Webull 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 Webull vs Sofi Invest.
Is Webull or Sofi Invest better for beginners?
Sofi Invest offers more comprehensive new investor education for beginner investors than Webull. Webull offers investors access to Paper Trading, 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 Videos. See our guide to Best Paper Trading Platforms for more.
What about Webull vs Sofi Invest pricing?
Webull and Sofi Invest charge the same amount for regular stock trades, $0.00. Webull 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 Webull or Sofi Invest offer a wider range of investment options?
Both Webull 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, Webull and Sofi Invest both provide customers access to 0 no transaction fee (NTF) mutual funds.
Which trading platform is better: Webull or Sofi Invest?
To compare the trading platforms of Webull and Sofi Invest, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Webull offers a better experience. With research, Webull offers superior market research. Finally, we found Webull 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 Webull while Sofi Invest offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.
Is Webull good?
Webull is an excellent choice for beginning and intermediate traders. The user experience is outstanding, and Webull has better charts than its natural competitor, Robinhood. Options contracts are commission-free, but crypto markups and markdowns are on the high side. Experienced investors may eventually miss the features, research, and investment choices available at leading brokers.
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.
Webull vs Sofi Invest Winner
Overall winner: Webull
Explore our other online trading guides: