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Robinhood vs SoFi Invest® 2025

StockBrokers.com

Written by StockBrokers.com

February 20, 2025

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

Robinhood
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00
SoFi Invest®
3/5 Stars Overall
  • Minimum Deposit: $5.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00

Range of investments

When it comes to comparing online brokers, both Robinhood and SoFi Invest® have carved out their niches in the investment space. They share many similarities, with each offering stock trading, options trading, and the convenience of fractional shares. Both platforms provide access to traditional and Roth IRA accounts, catering to those planning for retirement. However, they differ in other offerings: Robinhood provides crypto trading with 22 available coins, while SoFi Invest® includes over-the-counter (OTC) stock trading and mutual funds in its repertoire. Despite these distinct features, both platforms earn a 3.5-star rating for their range of investments, reflecting their comprehensive yet balanced offerings in the industry.

Robinhood caters to the tech-savvy investor who’s keen on engaging in crypto trading while also interested in stock market activities. With its user-friendly interface, the platform is especially appealing to younger investors. However, it lacks access to OTC stocks and mutual funds, which are available through SoFi Invest®. SoFi Invest®, on the other hand, extends its services by providing access to advisor services, a feature unavailable with Robinhood, making it a considerable choice for investors seeking guidance or looking for a diversified portfolio with mutual funds and OTC stocks.

Despite Robinhood being ranked slightly higher by StockBrokers.com at #13 compared to SoFi Invest®'s #14 in terms of the range of investments, both brokers present solid options for different types of investors. Whether you're drawn to Robinhood's crypto offerings or SoFi Invest®'s more diversified traditional investments and advisory services, each platform has its own strengths tailored to varying investment needs and strategies.

Feature Robinhood logoRobinhood
SoFi Invest® logoSoFi Invest®
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes Yes
OTC Stocks info No Yes
Mutual Funds info No Yes
Options Trading info Yes Yes
Futures Trading info No No
Crypto Trading info Yes info No info
Crypto Trading - Total Coins info 22 0
Range of Investments 3.5/5 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 Robinhood and SoFi Invest® for your trading needs, the platforms each offer different strengths. Robinhood stands out with a higher rating of 3.5 stars for trading platforms and tools, compared to SoFi Invest®'s 1.5 stars. This places Robinhood at 9th place among 16 brokers in a StockBrokers.com ranking, while SoFi Invest® lags behind at 16th place. Both platforms lack desktop download options but provide browser-based trading, yet Robinhood offers more comprehensive charting tools and options for users who prioritize advanced trading features.

Robinhood shines when it comes to chart-related functionalities, providing 16 technical indicators and 23 drawing tools. It allows users to make chart annotations, add index overlays, and adjust open orders directly on a stock chart. Furthermore, Robinhood enables customization of date ranges and saving multiple chart profiles, catering to users who value these capabilities in their trading experience. Conversely, SoFi Invest® falls short in these areas, with no technical indicators, drawing tools, or chart customization options, which limits its appeal to those seeking more sophisticated analytical capabilities.

Despite neither Robinhood nor SoFi Invest® supporting desktop applications or paper trading, Robinhood's capacity to meet the needs of more detail-oriented traders emerges as a key differentiator. It provides the necessary tools that enhance the trading experience by accommodating chart customizations and various analytical tools. On the other hand, SoFi Invest® may suit those who prefer simplicity but does not provide the same level of analytical depth or customization as Robinhood.

Feature Robinhood logoRobinhood
SoFi Invest® logoSoFi Invest®
Web Trading Platform info Yes Yes
Desktop Trading Platform info No No
Desktop Platform (Mac) info No No
Paper Trading info No No
Watch Lists - Total Fields info 3 3
Charting - Indicators / Studies info 16 0
Charting - Drawing Tools info 23 0
Platforms & Tools 3.5/5 Stars 1.5/5 Stars

Dive deeper: 7 Best Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025

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Beginners and education

When comparing the educational offerings of Robinhood and SoFi Invest® for beginner investors, both platforms provide educational resources on stocks, ETFs, and options. However, SoFi Invest® extends its educational reach to mutual funds and bonds, unlike Robinhood. Both platforms offer webinars, but neither currently provides educational videos, quizzes, or the ability to track learning progress. Notably, neither Robinhood nor SoFi Invest® offers paper trading, which allows new investors to practice trading without risking real money.

In terms of educational ratings, SoFi Invest® slightly outpaces Robinhood with a 4.5-star rating compared to Robinhood's 4-star rating. According to StockBrokers.com rankings, SoFi Invest® also stands higher at #6 among 16 brokers for education, while Robinhood is ranked at #9. This suggests that while Robinhood offers a solid foundation for learning, SoFi Invest® provides a wider array of educational content, making it slightly more favorable for those beginning their investment journey.

Feature Robinhood logoRobinhood
SoFi Invest® logoSoFi Invest®
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info No Yes
Education (Bonds) info No Yes
Paper Trading info No No
Videos info No No
Webinars info Yes Yes
Education 4/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

When comparing Robinhood and SoFi Invest® for their stock trading app capabilities, Robinhood emerges as the stronger choice for most users, particularly those interested in a range of features and greater flexibility. Rated 4.5 stars and ranked #7 out of 16 brokers by StockBrokers.com, Robinhood offers comprehensive tools like mobile after-hours trading, mobile options trading, and the ability to create and customize watch lists. SoFi Invest®, while user-friendly, scores 3.5 stars and holds the last place in the rankings, indicating a more basic set of features.

Both Robinhood and SoFi Invest® provide apps for iPhone and Android devices, allowing users to trade on the go. However, Robinhood extends its reach with an Apple Watch app, offering more versatility to tech-savvy users. Additionally, Robinhood offers stock alerts and streaming quotes, crucial for active traders seeking real-time updates. Neither platform provides streaming live TV or videos on demand, yet Robinhood compensates with enhanced charting options, unlike SoFi Invest® which lacks technical studies and after-hours charting capabilities.

Charting features further differentiate the two platforms, as Robinhood includes six technical studies and supports multiple time frames, although both apps fall short on landscape charting and stock comparison displays. Overall, Robinhood's offering appeals to those needing detailed analytics and around-the-clock trading access, while SoFi Invest® might cater to investors focused on fundamental investment without extensive technical analysis and trade flexibility.

Feature Robinhood logoRobinhood
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 6 0
Mobile Trading Apps 4.5/5 Stars 3.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

When comparing Robinhood and SoFi Invest®, users will find that both platforms cater to budget-conscious investors with their zero-cost stock trades and options contracts. However, key differences emerge in their fee structures for other services and margin trading, which prospective users should carefully consider when making a choice between these two popular platforms.

Robinhood stands out with its fee-free structure for regular trading activities and ease of entry with no minimum deposit required. This platform is particularly appealing for traders interested in options trading without additional costs, given its zero options exercise and assignment fees. Additionally, Robinhood's margin interest rates are significantly more attractive, especially for balances over $50,000, with rates starting at 5.55%, making it a cost-effective choice for users engaged in margin trading.

Meanwhile, SoFi Invest® charges a modest $5.00 minimum deposit, making it slightly more expensive to start investing than Robinhood. Despite matching Robinhood in offering free stock trades, SoFi Invest® incurs a $5.00 fee for both options exercises and assignments. Users should also be aware of SoFi Invest®’s higher margin rates of 11.25% across all balance tiers below $100,000. However, SoFi Invest® does not charge for partial or full account transfers, aligning with Robinhood on these costs, but incurs a $20 fee for IRA closures. Each platform has its strengths, so choosing between them largely depends on individual investment strategies and priorities.

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

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

When comparing Robinhood and SoFi Invest® for day trading, both platforms have similar limitations in features that might be crucial for active traders. Neither offers streaming time and sales for stocks or live TV, which some traders rely on to make informed decisions. Both platforms also lack direct market routing, trading hotkeys for faster trade entry, and level 2 quotes, which are important for analyzing the depth of the market. Additionally, neither offers tools for basic or advanced strategy backtesting, making it challenging for traders looking to test their trading strategies before implementation.

However, there is a distinction between the two when it comes to ladder trading, a method used by more advanced traders to execute trades at multiple levels to manage risk. Robinhood supports ladder trading, whereas SoFi Invest® does not currently provide this feature. Both platforms fall short on other advanced trading tools such as a short locator for real-time share availability and order liquidity rebates. As a result, active day traders seeking comprehensive trading features may find both platforms lacking in these areas.

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

Dive deeper: Best Day Trading Platforms for 2025

Market Research

When assessing market research capabilities, Robinhood stands out over SoFi Invest®. Robinhood provides a more comprehensive set of tools for investors who want to make informed decisions. Despite some limitations, Robinhood offers stock and ETFs research, Pink Sheets/OTCBB research, and a stock screener for trade ideas. In contrast, SoFi Invest® lacks these features, falling short in providing investors with the same level of market insight. Consequently, Robinhood is rated 2 stars out of 5 for market research while SoFi Invest® earns a modest 0.5 stars, according to StockBrokers.com.

When it comes to stock and ETFs research, Robinhood provides insights that SoFi Invest® does not. Robinhood allows users to delve into stock and ETF analyses, giving investors valuable data that can guide their trading decisions. Furthermore, Robinhood shines by offering Pink Sheets and OTCBB research, which helps users navigate less common investment options. SoFi Invest®, on the other hand, does not support research for individual stocks or ETFs, making it harder for users to dig deeper into these markets.

While both platforms have their limitations, such as no research offerings for mutual funds, bonds, ESG factors, or downloadable PDF research reports, Robinhood still manages to deliver a more comprehensive suite of research tools. Although neither platform supports viewing portfolio allocation by asset class through market research or social media sentiment data, Robinhood's additional features give it a distinctive edge. In turn, this edge is reflected in StockBrokers.com's ranking, where Robinhood places 10th out of 16 brokers, whereas SoFi Invest® lags behind in 16th place.

Feature Robinhood logoRobinhood
SoFi Invest® logoSoFi Invest®
Research - Stocks info Yes No
Screener - Stocks info Yes No
Research - ETFs info Yes No
Screener - ETFs info No No
Research - Mutual Funds info No No
Screener - Mutual Funds info No No
Research - Bonds info No No
Screener - Bonds info No No
Research 2/5 Stars 0.5/5 Stars

Banking

When it comes to banking capabilities, Robinhood and SoFi Invest® offer different features for users looking to manage their finances beyond investing. While Robinhood does provide debit and credit cards, it does not offer checking or savings accounts, nor does it provide mortgage loans or Certificates of Deposit (CDs). On the other hand, SoFi Invest® not only offers debit and credit cards but also provides checking and savings accounts, alongside mortgage loan options. However, like Robinhood, SoFi Invest® does not offer CDs. Choosing between these platforms depends on which banking services are most important to you.

Feature Robinhood logoRobinhood
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 No Yes
CDs info No No

Dive deeper: Best Bank Accounts for Trading Stocks for 2025

Winner

After opening live accounts and testing 16 of the best online brokers, our research and live account testing finds that Robinhood is better than SoFi Invest®. Robinhood finished with an overall score of 77.3%, while SoFi Invest® finished with a score of 64.6%.

Robinhood is very easy to use and its educational content is a joy to read. But, in today’s competitive market for your investing dollars, there are several more compelling options among brokerages.

FAQs

Can you trade cryptocurrency with Robinhood or SoFi Invest®?

Robinhood outshines SoFi Invest® by offering crypto trading with access to 22 different coins, whereas SoFi Invest® currently does not provide any cryptocurrency trading options.

Dive deeper: Best Online Brokers for Crypto Trading in 2025

Does Robinhood or SoFi Invest® offer IRAs?

Both Robinhood and SoFi Invest® offer traditional and Roth IRA accounts with no annual fees, but while Robinhood has no closure fee for IRA accounts, SoFi Invest® charges a $20 closure fee.

Dive deeper: Best IRA Accounts for 2025

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Compare

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Overall Rating Robinhood SoFi Invest®
Overall 4/5 Stars 3/5 Stars
Range of Investments 3.5/5 Stars 3.5/5 Stars
Platforms & Tools 3.5/5 Stars 1.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3.5/5 Stars
Research 2/5 Stars 0.5/5 Stars
Customer Service N/A 4.5/5 Stars
Education 4/5 Stars 4.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Robinhood Review SoFi Invest® Review
Broker Screenshots Robinhood 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 Robinhood SoFi Invest®
Minimum Deposit info $0.00 $5.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info N/A N/A
Mutual Fund Trade Fee info N/A $0
Options (Per Contract) info $0.00 $0.00
Futures (Per Contract) info (Not offered) $0.00
Broker Assisted Trade Fee info N/A N/A
Margin Rates Robinhood SoFi Invest®
Margin Rate Under $25,000 info 5.75% 11.25%
Margin Rate $25,000 to $49,999.99 info 5.75% 11.25%
Margin Rate $50,000 to $99,999.99 info 5.55% 11.25%
Margin Rate $100,000 to $249,999.99 info 5.25% 11.25%
Margin Rate $250,000 to $499,999.99 info 5.25% 11.25%
Margin Rate $500,000 to $999,999.99 info 5.25% 11.25%
Margin Rate Above $1,000,000 info 5% info 11.25%
Account Fees Robinhood SoFi Invest®
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $20.00
Account Transfer Out (Partial) info $100.00 $100.00
Account Transfer Out (Full) info $100.00 $100.00
Options Exercise Fee info $0.00 $5.00
Options Assignment Fee info $0.00 $5.00
Investment Options Robinhood SoFi Invest®
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes Yes
OTC Stocks info No 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 info No info
Crypto Trading - Total Coins info 22 0
Mutual Funds (No Load) info 0 0
Mutual Funds (Total) info 0 6000
Bonds (US Treasury) info No No
Bonds (Corporate) info No No
Bonds (Municipal) info No No
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info No Yes
International Countries (Stocks) info 0 0
Order Types Robinhood 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 No No
Order Type - OTO info No No
Order Type - Broker Assisted info No No
Beginners Robinhood SoFi Invest®
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info No Yes
Education (Bonds) info No Yes
Education (Retirement) info No Yes
Retirement Calculator info No No
Investor Dictionary info Yes Yes
Paper Trading info No No
Videos info No No
Webinars info Yes Yes
Webinars (Archived) info No Yes
Progress Tracking info No No
Interactive Learning - Quizzes info No No
Stock Trading Apps Robinhood 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 Robinhood SoFi Invest®
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No No
Videos on Demand info No 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 Robinhood SoFi Invest®
Charting - After-Hours info Yes No
Charting - Can Turn Horizontally info No No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 6 0
Charting - Study Customizations info Yes No
Charting - Stock Comparisons info No No
Trading Platforms Robinhood SoFi Invest®
Active Trading Platform info Robinhood Legend N/A
Desktop Trading Platform info No No
Desktop Platform (Mac) info No No
Web Trading Platform info Yes Yes
Paper Trading info No No
Trade Journal info No No
Watch Lists - Total Fields info 3 3
Stock Chart Features Robinhood SoFi Invest®
Charting - Adjust Trades on Chart info Yes No
Charting - Indicators / Studies info 16 0
Charting - Drawing Tools info 23 0
Charting - Notes info Yes No
Charting - Index Overlays info Yes No
Charting - Historical Trades info No No
Charting - Corporate Events info No No
Charting - Custom Date Range info Yes No
Charting - Custom Time Bars info Yes No
Charting - Automated Analysis info No No
Charting - Save Profiles info Yes No
Trade Ideas - Technical Analysis info No No
Charting - Study Customizations info 1 0
Charting - Custom Studies info No No
Day Trading Robinhood SoFi Invest®
Streaming Time & Sales info No No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Ladder Trading info Yes No
Trade Hotkeys info No No
Level 2 Quotes - Stocks info No info No
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No
Order Liquidity Rebates info No No
Research Overview Robinhood SoFi Invest®
Research - Stocks info Yes No
Research - ETFs info Yes No
Research - Mutual Funds info No No
Research - Pink Sheets / OTCBB info Yes No
Research - Bonds info No No
Screener - Stocks info Yes No
Screener - ETFs info No No
Screener - Mutual Funds info No No
Screener - Bonds info No No
Misc - Portfolio Allocation info No Yes
Stock Research Robinhood SoFi Invest®
Stock Research - PDF Reports info 0 info 0
Stock Research - Earnings info Yes No
Stock Research - Insiders info No No
Stock Research - Social info No No
Stock Research - News info Yes Yes
Stock Research - ESG info No No
Stock Research - SEC Filings info No No
ETF Research Robinhood 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 No No
ETFs - Ratings info No No
ETFs - Morningstar StyleMap info No No
ETFs - PDF Reports info No info No
Mutual Fund Research Robinhood SoFi Invest®
Mutual Funds - Strategy Overview info No No
Mutual Funds - Performance Chart info No No
Mutual Funds - Performance Analysis info No No
Mutual Funds - Prospectus info No No
Mutual Funds - 3rd Party Ratings info No No
Mutual Funds - Fees Breakdown info No No
Mutual Funds - Top 10 Holdings info No No
Mutual Funds - Asset Allocation info No No
Mutual Funds - Sector Allocation info No No
Mutual Funds - Country Allocation info No No
Mutual Funds - StyleMap info No No
Options Trading Robinhood 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 17 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 No No
Option Probability Analysis Adv info No No
Option Positions - Greeks info Yes No
Option Positions - Greeks Streaming info Yes No
Option Positions - Adv Analysis info No No
Option Positions - Rolling info Yes No
Option Positions - Grouping info Yes No
Banking Robinhood 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 No Yes
Customer Service Robinhood SoFi Invest®
Phone Support (Prospect Customers) info No Yes
Phone Support (Current Customers) info Yes Yes
Email Support info Yes No
Live Chat (Prospect Customers) info No Yes
Live Chat (Current Customers) info Yes Yes
24/7 Support info Yes No
Overall Robinhood SoFi Invest®
Overall 4/5 Stars 3/5 Stars
Range of Investments 3.5/5 Stars 3.5/5 Stars
Platforms & Tools 3.5/5 Stars 1.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3.5/5 Stars
Research 2/5 Stars 0.5/5 Stars
Education 4/5 Stars 4.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Robinhood Review SoFi Invest® Review
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