eToro vs SoFi Invest® 2025
In this head to head comparison of eToro vs SoFi Invest®, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
In this head to head comparison of eToro vs SoFi Invest®, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
When deciding between eToro and SoFi Invest® for your investment needs, the choice largely depends on your specific preferences and investment goals. eToro excels in cryptocurrency trading, offering access to 26 different coins, a feature not available on SoFi Invest®. Conversely, SoFi Invest® provides a broader array of traditional investment options, including stock, options, and margin trading, as well as access to mutual funds and OTC stocks. Additionally, SoFi Invest® offers various retirement account options like traditional and Roth IRAs, plus the advantage of advisor services for personalized investment guidance.
eToro allows users to trade stocks and options, but it does not offer margin trading, OTC stocks, or mutual funds. While its cryptocurrency trading platform is a standout, eToro lacks offerings like traditional IRA accounts and advisor services, which might be a consideration for those looking at long-term financial planning. It’s worth noting that eToro received a 2.5-star rating for its range of investments, ranking it 16th out of 16 brokers in a StockBrokers.com review for Range of Investments.
On the other hand, SoFi Invest® might appeal to those looking for a more comprehensive investing experience with tools suitable for building a wide-ranging portfolio. It not only offers stock and options trading but also supports fractional shares, margin trading, mutual funds, and OTC stocks. Moreover, SoFi Invest® facilitates traditional and Roth IRAs and provides advisor services, ensuring a holistic approach to both current and future investment needs. This broader scope is reflected in its higher rating of 3.5 stars and its 14th-place ranking in the StockBrokers.com assessment.
Feature |
|
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Stock Trading | Yes | Yes |
Margin Trading | No | Yes |
Fractional Shares | Yes | Yes |
OTC Stocks | No | Yes |
Mutual Funds | No | Yes |
Options Trading | Yes | Yes |
Futures Trading | No | No |
Crypto Trading | Yes | No |
Crypto Trading - Total Coins | 26 | 0 |
Range of Investments |
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Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025
When comparing eToro and SoFi Invest® for trading platforms and tools, eToro emerges as the more feature-rich option. While both brokers offer browser-based platforms without downloadable options for Windows or Mac, eToro provides a more comprehensive set of features. It includes paper trading and a variety of charting tools, such as 46 technical indicators and 48 drawing tools. Additionally, eToro allows users to add notes and index overlays to their charts, enhancing the trading experience. As a result, eToro holds a higher user rating and ranks better compared to SoFi Invest® in trading platforms and tools by StockBrokers.com, rated at 2.5 stars versus SoFi Invest®’s 1.5 stars.
Both eToro and SoFi Invest® are limited in some areas, such as the absence of downloadable platforms and the ability to directly adjust open orders or show historical trades on stock charts. However, eToro outshines SoFi Invest® with its complete charting package, including the ability to save multiple chart profiles, and a broader range of customization fields in editing simple moving average (SMA) studies. The absence of technical indicators and drawing tools with SoFi Invest® places it at a disadvantage for traders who rely on in-depth chart analysis.
Despite missing features like a trading journal or the ability to display corporate events on charts, eToro provides a well-rounded experience for users who prioritize browser-based trading and charting capabilities. It stands out for offering paper trading, which is beneficial for practice and learning without financial risk. Consequently, eToro ranked #12 for trading platforms and tools among 16 brokers, while SoFi Invest® ranked at the bottom at #16, reflecting its more limited offerings in this category.
Feature |
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Web Trading Platform | Yes | Yes |
Desktop Trading Platform | No | No |
Desktop Platform (Mac) | No | No |
Paper Trading | Yes | No |
Watch Lists - Total Fields | 7 | 3 |
Charting - Indicators / Studies | 46 | 0 |
Charting - Drawing Tools | 48 | 0 |
Platforms & Tools |
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Dive deeper: 7 Best Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025
When it comes to educating beginners, eToro and SoFi Invest® offer different sets of resources to help users grow their investment knowledge. eToro provides education on stock trading and supports its users with educational videos and a paper trading feature, which allows beginners to practice trading with virtual money. However, it lacks educational resources for ETFs, options, mutual funds, and bonds, and does not offer webinars or quizzes. Despite these limitations, eToro facilitates a practical learning experience through its video content and ranked #15 for education out of 16 brokers by StockBrokers.com, with a rating of 2.5 stars.
On the other hand, SoFi Invest® impresses with a broader range of educational content covering stocks, ETFs, options, mutual funds, and bonds. This online broker enhances the learning experience with webinars, giving beginners a chance to engage in live educational sessions. However, SoFi does not provide paper trading or educational videos, which may be a drawback for some learners. Despite this, SoFi Invest® is highly rated at 4.5 stars and holds the #6 spot in StockBrokers.com's education rankings, indicating its strong focus on providing comprehensive investment education for novices.
Feature |
|
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---|---|---|
Education (Stocks) | Yes | Yes |
Education (ETFs) | No | Yes |
Education (Options) | No | Yes |
Education (Mutual Funds) | No | Yes |
Education (Bonds) | No | Yes |
Paper Trading | Yes | No |
Videos | Yes | No |
Webinars | No | Yes |
Education |
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Dive deeper: Best Stock Trading Platforms for Beginners of 2025
When comparing eToro and SoFi Invest® for stock trading apps, eToro emerges as a more feature-rich option, especially for those interested in advanced trading tools. It offers mobile options trading, streaming quotes, videos on demand, and stock alerts, all of which SoFi Invest® does not provide. Additionally, eToro allows users to create custom watch lists and supports after-hours charting, which are absent in SoFi Invest®. Both platforms offer iPhone and Android apps, but eToro’s higher app rating of 4.5 stars outshines SoFi's 3.5 stars. eToro, ranked 11th out of 16 brokers by StockBrokers.com, surpasses SoFi’s 16th place ranking due to its comprehensive range of features.
Both eToro and SoFi Invest® provide apps for iPhone and Android, catering to users across multiple mobile devices. However, neither platform supports an app for the Apple Watch or offers streaming live TV. While they both allow viewing multiple time frames for charting in their mobile apps, eToro offers a significant advantage with 103 technical studies compared to SoFi’s lack of any technical studies. eToro also includes the ability to display stock comparisons on charts, a feature SoFi Invest® does not have.
In terms of customization, while neither platform lets users customize watch list columns or view charts in landscape mode, eToro's capabilities in helping users create custom watch lists provide more flexibility. On the other hand, SoFi does not offer this feature, limiting its personalization options. This distinction, along with eToro's robust charting tools, positions it as a superior choice for users focused on detailed and versatile stock trading analysis.
Feature |
|
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iPhone App | Yes | Yes |
Android App | Yes | Yes |
Apple Watch App | No | No |
Stock Alerts | Yes | No |
Charting - After-Hours | Yes | No |
Charting - Technical Studies | 103 | 0 |
Mobile Trading Apps |
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Dive deeper: Best Stock Trading Apps for 2025
Choosing between eToro and SoFi Invest® largely depends on your specific needs as an investor. If you are new to investing and concerned about high entry costs, SoFi Invest® may appeal to you with its low minimum deposit of just $5.00. In contrast, eToro requires a $50.00 minimum deposit. Both platforms offer commission-free stock trades and options contracts, which makes them attractive for cost-conscious investors. However, if you anticipate
Feature |
|
![]() |
---|---|---|
Minimum Deposit | $50.00 | $5.00 |
Stock Trades | $0.00 | $0.00 |
Options (Per Contract) | $0.00 | $0.00 |
Options Exercise Fee | $0.00 | $5.00 |
Options Assignment Fee | $0.00 | $5.00 |
IRA Annual Fee | $0.00 | |
IRA Closure Fee | $20.00 |
Dive deeper: Best Free Trading Platforms for 2025
When evaluating eToro and SoFi Invest® for day trading, both platforms offer distinct features that traders should consider. eToro allows users to access streaming time and sales data for stocks, offering real-time insight into market activities—a valuable tool for day traders looking to make informed decisions. On the other hand, SoFi Invest® does not offer this feature, which might be a limitation for traders who rely on real-time data for their strategies. Both eToro and SoFi Invest® do not provide streaming live TV, direct market routing, ladder trading, trading hotkeys, or level 2 quotes, which means traders seeking advanced tools or real-time broadcasts will need to look elsewhere.
In terms of backtesting capabilities, neither eToro nor SoFi Invest® provides basic or advanced strategy backtesting. This could be a key consideration for traders looking to test their strategies before executing them in the live market. Additionally, both platforms lack a short locator tool and do not offer order liquidity rebates, which might impact day traders who engage in short selling or seek to capitalize on liquidity rebates. Overall, while eToro provides more in terms of streaming capabilities, traders should weigh these factors based on their individual trading needs and preferences.
Feature |
|
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Streaming Time & Sales | Yes | No |
Streaming TV | No | No |
Direct Market Routing - Stocks | No | No |
Level 2 Quotes - Stocks | No | No |
Trade Ideas - Backtesting | No | No |
Trade Ideas - Backtesting Adv | No | No |
Short Locator | No | No |
Dive deeper: Best Day Trading Platforms for 2025
When it comes to market research tools, eToro outshines SoFi Invest® largely because it offers more comprehensive research options, including stock and ETF analysis. While both platforms have certain limitations, eToro provides additional features such as social media sentiment data and ESG research, making it more appealing to users interested in a deeper dive into market data. However, neither platform offers downloadable PDF reports for stocks or ETFs, nor do they provide screeners for trading ideas, which may be a drawback for investors looking for specific data tools.
eToro stands out for its ability to furnish users with stock research and insight into ETF markets, albeit without downloadable reports. Its unique integration of social media sentiment analysis and ESG research provides users with contemporary tools to make informed investment decisions. Despite these advantages, eToro does not support portfolio allocation views by asset class, which is a feature available with SoFi Invest®. Additionally, eToro lacks research tools for mutual funds, pink sheets, OTCBB, and bonds, suggesting that it's best suited for users focused on stocks and ETFs.
SoFi Invest® falls short in market research capabilities, providing no facilities for individual stock or ETF research. However, it offers an option to view portfolio allocation by asset class, potentially benefiting those looking to maintain a diversified investment strategy at a glance. Despite this, the absence of advanced research features and screeners makes it less favorable compared to other platforms, culminating in its lower ranking in market research alongside its meager rating. Investors seeking comprehensive market analysis might find SoFi Invest® lacking, directing them towards platforms like eToro that offer a broader range of research tools.
Feature |
|
![]() |
---|---|---|
Research - Stocks | Yes | No |
Screener - Stocks | No | No |
Research - ETFs | Yes | No |
Screener - ETFs | No | No |
Research - Mutual Funds | No | No |
Screener - Mutual Funds | No | No |
Research - Bonds | No | No |
Screener - Bonds | No | No |
Research |
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When comparing the banking features of eToro and SoFi Invest®, it's evident that SoFi offers a broader spectrum of services. SoFi Invest® provides checking and savings accounts, allowing users to easily manage their money, while eToro does not offer these options. Additionally, SoFi includes the convenience of debit and credit cards, which can streamline everyday transactions and offer financial flexibility. Moreover, for those considering home ownership, SoFi Invest® also extends mortgage loans, an option not available through eToro. Both platforms do not offer certificates of deposit (CDs). Overall, if you're looking for a comprehensive suite of banking services along with investing, SoFi Invest® stands out as a versatile choice.
Feature |
|
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---|---|---|
Checking Accounts | No | Yes |
Savings Accounts | No | Yes |
Debit Cards | No | Yes |
Credit Cards | No | Yes |
Mortgage Loans | No | Yes |
CDs | No | No |
Dive deeper: Best Bank Accounts for Trading Stocks for 2025
After opening live accounts and testing 16 of the best online brokers, our research and live account testing finds that eToro is better than SoFi Invest®. eToro finished with an overall score of 66.1%, while SoFi Invest® finished with a score of 64.6%.
Though its offerings have some limitations, eToro's approach will appeal to those interested in learning how to trade crypto or joining a crypto-focused community. The scope currently is limited in the U.S., so those looking for more advanced trading or trading a variety of underlyings will want to look elsewhere.
eToro and SoFi Invest® both serve as prominent online brokers, yet they differ significantly in cryptocurrency offerings; eToro provides trading access to 26 cryptocurrencies, while SoFi Invest® currently does not support crypto trading.
Dive deeper: Best Online Brokers for Crypto Trading in 2025
eToro does not offer traditional or Roth IRA accounts, whereas SoFi Invest® provides both types of IRA accounts with no annual fees, though it charges a $20.00 closure fee for closing these accounts.
Dive deeper: Best IRA Accounts for 2025
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0 of 5Overall Rating | eToro | SoFi Invest® | |
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Overall |
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Range of Investments |
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Platforms & Tools |
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Mobile Trading Apps |
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Research |
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Customer Service | N/A |
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Education |
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Ease Of Use |
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Winner | check_circle | ||
Review | eToro Review | SoFi Invest® Review |
Broker Screenshots | eToro | 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 | eToro | SoFi Invest® | |
---|---|---|---|
Minimum Deposit | $50.00 | $5.00 | |
Stock Trades | $0.00 | $0.00 | |
Penny Stock Fees (OTC) | N/A | N/A | |
Mutual Fund Trade Fee | N/A | $0 | |
Options (Per Contract) | $0.00 | $0.00 | |
Futures (Per Contract) | (Not offered) | $0.00 | |
Broker Assisted Trade Fee | $0 | N/A |
Margin Rates | eToro | SoFi Invest® | |
---|---|---|---|
Margin Rate Under $25,000 | Not offered | 11.25% | |
Margin Rate $25,000 to $49,999.99 | Not offered | 11.25% | |
Margin Rate $50,000 to $99,999.99 | Not offered | 11.25% | |
Margin Rate $100,000 to $249,999.99 | Not offered | 11.25% | |
Margin Rate $250,000 to $499,999.99 | Not offered | 11.25% | |
Margin Rate $500,000 to $999,999.99 | Not offered | 11.25% | |
Margin Rate Above $1,000,000 | Not offered | 11.25% |
Account Fees | eToro | SoFi Invest® | |
---|---|---|---|
IRA Annual Fee | $0.00 | ||
IRA Closure Fee | $20.00 | ||
Account Transfer Out (Partial) | $75.00 | $100.00 | |
Account Transfer Out (Full) | $75.00 | $100.00 | |
Options Exercise Fee | $0.00 | $5.00 | |
Options Assignment Fee | $0.00 | $5.00 |
Investment Options | eToro | SoFi Invest® | |
---|---|---|---|
Stock Trading | Yes | Yes | |
Margin Trading | No | Yes | |
Fractional Shares | Yes | Yes | |
OTC Stocks | No | Yes | |
Options Trading | Yes | Yes | |
Complex Options Max Legs | 0 | 0 | |
Futures Trading | No | No | |
Forex Trading | No | No | |
Crypto Trading | Yes | No | |
Crypto Trading - Total Coins | 26 | 0 | |
Mutual Funds (No Load) | 0 | 0 | |
Mutual Funds (Total) | 0 | 6000 | |
Bonds (US Treasury) | No | No | |
Bonds (Corporate) | No | No | |
Bonds (Municipal) | No | No | |
Traditional IRAs | No | Yes | |
Roth IRAs | No | Yes | |
Advisor Services | No | Yes | |
International Countries (Stocks) | 0 | 0 |
Order Types | eToro | SoFi Invest® | |
---|---|---|---|
Order Type - Market | Yes | Yes | |
Order Type - Limit | No | Yes | |
Order Type - After Hours | No | Yes | |
Order Type - Stop | Yes | No | |
Order Type - Trailing Stop | Yes | No | |
Order Type - OCO | No | No | |
Order Type - OTO | No | No | |
Order Type - Broker Assisted | No | No |
Beginners | eToro | SoFi Invest® | |
---|---|---|---|
Education (Stocks) | Yes | Yes | |
Education (ETFs) | No | Yes | |
Education (Options) | No | Yes | |
Education (Mutual Funds) | No | Yes | |
Education (Bonds) | No | Yes | |
Education (Retirement) | No | Yes | |
Retirement Calculator | No | No | |
Investor Dictionary | No | Yes | |
Paper Trading | Yes | No | |
Videos | Yes | No | |
Webinars | No | Yes | |
Webinars (Archived) | No | Yes | |
Progress Tracking | No | No | |
Interactive Learning - Quizzes | No | No |
Stock Trading Apps | eToro | SoFi Invest® | |
---|---|---|---|
iPhone App | Yes | Yes | |
Android App | Yes | Yes | |
Apple Watch App | No | No | |
Trading - Stocks | Yes | Yes | |
Trading - After-Hours | No | Yes | |
Trading - Simple Options | Yes | No | |
Trading - Complex Options | No | No | |
Order Ticket RT Quotes | Yes | Yes | |
Order Ticket SRT Quotes | Yes | No |
Stock App Features | eToro | SoFi Invest® | |
---|---|---|---|
Market Movers (Top Gainers) | Yes | Yes | |
Stream Live TV | No | No | |
Videos on Demand | Yes | 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 |
Stock App Charting | eToro | SoFi Invest® | |
---|---|---|---|
Charting - After-Hours | Yes | No | |
Charting - Can Turn Horizontally | No | No | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 103 | 0 | |
Charting - Study Customizations | Yes | No | |
Charting - Stock Comparisons | Yes | No |
Trading Platforms | eToro | SoFi Invest® | |
---|---|---|---|
Active Trading Platform | N/A | N/A | |
Desktop Trading Platform | No | No | |
Desktop Platform (Mac) | No | No | |
Web Trading Platform | Yes | Yes | |
Paper Trading | Yes | No | |
Trade Journal | No | No | |
Watch Lists - Total Fields | 7 | 3 |
Stock Chart Features | eToro | SoFi Invest® | |
---|---|---|---|
Charting - Adjust Trades on Chart | No | No | |
Charting - Indicators / Studies | 46 | 0 | |
Charting - Drawing Tools | 48 | 0 | |
Charting - Notes | Yes | No | |
Charting - Index Overlays | Yes | No | |
Charting - Historical Trades | No | No | |
Charting - Corporate Events | No | No | |
Charting - Custom Date Range | No | No | |
Charting - Custom Time Bars | No | No | |
Charting - Automated Analysis | No | No | |
Charting - Save Profiles | Yes | No | |
Trade Ideas - Technical Analysis | Yes | No | |
Charting - Study Customizations | 5 | 0 | |
Charting - Custom Studies | No | No |
Day Trading | eToro | SoFi Invest® | |
---|---|---|---|
Streaming Time & Sales | Yes | No | |
Streaming TV | No | No | |
Direct Market Routing - Stocks | No | No | |
Ladder Trading | No | No | |
Trade Hotkeys | No | No | |
Level 2 Quotes - Stocks | No | No | |
Trade Ideas - Backtesting | No | No | |
Trade Ideas - Backtesting Adv | No | No | |
Short Locator | No | No | |
Order Liquidity Rebates | No | No |
Research Overview | eToro | SoFi Invest® | |
---|---|---|---|
Research - Stocks | Yes | No | |
Research - ETFs | Yes | No | |
Research - Mutual Funds | No | No | |
Research - Pink Sheets / OTCBB | No | No | |
Research - Bonds | No | No | |
Screener - Stocks | No | No | |
Screener - ETFs | No | No | |
Screener - Mutual Funds | No | No | |
Screener - Bonds | No | No | |
Misc - Portfolio Allocation | No | Yes |
Stock Research | eToro | SoFi 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 | Yes | No | |
Stock Research - SEC Filings | Yes | No |
ETF Research | eToro | SoFi Invest® | |
---|---|---|---|
ETFs - Strategy Overview | Yes | Yes | |
ETF Fund Facts - Inception Date | No | No | |
ETF Fund Facts - Expense Ratio | No | Yes | |
ETF Fund Facts - Net Assets | No | No | |
ETF Fund Facts - Total Holdings | No | No | |
ETFs - Top 10 Holdings | No | Yes | |
ETFs - Sector Exposure | No | No | |
ETFs - Risk Analysis | No | No | |
ETFs - Ratings | Yes | No | |
ETFs - Morningstar StyleMap | No | No | |
ETFs - PDF Reports | No | No |
Mutual Fund Research | eToro | SoFi 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 | No | 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 Trading | eToro | SoFi Invest® | |
---|---|---|---|
Option Chains - Basic View | Yes | Yes | |
Option Chains - Strategy View | No | No | |
Option Chains - Streaming | No | No | |
Option Chains - Total Columns | 0 | 0 | |
Option Chains - Greeks | 4 | 0 | |
Option Chains - Quick Analysis | Yes | No | |
Option Analysis - P&L Charts | No | No | |
Option Probability Analysis | No | No | |
Option Probability Analysis Adv | No | No | |
Option Positions - Greeks | No | No | |
Option Positions - Greeks Streaming | No | No | |
Option Positions - Adv Analysis | No | No | |
Option Positions - Rolling | No | No | |
Option Positions - Grouping | No | No |
Banking | eToro | SoFi 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 Service | eToro | SoFi Invest® | |
---|---|---|---|
Phone Support (Prospect Customers) | No | Yes | |
Phone Support (Current Customers) | No | Yes | |
Email Support | Yes | No | |
Live Chat (Prospect Customers) | Yes | Yes | |
Live Chat (Current Customers) | Yes | Yes | |
24/7 Support | No | No |
Overall | eToro | SoFi Invest® | |
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Overall |
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Range of Investments |
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Platforms & Tools |
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Mobile Trading Apps |
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Research |
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Education |
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Ease Of Use |
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Winner | check_circle | ||
Review | eToro Review | SoFi Invest® Review |