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Webull vs Sofi Invest 2023

StockBrokers.com

Written by StockBrokers.com

January 23, 2023

Is Webull better than Sofi Invest? After testing 17 of the best online brokers over three months, Webull (85.09%) is better than Sofi Invest (67.99%). 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.

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Overall RatingWebullSofi Invest
Overall 4.5/5 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 4.5/5 Stars 3/5 Stars
Research 3/5 Stars 2/5 Stars
Customer Service 3.0/5 Stars 4/5 Stars
Education 3.5/5 Stars 4.5/5 Stars
Ease Of Use 4.5/5 Stars 3.5/5 Stars
Winner check_circle
Review Webull Review Sofi Invest Review
Trading FeesWebullSofi Invest
Minimum Deposit $0.00 $5.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTCCB) 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 RatesWebullSofi Invest
Margin Rate Under $25,000 9.49% 7.00%
Margin Rate $25,000 to $49,999.99 8.99% 7.00%
Margin Rate $50,000 to $99,999.99 8.99% 7.00%
Margin Rate $100,000 to $249,999.99 8.49% 7.00%
Margin Rate $250,000 to $499,999.99 7.99% 7.00%
Margin Rate $500,000 to $999,999.99 6.99% 7.00%
Margin Rate Above $1,000,000 6.49% 7.00%
Account FeesWebullSofi Invest
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $20.00
Account Transfer Out (Partial) $75.00 $75.00
Account Transfer Out (Full) $75.00 $75.00
Options Exercise Fee $0.00 $5.00
Options Assignment Fee $0.00 $5.00
Investment OptionsWebullSofi Invest
Stock Trading Yes Yes
Margin Trading Yes Yes
Fractional Shares Yes Yes
OTCBB / Pink Sheets 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 44 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 TypesWebullSofi 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 Yes No
Order Type - OTO Yes No
Order Type - Broker Assisted No No
BeginnersWebullSofi 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 Yes No
Videos No No
Webinars No Yes
Webinars (Archived) No Yes
Progress Tracking Yes No
Interactive Learning - Quizzes Yes No
Stock Trading AppsWebullSofi 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 FeaturesWebullSofi 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) Yes No
Watch Lists - Create & Manage Yes No
Watch Lists - Column Customization No No
Watch Lists - Total Fields 35 3
Stock App ChartingWebullSofi Invest
Charting - After-Hours Yes No
Charting - Can Turn Horizontally Yes No
Charting - Multiple Time Frames Yes Yes
Charting - Technical Studies 56 0
Charting - Study Customizations Yes No
Charting - Stock Comparisons Yes No
Trading PlatformsWebullSofi Invest
Active Trading Platform N/A N/A
Desktop Trading Platform Yes No
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Paper Trading Yes No
Trade Journal No No
Watch Lists - Total Fields 35 3
Stock Chart FeaturesWebullSofi Invest
Charting - Adjust Trades on Chart Yes No
Charting - Indicators / Studies 52 0
Charting - Drawing Tools 19 0
Charting - Notes Yes No
Charting - Index Overlays Yes No
Charting - Historical Trades Yes No
Charting - Corporate Events Yes No
Charting - Custom Date Range No No
Charting - Custom Time Bars No No
Charting - Automated Analysis Yes No
Charting - Save Profiles Yes No
Trade Ideas - Technical Analysis No No
Charting - Study Customizations 2 0
Charting - Custom Studies Yes No
Day TradingWebullSofi Invest
Streaming Time & Sales Yes No
Streaming TV No No
Direct Market Routing - Stocks No No
Ladder Trading Yes No
Trade Hot Keys Yes No
Level 2 Quotes - Stocks Yes No
Trade Ideas - Backtesting No No
Trade Ideas - Backtesting Adv No No
Short Locator No No
Order Liquidity Rebates No No
Research OverviewWebullSofi 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 Yes No
Screener - ETFs No No
Screener - Mutual Funds No No
Screener - Bonds No No
Misc - Portfolio Allocation No Yes
Stock ResearchWebullSofi Invest
Stock Research - PDF Reports 0 0
Stock Research - Earnings Yes No
Stock Research - Insiders Yes No
Stock Research - Social Yes No
Stock Research - News Yes Yes
Stock Research - ESG No No
Stock Research - SEC Filings Yes No
ETF ResearchWebullSofi 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 Yes No
ETF Fund Facts - Total Holdings Yes No
ETFs - Top 10 Holdings No Yes
ETFs - Sector Exposure Yes No
ETFs - Risk Analysis No No
ETFs - Ratings Yes No
ETFs - Morningstar StyleMap No No
ETFs - PDF Reports No No
Mutual Fund ResearchWebullSofi 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 Yes 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 TradingWebullSofi Invest
Option Chains - Basic View Yes Yes
Option Chains - Strategy View Yes No
Option Chains - Streaming No No
Option Chains - Total Columns 23 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 No No
Option Positions - Adv Analysis No No
Option Positions - Rolling No No
Option Positions - Grouping No No
BankingWebullSofi 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 ServiceWebullSofi 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 Yes No
OverallWebullSofi Invest
Overall 4.5/5 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 4.5/5 Stars 3/5 Stars
Research 3/5 Stars 2/5 Stars
Education 3.5/5 Stars 4.5/5 Stars
Ease Of Use 4.5/5 Stars 3.5/5 Stars
Winner check_circle
Review Webull Review Sofi Invest Review
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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.

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 OTCBB / Pink Sheets, 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

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