Robinhood vs SoFi Invest® 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.
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.
When choosing between Robinhood and SoFi Invest®, understanding the differences in their investment options is key. Both platforms offer stock trading, options trading, and fractional shares, making them accessible to beginners and seasoned investors alike. While both support margin trading and traditional, as well as Roth IRA accounts, neither allows for forex or futures trading. However, Robinhood stands out with its cryptocurrency offerings, enabling trading of 22 different coins. In contrast, SoFi Invest® offers no crypto trading, but provides the option to invest in OTC stocks and mutual funds, which Robinhood does not. Despite minor differences in their service offerings, both platforms receive an equal rating of 3.5 stars for the range of investments available.
Robinhood's accessibility is further highlighted by its focus on simplified entry into the investment world, making it appealing for tech-savvy individuals seeking a broad crypto-trading experience. Conversely, SoFi Invest® appeals to those looking for a more varied portfolio with options for mutual funds and additional OTC stocks. Moreover, SoFi Invest® offers advisor services, which can guide users on their investment journey, potentially making it more attractive for those seeking professional advice.
According to StockBrokers.com, Robinhood ranks slightly higher than SoFi Invest® in terms of the range of investments, coming in at #12 out of 15 brokers, with SoFi Invest® trailing at #13. This underscores the close competition between these two platforms, each offering a unique balance of features that cater to different types of investors. Deciding which platform to choose ultimately depends on your specific investment goals and whether you prioritize cryptocurrency trading or access to professional financial advice.
Feature |
|
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Stock Trading | Yes | Yes |
Margin Trading | Yes | Yes |
Fractional Shares | Yes | Yes |
OTC Stocks | No | Yes |
Mutual Funds | No | Yes |
Options Trading | Yes | Yes |
Futures Trading | No | No |
Crypto Trading | Yes | No |
Crypto Trading - Total Coins | 22 | 0 |
Range of Investments |
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Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025
When comparing the trading platforms and tools of Robinhood and SoFi Invest®, Robinhood emerges as the more feature-rich option for investors who prioritize charting tools and customization. It offers a browser-based trading platform equipped with numerous features like 16 technical indicators, 23 drawing tools, and the ability to adjust open orders directly on stock charts. Users can add notes and index overlays to charts, set custom date ranges, and save multiple chart profiles. With a rating of 3.5 stars and ranked 9th out of 15 brokers by StockBrokers.com, Robinhood clearly appeals to those seeking a more dynamic trading experience online. Meanwhile, SoFi Invest® receives 1.5 stars and sits at the 15th position, lacking many of the advanced features that active traders might expect. While both platforms do not support downloadable desktop applications or paper trading, Robinhood's offerings cater better to investors looking for comprehensive charting capabilities.
Robinhood stands out with its enhanced charting options, making it easier for traders to visualize market data and adapt their strategies. Offering three columns for watch lists, Robinhood provides just enough customization while streamlining the trading experience in a user-friendly way. In contrast, SoFi Invest® falls short, offering no technical indicators or drawing tools, which might be a drawback for some users; it also lacks the ability to customize charts, making it less appealing for tech-savvy investors. Both platforms share some limitations, such as the absence of automated technical analysis and custom studies—areas where neither excels.
Ultimately, for users deciding between the two, the choice boils down to how much emphasis they place on having advanced charting features. Robinhood offers a broader suite of options that may attract those who value these tools in their trading journey, while SoFi Invest® might appeal to individuals who are more focused on simplicity and are perhaps new to investing. Though both provide basic trading functionalities, Robinhood's array of features gives it a significant edge for those who want a platform with some technical depth.
Feature |
|
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Web Trading Platform | Yes | Yes |
Desktop Trading Platform | No | No |
Desktop Platform (Mac) | No | No |
Paper Trading | No | No |
Watch Lists - Total Fields | 3 | 3 |
Charting - Indicators / Studies | 16 | 0 |
Charting - Drawing Tools | 23 | 0 |
Platforms & Tools |
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Dive deeper: Best Online Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025
When comparing Robinhood and SoFi Invest® for beginner and investor education, both platforms offer accessible learning opportunities. Robinhood provides educational content covering stocks, ETFs, and options, along with webinars to help users enhance their financial knowledge. However, it lacks educational resources on mutual funds and bonds and does not provide features like educational videos, quizzes, or paper trading. Additionally, Robinhood does not offer a system to track learning progress, which might limit the structured learning experience for some users. Despite these limitations, Robinhood earns a solid 4-star rating for its educational efforts and ranks #9 out of 15 brokers by StockBrokers.com.
Similarly, SoFi Invest® offers comprehensive educational resources for stocks, ETFs, options, mutual funds, and bonds, differentiating itself by providing mutual fund and bond education which Robinhood lacks. Like Robinhood, SoFi does not offer paper trading, educational quizzes, or videos, and it too lacks a system for tracking learning progress. SoFi does, however, host webinars as part of its educational offerings. With a slightly higher 4.5-star rating for education, SoFi Invest® is ranked #6 among 15 brokers by StockBrokers.com, making it a slightly more rounded option for those seeking diverse educational content.
Feature |
|
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---|---|---|
Education (Stocks) | Yes | Yes |
Education (ETFs) | Yes | Yes |
Education (Options) | Yes | Yes |
Education (Mutual Funds) | No | Yes |
Education (Bonds) | No | Yes |
Paper Trading | No | No |
Videos | No | No |
Webinars | Yes | Yes |
Education |
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Dive deeper: Best Stock Trading Platforms for Beginners of 2025
When comparing Robinhood and SoFi Invest® for their stock trading app capabilities, Robinhood proves to be a more comprehensive choice for investors, offering a richer set of features and a better user experience. With higher overall ratings and a better ranking by StockBrokers.com, Robinhood stands out as the preferred app, especially for those keen on after-hours trading and options trading. Robinhood receives a 4.5-star rating and is ranked 7th out of 15 brokers, while SoFi Invest® has a 3.5-star rating and ranks 15th.
Both Robinhood and SoFi Invest® offer user-friendly iPhone and Android apps, ensuring accessibility for a wide range of users. However, Robinhood takes it a step further with an Apple Watch app, which is not available with SoFi Invest®. In terms of trading capabilities, Robinhood leads by offering mobile after-hours trading, while it's unclear if SoFi Invest® provides this feature. Notably, Robinhood supports mobile options trading, a feature absent in SoFi Invest®.
In terms of functionality, Robinhood excels by providing streaming quotes, stock alerts, and the ability to create and customize watch lists. Both apps allow viewing charts in multiple time frames, but Robinhood includes more charting features with six technical studies, whereas SoFi Invest® offers none. Despite some limitations, such as the inability to view charts in landscape mode or display stock comparisons, Robinhood's overall superior feature set makes it a favored choice among individual investors seeking a dynamic trading app experience.
Feature |
|
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---|---|---|
iPhone App | Yes | Yes |
Android App | Yes | Yes |
Apple Watch App | Yes | No |
Stock Alerts | Yes | No |
Charting - After-Hours | Yes | No |
Charting - Technical Studies | 6 | 0 |
Mobile Trading Apps |
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Dive deeper: Best Stock Trading Apps for 2025
For those considering a choice between Robinhood and SoFi Invest® for online brokerage services, it's important to note that both platforms offer competitive pricing with zero minimum deposit requirements and no fees for regular stock trades or options contracts. However, a key distinction lies in their handling fees and margin rates. Robinhood edges out with more favorable rates for margin balances, particularly for those under $25,000, and does not charge for IRA closures, options exercises, or assignments, providing a cost-effective solution for investors seeking to minimize fees.
Both Robinhood and SoFi Invest® allow users to start investing with no minimum deposit, making them easily accessible for new investors. They also offer commission-free stock trades and options contracts, allowing participants to trade without worrying about additional costs for these services. This access encourages a versatile trading environment, welcoming a range of investors from casual traders to more seasoned strategists.
Differences between the two become more apparent when examining margin investing. Robinhood generally offers lower interest rates on margin balances, especially for those amounts below $50,000. Meanwhile, SoFi Invest® charges higher rates in these scenarios. Furthermore, SoFi Invest® charges for IRA closures and specific options activities, such as exercises and assignments, which might deter some traders. Despite these differences, both brokers levy identical fees for account transfers, whether partial or full.
Feature |
|
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---|---|---|
Minimum Deposit | $0.00 | $0.00 |
Stock Trades | $0.00 | $0.00 |
Options (Per Contract) | $0.00 | $0.00 |
Options Exercise Fee | $0.00 | $5.00 |
Options Assignment Fee | $0.00 | $5.00 |
IRA Annual Fee | $0.00 | $0.00 |
IRA Closure Fee | $0.00 | $20.00 |
Dive deeper: Best Free Trading Platforms for 2025
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 |
|
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Streaming Time & Sales | No | No |
Streaming TV | No | No |
Direct Market Routing - Stocks | No | No |
Level 2 Quotes - Stocks | No | No |
Trade Ideas - Backtesting | No | No |
Trade Ideas - Backtesting Adv | No | No |
Short Locator | No | No |
Dive deeper: Best Day Trading Platforms for 2025
When comparing the market research capabilities of Robinhood and SoFi Invest®, it's clear that Robinhood offers a broader array of resources for investors aiming to make informed decisions. With stock and ETF research available, Robinhood provides essential tools for those looking to delve into market data, despite lacking in downloadable PDFs for research reports or mutual fund information. On the other hand, SoFi Invest® falls short in offering stock or ETF research, resulting in a lower overall rating for market research capabilities.
Robinhood's strengths lie in its ability to provide research for stocks and ETFs, as well as offering a stock screener to help users generate trade ideas. This places it in a better position in terms of market research, though it doesn't extend its resources to mutual funds, bonds, or ESG criteria. Furthermore, Robinhood allows for research related to Pink Sheets and OTCBB, which can appeal to investors with an interest in smaller companies not listed on major exchanges.
Although SoFi Invest® does not provide research specific to stocks, ETFs, or mutual funds, it does offer the ability for investors to see their portfolio allocation by asset class, representing a unique feature that can help in portfolio management. However, the lack of comprehensive research tools, such as stock screeners or social media sentiment analysis, places SoFi Invest® at a significant disadvantage when it comes to market research. As a result, SoFi has received lower ratings in comparison to its peers, highlighting the areas where it lags behind the competition.
Feature |
|
![]() |
---|---|---|
Research - Stocks | Yes | No |
Screener - Stocks | Yes | No |
Research - ETFs | Yes | No |
Screener - ETFs | No | No |
Research - Mutual Funds | No | No |
Screener - Mutual Funds | No | No |
Research - Bonds | No | No |
Screener - Bonds | No | No |
Research |
|
|
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 |
|
![]() |
---|---|---|
Checking Accounts | No | Yes |
Savings Accounts | No | Yes |
Debit Cards | Yes | Yes |
Credit Cards | Yes | Yes |
Mortgage Loans | No | Yes |
CDs | No | No |
Dive deeper: Best Bank Accounts for Trading Stocks for 2025
After opening live accounts and testing 15 of the best online brokers, our research and live account testing finds that 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.
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
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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0 of 5Overall Rating | Robinhood | SoFi Invest® | |
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Overall |
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Range of Investments |
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Platforms & Tools |
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Mobile Trading Apps |
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Research |
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Customer Service | N/A |
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Education |
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Ease Of Use |
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Winner | check_circle | ||
Review | 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 | $0.00 | $0.00 | |
Stock Trades | $0.00 | $0.00 | |
Penny Stock Fees (OTC) | N/A | N/A | |
Mutual Fund Trade Fee | N/A | $0 | |
Options (Per Contract) | $0.00 | $0.00 | |
Futures (Per Contract) | (Not offered) | $0.00 | |
Broker Assisted Trade Fee | N/A | N/A |
Margin Rates | Robinhood | SoFi Invest® | |
---|---|---|---|
Margin Rate Under $25,000 | 5.75% | 11.25% | |
Margin Rate $25,000 to $49,999.99 | 5.75% | 11.25% | |
Margin Rate $50,000 to $99,999.99 | 5.55% | 11.25% | |
Margin Rate $100,000 to $249,999.99 | 5.25% | 11.25% | |
Margin Rate $250,000 to $499,999.99 | 5.25% | 11.25% | |
Margin Rate $500,000 to $999,999.99 | 5.25% | 11.25% | |
Margin Rate Above $1,000,000 | 5% | 11.25% |
Account Fees | Robinhood | SoFi Invest® | |
---|---|---|---|
IRA Annual Fee | $0.00 | $0.00 | |
IRA Closure Fee | $0.00 | $20.00 | |
Account Transfer Out (Partial) | $100.00 | $100.00 | |
Account Transfer Out (Full) | $100.00 | $100.00 | |
Options Exercise Fee | $0.00 | $5.00 | |
Options Assignment Fee | $0.00 | $5.00 |
Investment Options | Robinhood | SoFi Invest® | |
---|---|---|---|
Stock Trading | Yes | Yes | |
Margin Trading | Yes | Yes | |
Fractional Shares | Yes | Yes | |
OTC Stocks | No | Yes | |
Options Trading | Yes | Yes | |
Complex Options Max Legs | 4 | 0 | |
Futures Trading | No | No | |
Forex Trading | No | No | |
Crypto Trading | Yes | No | |
Crypto Trading - Total Coins | 22 | 0 | |
Mutual Funds (No Load) | 0 | 0 | |
Mutual Funds (Total) | 0 | 6000 | |
Bonds (US Treasury) | No | No | |
Bonds (Corporate) | No | No | |
Bonds (Municipal) | No | No | |
Traditional IRAs | Yes | Yes | |
Roth IRAs | Yes | Yes | |
Advisor Services | No | Yes | |
International Countries (Stocks) | 0 | 0 |
Order Types | Robinhood | 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 | No | No |
Beginners | Robinhood | SoFi Invest® | |
---|---|---|---|
Education (Stocks) | Yes | Yes | |
Education (ETFs) | Yes | Yes | |
Education (Options) | Yes | Yes | |
Education (Mutual Funds) | No | Yes | |
Education (Bonds) | No | Yes | |
Education (Retirement) | No | Yes | |
Retirement Calculator | No | No | |
Investor Dictionary | Yes | Yes | |
Paper Trading | No | No | |
Videos | No | No | |
Webinars | Yes | Yes | |
Webinars (Archived) | No | Yes | |
Progress Tracking | No | No | |
Interactive Learning - Quizzes | No | No |
Stock Trading Apps | Robinhood | SoFi Invest® | |
---|---|---|---|
iPhone App | Yes | Yes | |
Android App | Yes | Yes | |
Apple Watch App | Yes | 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 | Yes | No |
Stock App Features | Robinhood | 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 | Yes | No |
Stock App Charting | Robinhood | SoFi Invest® | |
---|---|---|---|
Charting - After-Hours | Yes | No | |
Charting - Can Turn Horizontally | No | No | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 6 | 0 | |
Charting - Study Customizations | Yes | No | |
Charting - Stock Comparisons | No | No |
Trading Platforms | Robinhood | SoFi Invest® | |
---|---|---|---|
Active Trading Platform | Robinhood Legend | 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 | 3 | 3 |
Stock Chart Features | Robinhood | SoFi Invest® | |
---|---|---|---|
Charting - Adjust Trades on Chart | Yes | No | |
Charting - Indicators / Studies | 16 | 0 | |
Charting - Drawing Tools | 23 | 0 | |
Charting - Notes | Yes | No | |
Charting - Index Overlays | Yes | No | |
Charting - Historical Trades | No | No | |
Charting - Corporate Events | No | No | |
Charting - Custom Date Range | Yes | No | |
Charting - Custom Time Bars | Yes | No | |
Charting - Automated Analysis | No | No | |
Charting - Save Profiles | Yes | No | |
Trade Ideas - Technical Analysis | No | No | |
Charting - Study Customizations | 1 | 0 | |
Charting - Custom Studies | No | No |
Day Trading | Robinhood | SoFi Invest® | |
---|---|---|---|
Streaming Time & Sales | No | No | |
Streaming TV | No | No | |
Direct Market Routing - Stocks | No | No | |
Ladder Trading | Yes | No | |
Trade Hotkeys | No | No | |
Level 2 Quotes - Stocks | No | No | |
Trade Ideas - Backtesting | No | No | |
Trade Ideas - Backtesting Adv | No | No | |
Short Locator | No | No | |
Order Liquidity Rebates | No | No |
Research Overview | Robinhood | SoFi Invest® | |
---|---|---|---|
Research - Stocks | Yes | No | |
Research - ETFs | Yes | No | |
Research - Mutual Funds | No | No | |
Research - Pink Sheets / OTCBB | Yes | No | |
Research - Bonds | No | No | |
Screener - Stocks | Yes | No | |
Screener - ETFs | No | No | |
Screener - Mutual Funds | No | No | |
Screener - Bonds | No | No | |
Misc - Portfolio Allocation | No | Yes |
Stock Research | Robinhood | SoFi Invest® | |
---|---|---|---|
Stock Research - PDF Reports | 0 | 0 | |
Stock Research - Earnings | Yes | No | |
Stock Research - Insiders | No | No | |
Stock Research - Social | No | No | |
Stock Research - News | Yes | Yes | |
Stock Research - ESG | No | No | |
Stock Research - SEC Filings | No | No |
ETF Research | Robinhood | 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 | No | No | |
ETFs - Ratings | No | No | |
ETFs - Morningstar StyleMap | No | No | |
ETFs - PDF Reports | No | No |
Mutual Fund Research | Robinhood | SoFi Invest® | |
---|---|---|---|
Mutual Funds - Strategy Overview | No | No | |
Mutual Funds - Performance Chart | No | No | |
Mutual Funds - Performance Analysis | No | No | |
Mutual Funds - Prospectus | No | No | |
Mutual Funds - 3rd Party Ratings | No | No | |
Mutual Funds - Fees Breakdown | No | No | |
Mutual Funds - Top 10 Holdings | No | No | |
Mutual Funds - Asset Allocation | No | No | |
Mutual Funds - Sector Allocation | No | No | |
Mutual Funds - Country Allocation | No | No | |
Mutual Funds - StyleMap | No | No |
Options Trading | Robinhood | SoFi Invest® | |
---|---|---|---|
Option Chains - Basic View | Yes | Yes | |
Option Chains - Strategy View | Yes | No | |
Option Chains - Streaming | Yes | No | |
Option Chains - Total Columns | 17 | 0 | |
Option Chains - Greeks | 5 | 0 | |
Option Chains - Quick Analysis | Yes | No | |
Option Analysis - P&L Charts | Yes | No | |
Option Probability Analysis | No | No | |
Option Probability Analysis Adv | No | No | |
Option Positions - Greeks | Yes | No | |
Option Positions - Greeks Streaming | Yes | No | |
Option Positions - Adv Analysis | No | No | |
Option Positions - Rolling | Yes | No | |
Option Positions - Grouping | Yes | No |
Banking | Robinhood | SoFi Invest® | |
---|---|---|---|
Bank (Member FDIC) | No | Yes | |
Checking Accounts | No | Yes | |
Savings Accounts | No | Yes | |
Credit Cards | Yes | Yes | |
Debit Cards | Yes | Yes | |
Mortgage Loans | No | Yes |
Customer Service | Robinhood | SoFi Invest® | |
---|---|---|---|
Phone Support (Prospect Customers) | No | Yes | |
Phone Support (Current Customers) | Yes | Yes | |
Email Support | Yes | No | |
Live Chat (Prospect Customers) | No | Yes | |
Live Chat (Current Customers) | Yes | Yes | |
24/7 Support | Yes | No |
Overall | Robinhood | SoFi Invest® | |
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Overall |
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Range of Investments |
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Platforms & Tools |
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Mobile Trading Apps |
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Research |
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Education |
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Ease Of Use |
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Winner | check_circle | ||
Review | Robinhood Review | SoFi Invest® Review |