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 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 |
|
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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 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 |
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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: Best Online Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025
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 |
|
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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 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 |
|
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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
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 |
|
![]() |
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Minimum Deposit | $50.00 | $0.00 |
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
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 |
|
![]() |
---|---|---|
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 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.
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 | $0.00 | |
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 |