Written by StockBrokers.com
In this head to head comparison of Merrill Edge vs SoFi Invest, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
When considering an online brokerage for your investment needs, Merrill Edge stands out with a rating of 4.5 stars for its comprehensive investment options, making it a strong contender in the industry with a #7 rank out of 18 brokers according to StockBrokers.com. In contrast, SoFi Invest offers a more simplified approach, reflected in its 3-star rating and #16 rank. Both platforms provide essential services such as stock and options trading, but Merrill Edge surpasses SoFi Invest in offering a broader selection of investment options, appealing to more seasoned investors.
Merrill Edge and SoFi Invest both provide solid foundations for stock and margin trading. They also enable access to mutual funds, OTC stocks, and options trading, catering to investors with various strategies and preferences. However, Merrill Edge distinguishes itself by offering advisor services, a critical factor for those seeking expert guidance in managing their portfolios. In terms of accessibility to fractional shares, SoFi Invest has the edge, appealing to investors interested in diversifying with smaller capital, whereas Merrill Edge does not offer this feature.
For IRA accounts, both Merrill Edge and SoFi Invest offer traditional and Roth IRA options, providing the flexibility needed for retirement planning. It is important to note that neither platform currently supports forex or futures trading, nor do they offer crypto trading opportunities, reflecting a focused approach on traditional asset classes. Investors should weigh these factors alongside their personal financial goals to determine which platform best meets their needs.
| 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 |
| Investment Options |
|
|
Dive deeper: Best Options Trading Platforms for 2024, Best Futures Trading Platforms for 2024
When comparing Merrill Edge and SoFi Invest in terms of trading platforms and tools, Merrill Edge clearly stands out as the superior option. Scoring 4.5 stars for its tools and platforms, Merrill Edge excels with features like 285-column watch lists, 105 technical indicators, and the ability to integrate and customize multiple chart elements. In contrast, SoFi Invest, which is rated at just 2.5 stars, falls short with only three columns for watch lists and no technical indicators for charting. Merrill Edge ranks 5th out of 18 brokers for trading platforms and tools, while SoFi Invest lags behind at 15th position.
Both Merrill Edge and SoFi Invest offer browser-based trading platforms but do not provide downloadable desktop options for Windows or Mac. Neither platform includes paper trading or trading journals, which might be a drawback for beginners seeking simulated trading experiences. However, Merrill Edge offers a more robust set of features for charting, including the ability to adjust open orders directly on a chart, add notes, index overlays, display corporate events, and set custom date ranges. These features are noticeably absent in SoFi Invest's offerings.
Chart customization further highlights the disparity between Merrill Edge and SoFi Invest. Merrill Edge supports up to 23 drawing tools and has eight customization fields when editing an SMA study. Additionally, it allows users to display historical trades, automated technical analysis, and save multiple chart profiles. In contrast, SoFi Invest doesn't offer any drawing tools or customization options for technical studies, making it less appealing for users who require detailed chart analysis. As such, Merrill Edge provides a far more comprehensive toolkit for traders who prioritize analytical depth and flexibility in their trading platforms.
| 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 |
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Dive deeper: Best Stock Brokers & Trading Platforms for 2024, Best Paper Trading Platforms for 2024
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Merrill Edge and SoFi Invest both offer comprehensive educational resources for beginner investors, including stock, ETF, options, mutual funds, and bonds education. While both platforms lack paper trading capabilities, Merrill Edge enhances its educational offerings with educational videos, webinars, and quizzes, garnering a perfect 5-star rating for investor education. In comparison, SoFi Invest provides educational resources through webinars but lacks videos and quizzes, earning a commendable 4.5-star rating.
In the realm of investor education, Merrill Edge stands out with a #2 ranking from StockBrokers.com among 18 brokers, reflecting its robust educational infrastructure. SoFi Invest, while not as highly ranked, achieves a respectable #7 position, highlighting its commitment to educating novice investors. Despite neither platform offering features to track learning progress, Merrill Edge's broader array of educational tools may appeal more to investors seeking an all-encompassing learning experience.
| 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 |
|
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Dive deeper: Best Stock Trading Platforms for Beginners of 2024
When considering the capabilities of stock trading apps, Merrill Edge clearly stands out compared to SoFi Invest. Rated 5 stars, Merrill Edge ranks #5 out of 18 brokers for stock trading apps according to StockBrokers.com, whereas SoFi Invest receives a 3-star rating and is positioned at #16. With strong features like mobile after-hours trading, options trading, streaming quotes, and stock alerts, Merrill Edge offers a comprehensive suite of tools for both novice and seasoned investors. SoFi Invest, on the other hand, lacks in several key trading features, making it a less robust choice for those seeking a versatile and comprehensive mobile trading experience.
Both Merrill Edge and SoFi Invest provide iPhone and Android apps, ensuring accessibility for users across major mobile platforms. However, neither offers an app for the Apple Watch or streaming live TV, and both fall short with videos on demand and after-hours charting. Where these platforms diverge is in their charting capabilities: Merrill Edge allows users to view charts in landscape mode, choose from 34 technical studies, and display stock comparisons, whereas SoFi Invest does not offer these functionalities. This difference in charting capabilities showcases Merrill Edge’s commitment to providing an in-depth analytical experience for its users.
In terms of customization, Merrill Edge users can create custom watch lists, a feature not available with SoFi Invest. However, neither platform offers customization for watch list columns. Both apps support viewing multiple time frames for charting, yet the lack of ability to customize for specific preferences leaves a gap in personalization. Overall, for those prioritizing advanced features such as detailed charting tools and personalized stock tracking capabilities, Merrill Edge’s app presents a more feature-rich and user-friendly experience compared to SoFi Invest.
| 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 |
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Dive deeper: Best Stock Trading Apps for 2024
When choosing between Merrill Edge and SoFi Invest for your investing needs, it's essential to consider their respective account fees and other charges. Merrill Edge shines with its $0.00 minimum deposit requirement and free regular stock trades, similar to SoFi Invest. However, for options contracts, Merrill Edge charges $0.65 per contract, while SoFi Invest offers them at no cost. Additionally, Merrill Edge has varying charges for margin balances, whereas SoFi Invest maintains a consistent rate of 11.25% for balances under $100,000. This comprehensive comparison highlights that Merrill Edge may provide greater flexibility in fee structures, whereas SoFi Invest could be more cost-effective in specific categories like options contracts and margin balance rates.
Merrill Edge provides users with competitive offerings, including zero IRA annual fees and a $49.95 IRA closure fee. SoFi Invest matches Merrill Edge's $0.00 IRA annual fee but charges a lower $20.00 for IRA closure. Furthermore, Merrill Edge gains an advantage in account transfers, offering free partial and full Account Transfers (ACAT), while SoFi Invest charges $100.00 for both types of transfers. This distinction could be a decisive factor for investors considering future brokerage account moves.
In the realm of options trading, Merrill Edge does not impose additional fees for options exercise and assignment, while SoFi Invest levies a $5.00 charge for each. These differences in transaction fees and scenarios can influence the decision of investors focused on options trading. Evaluating the competitive pricing and fee structures of Merrill Edge and SoFi Invest helps investors select the platform that best aligns with their trading activities and financial strategies. Understanding each broker's pricing dynamics ensures that investors can optimize their investment returns effectively.
| 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 |
| Commissions & Fees |
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Dive deeper: Best Free Trading Platforms for 2024
When evaluating the day trading capabilities of online brokers Merrill Edge and SoFi Invest, several distinctive features come into play. Notably, Merrill Edge stands out by offering streaming time and sales data for stocks and providing level 2 quotes, giving traders insights into market depth and order flow. This can be advantageous for day traders who require timely market information. In contrast, SoFi Invest does not offer these features, potentially limiting the tools available for active trading decisions. However, both platforms fall short in providing direct market routing, ladder trading, and trading hotkeys for swift trade execution, which are often crucial for serious day traders.
Another area of difference is in strategy backtesting capabilities. Merrill Edge offers a basic strategy backtesting feature which can be useful for traders looking to develop and refine their trading strategies. SoFi Invest, however, does not offer any form of strategy backtesting. Neither broker provides advanced strategy backtesting, a short locator tool for short selling, or order liquidity rebates, indicating that while Merrill Edge may offer more tools for day traders compared to SoFi Invest, both platforms have limitations that might make them less suited for high-frequency or highly active trading styles.
| 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 2024
When it comes to market research capabilities, Merrill Edge stands out significantly compared to SoFi Invest. Merrill Edge offers a comprehensive suite of research tools and reports across a variety of investment types, including stocks, ETFs, mutual funds, pink sheets, OTCBB, and bonds. In contrast, SoFi Invest lacks any dedicated research offerings in these areas, which contributes to its lower ranking and overall rating in market research, earning only 2 out of 5 stars. Merrill Edge's offering is robust, earning it 5 out of 5 stars and a commendable 4th place ranking among 18 brokers according to StockBrokers.com. Meanwhile, SoFi Invest trails at the bottom, ranked 18th for market research capabilities.
Merrill Edge provides investors with the ability to access detailed insights, including three downloadable PDF research reports for stocks and additional reports for ETFs and mutual funds. The platform also offers various screeners for trade ideas in stocks, ETFs, mutual funds, and bonds. Furthermore, Merrill Edge provides ESG (Environmental, Social, and Governance) research, although it does not utilize social media sentiment data for stock research. With the capability to view portfolio allocation by asset class, Merrill Edge enables investors to make informed decisions based on solid data and thorough analysis.
In sharp contrast, SoFi Invest does not offer any downloadable research reports for stocks, ETFs, or mutual funds. Similarly, it lacks screening tools and ESG research, and like Merrill Edge, does not incorporate social media sentiment data into their stock research offering. While SoFi Invest matches Merrill Edge in providing tools for viewing portfolio allocation by asset class, its absence of detailed research features limits its ability to support investors making informed, research-based decisions. Ultimately, Merrill Edge caters to those seeking in-depth analysis and comprehensive research support, while SoFi Invest is better suited for those who prioritize basic investment management without the need for extensive market research tools.
| 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 |
|
|
When comparing Merrill Edge to SoFi Invest in terms of banking capabilities, both platforms offer a comprehensive range of services to meet diverse financial needs. Merrill Edge and SoFi Invest each provide checking and savings accounts, allowing customers to manage their day-to-day finances and save for future goals. Both services extend the convenience of debit and credit cards, facilitating easy access to funds and credit. Additionally, they offer mortgage loans, enabling customers to finance their homes. However, a notable difference is found in the availability of Certificates of Deposit (CDs); Merrill Edge includes CDs as part of its product lineup, whereas SoFi Invest does not currently offer this option. This distinction may influence customers seeking fixed-term savings vehicles in choosing between these two online brokerage platforms.
| 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 2024
After opening live accounts and testing 18 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 94.0%, while SoFi Invest finished with a score of 73.7%.
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.
Merrill Edge and SoFi Invest both do not offer cryptocurrency trading, providing zero coins for crypto enthusiasts on their respective platforms.
Dive deeper: Best Online Brokers for Crypto Trading in 2024
Both Merrill Edge and SoFi Invest offer traditional and Roth IRA accounts with no annual fees; however, when closing an IRA account, Merrill Edge charges a $49.95 closure fee, whereas SoFi Invest charges $20.00.
Dive deeper: Best IRA Accounts for 2024
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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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| Review | Merrill Edge Review | SoFi Invest Review |
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