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eToro vs SoFi Invest® 2025

StockBrokers.com

Written by StockBrokers.com

February 20, 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.

eToro
3.5/5 Stars Overall
  • Minimum Deposit: $50.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00
SoFi Invest®
3/5 Stars Overall
  • Minimum Deposit: $5.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00

Range of investments

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 eToro logoeToro
SoFi Invest® logoSoFi Invest®
Stock Trading info Yes Yes
Margin Trading info No Yes
Fractional Shares info Yes Yes
OTC Stocks info No Yes
Mutual Funds info No Yes
Options Trading info Yes Yes
Futures Trading info No No
Crypto Trading info Yes No info
Crypto Trading - Total Coins info 26 0
Range of Investments 2.5/5 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 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 eToro logoeToro
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 Yes No
Watch Lists - Total Fields info 7 3
Charting - Indicators / Studies info 46 0
Charting - Drawing Tools info 48 0
Platforms & Tools 2.5/5 Stars 1.5/5 Stars

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

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Beginners and education

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 eToro logoeToro
SoFi Invest® logoSoFi Invest®
Education (Stocks) info Yes Yes
Education (ETFs) info No Yes
Education (Options) info No Yes
Education (Mutual Funds) info No Yes
Education (Bonds) info No Yes
Paper Trading info Yes No
Videos info Yes No
Webinars info No Yes
Education 2.5/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

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 eToro logoeToro
SoFi Invest® logoSoFi Invest®
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No No
Stock Alerts info Yes No
Charting - After-Hours info Yes No
Charting - Technical Studies info 103 0
Mobile Trading Apps 4.5/5 Stars 3.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

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 eToro logoeToro
SoFi Invest® logoSoFi Invest®
Minimum Deposit info $50.00 $5.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.00 $0.00
Options Exercise Fee info $0.00 $5.00
Options Assignment Fee info $0.00 $5.00
IRA Annual Fee info $0.00
IRA Closure Fee info $20.00

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

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 eToro logoeToro
SoFi Invest® logoSoFi Invest®
Streaming Time & Sales info Yes 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 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 eToro logoeToro
SoFi Invest® logoSoFi Invest®
Research - Stocks info Yes No
Screener - Stocks info No No
Research - ETFs info Yes No
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 1.5/5 Stars 0.5/5 Stars

Banking

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 eToro logoeToro
SoFi Invest® logoSoFi Invest®
Checking Accounts info No Yes
Savings Accounts info No Yes
Debit Cards info No Yes
Credit Cards info No Yes
Mortgage Loans info No Yes
CDs info No 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 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.

FAQs

Can you trade cryptocurrency with eToro or SoFi Invest®?

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

Does eToro or SoFi Invest® offer IRAs?

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 5
Overall Rating eToro SoFi Invest®
Overall 3.5/5 Stars 3/5 Stars
Range of Investments 2.5/5 Stars 3.5/5 Stars
Platforms & Tools 2.5/5 Stars 1.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3.5/5 Stars
Research 1.5/5 Stars 0.5/5 Stars
Customer Service N/A 4.5/5 Stars
Education 2.5/5 Stars 4.5/5 Stars
Ease Of Use 4/5 Stars 4.5/5 Stars
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 info $50.00 $5.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info N/A N/A
Mutual Fund Trade Fee info N/A $0
Options (Per Contract) info $0.00 $0.00
Futures (Per Contract) info (Not offered) $0.00
Broker Assisted Trade Fee info $0 N/A
Margin Rates eToro SoFi Invest®
Margin Rate Under $25,000 info Not offered 11.25%
Margin Rate $25,000 to $49,999.99 info Not offered 11.25%
Margin Rate $50,000 to $99,999.99 info Not offered 11.25%
Margin Rate $100,000 to $249,999.99 info Not offered 11.25%
Margin Rate $250,000 to $499,999.99 info Not offered 11.25%
Margin Rate $500,000 to $999,999.99 info Not offered 11.25%
Margin Rate Above $1,000,000 info Not offered 11.25%
Account Fees eToro SoFi Invest®
IRA Annual Fee info $0.00
IRA Closure Fee info $20.00
Account Transfer Out (Partial) info $75.00 $100.00
Account Transfer Out (Full) info $75.00 $100.00
Options Exercise Fee info $0.00 $5.00
Options Assignment Fee info $0.00 $5.00
Investment Options eToro SoFi Invest®
Stock Trading info Yes Yes
Margin Trading info No Yes
Fractional Shares info Yes Yes
OTC Stocks info No Yes
Options Trading info Yes Yes
Complex Options Max Legs info 0 0
Futures Trading info No No
Forex Trading info No No
Crypto Trading info Yes No info
Crypto Trading - Total Coins info 26 0
Mutual Funds (No Load) info 0 0
Mutual Funds (Total) info 0 6000
Bonds (US Treasury) info No No
Bonds (Corporate) info No No
Bonds (Municipal) info No No
Traditional IRAs info No Yes
Roth IRAs info No Yes
Advisor Services info No Yes
International Countries (Stocks) info 0 0
Order Types eToro SoFi Invest®
Order Type - Market info Yes Yes
Order Type - Limit info No Yes
Order Type - After Hours info No Yes
Order Type - Stop info Yes No
Order Type - Trailing Stop info Yes No
Order Type - OCO info No No
Order Type - OTO info No No
Order Type - Broker Assisted info No No
Beginners eToro SoFi Invest®
Education (Stocks) info Yes Yes
Education (ETFs) info No Yes
Education (Options) info No Yes
Education (Mutual Funds) info No Yes
Education (Bonds) info No Yes
Education (Retirement) info No Yes
Retirement Calculator info No No
Investor Dictionary info No Yes
Paper Trading info Yes No
Videos info Yes No
Webinars info No Yes
Webinars (Archived) info No Yes
Progress Tracking info No No
Interactive Learning - Quizzes info No No
Stock Trading Apps eToro 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 No Yes
Trading - Simple Options info Yes No
Trading - Complex Options info No No
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes No
Stock App Features eToro SoFi Invest®
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No No
Videos on Demand info Yes No
Stock Alerts info Yes No
Option Chains Viewable info Yes No
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes No
Watch Lists - Create & Manage info Yes No
Watch Lists - Column Customization info No No
Stock App Charting eToro SoFi Invest®
Charting - After-Hours info Yes No
Charting - Can Turn Horizontally info No No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 103 0
Charting - Study Customizations info Yes No
Charting - Stock Comparisons info Yes No
Trading Platforms eToro 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 Yes No
Trade Journal info No No
Watch Lists - Total Fields info 7 3
Stock Chart Features eToro SoFi Invest®
Charting - Adjust Trades on Chart info No No
Charting - Indicators / Studies info 46 0
Charting - Drawing Tools info 48 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 No No
Charting - Save Profiles info Yes No
Trade Ideas - Technical Analysis info Yes No
Charting - Study Customizations info 5 0
Charting - Custom Studies info No No
Day Trading eToro SoFi Invest®
Streaming Time & Sales info Yes 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 eToro SoFi Invest®
Research - Stocks info Yes No
Research - ETFs info Yes No
Research - Mutual Funds info No No
Research - Pink Sheets / OTCBB info No No
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 No Yes
Stock Research eToro SoFi Invest®
Stock Research - PDF Reports info 0 0
Stock Research - Earnings info Yes No
Stock Research - Insiders info Yes No
Stock Research - Social info Yes No
Stock Research - News info Yes Yes
Stock Research - ESG info Yes No
Stock Research - SEC Filings info Yes No
ETF Research eToro SoFi Invest®
ETFs - Strategy Overview info Yes Yes
ETF Fund Facts - Inception Date info No No
ETF Fund Facts - Expense Ratio info No Yes
ETF Fund Facts - Net Assets info No No
ETF Fund Facts - Total Holdings info No No
ETFs - Top 10 Holdings info No 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 eToro SoFi Invest®
Mutual Funds - Strategy Overview info No No
Mutual Funds - Performance Chart info No No
Mutual Funds - Performance Analysis info No No
Mutual Funds - Prospectus info No No
Mutual Funds - 3rd Party Ratings info No No
Mutual Funds - Fees Breakdown info No No
Mutual Funds - Top 10 Holdings info No No
Mutual Funds - Asset Allocation info No No
Mutual Funds - Sector Allocation info No No
Mutual Funds - Country Allocation info No No
Mutual Funds - StyleMap info No No
Options Trading eToro SoFi Invest®
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info No No
Option Chains - Streaming info No No
Option Chains - Total Columns info 0 0
Option Chains - Greeks info 4 0
Option Chains - Quick Analysis info Yes 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 eToro SoFi Invest®
Bank (Member FDIC) info No Yes
Checking Accounts info No Yes
Savings Accounts info No Yes
Credit Cards info No Yes
Debit Cards info No Yes
Mortgage Loans info No Yes
Customer Service eToro SoFi Invest®
Phone Support (Prospect Customers) info No Yes
Phone Support (Current Customers) info No Yes
Email Support info Yes No
Live Chat (Prospect Customers) info Yes Yes
Live Chat (Current Customers) info Yes Yes
24/7 Support info No No
Overall eToro SoFi Invest®
Overall 3.5/5 Stars 3/5 Stars
Range of Investments 2.5/5 Stars 3.5/5 Stars
Platforms & Tools 2.5/5 Stars 1.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3.5/5 Stars
Research 1.5/5 Stars 0.5/5 Stars
Education 2.5/5 Stars 4.5/5 Stars
Ease Of Use 4/5 Stars 4.5/5 Stars
Winner check_circle
Review eToro Review SoFi Invest® Review
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