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SoFi Invest vs Citi Self Invest 2024

StockBrokers.com

Written by StockBrokers.com

October 30, 2024

In this head to head comparison of SoFi Invest vs Citi Self Invest, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.

SoFi Invest
3.5/5 Stars Overall
  • Minimum Deposit: $5.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00
Citi Self Invest
3.5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): N/A

Investment options

When evaluating the investment account options between SoFi Invest and Citi Self Invest, SoFi Invest emerges as the more versatile platform, offering a broader range of services. With capabilities like margin trading, fractional shares, and options trading, SoFi Invest provides investors with increased flexibility in managing their portfolios, garnering it a rating of 3 out of 5 stars for investment options by StockBrokers.com. Ranked 16th out of 18 brokers, SoFi Invest surpasses Citi Self Invest, which is positioned at 18th and rated 2.5 stars, largely due to its limited offerings, such as the absence of margin, fractional, and options trading.

Both platforms do provide traditional and Roth IRA accounts, making them suitable for long-term retirement planning. However, SoFi Invest extends its services by supporting OTC stocks and offering advisor services, features absent from Citi Self Invest. Those seeking a comprehensive trading experience may find SoFi’s variety appealing, particularly with the additional benefit of advisor support, which is not available through Citi.

For those investors interested in mutual funds, both platforms offer trading in this area, yet neither extends into forex, futures, or cryptocurrency trading, aligning them more with traditional investment avenues. In the context of enhancing one's investment strategy with stock trading, SoFi Invest offers an edge with its inclusion of margin and options trading, setting it apart as a potentially more robust choice for investors looking for a range of options without venturing into more speculative territories like crypto.

Feature SoFi Invest logoSoFi Invest
Citi Self Invest logoCiti Self Invest
Stock Trading info Yes Yes
Margin Trading Yes No
Fractional Shares info Yes No
OTC Stocks info Yes No
Mutual Funds info Yes Yes
Options Trading info Yes No
Futures Trading info No No
Crypto Trading info No info No
Crypto Trading - Total Coins info 0 0
Investment Options 3/5 Stars 2.5/5 Stars

Dive deeper: Best Options Trading Platforms & Brokers, 5 Best Futures Trading Platforms of 2024

Trading platforms and tools

When comparing SoFi Invest and Citi Self Invest, both platforms exhibit similarities that ultimately lead to moderate ratings of 2.5 stars each for their trading platforms and tools. SoFi Invest ranks slightly higher at #15, compared to Citi Self Invest's #16, according to StockBrokers.com. Both platforms do not offer downloadable trading options for Windows or Mac, but they do support browser-based access. Despite this, neither platform includes significant trading aids such as paper trading, trading journals, or advanced charting features, which might limit the appeal for advanced traders.

In terms of watch list functionality, SoFi Invest provides a marginal edge over Citi Self Invest by offering three fields or columns, whereas Citi Self Invest offers none. However, both platforms lack the capability to adjust open orders directly on a stock chart, and neither provides tools for technical charting enhancements, such as technical indicators or drawing tools. Furthermore, neither platform permits customization or annotations on charts, such as adding notes, index overlays, or historical trade data, which could enhance analysis for users.

The lack of advanced charting features is highlighted by the absence of technical indicators and the ability to automate technical analysis. Both SoFi Invest and Citi Self Invest do not support saving multiple chart profiles or creating custom studies, which could limit a trader's ability to personalize their trading experience. Although these limitations might not affect beginner investors, advanced traders might find the lack of depth in trading tools on both platforms a drawback. As such, choosing between these two might depend more on other aspects like fees and investment offerings rather than platform capabilities alone.

Feature SoFi Invest logoSoFi Invest
Citi Self Invest logoCiti Self 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 3 0
Charting - Indicators / Studies info 0 0
Charting - Drawing Tools info 0 0
Platforms & Tools 2.5/5 Stars 2.5/5 Stars

Dive deeper: Best Stock Brokers for 2024, Best Paper Trading Platforms of 2024

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Beginners and education

When it comes to beginner and investor education, SoFi Invest strongly outshines Citi Self Invest. SoFi Invest provides comprehensive educational resources across a variety of investment products, including stocks, ETFs, options, mutual funds, and bonds, making it a solid choice for those new to investing. Additionally, SoFi Invest offers webinars to enhance learning, earning it a commendable 4.5-star rating for education. Ranked #7 out of 18 brokers by StockBrokers.com, SoFi Invest stands out as a reliable platform for investors seeking to expand their knowledge.

On the other hand, Citi Self Invest lacks the breadth of educational offerings that SoFi Invest provides, particularly in stocks, ETFs, options, mutual funds, and bonds. While it does provide educational quizzes and the ability to track learning progress, it does not offer webinars or educational videos. With a modest 1.5-star rating for education and a ranking of #18 by StockBrokers.com, Citi Self Invest may not be the best choice for those prioritizing investor education and support in their investment journey.

Feature SoFi Invest logoSoFi Invest
Citi Self Invest logoCiti Self Invest
Education (Stocks) info Yes No
Education (ETFs) info Yes No
Education (Options) info Yes No
Education (Mutual Funds) info Yes No
Education (Bonds) info Yes No
Paper Trading info No No
Videos info No No
Webinars info Yes No
Education 4.5/5 Stars 1.5/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2024

Stock trading apps

When considering stock trading app capabilities, both SoFi Invest and Citi Self Invest provide a user-friendly experience on iPhone and Android platforms. Despite the availability of after-hours trading for SoFi Invest users, both apps fall short in features like streaming quotes, live TV, and stock alerts. With neither offering advanced charting features, each excels in offering basic charting with multiple time frames, though neither supports technical studies or stock comparisons. Ultimately, SoFi Invest marginally outperforms Citi Self Invest with a slightly better ranking, placing 16th among 18 brokers compared to Citi’s 17th position, albeit both receiving three-star ratings.

SoFi Invest and Citi Self Invest are on par in offering mobile access via widely used operating systems like iOS and Android, yet neither supports an Apple Watch application. While the absence of mobile options trading is notable, users of SoFi Invest benefit from after-hours stock trading capability—a feature Citi Self Invest appears to lack full functionality. Although SoFi does not provide a method to create or customize watch lists, Citi offers a solution with custom watch list capabilities. However, both brokers don't offer any option to customize watch list columns.

Charting capabilities in both apps are quite basic, allowing users to view multiple time frames but not providing advanced features like after-hours charting, landscape mode viewing, or technical studies. Neither app offers streaming live TV or videos on demand, reflecting a focus more on straightforward access to stock trading rather than providing additional financial news and analysis content—overall providing a similar, yet simplistic, trading experience through their respective platforms.

Feature SoFi Invest logoSoFi Invest
Citi Self Invest logoCiti Self 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 3/5 Stars 3/5 Stars

Dive deeper: Best Stock Trading Apps of 2024

Fees

When comparing SoFi Invest to Citi Self Invest in terms of account fees and charges, both platforms offer attractive setups for investors, yet they have distinct differences. SoFi Invest requires a $5 minimum deposit, while Citi Self Invest has no minimum deposit requirement, providing more flexibility for entry-level investors. Both platforms shine by offering $0 fees for regular stock trades. However, SoFi Invest further appeals to options traders with no fees per options contract, supported by reasonable fees for options exercise and assignment at $5 each, whereas Citi Self Invest does not offer options trading features.

Exploring account-related fees, both SoFi Invest and Citi Self Invest charge no annual fees for IRA accounts, but disparities emerge with closure costs. SoFi Invest charges a $20 IRA closure fee compared to Citi Self Invest’s higher fee of $95. For account transfers using ACAT, SoFi Invest charges a uniform $100, while Citi Self Invest’s fees are slightly lower at $95 for both partial and full transfers. For margin trading, SoFi Invest provides options starting with a 9.5% rate for balances under $25,000, whereas Citi Self Invest does not offer margin services, possibly limiting the platform's appeal for users interested in leveraged trading.

For those keen on options and margin trading, SoFi Invest presents enticing benefits with no fees for options contracts and accessible margin trading. In contrast, Citi Self Invest might attract investors seeking a straightforward approach with zero minimum deposit requirements and competitive account transfer fees. Choosing between these brokers ultimately hinges on the investor's preferences, whether they prioritize diverse trading options and an active trading strategy or value straightforward investments with minimal initial financial commitment.

Feature SoFi Invest logoSoFi Invest
Citi Self Invest logoCiti Self Invest
Minimum Deposit $5.00 $0.00
Stock Trades $0.00 $0.00
Options (Per Contract) $0.00 N/A
Options Exercise Fee $5.00 N/A
Options Assignment Fee $5.00 N/A
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $20.00 $95.00
Commissions & Fees 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Brokers for Free Stock Trading of 2024

Day Trading

When comparing the day trading capabilities of SoFi Invest and Citi Self Invest, it's clear that both platforms offer relatively limited features for active traders. SoFi Invest does not provide streaming time and sales data, streaming live TV, or direct market routing for stocks. Similarly, Citi Self Invest also lacks these features, which are essential for traders who rely on real-time data and advanced trading options to make informed decisions. Additionally, neither platform offers ladder trading, trading hotkeys for efficient keyboard trade entry, or level 2 quotes, further indicating their focus is not on catering to day traders.

Moreover, both SoFi Invest and Citi Self Invest fall short in providing tools for strategy development and risk assessment. Neither broker offers basic or advanced strategy backtesting, which is crucial for testing potential trading strategies before execution. They also lack a short locator tool for real-time availability of shares to short, a feature important for traders looking to capitalize on declining stock prices. Lastly, neither SoFi Invest nor Citi Self Invest offers order liquidity rebates for maker/taker trades, potentially affecting the cost efficiency of high-frequency trading activities.

Feature SoFi Invest logoSoFi Invest
Citi Self Invest logoCiti Self 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 of 2024

Market Research

When it comes to market research capabilities, Citi Self Invest holds a slight edge over SoFi Invest. Both platforms, however, leave much to be desired in terms of comprehensive research offerings. With SoFi Invest ranked #18 by StockBrokers.com and awarded a 2-star rating, it falls behind Citi Self Invest, which boasts a 2.5-star rating and ranks #15 among 18 brokers. Both brokers provide basic portfolio allocation tools but lack many advanced research features, reflecting their overall below-average market research scores.

Diving deeper into their offerings, Citi Self Invest provides stock research and Pink Sheets/OTCBB research, areas in which SoFi Invest shows no coverage. However, neither broker excels in mutual funds or bonds research and both lack downloadable PDF research reports and insightful stock or ETF screeners for trade ideas. Despite Citi Self Invest's slight advantage with its broader range, including some essential stock and ETF research capabilities, the absence of advanced tools and resources hinders both brokers in delivering comprehensive market analysis.

When considering tools like ESG research, social media sentiment analysis, and robust PDF reporting, neither SoFi Invest nor Citi Self Invest delivers substantial solutions. Instead, they offer only the ability to view portfolio allocation by asset class, providing some insight but not enough to cater to more advanced, data-driven investors. Ultimately, while Citi Self Invest has a few more offerings in its arsenal, both platforms could significantly enhance their appeal by expanding and improving their market research capabilities.

Feature SoFi Invest logoSoFi Invest
Citi Self Invest logoCiti Self Invest
Research - Stocks info No Yes
Screener - Stocks info No No
Research - ETFs info No Yes
Screener - ETFs info No No
Research - Mutual Funds info No No
Screener - Mutual Funds info No No
Research - Bonds info No No
Screener - Bonds info No No
Research 2/5 Stars 2.5/5 Stars

Banking

When comparing the banking features of online brokers SoFi Invest and Citi Self Invest, both offer robust options for managing your finances. Both SoFi Invest and Citi Self Invest provide checking accounts, savings accounts, and debit cards, making it easy for users to manage daily transactions and savings securely. Additionally, each platform also offers credit cards and mortgage loans, enhancing the array of financial services accessible to their users. However, when it comes to Certificate of Deposits (CDs), neither SoFi Invest nor Citi Self Invest currently provides this option, potentially limiting choices for those looking to diversify their saving strategies through CDs. Overall, SoFi Invest and Citi Self Invest provide competitive banking services suitable for a variety of financial needs, despite their shared lack of CDs.

Feature SoFi Invest logoSoFi Invest
Citi Self Invest logoCiti Self 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 No No

Dive deeper: Best Bank Brokerages of 2024

Winner

After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that SoFi Invest is better than Citi Self Invest. SoFi Invest finished with an overall score of 73.7%, while Citi Self Invest finished with a score of 70.6%.

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.

FAQs

Can you trade cryptocurrency with SoFi Invest or Citi Self Invest?

When comparing online brokers SoFi Invest and Citi Self Invest for cryptocurrency trading, both platforms do not offer crypto trading services and provide zero coins for trading.

Dive deeper: Best Crypto Trading Platforms of 2024

Does SoFi Invest or Citi Self Invest offer IRAs?

Both SoFi Invest and Citi Self Invest offer traditional and Roth IRA accounts without any annual fees. However, if you decide to close your IRA account, SoFi Invest charges a closure fee of $20.00, whereas Citi Self Invest imposes a higher closure fee of $95.00.

Dive deeper: Best IRA Accounts of 2024

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Compare

0 of 5
Overall Rating SoFi Invest Citi Self Invest
Overall 3.5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 3/5 Stars 2.5/5 Stars
Platforms & Tools 2.5/5 Stars 2.5/5 Stars
Mobile Trading Apps 3/5 Stars 3/5 Stars
Research 2/5 Stars 2.5/5 Stars
Customer Service 4/5 Stars N/A
Education 4.5/5 Stars 1.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review SoFi Invest Review Citi Self Invest Review
Broker Screenshots SoFi Invest Citi Self 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 SoFi Invest Citi Self Invest
Minimum Deposit $5.00 $0.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) info N/A N/A info
Mutual Fund Trade Fee $0 0
Options (Per Contract) $0.00 N/A
Futures (Per Contract) $0.00 (Not offered)
Broker Assisted Trade Fee N/A n/a
Margin Rates SoFi Invest Citi Self Invest
Margin Rate Under $25,000 9.5% Not offered
Margin Rate $25,000 to $49,999.99 9.5% Not offered
Margin Rate $50,000 to $99,999.99 9.5% Not offered
Margin Rate $100,000 to $249,999.99 9.5% Not offered
Margin Rate $250,000 to $499,999.99 9.5% Not offered
Margin Rate $500,000 to $999,999.99 9.5% Not offered
Margin Rate Above $1,000,000 9.5% Not offered
Account Fees SoFi Invest Citi Self Invest
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $20.00 $95.00
Account Transfer Out (Partial) info $100.00 $95.00
Account Transfer Out (Full) info $100.00 $95.00
Options Exercise Fee $5.00 N/A
Options Assignment Fee $5.00 N/A
Investment Options SoFi Invest Citi Self Invest
Stock Trading info Yes Yes
Margin Trading Yes No
Fractional Shares info Yes No
OTC Stocks info Yes No
Options Trading info Yes No
Complex Options Max Legs info 0
Futures Trading info No No
Forex Trading info No No
Crypto Trading info No info No
Crypto Trading - Total Coins info 0 0
Mutual Funds (No Load) info 0 820
Mutual Funds (Total) info 6000 820
Bonds (US Treasury) info No No
Bonds (Corporate) info No No
Bonds (Municipal) info No No
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info Yes No
International Countries (Stocks) info 0 0
Order Types SoFi Invest Citi Self Invest
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes No
Order Type - Stop info No Yes
Order Type - Trailing Stop info No No
Order Type - OCO info No No
Order Type - OTO info No No
Order Type - Broker Assisted info No No
Beginners SoFi Invest Citi Self Invest
Education (Stocks) info Yes No
Education (ETFs) info Yes No
Education (Options) info Yes No
Education (Mutual Funds) info Yes No
Education (Bonds) info Yes No
Education (Retirement) info Yes No
Retirement Calculator info No No
Investor Dictionary info Yes No
Paper Trading info No No
Videos info No No
Webinars info Yes No
Webinars (Archived) info Yes No
Progress Tracking info No Yes
Interactive Learning - Quizzes info No Yes
Stock Trading Apps SoFi Invest Citi Self 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 No
Trading - Simple Options info No No
Trading - Complex Options info No No
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info No No
Stock App Features SoFi Invest Citi Self 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 No No
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info No No
Watch Lists - Create & Manage info No Yes
Watch Lists - Column Customization info No No
Stock App Charting SoFi Invest Citi Self 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 SoFi Invest Citi Self 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 3 0
Stock Chart Features SoFi Invest Citi Self Invest
Charting - Adjust Trades on Chart info No No
Charting - Indicators / Studies info 0 0
Charting - Drawing Tools info 0 0
Charting - Notes info No No
Charting - Index Overlays info No 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 No No
Charting - Save Profiles info No No
Trade Ideas - Technical Analysis info No No
Charting - Study Customizations info 0 0
Charting - Custom Studies info No No
Day Trading SoFi Invest Citi Self 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 SoFi Invest Citi Self Invest
Research - Stocks info No Yes
Research - ETFs info No Yes
Research - Mutual Funds info No No
Research - Pink Sheets / OTCBB info No Yes
Research - Bonds info No No
Screener - Stocks info No No
Screener - ETFs info No No
Screener - Mutual Funds info No No
Screener - Bonds info No No
Misc - Portfolio Allocation info Yes Yes
Stock Research SoFi Invest Citi Self Invest
Stock Research - PDF Reports info 0 0
Stock Research - Earnings info No No
Stock Research - Insiders info No No
Stock Research - Social info No No
Stock Research - News info Yes Yes
Stock Research - ESG info No No
Stock Research - SEC Filings info No No
ETF Research SoFi Invest Citi Self 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 No 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 Yes
ETFs - Ratings info No Yes
ETFs - Morningstar StyleMap info No No
ETFs - PDF Reports info No No
Mutual Fund Research SoFi Invest Citi Self Invest
Mutual Funds - Strategy Overview info No Yes
Mutual Funds - Performance Chart info No Yes
Mutual Funds - Performance Analysis info No Yes
Mutual Funds - Prospectus info No No
Mutual Funds - 3rd Party Ratings info No Yes
Mutual Funds - Fees Breakdown info No No
Mutual Funds - Top 10 Holdings info No Yes
Mutual Funds - Asset Allocation info No Yes
Mutual Funds - Sector Allocation info No No
Mutual Funds - Country Allocation info No No
Mutual Funds - StyleMap info No No
Options Trading SoFi Invest Citi Self Invest
Option Chains - Basic View info Yes No
Option Chains - Strategy View info No No
Option Chains - Streaming info No No
Option Chains - Total Columns info 0 0
Option Chains - Greeks info 0 0
Option Chains - Quick Analysis info No No
Option Analysis - P&L Charts info No No
Option Probability Analysis info No No
Option Probability Analysis Adv info No No
Option Positions - Greeks info No 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 No No
Banking SoFi Invest Citi Self 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 SoFi Invest Citi Self Invest
Phone Support (Prospect Customers) info Yes No
Phone Support (Current Customers) info Yes Yes
Email Support info No No
Live Chat (Prospect Customers) info Yes No
Live Chat (Current Customers) info Yes No
24/7 Support info No Yes
Overall SoFi Invest Citi Self Invest
Overall 3.5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 3/5 Stars 2.5/5 Stars
Platforms & Tools 2.5/5 Stars 2.5/5 Stars
Mobile Trading Apps 3/5 Stars 3/5 Stars
Research 2/5 Stars 2.5/5 Stars
Education 4.5/5 Stars 1.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review SoFi Invest Review Citi Self Invest Review
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