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Ally Invest vs SoFi Invest® 2025

StockBrokers.com

Written by StockBrokers.com

March 11, 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: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00

Range of investments

When evaluating online investment platforms, Ally Invest and SoFi Invest® both offer a variety of options, but they cater to slightly different types of investors. Ally Invest stands out for its diverse range of traditional investment vehicles like stock, mutual funds, and options trading. On the other hand, SoFi Invest® shines with modern features such as fractional shares trading, which can appeal to new investors with less capital to start. While both platforms don't support forex, futures, or crypto trading, they do offer comprehensive retirement account options like Traditional and Roth IRAs, as well as access to advisor services.

Ally Invest offers stock trading, margin trading, options trading, mutual funds, and access to OTC stocks, giving it a high rating of 4.5 stars for its range of investments. This variety places it at number eight out of fifteen brokers in terms of investment range, according to StockBrokers.com. Though it doesn't feature fractional shares, it provides an extensive suite of investment tools ideal for those who desire a more traditional approach to trading.

SoFi Invest®, meanwhile, provides an innovative approach with features such as fractional shares trading, in addition to offering stocks, margin trading, mutual funds, options trading, and OTC stocks. However, in comparison, it has a slightly lower rating of 3.5 stars for its investment range and is ranked thirteenth by StockBrokers.com. While its offerings might be less extensive, SoFi Invest® aligns well with modern investors seeking accessible entry points and cutting-edge investment features. Both platforms offer a robust selection, but your choice may ultimately depend on whether you prioritize traditional investment breadth or modern, beginner-friendly options.

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 comparing Ally Invest and SoFi Invest® for their trading platforms and tools, it becomes evident that Ally Invest offers a more comprehensive suite of features for investors. Rated at 3 out of 5 stars for its trading platforms, Ally Invest ranks 10th among 15 brokers according to StockBrokers.com. Meanwhile, SoFi Invest® lags behind with a 1.5-star rating and a 15th rank. The differences in their toolsets are notable and make Ally Invest the more appealing choice for traders looking for diverse charting capabilities and customization options.

Neither Ally Invest nor SoFi Invest® provides downloadable trading platforms for Windows or Mac users, relying on browser-based platforms instead. Both brokers lack paper trading and trading journal features, making them less ideal for those keen on practicing trades without financial risk. Watch lists vary significantly, with Ally Invest offering 10 columns while SoFi Invest® offers just 3. This disparity signifies a more versatile approach from Ally Invest when it comes to monitoring potential trades.

Charting tools further distinguish the two brokers, as Ally Invest boasts 120 technical indicators and 36 drawing tools, in stark contrast to SoFi Invest® which offers none. Ally Invest enables investors to add notes and index overlays to charts, deliver automated technical analysis, and save multiple chart profiles—features absent in SoFi Invest®. The ability to customize SMA studies with 8 fields adds to Ally Invest's appeal, leaving SoFi Invest® with less room for personalization in technical analysis. Overall, for investors focused on enhanced technical capabilities, Ally Invest provides a richer experience.

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: Best Online Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025

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Beginners and education

When it comes to investor education, both Ally Invest and SoFi Invest® provide foundational knowledge in stocks, ETFs, options, mutual funds, and bonds. While neither platform offers paper trading or educational videos, SoFi Invest® distinguishes itself with the added feature of webinars to bolster learning. Despite lacking educational quizzes and progress tracking, both brokers ensure fundamental learning resources are accessible to users.

Evaluating their overall educational offerings, Ally Invest earns a commendable four-star rating, whereas SoFi Invest® achieves a slightly higher rating of 4.5 stars. According to StockBrokers.com, Ally Invest is ranked 8th for education among 15 brokers, while SoFi Invest® holds the 6th spot. This indicates a slight edge for SoFi Invest® in supporting beginner investors with educational resources.

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 it comes to stock trading apps, Ally Invest has a slight edge over SoFi Invest® based on user ratings and additional trading features. Both apps are available for iPhone and Android users, ensuring accessibility across popular mobile platforms. Ally Invest is rated four stars for its stock trading app, while SoFi Invest® holds a slightly lower rating of 3.5 stars. This reflects a slight preference for the features and user experience offered by Ally Invest among users. Ally Invest ranks higher than SoFi Invest® in rankings by StockBrokers.com, coming in at #13, compared to SoFi Invest®'s #15 ranking out of 15 brokers.

Ally Invest and SoFi Invest® both offer basic stock trading functionalities, but there are distinct differences in their mobile features. For mobile trading enthusiasts, Ally Invest supports after-hours stock trading on its app, providing extended opportunities to engage with the market, while SoFi Invest® lacks this capability. Additionally, Ally Invest allows users to trade options on their mobile app—an option not available with SoFi Invest®. However, neither platform provides streaming quotes, live TV, video on demand, or stock alerts, keeping the focus on fundamental trading actions.

In terms of customization and charting, Ally Invest enables users to create custom watch lists, whereas SoFi Invest® does not support this feature. Both apps allow for viewing multiple time frames in their mobile app's charting capabilities, but neither offers technical studies, stock comparisons on charts, or landscape mode viewing. This positions both brokerage apps more towards traders looking for straightforward features without an emphasis on advanced technical analysis. While Ally Invest offers a few more options, the core functionalities remain similar between the two platforms.

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 deciding between Ally Invest and SoFi Invest®, it ultimately depends on your specific trading needs and priorities. Both brokers offer zero minimum deposit requirements and free regular stock trades, making them accessible choices for beginners. However, Ally Invest charges a $0.50 fee per options contract, while SoFi Invest® offers options trading at no additional cost. Regarding margin rates, SoFi Invest® boasts a slightly lower rate of 11.25% across various balance tiers compared to Ally Invest, which ranges from 12% to 13%. Both platforms waive IRA annual fees, yet SoFi Invest® has a modestly lower IRA closure fee, at $20 compared to Ally Invest's $25. Ultimately, the right choice will depend on the specific features you value in terms of fees and charges.

Looking deeper into account transfers, Ally Invest charges a uniform $50 fee for both partial and full Account Transfers (ACAT), whereas SoFi Invest® sets its fee at a higher $100. This makes Ally Invest more appealing for those considering account transfers. Furthermore, Ally Invest doesn't charge for options exercise or assignment fees, yet SoFi Invest® imposes a $5 charge for each. Customers focused on minimizing trading-related fees might find Ally Invest’s structure favorable.

Both platforms provide solid options for those looking to trade stocks, with easy entry through zero minimum deposits. However, traders who frequently engage in options trading or anticipate account transfers or closures may find a more cost-effective solution in Ally Invest due to its lower charges across these services. Meanwhile, those who prioritize free options trading might prefer SoFi Invest®. Overall, it's crucial to assess which fee structure aligns best with your trading habits.

Feature Ally Invest logoAlly Invest
SoFi Invest® logoSoFi Invest®
Minimum Deposit info $0.00 $0.00
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 it comes to market research capabilities, Ally Invest emerges as the clear frontrunner over SoFi Invest®. With offerings like stock, ETF, mutual fund, Pink Sheets/OTCBB, and bond research, Ally Invest provides a comprehensive suite to empower investors. It also boasts features like a stock screener for trade ideas and social media sentiment analysis, enhancing decision-making for users. On the other hand, SoFi Invest® falls short across this range, offering no significant research tools beyond portfolio allocation views.

Ally Invest further supports its users with the ability to analyze portfolio allocation by asset class and provides various screeners for stocks, ETFs, and bonds. Despite lacking downloadable PDF research reports and ESG research, its feature-rich environment gives it a 3.5-star rating for market research. SoFi Invest®, meanwhile, doesn't offer downloadable reports or social media sentiment analysis, resulting in a lower market research rating of just 0.5 stars.

Ranked #8 by StockBrokers.com out of 15 brokers for market research, Ally Invest's offerings significantly surpass those of SoFi Invest®, which holds the last place at #15. These distinctions emphasize Ally Invest's commitment to providing investors with detailed research options, distinguishing it as the preferred choice for those seeking extensive market insights. Whether you are new to investing or an experienced trader, Ally Invest provides tools and resources that can help navigate the complexities of the stock market more effectively.

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 15 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 $0.00
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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