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Vanguard vs SoFi Invest 2022

Is SoFi Invest better than Vanguard? After testing 15 of the best online brokers over six months, Vanguard (62.82%) is better than SoFi Invest (60.31%). Vanguard, known for its low-cost funds, is aimed squarely at buy-and-hold investors and its platform reflects that focus.


Overall Rating

Feature Vanguard SoFi Invest
Overall 3.5 3.5
Commissions & Fees 4.5 4.5
Offering of Investments 4.5 2
Platforms & Tools 1.5 1.5
Mobile Trading Apps 3 3.5
Research 2.5 2
Education 2.5 3
Ease of Use 4.5 4
Vanguard Review SoFi Invest Review
Winner check_circle

Trading Fees

Feature Vanguard SoFi Invest
Minimum Deposit $0.00 $5.00
Stock Trades $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Mutual Fund Trade Fee $20.00 $0.00
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $1.00 $0.00
Futures (Per Contract) N/A $0.00
Broker Assisted Trade Fee $25.00 $0.00

Margin Rates

Feature Vanguard SoFi Invest
Under $24,999.99 8.50% 0.00%
$25,000.00 to $49,999.99 8.00% 0.00%
$50,000.00 to $99,999.99 7.50% 0.00%
$100,000.00 to $249,999.99 7.00% 0.00%
$250,000.00 to $499,999.99 6.50% 0.00%
$500,000.00 to $999,999.99 5.25% 0.00%
Above $1,000,000.00 4.75% 0.00%

Account Fees

Feature Vanguard SoFi Invest
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $20.00
Account Transfer Out (Partial)
$0.00 $75.00
Account Transfer Out (Full)
$0.00 $75.00

Investment Options

Feature Vanguard SoFi Invest
Stock Trading
Yes Yes
Fractional Shares
No Yes
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes No
Complex Options Max Legs
4
Futures Trading
No No
Forex Trading
No No
Crypto Trading
No Yes
Crypto Trading - Total Coins
0 30
Mutual Funds (No Load)
N/A
Mutual Funds (Total)
10000
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Advisor Services
Yes No
International Trading
No No

Order Types

Feature Vanguard SoFi Invest
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - After-Hours
Yes No
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

Beginners

Feature Vanguard SoFi Invest
Education (Stocks)
Yes Yes
Education (ETFs)
No Yes
Education (Options)
No Yes
Education (Mutual Funds)
No Yes
Education (Bonds)
No Yes
Education (Retirement)
Yes Yes
Retirement Calculator
Yes No
Investor Dictionary
No Yes
Paper Trading
No No
Videos
No No
Webinars (Monthly Avg)
1
Webinars (Archived)
No Yes
Progress Tracking
No No
Interactive Learning - Quizzes
No No

Stock Trading Apps

Feature Vanguard SoFi Invest
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
No No
Trading - Stocks
Yes Yes
Trading - After-Hours
No No
Trading - Simple Options
No No
Trading - Complex Options
No No
Order Ticket RT Quotes
No Yes
Order Ticket SRT Quotes
No No

Stock App Features

Feature Vanguard SoFi Invest
Market Movers (Top Gainers)
No Yes
Stream Live TV
No No
Videos on Demand
No No
Stock Alerts
No No
Option Chains Viewable
No No
Watch List (Real-time)
No Yes
Watch List (Streaming)
No No
Watch Lists - Create & Manage
No No
Watch Lists - Column Customization
No No
Watch List - Column Filtering
Yes Yes

Stock App Charting

Feature Vanguard SoFi Invest
Charting - After-Hours
No No
Charting - Can Turn Horizontally
No No
Charting - Multiple Time Frames
No Yes
Charting - Technical Studies
0
Charting - Study Customizations
No No
Charting - Stock Comparisons
No No

Trading Platforms

Feature Vanguard SoFi Invest
Desktop Trading Platform
No No
Web Trading Platform
No Yes
Paper Trading
No No
Trade Journal
No No
Watch Lists - Total Fields
9 3

Stock Chart Features

Feature Vanguard SoFi Invest
Charting - Adjust Trades on Chart
No No
Charting - Indicators / Studies
9
Charting - Drawing Tools
Charting - Notes
No No
Charting - Index Overlays
Yes 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
Charting - Custom Studies
No No

Day Trading

Feature Vanguard SoFi 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 Overview

Feature Vanguard SoFi Invest
Research - Stocks
Yes No
Research - ETFs
No No
Research - Mutual Funds
Yes No
Research - Pink Sheets / OTCBB
No No
Research - Bonds
No No
Screener - Stocks
Yes No
Screener - ETFs
No No
Screener - Mutual Funds
Yes No
Screener - Options
No No
Screener - Bonds
No No
Misc - Portfolio Allocation
Yes Yes

Stock Research

Feature Vanguard SoFi Invest
Stock Research - PDF Reports
2
Stock Research - Earnings
Yes No
Stock Research - Insiders
No No
Stock Research - SEC Filings
No No
Stock Research - Social
No No
Stock Research - Balance Sheet
No No
Stock Research - Cash Flows
No No
Stock Research - News
Yes Yes
Stock Research - ESG
No No

ETF Research

Feature Vanguard SoFi 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 - Performance Analysis
No No
ETFs - Sector Exposure
No No
ETFs - Risk Analysis
No No
ETFs - Ratings
No No
ETFs - Morningstar StyleMap
No No
ETFs - PDF Reports
No No

Mutual Fund Research

Feature Vanguard SoFi Invest
Mutual Funds - Strategy Overview
Yes No
Mutual Funds - Performance Chart
Yes No
Mutual Funds - Performance Analysis
Yes No
Mutual Funds - Prospectus
Yes No
Mutual Funds - PDF Reports
No No
Mutual Funds - Fees Breakdown
Yes No
Mutual Funds - Top 10 Holdings
Yes No
Mutual Funds - Asset Allocation
No No
Mutual Funds - Sector Allocation
Yes No
Mutual Funds - Country Allocation
No No
Mutual Funds - StyleMap
Yes No
Mutual Funds - 3rd Party Ratings
No No

Options Trading

Feature Vanguard SoFi Invest
Option Chains - Basic View
Yes No
Option Chains - Strategy View
No No
Option Chains - Streaming
No No
Option Chains - Total Columns
9
Option Chains - Greeks
0
Option Positions - Greeks Streaming
No No
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 - Adv Analysis
No No
Option Positions - Rolling
No No
Option Positions - Grouping
No No

Banking

Feature Vanguard SoFi Invest
Bank (Member FDIC)
No No
Checking Accounts
No No
Savings Accounts
No No
Credit Cards
No Yes
Debit Cards
No Yes
Mortgage Loans
No Yes

Customer Service

Feature Vanguard SoFi Invest
Phone Support (Prospect Customers)
Yes 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
No No

Overall

Feature Vanguard SoFi Invest
Overall 3.5 3.5
Commissions & Fees 4.5 4.5
Offering of Investments 4.5 2
Platforms & Tools 1.5 1.5
Mobile Trading Apps 3 3.5
Research 2.5 2
Education 2.5 3
Ease of Use 4.5 4
Vanguard Review SoFi Invest Review
Winner check_circle

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 SoFi Invest vs Vanguard.

Is SoFi Invest or Vanguard better for beginners?
SoFi Invest is better for beginner investors than Vanguard. SoFi Invest offers investors access to Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement).

What about SoFi Invest vs Vanguard pricing?
SoFi Invest and Vanguard charge the same amount for regular stock trades, $0. With options, the base fee is $0 for both SoFi Invest and Vanguard. Each option contract then costs $1 at Vanguard and $0 at SoFi Invest. For a complete commissions summary, see our best discount brokers guide.

Does SoFi Invest or Vanguard offer a wider range of investment options?
Vanguard offers a more diverse selection of investment options than SoFi Invest. Vanguard offers investors access to Stock Trading, OTCBB / Pink Sheets, Options Trading, Mutual Funds and Advisor Services. Looking at Mutual Funds, Vanguard boasts an offering of 10000 mutual funds compared to SoFi Invest's available funds.

Which trading platform is better: SoFi Invest or Vanguard?
To compare the trading platforms of both SoFi Invest and Vanguard, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Vanguard offers a better experience. With research, Vanguard offers superior market research. Finally, we found SoFi Invest 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, Credit Cards and Mortgage Loans are offered by SoFi Invest while Vanguard offers none of these.

Overall winner: Vanguard

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All pricing data was obtained from a published web site as of 01/10/2022 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

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