Review
Trading FeesTD AmeritradeSofi InvestE*TRADE
Minimum Deposit$0.00$5.00$0.00
Stock Trades$0.00$0.00$0.00
Penny Stock Fees (OTCCB)$6.95N/A$6.95
Mutual Fund Trade FeeVaries$0$19.99
Options (Base Fee)$0.00$0.00$0.00
Options (Per Contract)$0.65$0.00$0.65
Futures (Per Contract)$2.25$0.00$1.50
Broker Assisted Trade Fee$25$0$25
Margin RatesTD AmeritradeSofi InvestE*TRADE
Margin Rate Under $24,999.9912.50%5.25%11.95%
Margin Rate $25,000.00 to $49,999.9912.00%5.25%11.45%
Margin Rate $50,000.00 to $99,999.9911.00%5.25%10.95%
Margin Rate $100,000.00 to $249,999.9910.75%5.25%10.45%
Margin Rate $250,000.00 to $499,999.9910.50%5.25%9.95%
Margin Rate $500,000.00 to $999,999.99N/A5.25%9.45%
Margin Rate Above $1,000,000.00N/A5.25%8.45%
Account FeesTD AmeritradeSofi 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)$75.00$75.00$75.00
Options Exercise Fee$0.00N/A$0.00
Options Assignment Fee$0.00$0.00$0.00
Investment OptionsTD AmeritradeSofi InvestE*TRADE
Stock TradingYesYesYes
Margin TradingYesYesYes
Fractional SharesNoYesNo
OTCBB / Pink SheetsYesYesYes
Options TradingYesNoYes
Complex Options Max Legs404
Futures TradingYesNoYes
Forex TradingYesNoNo
Crypto TradingNoYesNo
Crypto Trading - Total Coins0300
Mutual Funds (No Load)369806486
Mutual Funds (Total)587607242
Bonds (US Treasury)YesNoYes
Bonds (Corporate)YesNoYes
Bonds (Municipal)YesNoYes
Advisor ServicesYesNoYes
International Countries (Stocks)000
Order TypesTD AmeritradeSofi 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
BeginnersTD AmeritradeSofi 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 TradingYesNoYes
VideosYesNoYes
WebinarsYesYesYes
Webinars (Archived)YesYesYes
Progress TrackingYesNoNo
Interactive Learning - QuizzesYesNoYes
Stock Trading AppsTD AmeritradeSofi 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 FeaturesTD AmeritradeSofi 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 Fields514395
Stock App ChartingTD AmeritradeSofi InvestE*TRADE
Charting - After-HoursYesNoYes
Charting - Can Turn HorizontallyYesNoYes
Charting - Multiple Time FramesYesYesYes
Charting - Technical Studies400010
Charting - Study CustomizationsYesNoYes
Charting - Stock ComparisonsYesNoYes
Trading PlatformsTD AmeritradeSofi InvestE*TRADE
Active Trading PlatformthinkorswimN/APower E*TRADE
Desktop Trading PlatformYesNoNo
Desktop Platform (Mac)YesNoNo
Web Trading PlatformYesYesYes
Paper TradingYesNoYes
Trade JournalYesNoNo
Watch Lists - Total Fields514395
Stock Chart FeaturesTD AmeritradeSofi InvestE*TRADE
Charting - Adjust Trades on ChartYesNoYes
Charting - Indicators / Studies4290119
Charting - Drawing Tools24031
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 Customizations906
Charting - Custom StudiesYesNoNo
Day TradingTD AmeritradeSofi InvestE*TRADE
Streaming Time & SalesYesNoYes
Streaming TVYesNoYes
Direct Market Routing - StocksYesNoYes
Ladder TradingYesNoNo
Trade Hot KeysYesNoYes
Level 2 Quotes - StocksYesNoYes
Trade Ideas - BacktestingYesNoNo
Trade Ideas - Backtesting AdvYesNoNo
Short LocatorNoNoNo
Order Liquidity RebatesNoNoNo
Research OverviewTD AmeritradeSofi 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 ResearchTD AmeritradeSofi InvestE*TRADE
Stock Research - PDF Reports606
Stock Research - EarningsYesNoYes
Stock Research - InsidersYesNoYes
Stock Research - SocialYesNoYes
Stock Research - NewsYesYesYes
Stock Research - ESGNoNoNo
Stock Research - SEC FilingsYesNoYes
ETF ResearchTD AmeritradeSofi InvestE*TRADE
ETFs - Strategy OverviewYesYesYes
ETF Fund Facts - Inception DateYesNoYes
ETF Fund Facts - Expense RatioYesYesYes
ETF Fund Facts - Net AssetsYesNoYes
ETF Fund Facts - Total HoldingsNoNoYes
ETFs - Top 10 HoldingsYesYesYes
ETFs - Sector ExposureYesNoYes
ETFs - Risk AnalysisYesNoYes
ETFs - RatingsYesNoYes
ETFs - Morningstar StyleMapYesNoYes
ETFs - PDF ReportsYesNoYes
Mutual Fund ResearchTD AmeritradeSofi 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 AllocationNoNoYes
Mutual Funds - StyleMapYesNoYes
Options TradingTD AmeritradeSofi InvestE*TRADE
Option Chains - Basic ViewYesNoYes
Option Chains - Strategy ViewYesNoYes
Option Chains - StreamingYesNoYes
Option Chains - Total Columns35031
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
BankingTD AmeritradeSofi InvestE*TRADE
Bank (Member FDIC)NoYesYes
Checking AccountsYesYesYes
Savings AccountsNoYesYes
Credit CardsYesYesYes
Debit CardsYesYesYes
Mortgage LoansNoYesYes
Customer ServiceTD AmeritradeSofi 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
OverallTD AmeritradeSofi InvestE*TRADE
Overall5 Stars3.5 Stars5 Stars
Commissions & Fees4.5 Stars4.5 Stars4.5 Stars
Investment Options5 Stars2 Stars5 Stars
Platforms & Tools5 Stars1.5 Stars4.5 Stars
Mobile Trading Apps5 Stars3.5 Stars5 Stars
Research5 Stars2 Stars4.5 Stars
Education5 Stars3 Stars4.5 Stars
Ease Of Use5 Stars4 Stars5 Stars
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ReviewTD Ameritrade ReviewSofi Invest ReviewE*TRADE Review
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TD Ameritrade 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 TD Ameritrade vs Sofi Invest.

Is TD Ameritrade or Sofi Invest better for beginners?

TD Ameritrade offers more comprehensive new investor education for beginner investors than E*TRADE. TD Ameritrade offers investors access to Paper Trading, 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).

What about TD Ameritrade vs Sofi Invest pricing?

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

TD Ameritrade offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets, Mutual Funds, Futures Trading, Forex Trading and Advisor Services, while Sofi Invest offers investors access to Stock Trading, Fractional Shares and OTCBB / Pink Sheets. Looking at Mutual Funds, Sofi Invest trails TD Ameritrade in its offering of no transaction fee (NTF) mutual funds, with TD Ameritrade offering 3610 and Sofi Invest offering 0.

Which trading platform is better: TD Ameritrade or Sofi Invest?

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

Is TD Ameritrade good?

TD Ameritrade delivers $0 trades, fantastic trading platforms, excellent market research, industry-leading education for beginners and reliable customer service. This outstanding all-around experience makes TD Ameritrade one of our top overall brokers in 2022.

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.

TD Ameritrade vs Sofi Invest Winner

Overall winner: TD Ameritrade

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