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Ally Invest vs SoFi Invest® 2025

StockBrokers.com

Written by StockBrokers.com

February 20, 2025

In this head to head comparison of Ally Invest vs SoFi Invest®, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Ally Invest
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.50
SoFi Invest®
3/5 Stars Overall
  • Minimum Deposit: $5.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00

Range of investments

When comparing Ally Invest and SoFi Invest®, it's worth noting Ally Invest's broader range of investment options, boasting a rating of 4.5 out of 5 stars. Ally Invest offers stock trading, margin trading, OTC stocks, mutual funds, options trading, and various retirement accounts, such as traditional and Roth IRAs, alongside advisor services. SoFi Invest® also provides stock trading, margin trading, fractional shares trading, OTC stocks, mutual funds, options trading, and similar retirement accounts, making it a competitive choice for those seeking flexibility with fractional shares. However, Ally Invest ranks higher at #8 for its Range of Investments according to StockBrokers.com compared to SoFi Invest®'s #14 ranking.

Both Ally Invest and SoFi Invest® allow clients to trade stocks and options, providing similar platforms for traditional and Roth IRAs and offering advisor services. Notably, Ally Invest does not feature fractional shares trading—a service SoFi Invest® does provide. Neither platform supports cryptocurrency, forex, or futures trading at this time, sharing a neutral stance in the competitive crypto market.

Despite their differences, each broker presents a solid array of choices tailored to investors' various needs. While Ally Invest shines with a slightly broader range of services, SoFi Invest® is appealing for those interested in fractional shares. Both platforms equip investors with essential tools for managing their portfolios, though individual preferences will ultimately guide the best choice between the two.

Feature Ally Invest logoAlly Invest
SoFi Invest® logoSoFi Invest®
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info No Yes
OTC Stocks info Yes Yes
Mutual Funds info Yes Yes
Options Trading info Yes Yes
Futures Trading info No No
Crypto Trading info No No info
Crypto Trading - Total Coins info 0 0
Range of Investments 4.5/5 Stars 3.5/5 Stars

Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025

Trading platforms and tools

When considering a trading platform, distinguishing between Ally Invest and SoFi Invest® can be insightful. Both offer browser-based trading platforms without desktop downloadable software for Windows or Mac. However, Ally Invest shines with more robust tools, featuring 120 technical indicators, 36 drawing tools, and the ability to add notes and automated technical analysis to charts. SoFi Invest®, on the other hand, lacks these advanced options, providing no technical indicators or drawing tools.

For those who value comprehensive watch lists, Ally Invest presents a greater advantage by offering ten columns for tracking, compared to SoFi Invest's® more limited three-column arrangement. Ally Invest allows users to add index overlays and save multiple chart profiles, improving the depth and personalization of their charting experience. Though neither platform supports paper trading or adjusting open orders directly on stock charts, Ally Invest's broader range of chart customization options significantly caters to more seasoned traders and investors.

Awards and rankings further accentuate these differences. StockBrokers.com ranks Ally Invest at #10 out of 16 brokers for trading platforms and tools, awarding it a solid three-star rating. In contrast, SoFi Invest® comes in last, rated at #16 with just 1.5 stars. This difference reflects the broader set of trading tools and options offered by Ally Invest, making it a preferable choice for those who are keen on detailed charting and comprehensive trading functionalities.

Feature Ally Invest logoAlly Invest
SoFi Invest® logoSoFi Invest®
Web Trading Platform info Yes Yes
Desktop Trading Platform info No No
Desktop Platform (Mac) info No No
Paper Trading info No No
Watch Lists - Total Fields info 10 3
Charting - Indicators / Studies info 120 0
Charting - Drawing Tools info 36 0
Platforms & Tools 3/5 Stars 1.5/5 Stars

Dive deeper: 7 Best Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025

Featured Offers


5/5 Stars

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Beginners and education

Both Ally Invest and SoFi Invest® provide comprehensive educational resources that cater to beginners in the investing world. Each offers information on stocks, ETFs, options, mutual funds, and bonds, equipping users with foundational knowledge for making informed investment decisions. However, where they differ lies in the availability of interactive learning tools. SoFi Invest® stands out by offering webinars, which can be a valuable asset for those who prefer live instruction and interaction, though neither platform provides paper trading, educational videos, or quizzes to track learning progress.

When evaluating user satisfaction, SoFi Invest® receives a slightly higher rating of 4.5 stars for its educational offerings, compared to Ally Invest's 4 stars. This slight edge is also reflected in their respective rankings by StockBrokers.com, with SoFi Invest® placed at #6, while Ally Invest takes the #8 spot among 16 brokers. These rankings indicate that SoFi may provide a slightly more engaging educational experience for new investors, though both platforms are considered strong choices for learning the investment basics.

Feature Ally Invest logoAlly Invest
SoFi Invest® logoSoFi Invest®
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes Yes
Education (Bonds) info Yes Yes
Paper Trading info No No
Videos info No No
Webinars info No Yes
Education 4/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

When comparing online broker apps, Ally Invest and SoFi Invest® both provide a standard offering for trading stocks through their mobile platforms. Ally Invest tends to pull ahead with specific advantages, such as the availability of mobile options trading and custom watch list creation, which contributes to its slightly higher user rating of 4 stars in contrast to SoFi Invest®'s 3.5 stars. Despite some similarities in features, such as iPhone and Android app availability and viewing multiple time frames for charting, Ally Invest's additional services give it a competitive edge, reflected in its higher ranking and overall appeal for mobile stock traders.

Both Ally Invest and SoFi Invest® provide accessible mobile platforms available on both iOS and Android devices, catering to a broad user base. However, neither platform extends their app offerings to the Apple Watch, and both are limited in advanced functionalities like streaming quotes, live TV, and video on demand. Notably, Ally Invest offers mobile after-hours stock trading, a feature that remains unspecified for SoFi Invest®. While both apps enable viewing multiple time frames for charting, neither supports technical studies or stock comparisons on their charts, presenting similar gaps for users seeking in-depth analytical tools.

While neither broker offers the ability to customize watch list columns nor provide stock alerts, Ally Invest's allowance for creating custom watch lists stands out as a beneficial feature for traders who prefer tailored monitoring of their stock interests. The absence of after-hours charting and the ability to view charts in landscape mode on both platforms reveals an area for potential growth, as traders increasingly seek versatile and informative trading environments. In conclusion, Ally Invest's offerings, though not without limitations, place it slightly ahead of SoFi Invest® in terms of mobile app functionality and user satisfaction.

Feature Ally Invest logoAlly Invest
SoFi Invest® logoSoFi Invest®
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No No
Stock Alerts info No No
Charting - After-Hours info No No
Charting - Technical Studies info 0 0
Mobile Trading Apps 4/5 Stars 3.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

When comparing the account fees and other charges of Ally Invest and SoFi Invest®, there are some notable differences that potential investors should consider. Ally Invest requires no minimum deposit to open an account, while SoFi Invest® requires a modest $5. Both platforms offer commission-free trading for regular stocks, but when it comes to options contracts, Ally Invest charges $0.50 per contract, whereas SoFi Invest® offers this service for free. In terms of margin rates, SoFi Invest® remains more competitive, charging 11.25% for balances under $100,000, whereas Ally Invest’s rates range from 12% to 13% depending on the tier. For those interested in IRAs, neither broker charges an annual fee, though SoFi Invest® has a slightly lower IRA closure fee at $20, compared to Ally Invest's $25.

Ally Invest stands out with lower fees for account transfers, charging $50 for both partial and full automated customer account transfers (ACAT), which is half the fee charged by SoFi Invest® at $100 for both types of transfers. Additionally, options traders might find Ally Invest more appealing, as it charges no fees for both options exercise and assignment, in contrast with SoFi Invest®, which charges $5 for each. Such distinctions can be significant depending on the frequency and type of trading activity expected by the investor.

Ultimately, choosing between Ally Invest and SoFi Invest® requires a thoughtful analysis of one's personal investing needs and priorities. For investors prioritizing low-cost entry and minimal transfer fees, Ally Invest could be the better option, especially for those who plan to engage in frequent options trading. Conversely, for margin traders and individuals looking for zero-cost options contracts, SoFi Invest® might present a more attractive package. Understanding the fee structures of both brokers can help investors align with the platform that best meets their financial strategies and goals.

Feature Ally Invest logoAlly Invest
SoFi Invest® logoSoFi Invest®
Minimum Deposit info $0.00 $5.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.50 $0.00
Options Exercise Fee info $0.00 $5.00
Options Assignment Fee info $0.00 $5.00
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $25.00 $20.00

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

When considering the day trading capabilities of Ally Invest and SoFi Invest®, both platforms reveal similar limitations. Neither Ally Invest nor SoFi Invest® supports streaming time and sales for stocks or offers streaming live TV services. For traders who rely on advanced market data, both platforms fall short by not providing direct market routing or level 2 quotes, which are crucial for understanding market depth. Additionally, features like ladder trading, trading hotkeys for keyboard trade entry, and any form of strategy backtesting—whether basic or advanced—are not available on either platform.

Furthermore, if your trading strategy involves short selling, both Ally Invest and SoFi Invest® lack a short locator tool, which would typically help you see real-time availability of shares to short. They also do not offer order liquidity rebates, a feature that can be important for frequent traders looking to save on trading costs. Overall, while both platforms offer accessible entry points into trading, they may not cater well to those who require more advanced day trading features.

Feature Ally Invest logoAlly Invest
SoFi Invest® logoSoFi Invest®
Streaming Time & Sales info No No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Level 2 Quotes - Stocks info No No
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No

Dive deeper: Best Day Trading Platforms for 2025

Market Research

When choosing an online broker for market research capabilities, Ally Invest clearly outshines SoFi Invest®. Ally Invest not only provides comprehensive research options for stocks, ETFs, mutual funds, pink sheets, OTCBB, and bonds, but it also allows users to see portfolio allocation by asset class and offers innovative features such as stock research using social media sentiment data. While neither offers downloadable PDF research reports, Ally Invest's provision of stock, ETF, and bond screeners for trade ideas grants it a significant edge, earning it a market research rating of 3.5 stars, compared to SoFi Invest®'s 0.5 stars. These differences culminate in Ally Invest's superior ranking of #8 out of 16 brokers, while SoFi Invest® lags at #16.

Ally Invest is tailored for investors who want detailed and diverse research across multiple asset classes without the necessity of downloadable reports. Its tools empower traders with insights from social media sentiment, an innovative feature lacking in SoFi Invest®. Additionally, Ally Invest’s screeners for stocks, ETFs, and bonds make it a versatile choice for investors eager to generate actionable trade ideas. This capability ensures that users have access to a wealth of information that can influence smarter investment decisions.

In contrast, SoFi Invest® offers limited resources for research enthusiasts, providing no research options for stocks, ETFs, mutual funds, pink sheets, OTCBB, or bonds, and lacking any screeners for generating trade ideas. Though it does offer portfolio allocation visibility, it falls short in delivering the depth of market analysis available through Ally Invest. For investors prioritizing comprehensive market research capabilities, Ally Invest emerges as the more favorable choice.

Feature Ally Invest logoAlly Invest
SoFi Invest® logoSoFi Invest®
Research - Stocks info Yes No
Screener - Stocks info Yes No
Research - ETFs info Yes No
Screener - ETFs info Yes No
Research - Mutual Funds info Yes No
Screener - Mutual Funds info No No
Research - Bonds info Yes No
Screener - Bonds info Yes No
Research 3.5/5 Stars 0.5/5 Stars

Banking

When comparing the banking capabilities of Ally Invest and SoFi Invest®, both platforms offer checking and savings accounts, providing a strong foundation for your everyday banking needs. Customers can also enjoy the convenience of debit and credit cards from both service providers. Additionally, each platform extends its banking services to include mortgage loans, which can support major life purchases. However, a key difference lies in their offering of Certificates of Deposit (CDs). Ally Invest gives users the option to invest in CDs, which can be an attractive choice for those looking to lock in fixed interest rates over time. On the other hand, SoFi Invest® does not offer CDs, which may influence your decision if this is a priority for you. Overall, both Ally Invest and SoFi Invest® deliver a comprehensive suite of banking services with a slight variation in investment options.

Feature Ally Invest logoAlly Invest
SoFi Invest® logoSoFi Invest®
Checking Accounts info Yes Yes
Savings Accounts info Yes Yes
Debit Cards info Yes Yes
Credit Cards info Yes Yes
Mortgage Loans info Yes Yes
CDs info Yes No

Dive deeper: Best Bank Accounts for Trading Stocks for 2025

Winner

After opening live accounts and testing 16 of the best online brokers, our research and live account testing finds that Ally Invest is better than SoFi Invest®. Ally Invest finished with an overall score of 80.1%, while SoFi Invest® finished with a score of 64.6%.

For current Ally customers looking to invest in stocks, Ally's universal-accounts experience and easy-to-use website offer a convenient solution. Its website is far stronger than the mobile app.

FAQs

Can you trade cryptocurrency with Ally Invest or SoFi Invest®?

Ally Invest and SoFi Invest® both do not offer crypto trading, providing zero coins for crypto enthusiasts seeking digital asset investments compared to other platforms.

Dive deeper: Best Online Brokers for Crypto Trading in 2025

Does Ally Invest or SoFi Invest® offer IRAs?

Ally Invest and SoFi Invest® both offer traditional and Roth IRA accounts with no annual fees, providing cost-effective retirement savings options, though Ally Invest charges a $25 closure fee while SoFi Invest® charges a slightly lower $20 closure fee for IRA accounts.

Dive deeper: Best IRA Accounts for 2025

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Compare

0 of 5
Overall Rating Ally Invest SoFi Invest®
Overall 4/5 Stars 3/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 3/5 Stars 1.5/5 Stars
Mobile Trading Apps 4/5 Stars 3.5/5 Stars
Research 3.5/5 Stars 0.5/5 Stars
Customer Service 4/5 Stars 4.5/5 Stars
Education 4/5 Stars 4.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Ally Invest Review SoFi Invest® Review
Broker Screenshots Ally Invest SoFi Invest®
Trading Platform & Tools Gallery (click to expand)
Research Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Trading Fees Ally Invest SoFi Invest®
Minimum Deposit info $0.00 $5.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info $4.95 N/A
Mutual Fund Trade Fee info $0.00 $0
Options (Per Contract) info $0.50 $0.00
Futures (Per Contract) info (Not offered) $0.00
Broker Assisted Trade Fee info $20 N/A
Margin Rates Ally Invest SoFi Invest®
Margin Rate Under $25,000 info 13% 11.25%
Margin Rate $25,000 to $49,999.99 info 12.75% 11.25%
Margin Rate $50,000 to $99,999.99 info 12% 11.25%
Margin Rate $100,000 to $249,999.99 info 10.75% 11.25%
Margin Rate $250,000 to $499,999.99 info 9.75% 11.25%
Margin Rate $500,000 to $999,999.99 info 9.25% 11.25%
Margin Rate Above $1,000,000 info 8.5% 11.25%
Account Fees Ally Invest SoFi Invest®
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $25.00 $20.00
Account Transfer Out (Partial) info $50.00 $100.00
Account Transfer Out (Full) info $50.00 $100.00
Options Exercise Fee info $0.00 $5.00
Options Assignment Fee info $0.00 $5.00
Investment Options Ally Invest SoFi Invest®
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info No Yes
OTC Stocks info Yes Yes
Options Trading info Yes Yes
Complex Options Max Legs info 4 0
Futures Trading info No No
Forex Trading info No No
Crypto Trading info No No info
Crypto Trading - Total Coins info 0 0
Mutual Funds (No Load) info 13000 0
Mutual Funds (Total) info 14000 6000
Bonds (US Treasury) info Yes No
Bonds (Corporate) info Yes No
Bonds (Municipal) info Yes No
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info Yes Yes
International Countries (Stocks) info 0 0
Order Types Ally Invest SoFi Invest®
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes
Order Type - Stop info Yes No
Order Type - Trailing Stop info No No
Order Type - OCO info No No
Order Type - OTO info No No
Order Type - Broker Assisted info Yes No
Beginners Ally Invest SoFi Invest®
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes Yes
Education (Bonds) info Yes Yes
Education (Retirement) info Yes Yes
Retirement Calculator info No No
Investor Dictionary info Yes Yes
Paper Trading info No No
Videos info No No
Webinars info No Yes
Webinars (Archived) info Yes Yes
Progress Tracking info No No
Interactive Learning - Quizzes info No No
Stock Trading Apps Ally Invest SoFi Invest®
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No No
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes Yes
Trading - Simple Options info Yes No
Trading - Complex Options info Yes No
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info No No
Stock App Features Ally Invest SoFi Invest®
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No No
Videos on Demand info No No
Stock Alerts info No No
Option Chains Viewable info Yes No
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info No No
Watch Lists - Create & Manage info Yes No
Watch Lists - Column Customization info No No
Stock App Charting Ally Invest SoFi Invest®
Charting - After-Hours info No No
Charting - Can Turn Horizontally info No No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 0 0
Charting - Study Customizations info No No
Charting - Stock Comparisons info No No
Trading Platforms Ally Invest SoFi Invest®
Active Trading Platform info N/A N/A
Desktop Trading Platform info No No
Desktop Platform (Mac) info No No
Web Trading Platform info Yes Yes
Paper Trading info No No
Trade Journal info No No
Watch Lists - Total Fields info 10 3
Stock Chart Features Ally Invest SoFi Invest®
Charting - Adjust Trades on Chart info No No
Charting - Indicators / Studies info 120 0
Charting - Drawing Tools info 36 0
Charting - Notes info Yes No
Charting - Index Overlays info Yes No
Charting - Historical Trades info No No
Charting - Corporate Events info No No
Charting - Custom Date Range info No No
Charting - Custom Time Bars info No No
Charting - Automated Analysis info Yes No
Charting - Save Profiles info Yes No
Trade Ideas - Technical Analysis info Yes No
Charting - Study Customizations info 8 0
Charting - Custom Studies info No No
Day Trading Ally Invest SoFi Invest®
Streaming Time & Sales info No No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Ladder Trading info No No
Trade Hotkeys info No No
Level 2 Quotes - Stocks info No No
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No
Order Liquidity Rebates info No No
Research Overview Ally Invest SoFi Invest®
Research - Stocks info Yes No
Research - ETFs info Yes No
Research - Mutual Funds info Yes No
Research - Pink Sheets / OTCBB info Yes No
Research - Bonds info Yes No
Screener - Stocks info Yes No
Screener - ETFs info Yes No
Screener - Mutual Funds info No No
Screener - Bonds info Yes No
Misc - Portfolio Allocation info Yes Yes
Stock Research Ally Invest SoFi Invest®
Stock Research - PDF Reports info 0 0
Stock Research - Earnings info No No
Stock Research - Insiders info Yes No
Stock Research - Social info Yes No
Stock Research - News info Yes Yes
Stock Research - ESG info No No
Stock Research - SEC Filings info No No
ETF Research Ally Invest SoFi Invest®
ETFs - Strategy Overview info Yes Yes
ETF Fund Facts - Inception Date info No No
ETF Fund Facts - Expense Ratio info Yes Yes
ETF Fund Facts - Net Assets info Yes No
ETF Fund Facts - Total Holdings info No No
ETFs - Top 10 Holdings info Yes Yes
ETFs - Sector Exposure info No No
ETFs - Risk Analysis info No No
ETFs - Ratings info Yes No
ETFs - Morningstar StyleMap info No No
ETFs - PDF Reports info No No
Mutual Fund Research Ally Invest SoFi Invest®
Mutual Funds - Strategy Overview info Yes No
Mutual Funds - Performance Chart info Yes No
Mutual Funds - Performance Analysis info No No
Mutual Funds - Prospectus info No No
Mutual Funds - 3rd Party Ratings info Yes No
Mutual Funds - Fees Breakdown info No No
Mutual Funds - Top 10 Holdings info Yes No
Mutual Funds - Asset Allocation info No No
Mutual Funds - Sector Allocation info Yes No
Mutual Funds - Country Allocation info No No
Mutual Funds - StyleMap info No No
Options Trading Ally Invest SoFi Invest®
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes No
Option Chains - Streaming info Yes No
Option Chains - Total Columns info 8 0
Option Chains - Greeks info 5 0
Option Chains - Quick Analysis info Yes No
Option Analysis - P&L Charts info No No
Option Probability Analysis info Yes No
Option Probability Analysis Adv info No No
Option Positions - Greeks info Yes No
Option Positions - Greeks Streaming info No No
Option Positions - Adv Analysis info No No
Option Positions - Rolling info No No
Option Positions - Grouping info Yes No
Banking Ally Invest SoFi Invest®
Bank (Member FDIC) info Yes Yes
Checking Accounts info Yes Yes
Savings Accounts info Yes Yes
Credit Cards info Yes Yes
Debit Cards info Yes Yes
Mortgage Loans info Yes Yes
Customer Service Ally Invest SoFi Invest®
Phone Support (Prospect Customers) info Yes Yes
Phone Support (Current Customers) info Yes Yes
Email Support info Yes No
Live Chat (Prospect Customers) info No Yes
Live Chat (Current Customers) info Yes Yes
24/7 Support info Yes No
Overall Ally Invest SoFi Invest®
Overall 4/5 Stars 3/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 3/5 Stars 1.5/5 Stars
Mobile Trading Apps 4/5 Stars 3.5/5 Stars
Research 3.5/5 Stars 0.5/5 Stars
Education 4/5 Stars 4.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Ally Invest Review SoFi Invest® Review
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