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eToro vs SoFi Invest® 2025

StockBrokers.com

Written by StockBrokers.com

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

Range of investments

When comparing eToro and SoFi Invest®, each platform caters to different investment preferences, making the choice dependent on individual needs. eToro stands out with its unique focus on trading cryptocurrencies, offering 26 different coins, while SoFi Invest® takes the lead in more conventional investing options, such as traditional and Roth IRA accounts. Additionally, SoFi Invest® offers unique investment opportunities, like margin trading, mutual funds, and advisor services, which might appeal to investors seeking a broader range of traditional financial products.

eToro and SoFi Invest® both offer stock trading and options trading, catering to users looking to invest in standard markets. Both platforms also support fractional share trading, giving investors the flexibility to invest smaller amounts in big-name stocks. However, there's a notable divergence in their offerings: SoFi Invest® provides access to OTC stocks and mutual funds, broadening its appeal to a wider audience, while eToro primarily focuses on crypto, making it attractive for those interested in a digital currency-centric investing experience.

With eToro being rated 2.5 stars and SoFi Invest® receiving 3.5 stars for their range of investments, SoFi Invest® holds a slight edge in terms of variety. According to StockBrokers.com, eToro and SoFi Invest® are ranked 15th and 13th, respectively, out of 15 brokers for Range of Investments. These rankings highlight that while both platforms have their strengths, SoFi Invest® may be preferable for those looking for more traditional investment choices, whereas eToro is better suited for individuals keen on cryptocurrency trading.

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 seems to have the edge, especially for users keen on technical analysis and charting capabilities. With a rating of 2.5 stars versus SoFi Invest's® 1.5 stars, eToro offers a broader array of features such as 46 technical indicators and 48 drawing tools, compared to none offered by SoFi Invest®. Both platforms lack desktop downloads but support browser-based trading, which suits traders who prefer online accessibility over traditional software installations. In rankings by StockBrokers.com, eToro takes the 12th spot while SoFi Invest® lands at 15th, suggesting a more favorable user experience with eToro’s offerings.

eToro stands out with its paper trading feature, allowing users to practice strategies without financial risk—a feature absent in SoFi Invest®. eToro also supports functionalities like saving multiple chart profiles and adding notes and index overlays to charts, providing a richer toolkit for technical traders. However, neither platform allows adjusting open orders directly on stock charts, nor do they provide capabilities for displaying corporate events or automated technical analysis on charts, reflecting limitations shared by both brokers.

Though SoFi Invest® trails behind in features like watchlist customization, offering only three fields compared to eToro's seven, it maintains a straightforward and accessible experience for those new to investing. Despite lacking technical tools, SoFi Invest® serves investors focused more on simplicity than technical intricacies. Overall, while eToro's platform offers more advanced tools for the technically inclined, both platforms cater to different types of traders, with eToro leaning towards users seeking comprehensive analytical tools and SoFi Invest® appealing to those favoring ease of use and minimalism.

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

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Beginners and education

When comparing eToro and SoFi Invest® regarding beginner-friendly features and investor education, each platform offers different strengths. eToro provides stock education, and users can practice their trading skills with a paper trading feature, helping beginners gain experience without risk. In addition, eToro has educational videos that can be useful for visual learners. However, it lacks comprehensive resources for other investment types like ETFs, options, mutual funds, and bonds. Also, eToro doesn’t offer webinars, quizzes, or the functionality to track learning progress, contributing to its lower education rating of 2.5 stars out of 5.

On the other hand, SoFi Invest® excels with extensive educational content for a broader range of investments, including stocks, ETFs, options, mutual funds, and bonds. While it doesn’t offer paper trading or educational videos, SoFi Invest® compensates by providing webinars that offer interactive learning opportunities. Though neither platform has educational quizzes or progress tracking features, SoFi Invest® stands out with a significantly higher education rating of 4.5 stars and ranks 6th out of 15 brokers for educational resources according to StockBrokers.com. This makes it a more attractive choice for those seeking a comprehensive educational experience in various investment areas.

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 evaluating the stock trading apps of eToro and SoFi Invest®, eToro stands out with a higher rating of 4.5 stars compared to SoFi Invest®'s 3.5 stars. This advantage is reflected in the rankings by StockBrokers.com, where eToro places 11th out of 15 brokers, while SoFi Invest® ranks 15th. What sets eToro apart are its capabilities like mobile options trading, streaming quotes, and a comprehensive charting experience with 103 technical studies. These features make eToro a more attractive choice for active traders seeking advanced tools and flexibility.

Both eToro and SoFi Invest® offer iPhone and Android apps, ensuring that users have access to their platforms across the most popular devices. However, neither provides an app for the Apple Watch. While SoFi Invest® lacks features like streaming quotes and mobile options trading, eToro supports these functions, allowing users to stay updated with market changes and execute different types of trades from their mobile devices.

In terms of charting capabilities, eToro offers a richer experience with after-hours charting, multiple time frames, and the ability to display stock comparisons. SoFi Invest® falls short here, not providing any technical studies or enhanced features for charting. Although both apps support viewing charts in multiple time frames, eToro's extensive support for technical analysis makes it better suited to traders who rely on detailed market insights. Overall, for those who prioritize feature-rich charting and trading tools, eToro presents a more robust option.

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

When choosing between eToro and SoFi Invest® for your online trading needs, understanding their account fees and charges can greatly influence your decision. eToro requires a minimum deposit of $50, whereas SoFi Invest® boasts a no-minimum-deposit policy, making it potentially more accessible for beginners. Both platforms offer commission-free regular stock trades and options contracts, which is great for cost-conscious traders. However, if you're considering options trading, eToro may hold an edge with no fees for options exercises and assignments, unlike SoFi Invest®, which charges $5 for each.

Delving deeper, eToro doesn't offer margin trading, so if margin is crucial to your strategy, SoFi Invest® could be your go-to despite its significant 11.25% fee across various balance tiers. For IRA-related expenses, SoFi Invest® shines with no annual fees, although you'll encounter a $20 closure fee if you decide to shut your account. Conversely, information about eToro's IRA fees isn't readily available. It's important to assess whether you might benefit more from eToro's lower Account Transfer (ACAT) fees, which are $75 for both partial and full transfers, compared to SoFi Invest®'s $100.

Ultimately, your choice between eToro and SoFi Invest® should align with your financial goals and trade preferences. While eToro might be more appealing for zero-cost options trading and lower ACAT fees, SoFi Invest® could attract investors with its margin trading option and no minimum deposit requirement. Weigh these aspects against your personal trading strategy to determine the best fit for you.

Feature eToro logoeToro
SoFi Invest® logoSoFi Invest®
Minimum Deposit info $50.00 $0.00
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

For those prioritizing market research in choosing an online broker, eToro edges out SoFi Invest based on available features and user ratings. eToro provides rudimentary offerings like stock research and ETF insights, complemented by innovative tools such as social media sentiment data and ESG research, earning it a rating of 1.5 stars. In contrast, SoFi Invest does not provide stock or ETF research capabilities and lacks such progressive features, leading to a lower market research rating of 0.5 stars. As evaluated by StockBrokers.com, eToro is ranked 14th out of 15 brokers, while SoFi Invest® sits at the bottom at 15th for market research prowess.

eToro brings to the table stock and ETF research options, albeit not in downloadable PDF format, and leverages social media sentiment data to provide users with a unique perspective on market trends. This approach allows investors to gain insights based on real-time social dialogue, a feature absent in SoFi Invest’s current offerings. Additionally, eToro includes ESG research, which aligns investment decisions with personal values, while SoFi Invest lacks this capability altogether. However, for investors seeking tools such as stock or ETF screeners, neither platform currently offers these features.

Despite the advantages eToro holds in certain areas, it does not support research for mutual funds, pink sheets, or bonds, similar to SoFi Invest. Furthermore, both platforms are lacking in offering downloadable PDF reports or screeners for trade ideas across different asset classes. Notably, while SoFi Invest offers a view of portfolio allocation by asset class, eToro does not offer this feature. As such, while eToro shows some useful tools for specific research needs, both platforms have significant room for improvement in their market research services.

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 15 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 $0.00
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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