Written by StockBrokers.com
In this head to head comparison of Merrill Edge 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 Merrill Edge and SoFi Invest® in terms of investment options, it's evident that both platforms offer a spectrum of choices, but Merrill Edge takes the lead in overall range. Specifically, Merrill Edge is ranked #7 out of 16 brokers by StockBrokers.com for the range of investments, with a rating of 4.5 stars. Meanwhile, SoFi Invest® is ranked #14, garnering 3.5 stars. This suggests Merrill Edge might be more suitable for investors who prioritize variety in investment vehicles.
Merrill Edge and SoFi Invest® both support stock, margin, mutual funds, options, and over-the-counter (OTC) stock trading, offering traditional and Roth IRA accounts as well as advisor services. However, where the two platforms distinctively differ is in fractional share trading—a feature available through SoFi Invest® but lacking in Merrill Edge. Both platforms do not offer crypto trading, futures, or forex trading, with each providing a straightforward, no-frills trading experience geared towards more traditional investment options.
For investors keen on diving into fractional shares, SoFi Invest® can be a viable option, allowing you to invest in slices of stocks. Conversely, those who value a broader spectrum of investment choices might find Merrill Edge appealing due to its higher ranking and better rating for investment range. Balancing your investment goals with the features available on each platform will help in selecting the right broker for you.
| Feature |
Merrill Edge
|
SoFi Invest®
|
|---|---|---|
| Stock Trading | Yes | Yes |
| Margin Trading | Yes | Yes |
| Fractional Shares | No | Yes |
| OTC Stocks | Yes | Yes |
| Mutual Funds | Yes | Yes |
| Options Trading | Yes | Yes |
| Futures Trading | No | No |
| Crypto Trading | No | No |
| Crypto Trading - Total Coins | 0 | 0 |
| Range of Investments |
|
|
Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025
When comparing Merrill Edge and SoFi Invest® for their trading platforms and tools, Merrill Edge emerges as the more comprehensive option for investors. Offering a top-tier browser-based trading platform, Merrill Edge provides 285 fields for watchlists, an abundance of features like 105 technical indicators, 23 drawing tools, and the capability to customize and analyze charts extensively. On the other hand, SoFi Invest®, while accessible through its browser-based platform, offers a minimalist approach with basic features, limited to only three fields for watchlists and no technical indicators or drawing tools.
Both platforms lack downloadable options for Windows and Mac, but Merrill Edge distinguishes itself by offering advanced charting tools that include the ability to adjust open orders directly on charts, display historical trades, corporate events, and include automated technical analysis. Although neither platform offers paper trading or a trading journal, Merrill Edge's comprehensive set of charting features makes it a preferred choice for serious traders looking to delve into stock analysis, while SoFi Invest® may appeal to users who prefer simplicity and are new to investing.
In ratings, Merrill Edge earns 4 out of 5 stars and ranks 6th out of 16 brokers for trading platforms and tools, according to StockBrokers.com. Meanwhile, SoFi Invest® receives a 1.5-star rating and sits at the bottom of the list. These distinctions underscore Merrill Edge's strong appeal to traders seeking a broad array of tools, while SoFi Invest® may serve users looking for a more straightforward, no-frills platform.
| Feature |
Merrill Edge
|
SoFi Invest®
|
|---|---|---|
| Web Trading Platform | Yes | Yes |
| Desktop Trading Platform | No | No |
| Desktop Platform (Mac) | No | No |
| Paper Trading | No | No |
| Watch Lists - Total Fields | 285 | 3 |
| Charting - Indicators / Studies | 105 | 0 |
| Charting - Drawing Tools | 23 | 0 |
| Platforms & Tools |
|
|
Dive deeper: 7 Best Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025
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Merrill Edge and SoFi Invest® both provide comprehensive educational resources for new and seasoned investors. With a focus on stock, ETF, options, mutual funds, and bonds education, both platforms cater to a diverse learning audience. In addition, while Merrill Edge enriches its resources with educational videos, webinars, and interactive quizzes, SoFi Invest® supplements its educational offerings with webinars, though it lacks the video and quiz elements. Neither platform currently offers paper trading or progress tracking features, which might limit hands-on practice for beginners.
Despite these distinctions, both Merrill Edge and SoFi Invest® have garnered a strong reputation in investor education, each earning a 4.5-star rating. According to StockBrokers.com, Merrill Edge holds a slightly higher educational ranking at #5 out of 16 brokers, compared to SoFi Invest® at #6. This subtle ranking difference indicates both platforms' commitment to education while also highlighting Merrill Edge's slight edge in the breadth of learning tools available.
| Feature |
Merrill Edge
|
SoFi Invest®
|
|---|---|---|
| Education (Stocks) | Yes | Yes |
| Education (ETFs) | Yes | Yes |
| Education (Options) | Yes | Yes |
| Education (Mutual Funds) | Yes | Yes |
| Education (Bonds) | Yes | Yes |
| Paper Trading | No | No |
| Videos | Yes | No |
| Webinars | Yes | Yes |
| Education |
|
|
Dive deeper: Best Stock Trading Platforms for Beginners of 2025
When comparing the stock trading apps of Merrill Edge and SoFi Invest®, Merrill Edge comes out ahead with a rating of 4.5 stars, ranking #6 out of 16 brokers according to StockBrokers.com. On the other hand, SoFi Invest® is rated at 3.5 stars and is placed at #16 in the same ranking. Merrill Edge stands out for offering a comprehensive suite of features essential for active traders, while SoFi Invest® may appeal to those just starting out with a less feature-rich experience.
Both Merrill Edge and SoFi Invest® offer standard iPhone and Android apps, ensuring compatibility with the most common devices. However, neither platform offers an Apple Watch app or the ability to stream live TV or videos on demand. Merrill Edge sets itself apart with mobile after-hours stock trading, mobile options trading, streaming quotes, stock alerts, and the ability to create custom watch lists. In contrast, SoFi Invest® lacks these advanced trading capabilities, which may affect users who need extensive trading tools.
Charting capabilities further differentiate the two apps. Merrill Edge users can view charts in landscape mode, display stock comparisons, and select from 34 technical studies. Furthermore, both platforms allow viewing multiple time frames for charting. The lack of technical studies and custom chart features in SoFi Invest® may limit in-depth market analysis for traders. Overall, Merrill Edge offers a more comprehensive toolset for investors seeking detailed market insights and flexibility in trading.
| Feature |
Merrill Edge
|
SoFi Invest®
|
|---|---|---|
| iPhone App | Yes | Yes |
| Android App | Yes | Yes |
| Apple Watch App | No | No |
| Stock Alerts | Yes | No |
| Charting - After-Hours | No | No |
| Charting - Technical Studies | 34 | 0 |
| Mobile Trading Apps |
|
|
Dive deeper: Best Stock Trading Apps for 2025
When comparing Merrill Edge to SoFi Invest® on account fees and other charges, Merrill Edge stands out with a zero-dollar minimum deposit requirement, making it immediately accessible to new investors. In contrast, SoFi Invest® requires a $5.00 minimum deposit, which, while still low, establishes a slight barrier to entry. Both platforms offer commission-free stock trading, providing cost-effective options for those looking to trade stocks without incurring additional fees. However, Merrill Edge charges $0.65 per options contract, while SoFi Invest® offers options trading at no additional cost, which could be attractively suited for investors with a focus on options trading.
Regarding margin balances, fees for Merrill Edge vary depending on the account size, while SoFi Invest® maintains a consistent rate of 11.25% across varying balance tiers. This means that Merrill Edge might be more beneficial or less predictable in terms of cost for margin traders, depending on broader market circumstances or specific account balances. For individual retirement accounts (IRAs), both platforms provide the advantage of zero annual fees, but Merrill Edge charges $49.95 for IRA closures compared to SoFi Invest®, which only charges $20. SoFi Invest® thus offers a more affordable option for closing an IRA.
Account transfers highlight divergence in costs between the two brokers: Merrill Edge doesn't charge for partial or full transfers, appealing to those who prioritize flexibility in moving investments. On the other hand, SoFi Invest® imposes a $100 fee for both partial and full transfers, representing a significant consideration for investors who anticipate changing brokerages. Additionally, while Merrill Edge does not charge fees for options exercise or assignment, SoFi Invest® applies a $5.00 fee for each. These various charges and fees underscore different strengths and considerations for investors selecting between these two platforms based on their personal trading behavior and financial strategies.
| Feature |
Merrill Edge
|
SoFi Invest®
|
|---|---|---|
| Minimum Deposit | $0.00 | $5.00 |
| Stock Trades | $0.00 | $0.00 |
| Options (Per Contract) | $0.65 | $0.00 |
| Options Exercise Fee | $0.00 | $5.00 |
| Options Assignment Fee | $0.00 | $5.00 |
| IRA Annual Fee | $0.00 | $0.00 |
| IRA Closure Fee | $49.95 | $20.00 |
Dive deeper: Best Free Trading Platforms for 2025
When comparing Merrill Edge and SoFi Invest® for day trading, there's a distinct difference in the tools available for traders. Merrill Edge offers key features like streaming time and sales for stocks, and access to level 2 quotes, which can provide traders with a clearer picture of market dynamics and stock pricing. Additionally, users at Merrill Edge benefit from basic strategy backtesting, allowing them to test their trading approaches before putting them into action. These features cater to traders who are interested in analyzing detailed market data and testing their trading strategies.
On the other hand, SoFi Invest® lacks several features that could be beneficial for day trading, such as streaming time and sales for stocks, level 2 quotes, and any type of strategy backtesting, whether basic or advanced. Both Merrill Edge and SoFi Invest® share some limitations, such as the unavailability of direct market routing, ladder trading, trading hotkeys, and more advanced trading tools like a short locator tool or order liquidity rebates. For day traders who prioritize in-depth market analysis and strategy testing, Merrill Edge may offer a more suitable choice over SoFi Invest®. However, for those who are content with a more simplified trading environment, SoFi Invest® remains an accessible option.
| Feature |
Merrill Edge
|
SoFi Invest®
|
|---|---|---|
| Streaming Time & Sales | Yes | No |
| Streaming TV | No | No |
| Direct Market Routing - Stocks | No | No |
| Level 2 Quotes - Stocks | Yes | No |
| Trade Ideas - Backtesting | Yes | No |
| Trade Ideas - Backtesting Adv | No | No |
| Short Locator | No | No |
Dive deeper: Best Day Trading Platforms for 2025
When it comes to market research capabilities, Merrill Edge clearly outpaces SoFi Invest®. With a comprehensive range of research options and tools, Merrill Edge offers extensive insights into stocks, ETFs, mutual funds, and bonds, making it a go-to choice for investors focused on in-depth market analysis. Conversely, SoFi Invest® lacks this breadth of resources, providing minimal support for investors seeking detailed research. As a result, Merrill Edge garners high ratings and a top-tier ranking in comparison to SoFi Invest®, which trails significantly.
At Merrill Edge, investors have access to a variety of research tools, including in-depth stock, ETF, mutual fund, and bond analyses. This comprehensive approach helps users make informed decisions, further reinforced by a suite of downloadable PDF reports. Additionally, Merrill Edge provides screeners for trade ideas across different asset classes, alongside a useful portfolio allocation viewer. On the other hand, SoFi Invest® does offer basic portfolio allocation tools but lacks the rich data and screening options that Merrill Edge provides.
One of the critical differentiators is Merrill Edge's commitment to ESG (Environmental, Social, and Governance) research, a vital factor for socially conscious investors. Although neither platform incorporates social media sentiment data into their stock research, Merrill Edge's three PDF reports substantially contribute to its superior market research offering. As per StockBrokers.com rankings, Merrill Edge's diverse research capabilities position it at #5 out of 16 brokers, whereas SoFi Invest® sits at the bottom of the list, highlighting the disparity in research depth and investor support between the two platforms.
| Feature |
Merrill Edge
|
SoFi Invest®
|
|---|---|---|
| Research - Stocks | Yes | No |
| Screener - Stocks | Yes | No |
| Research - ETFs | Yes | No |
| Screener - ETFs | Yes | No |
| Research - Mutual Funds | Yes | No |
| Screener - Mutual Funds | Yes | No |
| Research - Bonds | Yes | No |
| Screener - Bonds | Yes | No |
| Research |
|
|
Merrill Edge and SoFi Invest® both offer a range of banking services that include checking and savings accounts, debit and credit cards, and mortgage loans, providing a one-stop solution for various financial needs. However, a key difference between the two lies in their offerings of Certificates of Deposit (CDs). While Merrill Edge provides CD options, SoFi Invest® does not. This distinction might be important for investors looking to diversify with CD investments. Both platforms present comprehensive banking capabilities, making them suitable options depending on personal preferences and specific financial goals.
| Feature |
Merrill Edge
|
SoFi Invest®
|
|---|---|---|
| Checking Accounts | Yes | Yes |
| Savings Accounts | Yes | Yes |
| Debit Cards | Yes | Yes |
| Credit Cards | Yes | Yes |
| Mortgage Loans | Yes | Yes |
| CDs | Yes | No |
Dive deeper: Best Bank Accounts for Trading Stocks for 2025
After opening live accounts and testing 16 of the best online brokers, our research and live account testing finds that Merrill Edge is better than SoFi Invest®. Merrill Edge finished with an overall score of 92.7%, while SoFi Invest® finished with a score of 64.6%.
Merrill Edge and its parent, Bank of America, make for a well-rounded offering, with $0 trades, robust research, reliable customer service; and its Stock Stories and Fund Stories are an industry standout. There are some gaps in investment offerings, including crypto and futures.
While neither Merrill Edge nor SoFi Invest® offers crypto trading options, both platforms provide a wide array of investment opportunities and resources, catering to different financial needs and preferences despite their lack of cryptocurrency offerings.
Dive deeper: Best Online Brokers for Crypto Trading in 2025
Both Merrill Edge and SoFi Invest® offer traditional and Roth IRA accounts with no annual fees, but Merrill Edge charges a $49.95 closure fee compared to SoFi Invest®'s $20.00 fee.
Dive deeper: Best IRA Accounts for 2025
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| Review | Merrill Edge Review | SoFi Invest® Review |
| Broker Screenshots | Merrill Edge | SoFi Invest® | |
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| Trading Fees | Merrill Edge | SoFi Invest® | |
|---|---|---|---|
| Minimum Deposit | $0.00 | $5.00 | |
| Stock Trades | $0.00 | $0.00 | |
| Penny Stock Fees (OTC) | N/A | N/A | |
| Mutual Fund Trade Fee | Varies | $0 | |
| Options (Per Contract) | $0.65 | $0.00 | |
| Futures (Per Contract) | (Not offered) | $0.00 | |
| Broker Assisted Trade Fee | $29.95 | N/A |
| Margin Rates | Merrill Edge | SoFi Invest® | |
|---|---|---|---|
| Margin Rate Under $25,000 | Varies | 11.25% | |
| Margin Rate $25,000 to $49,999.99 | Varies | 11.25% | |
| Margin Rate $50,000 to $99,999.99 | Varies | 11.25% | |
| Margin Rate $100,000 to $249,999.99 | Varies | 11.25% | |
| Margin Rate $250,000 to $499,999.99 | Varies | 11.25% | |
| Margin Rate $500,000 to $999,999.99 | Varies | 11.25% | |
| Margin Rate Above $1,000,000 | Varies | 11.25% |
| Account Fees | Merrill Edge | SoFi Invest® | |
|---|---|---|---|
| IRA Annual Fee | $0.00 | $0.00 | |
| IRA Closure Fee | $49.95 | $20.00 | |
| Account Transfer Out (Partial) | $0.00 | $100.00 | |
| Account Transfer Out (Full) | $0.00 | $100.00 | |
| Options Exercise Fee | $0.00 | $5.00 | |
| Options Assignment Fee | $0.00 | $5.00 |
| Investment Options | Merrill Edge | SoFi Invest® | |
|---|---|---|---|
| Stock Trading | Yes | Yes | |
| Margin Trading | Yes | Yes | |
| Fractional Shares | No | Yes | |
| OTC Stocks | Yes | Yes | |
| Options Trading | Yes | Yes | |
| Complex Options Max Legs | 4 | 0 | |
| Futures Trading | No | No | |
| Forex Trading | No | No | |
| Crypto Trading | No | No | |
| Crypto Trading - Total Coins | 0 | 0 | |
| Mutual Funds (No Load) | 2952 | 0 | |
| Mutual Funds (Total) | 3466 | 6000 | |
| Bonds (US Treasury) | Yes | No | |
| Bonds (Corporate) | Yes | No | |
| Bonds (Municipal) | Yes | No | |
| Traditional IRAs | Yes | Yes | |
| Roth IRAs | Yes | Yes | |
| Advisor Services | Yes | Yes | |
| International Countries (Stocks) | 0 | 0 |
| Order Types | Merrill Edge | SoFi Invest® | |
|---|---|---|---|
| Order Type - Market | Yes | Yes | |
| Order Type - Limit | Yes | Yes | |
| Order Type - After Hours | Yes | 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 | Yes | No |
| Beginners | Merrill Edge | SoFi Invest® | |
|---|---|---|---|
| Education (Stocks) | Yes | Yes | |
| Education (ETFs) | Yes | Yes | |
| Education (Options) | Yes | Yes | |
| Education (Mutual Funds) | Yes | Yes | |
| Education (Bonds) | Yes | Yes | |
| Education (Retirement) | Yes | Yes | |
| Retirement Calculator | Yes | No | |
| Investor Dictionary | Yes | Yes | |
| Paper Trading | No | No | |
| Videos | Yes | No | |
| Webinars | Yes | Yes | |
| Webinars (Archived) | Yes | Yes | |
| Progress Tracking | No | No | |
| Interactive Learning - Quizzes | Yes | No |
| Stock Trading Apps | Merrill Edge | SoFi Invest® | |
|---|---|---|---|
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Apple Watch App | No | No | |
| Trading - Stocks | Yes | Yes | |
| Trading - After-Hours | Yes | Yes | |
| Trading - Simple Options | Yes | No | |
| Trading - Complex Options | Yes | No | |
| Order Ticket RT Quotes | Yes | Yes | |
| Order Ticket SRT Quotes | No | No |
| Stock App Features | Merrill Edge | SoFi Invest® | |
|---|---|---|---|
| Market Movers (Top Gainers) | Yes | Yes | |
| Stream Live TV | No | No | |
| Videos on Demand | No | 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 | Merrill Edge | SoFi Invest® | |
|---|---|---|---|
| Charting - After-Hours | No | No | |
| Charting - Can Turn Horizontally | Yes | No | |
| Charting - Multiple Time Frames | Yes | Yes | |
| Charting - Technical Studies | 34 | 0 | |
| Charting - Study Customizations | Yes | No | |
| Charting - Stock Comparisons | Yes | No |
| Trading Platforms | Merrill Edge | SoFi Invest® | |
|---|---|---|---|
| Active Trading Platform | Merrill Edge Market Pro | N/A | |
| Desktop Trading Platform | No | No | |
| Desktop Platform (Mac) | No | No | |
| Web Trading Platform | Yes | Yes | |
| Paper Trading | No | No | |
| Trade Journal | No | No | |
| Watch Lists - Total Fields | 285 | 3 |
| Stock Chart Features | Merrill Edge | SoFi Invest® | |
|---|---|---|---|
| Charting - Adjust Trades on Chart | Yes | No | |
| Charting - Indicators / Studies | 105 | 0 | |
| Charting - Drawing Tools | 23 | 0 | |
| Charting - Notes | Yes | No | |
| Charting - Index Overlays | Yes | No | |
| Charting - Historical Trades | Yes | No | |
| Charting - Corporate Events | Yes | No | |
| Charting - Custom Date Range | Yes | No | |
| Charting - Custom Time Bars | Yes | No | |
| Charting - Automated Analysis | Yes | No | |
| Charting - Save Profiles | Yes | No | |
| Trade Ideas - Technical Analysis | Yes | No | |
| Charting - Study Customizations | 8 | 0 | |
| Charting - Custom Studies | No | No |
| Day Trading | Merrill Edge | 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 | Yes | No | |
| Trade Ideas - Backtesting | Yes | No | |
| Trade Ideas - Backtesting Adv | No | No | |
| Short Locator | No | No | |
| Order Liquidity Rebates | No | No |
| Research Overview | Merrill Edge | SoFi Invest® | |
|---|---|---|---|
| Research - Stocks | Yes | No | |
| Research - ETFs | Yes | No | |
| Research - Mutual Funds | Yes | No | |
| Research - Pink Sheets / OTCBB | Yes | No | |
| Research - Bonds | Yes | No | |
| Screener - Stocks | Yes | No | |
| Screener - ETFs | Yes | No | |
| Screener - Mutual Funds | Yes | No | |
| Screener - Bonds | Yes | No | |
| Misc - Portfolio Allocation | Yes | Yes |
| Stock Research | Merrill Edge | SoFi Invest® | |
|---|---|---|---|
| Stock Research - PDF Reports | 3 | 0 | |
| Stock Research - Earnings | Yes | No | |
| Stock Research - Insiders | Yes | No | |
| Stock Research - Social | No | No | |
| Stock Research - News | Yes | Yes | |
| Stock Research - ESG | Yes | No | |
| Stock Research - SEC Filings | Yes | No |
| ETF Research | Merrill Edge | SoFi Invest® | |
|---|---|---|---|
| ETFs - Strategy Overview | Yes | Yes | |
| ETF Fund Facts - Inception Date | Yes | No | |
| ETF Fund Facts - Expense Ratio | Yes | Yes | |
| ETF Fund Facts - Net Assets | Yes | No | |
| ETF Fund Facts - Total Holdings | Yes | No | |
| ETFs - Top 10 Holdings | Yes | Yes | |
| ETFs - Sector Exposure | Yes | No | |
| ETFs - Risk Analysis | Yes | No | |
| ETFs - Ratings | Yes | No | |
| ETFs - Morningstar StyleMap | Yes | No | |
| ETFs - PDF Reports | Yes | No |
| Mutual Fund Research | Merrill Edge | SoFi Invest® | |
|---|---|---|---|
| Mutual Funds - Strategy Overview | Yes | No | |
| Mutual Funds - Performance Chart | Yes | No | |
| Mutual Funds - Performance Analysis | Yes | No | |
| Mutual Funds - Prospectus | Yes | No | |
| Mutual Funds - 3rd Party Ratings | Yes | No | |
| Mutual Funds - Fees Breakdown | Yes | No | |
| Mutual Funds - Top 10 Holdings | Yes | No | |
| Mutual Funds - Asset Allocation | Yes | No | |
| Mutual Funds - Sector Allocation | Yes | No | |
| Mutual Funds - Country Allocation | Yes | No | |
| Mutual Funds - StyleMap | Yes | No |
| Options Trading | Merrill Edge | SoFi Invest® | |
|---|---|---|---|
| Option Chains - Basic View | Yes | Yes | |
| Option Chains - Strategy View | Yes | No | |
| Option Chains - Streaming | Yes | No | |
| Option Chains - Total Columns | 68 | 0 | |
| Option Chains - Greeks | 5 | 0 | |
| Option Chains - Quick Analysis | Yes | No | |
| Option Analysis - P&L Charts | Yes | No | |
| Option Probability Analysis | Yes | No | |
| Option Probability Analysis Adv | No | No | |
| Option Positions - Greeks | Yes | No | |
| Option Positions - Greeks Streaming | Yes | No | |
| Option Positions - Adv Analysis | Yes | No | |
| Option Positions - Rolling | Yes | No | |
| Option Positions - Grouping | Yes | No |
| Banking | Merrill Edge | SoFi Invest® | |
|---|---|---|---|
| Bank (Member FDIC) | Yes | Yes | |
| Checking Accounts | Yes | Yes | |
| Savings Accounts | Yes | Yes | |
| Credit Cards | Yes | Yes | |
| Debit Cards | Yes | Yes | |
| Mortgage Loans | Yes | Yes |
| Customer Service | Merrill Edge | SoFi Invest® | |
|---|---|---|---|
| Phone Support (Prospect Customers) | Yes | Yes | |
| Phone Support (Current Customers) | Yes | Yes | |
| Email Support | No | No | |
| Live Chat (Prospect Customers) | Yes | Yes | |
| Live Chat (Current Customers) | Yes | Yes | |
| 24/7 Support | Yes | No |
| Overall | Merrill Edge | SoFi Invest® | |
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| Winner | check_circle | ||
| Review | Merrill Edge Review | SoFi Invest® Review |
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