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Robinhood vs SoFi Invest® 2025

StockBrokers.com

Written by StockBrokers.com

October 30, 2024

In this head to head comparison of Robinhood vs SoFi Invest®, we will compare the trading platforms, mobile apps, investment options, 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®
3.5/5 Stars Overall
  • Minimum Deposit: $5.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00

Investment options

When comparing Robinhood and SoFi Invest® for investment options, Robinhood comes out slightly ahead, particularly due to its robust cryptocurrency offerings and overall user-friendly experience. Both platforms offer stock, margin, fractional shares, and options trading, as well as traditional and Roth IRA accounts; however, only SoFi Invest® provides access to mutual funds and OTC stocks, while Robinhood offers a notable edge in cryptocurrency trading with 20 coins available. For those prioritizing crypto and a straightforward user interface, Robinhood is the preferable choice despite its lack of advisor services and certain asset types available on SoFi Invest®.

Robinhood and SoFi Invest® both facilitate stock and options trading, allowing users to diversify their portfolios, but they differ in other available investment opportunities. Robinhood offers notable features such as margin trading, fractional shares, and extensive crypto trading with 20 coins, making it an attractive choice for young and tech-savvy investors. Meanwhile, SoFi Invest® caters to a wider spectrum of traditional investments, offering mutual funds and OTC stocks, alongside stock and options trading, with the added benefit of advisory services for investors seeking professional guidance.

Though neither Robinhood nor SoFi Invest® provide futures or forex trading, their availability of other investment types and services reflect their divergent focuses. While Robinhood thrives in the digital trading space with significant cryptocurrency support, SoFi Invest® appeals through its variety of traditional investing options and value-added services like advisor support. These distinctions impact their user ratings, with Robinhood achieving 3.5 stars and a #14 rank among 18 brokers by StockBrokers.com, while SoFi Invest® earns 3 stars and a #16 rank, underscoring their specific strengths in the competitive landscape of online brokerage firms.

Feature Robinhood logoRobinhood
SoFi Invest® logoSoFi Invest®
Stock Trading info Yes Yes
Margin Trading 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 20 0
Investment Options 3.5/5 Stars 3/5 Stars

Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025

Trading platforms and tools

When it comes to trading platforms and tools, Robinhood edges out SoFi Invest® with a slightly higher rating and superior charting capabilities. Both platforms offer a browser-based trading experience and lack Windows and Mac desktop downloadable platforms, along with paper trading options and a trading journal. However, Robinhood provides more functionality for active traders with the ability to adjust open orders directly on stock charts, while SoFi Invest® does not. As a result, Robinhood holds a ranking of #13 out of 18 brokers in this category according to StockBrokers.com, while SoFi Invest® follows closely at #15. This positions Robinhood as a more robust option for traders seeking comprehensive charting tools.

Robinhood’s trading platform excels in charting features, offering users 16 technical indicators and 23 drawing tools—features that are notably absent from SoFi Invest®. Additionally, Robinhood allows traders to customize their trading interface by adding notes, index overlays, and custom date ranges to charts. These advanced features are complemented by the ability to save multiple chart profiles, making it a favored choice for traders who rely on technical analysis. Conversely, SoFi Invest® does not support these advanced chart customizations, limiting its appeal to those who require in-depth charting tools.

Despite the similarities between Robinhood and SoFi Invest® in offering basic trading features such as browser-based access and three-column watch lists, it is Robinhood’s enhanced charting capabilities and customization options that contribute to its higher ranking. Neither platform offers the ability to show historical trades, corporate events, or automated technical analysis on charts, but Robinhood's emphasis on flexibility and technical depth makes it a stronger candidate for serious traders compared to SoFi Invest®.

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 Stars 2.5/5 Stars

Dive deeper: Best Stock Brokers & Trading Platforms for 2025, Best Paper Trading Platforms for 2025

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Beginners and education

When comparing the beginner and investor education capabilities of online brokers Robinhood and SoFi Invest®, both platforms offer users resources to learn about stocks, ETFs, and options. However, SoFi Invest® extends its educational offerings to include mutual funds and bonds, areas where Robinhood notably falls short. Neither Robinhood nor SoFi Invest® provides features such as paper trading, educational videos, or quizzes, and both platforms lack the ability to track a user's learning progress. Despite these similarities, both brokers do offer webinars to their users, offering some level of interactive, real-time learning experience.

In terms of educational quality, SoFi Invest® holds a higher average rating of 4.5 stars out of 5, compared to Robinhood's 3.5 stars. This superior rating is reflected in its StockBrokers.com education ranking, where SoFi Invest® is placed 7th out of 18 brokers, whereas Robinhood is ranked 10th. These rankings underscore SoFi Invest®'s commitment to a more comprehensive educational approach, particularly beneficial for beginner investors looking to broaden their knowledge across a wider range of financial instruments.

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 3.5/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

When comparing stock trading app capabilities between Robinhood and SoFi Invest®, Robinhood stands out as the more robust option. With a higher user rating of 4.5 stars compared to SoFi Invest®'s 3 stars and holding a rank of #9 among 18 brokers, Robinhood offers a more comprehensive suite of mobile trading features. While both platforms provide stock trading applications for iPhone and Android, Robinhood's offerings are significantly more extensive, catering to a broader range of trading needs.

Robinhood supports apps for iPhone, Android, and even Apple Watch, while SoFi Invest® lacks an Apple Watch app. Both platforms allow trading during after-hours on mobile, but Robinhood enhances the trading experience with features like mobile options trading and streaming quotes, neither of which are available on SoFi Invest®. In terms of analytical tools, Robinhood leads with six technical studies for charting, offering more insights than SoFi Invest®, which has none.

Furthermore, Robinhood excels in customizable features, providing options for stock alerts, custom watch lists, and the ability to customize watch list columns. These elements are absent in SoFi Invest®. While neither platform offers streaming live TV or video on demand, Robinhood goes a step further by offering after-hours charting and the ability to view multiple time frames on charts—conveniences that enhance user experience and are pivotal for active traders seeking flexible and detailed trading options.

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 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

When considering account fees and charges, Robinhood and SoFi Invest® present varied options that cater to different investor needs. Robinhood stands out with a minimum deposit of $0, appealing to new investors who want to start trading without an initial commitment, while SoFi Invest® requires a $5 minimum deposit. Both platforms offer commission-free trading for stocks and options, but Robinhood maintains a cost advantage in options management with no exercise or assignment fees, compared to SoFi Invest®'s $5 charge for each.

In terms of margin trading, Robinhood offers more competitive rates, charging 6.25% for balances below $25,000, 6.05% for $25,000 to $49,999, and 5.8% for $50,000 to $99,999. In contrast, SoFi Invest® applies a consistent rate of 11.25% for all balance ranges, which may impact profitability for users leveraging margin accounts. Additionally, both platforms impose a $100 fee for both partial and full Account Transfers (ACAT), standard across many brokerages. However, Robinhood gains an edge with no fees for IRA closures, while SoFi Invest® charges $20 for this service.

Overall, Robinhood seems to offer a more cost-effective structure for investors focused on options trading and margin accounts, thanks to lower fees and more competitive margin rates. SoFi Invest®, however, might appeal to users who appreciate their varied financial services beyond trading. Both platforms provide free stock and options trading, making them popular choices for investors seeking to minimize trading costs while enjoying modern, user-friendly interfaces.

Feature Robinhood logoRobinhood
SoFi Invest® logoSoFi Invest®
Minimum Deposit $0.00 $5.00
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
Commissions & Fees 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

When comparing Robinhood and SoFi Invest® for day trading capabilities, both platforms exhibit limitations in advanced trading tools. Neither Robinhood nor SoFi Invest® offers streaming time and sales data for stocks, nor do they provide streaming live TV features. Furthermore, both platforms lack direct market routing options and trading hotkeys for keyboard trade entries, which could be a significant drawback for traders seeking more control over their trades. Users of these platforms also won't find level 2 quotes or basic and advanced strategy backtesting, which are essential tools for in-depth market analysis and planning.

While Robinhood provides ladder trading, which might appeal to a certain segment of traders, SoFi Invest® does not include this feature. Additionally, both platforms fall short of offering a short locator tool for real-time availability of shares available to short, as well as omitting order liquidity (maker/taker) rebates. Overall, day traders seeking robust trading tools and competitive features might find limitations within Robinhood and SoFi Invest®, as both lack essential offerings like advanced trading strategies and real-time streaming analytics.

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 comparing the market research capabilities of Robinhood and SoFi Invest®, Robinhood slightly edges out SoFi with a broader range of stock and ETF research offerings, contributing to its slightly better overall rating of 2.5 stars compared to SoFi's 2 stars. Additionally, Robinhood ranks higher in market research by StockBrokers.com, securing the 14th position out of 18 brokers, while SoFi trails behind at the 18th position. While both platforms have some limitations, Robinhood is more equipped with tools that cater to investors seeking insights into the stock market.

Robinhood offers a more comprehensive selection of research tools than SoFi Invest®. Investors on Robinhood can access research on stocks, ETFs, and Pink Sheets/OTCBB, although it lacks in mutual funds and bonds research. Robinhood also provides a stock screener for trade ideas, supporting investors in filtering and identifying potential investments. However, it does not offer social media sentiment analysis, ESG research, or downloadable PDF research reports, highlighting its focus on fundamental research capabilities.

On the other hand, SoFi Invest® provides limited research tools, offering insights primarily on portfolio allocation by asset class, which Robinhood does not. Like Robinhood, SoFi also lacks comprehensive research offerings such as downloadable reports, screeners for ETFs, mutual funds, and bonds, as well as influencer-driven or ESG-related insights. This minimal approach to research tools limits SoFi's ability to support investors seeking detailed analyses and data-driven investment opportunities.

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 2.5/5 Stars 2/5 Stars

Banking

When comparing the banking capabilities of Robinhood and SoFi Invest®, distinct differences emerge between the two platforms. SoFi Invest® offers a comprehensive suite of banking services including checking and savings accounts, alongside debit and credit card offerings, and the convenience of mortgage loans. Conversely, Robinhood provides more limited financial tools, offering only debit cards, without the availability of checking or savings accounts, credit cards, or mortgage loans. Both Robinhood and SoFi Invest® do not offer Certificates of Deposit (CDs), but SoFi Invest® clearly stands out with a more extensive range of financial products for comprehensive personal banking.

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 No 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 18 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 84.5%, while SoFi Invest® finished with a score of 73.7%.

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 surpasses SoFi Invest® in crypto trading by offering 20 different coins, while SoFi Invest® currently provides no options for cryptocurrency trading.

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

0 of 5
Overall Rating Robinhood SoFi Invest®
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 3.5/5 Stars 3/5 Stars
Platforms & Tools 3/5 Stars 2.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3/5 Stars
Research 2.5/5 Stars 2/5 Stars
Customer Service N/A 4/5 Stars
Education 3.5/5 Stars 4.5/5 Stars
Ease Of Use 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 $0.00 $5.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) info 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 6.25% 11.25%
Margin Rate $25,000 to $49,999.99 6.05% 11.25%
Margin Rate $50,000 to $99,999.99 5.8% 11.25%
Margin Rate $100,000 to $249,999.99 5.75% 11.25%
Margin Rate $250,000 to $499,999.99 5.75% 11.25%
Margin Rate $500,000 to $999,999.99 5.75% 11.25%
Margin Rate Above $1,000,000 5.5% 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) info $100.00 $100.00
Account Transfer Out (Full) info $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 info Yes Yes
Margin Trading 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 20 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 No 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 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 3.5/5 Stars 3/5 Stars
Platforms & Tools 3/5 Stars 2.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3/5 Stars
Research 2.5/5 Stars 2/5 Stars
Education 3.5/5 Stars 4.5/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review Robinhood Review SoFi Invest® Review
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