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Fidelity vs SoFi Invest® 2025

StockBrokers.com

Written by StockBrokers.com

March 11, 2025

In this head to head comparison of Fidelity vs SoFi Invest®, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Fidelity
5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.65
SoFi Invest®
3/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00

Range of investments

When choosing an online broker, understanding the differences between Fidelity and SoFi Invest® can help you decide which platform best suits your investment needs. Both Fidelity and SoFi Invest® offer a comprehensive range of services, including stock trading, margin trading, fractional shares, OTC stocks, mutual funds, and options trading. Notably, Fidelity stands out by offering crypto trading in three coins, a feature that SoFi Invest® does not provide. Furthermore, Fidelity's higher rating in the range of investments reflects its broader array of options, placing it third among 15 brokers, while SoFi Invest® ranks 13th.

Both Fidelity and SoFi Invest® cater to diverse investment preferences, offering traditional and Roth IRA accounts for retirement planning and advisor services for personalized guidance. However, for investors interested in cryptocurrencies, Fidelity holds a distinct advantage. While neither broker offers forex or futures trading, the inclusion of crypto trading at Fidelity broadens the spectrum of investment opportunities available to its clients. Regardless of the choice, both platforms present viable options for beginning and seasoned investors alike, though Fidelity presents a slightly more extensive suite for those looking to maximize investment diversity.

Evaluating your personal investment goals and preferences will determine the best fit between Fidelity and SoFi Invest®. If access to a wider range of investment choices, including cryptocurrency, is your priority, Fidelity emerges as the clear choice. Alternatively, if traditional investment options align with your objectives and simplicity appeals to you, SoFi Invest® can serve as an adequate option, keeping in mind that it offers similar core investment services but falls short in diversity. Ultimately, determining the platform that aligns with your financial goals will lead to more informed and strategic investment decisions.

Feature Fidelity logoFidelity
SoFi Invest® logoSoFi Invest®
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes Yes
OTC Stocks info Yes Yes
Mutual Funds info Yes Yes
Options Trading info Yes Yes
Futures Trading info No No
Crypto Trading info Yes No info
Crypto Trading - Total Coins info 3 0
Range of Investments 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 choosing between Fidelity and SoFi Invest® for trading platforms and tools, Fidelity comes out as the superior option. With a rating of 4.5 stars from StockBrokers.com and a ranking of #4 out of 15 brokers, Fidelity offers a wide array of features, flexibility, and customizability that cater to both casual and professional traders. On the other hand, SoFi Invest® has a simpler setup, receiving only 1.5 stars and ranking last at #15, which may suit beginners but lacks advanced features for seasoned investors.

Fidelity stands out by providing downloadable trading platforms for both Windows and Mac, along with a feature-rich browser-based platform. Traders have access to extensive tools, including 129 technical indicators, 38 drawing tools, and various customization options like setting custom date ranges and adjusting open orders directly on stock charts. Fidelity's platform also supports features such as trading journals, notes on charts, and the ability to visualize corporate events and historical trades on charts, enhancing the overall trading experience.

In contrast, SoFi Invest® offers a more basic approach, featuring only a browser-based trading platform without downloadable versions for desktop operating systems. It also lacks essential charting tools and indicators; zero technical indicators, drawing tools, or customization fields for stock chart studies are provided. This streamlined platform might be ideal for new investors looking for simplicity, but it falls short in offering the depth and tools that more experienced traders might seek.

Feature Fidelity logoFidelity
SoFi Invest® logoSoFi Invest®
Web Trading Platform info Yes Yes
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info Yes No
Paper Trading info No No
Watch Lists - Total Fields info 92 3
Charting - Indicators / Studies info 129 0
Charting - Drawing Tools info 38 0
Platforms & Tools 4.5/5 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 Fidelity and SoFi Invest® in terms of educational resources for beginner investors, both offer a comprehensive suite of content covering stocks, ETFs, options, mutual funds, and bonds. Fidelity takes the lead with educational features by providing not only content but also engaging methods such as educational videos, interactive quizzes, and webinars. Additionally, Fidelity offers a learning track feature that helps users monitor their progress. In contrast, SoFi Invest® offers solid educational materials and webinars but lacks educational videos, quizzes, and the ability to track learning progress.

For investors keen on educational support, Fidelity is rated five stars and stands as the second-best choice out of 15 brokers according to StockBrokers.com. SoFi Invest® is not far behind with a rating of 4.5 stars and a sixth-place ranking. Despite neither platform offering paper trading, both cater extensively to beginner and intermediate investors seeking knowledge and skills in the financial markets.

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

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

Fidelity and SoFi Invest® present distinct offerings for those seeking a stock trading app, and the choice largely depends on the user's needs. Fidelity stands out with a top-tier rating of five stars from StockBrokers.com, ranking third out of fifteen brokers. Its comprehensive feature set includes mobile options trading, streaming quotes, live TV, and various customization options within its app. In contrast, SoFi Invest® holds a rating of 3.5 stars and is ranked fifteenth, offering a more basic experience with fewer features and customization capabilities.

Both Fidelity and SoFi Invest® provide mobile apps compatible with iPhone and Android devices; however, only Fidelity extends its offering to an Apple Watch app. Fidelity's app is designed for users who require advanced features such as mobile after-hours stock trading, a wide array of technical studies, and the ability to customize watch lists and columns. Additionally, Fidelity provides users the capability to trade options on mobile and has a robust suite of multimedia resources like streaming live TV and on-demand videos.

SoFi Invest®, while lacking many of the features found in Fidelity's app, still provides the essential functionality needed for straightforward trading. Users can view charts in multiple time frames, which is one aspect where SoFi Invest® aligns with Fidelity. However, traders looking for advanced charting tools or real-time streaming quotes may find SoFi Invest® less equipped for their needs. Overall, Fidelity's app is better suited for active traders and those seeking a full range of trading tools on mobile, while SoFi Invest® offers a simpler platform for those just starting out or who prefer a more straightforward approach to investing.

Feature Fidelity logoFidelity
SoFi Invest® logoSoFi Invest®
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Stock Alerts info Yes No
Charting - After-Hours info Yes No
Charting - Technical Studies info 119 0
Mobile Trading Apps 5/5 Stars 3.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

When choosing between Fidelity and SoFi Invest®, investors should consider the varying fee structures alongside their investing goals. Both platforms offer zero minimum deposit requirements and do not charge fees for regular stock trades, making them accessible to a wide range of investors. However, they differ in other charges: SoFi Invest® offers free options contracts but charges for options-related actions, while Fidelity has a fee for options contracts but no charges for exercises or assignments. For those using margin accounts, SoFi Invest® offers lower interest rates across various balance levels.

Fidelity and SoFi Invest® both offer free IRA accounts with no annual fees, but SoFi Invest® imposes a $20 fee if you decide to close your IRA account. Investors should also be aware of the costs associated with transferring accounts; Fidelity stands out with no fees for either partial or full account transfers, while SoFi Invest® charges a substantial fee of $100 in these scenarios. This difference might influence those considering frequent transfers or keeping flexibility in moving funds between accounts.

For budget-conscious investors, SoFi Invest® might be more appealing due to its zero-dollar options contracts and lower margin rates; however, some may find Fidelity's lack of various additional fees more beneficial over time. By understanding these distinctions in fee structures, investors can make informed decisions about which platform aligns best with their financial strategies and investment preferences.

Feature Fidelity logoFidelity
SoFi Invest® logoSoFi Invest®
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.65 $0.00
Options Exercise Fee info $0.00 $5.00
Options Assignment Fee info $0.00 $5.00
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $20.00

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

When comparing day trading capabilities, Fidelity stands out as a more comprehensive option compared to SoFi Invest®. With Fidelity, traders benefit from streaming time and sales data for stocks and live TV streaming, enhancing the overall trading experience. In contrast, SoFi Invest® lacks these features, potentially limiting real-time market insights. Fidelity also supports direct market routing for stocks, giving traders more control over their trades. Although neither broker supports ladder trading, Fidelity takes the lead with the availability of trading hotkeys for quicker trade entries and detailed level 2 quotes, which are absent with SoFi Invest®.

Fidelity further enhances its appeal with basic strategy backtesting, allowing users to retrospectively test trading strategies, a feature not offered by SoFi Invest®. Both brokers lack advanced strategy backtesting and order liquidity rebates; however, for those interested in short selling, Fidelity provides a short locator tool to view real-time share availability, another capability missing from SoFi Invest®. Overall, Fidelity provides a more feature-rich platform for traders seeking extensive tools and functionalities, marking a clear advantage over SoFi Invest® for those who trade frequently during the day.

Feature Fidelity logoFidelity
SoFi Invest® logoSoFi Invest®
Streaming Time & Sales info Yes No
Streaming TV info Yes No
Direct Market Routing - Stocks info Yes No
Level 2 Quotes - Stocks info Yes No
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info No No
Short Locator info Yes No

Dive deeper: Best Day Trading Platforms for 2025

Market Research

When it comes to market research capabilities, Fidelity stands out as a strong contender compared to SoFi Invest®. Fidelity offers extensive research tools and resources, earning a 5-star rating for market research from platform reviewers and ranking #3 out of 15 brokers by StockBrokers.com. SoFi Invest®, on the other hand, provides minimal research options, resulting in a 0.5-star rating and a #15 ranking according to the same source. This stark contrast highlights Fidelity's comprehensive research offerings as a key selling point for more informed investing.

Fidelity offers research across various investment types including stocks, ETFs, mutual funds, pink sheets/OTCBB, and bonds. Their tools include 11 downloadable PDF stock research reports and research using social media sentiment data, as well as ESG research. In addition, Fidelity provides the ability to download PDF reports for ETFs, various screeners for trade ideas, and insights into portfolio allocation by asset class. Meanwhile, SoFi Invest® lacks similar in-depth resources, offering neither stock nor ETF nor mutual fund research, and does not support research with social media sentiment or ESG data.

Both Fidelity and SoFi Invest® allow users to view portfolio allocation by asset class, but Fidelity's research depth better supports investors in making well-rounded decisions. Fidelity's variety of market research tools, from screeners to downloadable reports, caters to more proactive investing approaches. In contrast, SoFi Invest® is limited in its market research offerings, which may suit new investors seeking a simpler platform but lacks the depth required for thorough market analysis.

Feature Fidelity logoFidelity
SoFi Invest® logoSoFi Invest®
Research - Stocks info Yes No
Screener - Stocks info Yes No
Research - ETFs info Yes No
Screener - ETFs info Yes No
Research - Mutual Funds info Yes No
Screener - Mutual Funds info Yes No
Research - Bonds info Yes No
Screener - Bonds info Yes No
Research 5/5 Stars 0.5/5 Stars

Banking

When comparing the banking capabilities of Fidelity and SoFi Invest®, some key differences and similarities emerge. SoFi Invest® offers checking and savings accounts, while Fidelity does not provide these options. Both platforms offer debit and credit cards, providing flexibility for everyday transactions. For those interested in additional financial services, both Fidelity and SoFi Invest® provide mortgage loan options. Additionally, Fidelity offers certificates of deposit (CDs) for those looking to invest in time-based savings products, whereas SoFi Invest® does not. This comparison highlights the complementary yet distinct banking features provided by each service.

Feature Fidelity logoFidelity
SoFi Invest® logoSoFi Invest®
Checking Accounts info No Yes
Savings Accounts info No Yes
Debit Cards info Yes Yes
Credit Cards info Yes Yes
Mortgage Loans info Yes Yes
CDs info Yes 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 Fidelity is better than SoFi Invest®. Fidelity finished with an overall score of 96.2%, while SoFi Invest® finished with a score of 64.6%.

Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools and an easy-to-use mobile app.

FAQs

Can you trade cryptocurrency with Fidelity or SoFi Invest®?

Fidelity supports cryptocurrency trading with access to 3 different coins, whereas SoFi Invest® does not offer cryptocurrency trading, providing no coins for trading.

Dive deeper: Best Online Brokers for Crypto Trading in 2025

Does Fidelity or SoFi Invest® offer IRAs?

Fidelity and SoFi Invest® both offer traditional and Roth IRA accounts, providing investors with options for retirement savings. While neither Fidelity nor SoFi Invest® charges an annual fee for IRA accounts, Fidelity stands out by not imposing any fees when closing an IRA account, in contrast to SoFi Invest®'s $20 closure fee.

Dive deeper: Best IRA Accounts for 2025

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Overall Rating Fidelity SoFi Invest®
Overall 5/5 Stars 3/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 1.5/5 Stars
Mobile Trading Apps 5/5 Stars 3.5/5 Stars
Research 5/5 Stars 0.5/5 Stars
Customer Service 4.5/5 Stars 4.5/5 Stars
Education 5/5 Stars 4.5/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review Fidelity Review SoFi Invest® Review
Broker Screenshots Fidelity 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 Fidelity SoFi Invest®
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info $0.00 N/A
Mutual Fund Trade Fee info Varies info $0
Options (Per Contract) info $0.65 $0.00
Futures (Per Contract) info (Not offered) $0.00
Broker Assisted Trade Fee info $32.95 N/A
Margin Rates Fidelity SoFi Invest®
Margin Rate Under $25,000 info 13.075% 11.25%
Margin Rate $25,000 to $49,999.99 info 12.575% 11.25%
Margin Rate $50,000 to $99,999.99 info 12.125% 11.25%
Margin Rate $100,000 to $249,999.99 info 11.575% 11.25%
Margin Rate $250,000 to $499,999.99 info 11.325% 11.25%
Margin Rate $500,000 to $999,999.99 info 9.00% 11.25%
Margin Rate Above $1,000,000 info 8.75% 11.25%
Account Fees Fidelity SoFi Invest®
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $20.00
Account Transfer Out (Partial) info $0.00 $100.00
Account Transfer Out (Full) info $0.00 $100.00
Options Exercise Fee info $0.00 $5.00
Options Assignment Fee info $0.00 $5.00
Investment Options Fidelity SoFi Invest®
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes Yes
OTC Stocks info Yes Yes
Options Trading info Yes Yes
Complex Options Max Legs info 4 0
Futures Trading info No No
Forex Trading info No No
Crypto Trading info Yes No info
Crypto Trading - Total Coins info 3 0
Mutual Funds (No Load) info 5843 0
Mutual Funds (Total) info 10000 6000
Bonds (US Treasury) info Yes No
Bonds (Corporate) info Yes No
Bonds (Municipal) info Yes No
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info Yes Yes
International Countries (Stocks) info 25 0
Order Types Fidelity SoFi Invest®
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes
Order Type - Stop info Yes No
Order Type - Trailing Stop info Yes No
Order Type - OCO info Yes No
Order Type - OTO info Yes No
Order Type - Broker Assisted info Yes No
Beginners Fidelity SoFi Invest®
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes Yes
Education (Bonds) info Yes Yes
Education (Retirement) info Yes Yes
Retirement Calculator info Yes No
Investor Dictionary info Yes Yes
Paper Trading info No No
Videos info Yes No
Webinars info Yes Yes
Webinars (Archived) info Yes Yes
Progress Tracking info Yes No
Interactive Learning - Quizzes info Yes No
Stock Trading Apps Fidelity SoFi Invest®
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes Yes
Trading - Simple Options info Yes No
Trading - Complex Options info Yes No
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes No
Stock App Features Fidelity SoFi Invest®
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info Yes 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 Yes No
Stock App Charting Fidelity SoFi Invest®
Charting - After-Hours info Yes No
Charting - Can Turn Horizontally info Yes No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 119 0
Charting - Study Customizations info Yes No
Charting - Stock Comparisons info Yes No
Trading Platforms Fidelity SoFi Invest®
Active Trading Platform info Active Trader Pro N/A
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info Yes No
Web Trading Platform info Yes Yes
Paper Trading info No No
Trade Journal info Yes No
Watch Lists - Total Fields info 92 3
Stock Chart Features Fidelity SoFi Invest®
Charting - Adjust Trades on Chart info Yes No
Charting - Indicators / Studies info 129 0
Charting - Drawing Tools info 38 0
Charting - Notes info Yes No
Charting - Index Overlays info Yes No
Charting - Historical Trades info Yes No
Charting - Corporate Events info Yes No
Charting - Custom Date Range info Yes No
Charting - Custom Time Bars info Yes No
Charting - Automated Analysis info Yes 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 Fidelity SoFi Invest®
Streaming Time & Sales info Yes No
Streaming TV info Yes No
Direct Market Routing - Stocks info Yes No
Ladder Trading info No No
Trade Hotkeys info Yes No
Level 2 Quotes - Stocks info Yes No
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info No No
Short Locator info Yes No
Order Liquidity Rebates info No No
Research Overview Fidelity SoFi Invest®
Research - Stocks info Yes No
Research - ETFs info Yes No
Research - Mutual Funds info Yes No
Research - Pink Sheets / OTCBB info Yes No
Research - Bonds info Yes No
Screener - Stocks info Yes No
Screener - ETFs info Yes No
Screener - Mutual Funds info Yes No
Screener - Bonds info Yes No
Misc - Portfolio Allocation info Yes Yes
Stock Research Fidelity SoFi Invest®
Stock Research - PDF Reports info 11 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 Fidelity SoFi Invest®
ETFs - Strategy Overview info Yes Yes
ETF Fund Facts - Inception Date info Yes No
ETF Fund Facts - Expense Ratio info Yes Yes
ETF Fund Facts - Net Assets info Yes No
ETF Fund Facts - Total Holdings info Yes No
ETFs - Top 10 Holdings info Yes Yes
ETFs - Sector Exposure info Yes No
ETFs - Risk Analysis info Yes No
ETFs - Ratings info Yes No
ETFs - Morningstar StyleMap info Yes No
ETFs - PDF Reports info Yes No
Mutual Fund Research Fidelity SoFi Invest®
Mutual Funds - Strategy Overview info Yes No
Mutual Funds - Performance Chart info Yes No
Mutual Funds - Performance Analysis info Yes No
Mutual Funds - Prospectus info Yes No
Mutual Funds - 3rd Party Ratings info Yes No
Mutual Funds - Fees Breakdown info Yes No
Mutual Funds - Top 10 Holdings info Yes No
Mutual Funds - Asset Allocation info Yes No
Mutual Funds - Sector Allocation info Yes No
Mutual Funds - Country Allocation info Yes No
Mutual Funds - StyleMap info Yes No
Options Trading Fidelity SoFi Invest®
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes No
Option Chains - Streaming info Yes No
Option Chains - Total Columns info 26 0
Option Chains - Greeks info 5 0
Option Chains - Quick Analysis info Yes No
Option Analysis - P&L Charts info Yes No
Option Probability Analysis info Yes No
Option Probability Analysis Adv info Yes No
Option Positions - Greeks info Yes No
Option Positions - Greeks Streaming info Yes No
Option Positions - Adv Analysis info Yes No
Option Positions - Rolling info Yes No
Option Positions - Grouping info Yes No
Banking Fidelity SoFi Invest®
Bank (Member FDIC) info No Yes
Checking Accounts info No Yes
Savings Accounts info No Yes
Credit Cards info Yes Yes
Debit Cards info Yes Yes
Mortgage Loans info Yes Yes
Customer Service Fidelity SoFi Invest®
Phone Support (Prospect Customers) info Yes Yes
Phone Support (Current Customers) info Yes Yes
Email Support info Yes No
Live Chat (Prospect Customers) info Yes Yes
Live Chat (Current Customers) info Yes Yes
24/7 Support info Yes No
Overall Fidelity SoFi Invest®
Overall 5/5 Stars 3/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 1.5/5 Stars
Mobile Trading Apps 5/5 Stars 3.5/5 Stars
Research 5/5 Stars 0.5/5 Stars
Education 5/5 Stars 4.5/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review Fidelity Review SoFi Invest® Review
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