tastytrade vs SoFi Invest® 2025
In this head to head comparison of tastytrade 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 tastytrade 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 an online broker, it can be challenging to weigh the pros and cons of each platform. tastytrade and SoFi Invest® both offer a wide range of investment options. However, their offerings suit different kinds of investors. For those interested in more traditional investments like mutual funds or the ability to trade OTC stocks, SoFi Invest® might have an edge. On the other hand, tastytrade caters more to options and futures traders, as well as those interested in the limited crypto market with four coins available to trade, while SoFi Invest® does not offer crypto trading at all.
Delving deeper into the trading features, both tastytrade and SoFi Invest® offer essential services like stock and margin trading, as well as the ability to trade fractional shares and options. Yet, while tastytrade stands out with futures and cryptocurrency trading options, SoFi Invest® shines with its financial advisory services—a feature tastytrade lacks. This makes tastytrade a suitable choice for more self-directed traders looking for specific market opportunities, while SoFi Invest® appeals to those seeking guided investment strategies.
Both tastytrade and SoFi Invest® cater to retirement savings with traditional and Roth IRA accounts. However, the platforms diverge in their ranking and ratings according to StockBrokers.com. tastytrade receives a slightly higher ranking with a four-star rating, coming in at #10 out of 15 brokers for the range of investments it offers. Meanwhile, SoFi Invest® garners a respectable 3.5 stars but is ranked #13. Ultimately, your choice will depend on what specific features and services are most important to your investment strategy.
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 | Yes | No |
Crypto Trading | Yes | No |
Crypto Trading - Total Coins | 4 | 0 |
Range of Investments |
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Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025
When comparing tastytrade and SoFi Invest®, it's clear that tastytrade offers a more comprehensive suite of trading tools and platforms. Whether you’re looking for desktop applications for Windows or Mac, or a feature-rich browser experience, tastytrade stands out with better charting options, including 308 technical indicators, 31 drawing tools, and more customization features for stock charts. SoFi Invest®, on the other hand, provides a more basic trading platform without desktop applications and significantly fewer features for charting and customization, earning it a lower overall rating of 1.5 stars compared to tastytrade's 4 stars.
Tastytrade's platform is well-suited for active traders who require a wealth of features and detailed analysis tools. It allows users to adjust open orders directly on charts, add notes and index overlays, and show historical trades and corporate events. With the ability to save multiple chart profiles and create custom studies, tastytrade caters to those who want a more tailored trading experience. In contrast, SoFi Invest® lacks these in-depth features and customization opportunities, which might not appeal to experienced investors who require detailed technical analysis and extensive charting capabilities.
Both tastytrade and SoFi Invest® offer browser-based trading platforms, yet the level of depth and interactivity differs significantly. While tastytrade supports advanced users with its rich set of tools and the ability to dive deep into market analysis, SoFi Invest® shows potential as a straightforward, entry-level option for those who might not need the complexity of tastytrade's offerings. However, the limited charting features and absence of essential tools mean SoFi Invest® may not satisfy more demanding traders. Ultimately, the choice between the two depends on the trader's experience level and the specific tools needed to execute their investment strategies effectively.
Feature |
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Web Trading Platform | Yes | Yes |
Desktop Trading Platform | Yes | No |
Desktop Platform (Mac) | Yes | No |
Paper Trading | No | No |
Watch Lists - Total Fields | 33 | 3 |
Charting - Indicators / Studies | 308 | 0 |
Charting - Drawing Tools | 31 | 0 |
Platforms & Tools |
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Dive deeper: Best Online Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025
When comparing tastytrade with SoFi Invest® for beginner and investor education, both platforms offer lessons on stocks, ETFs, and options. However, SoFi Invest® goes further by also providing resources for learning about mutual funds and bonds, giving new investors a broader understanding of various asset types. Tastytrade and SoFi Invest® each host webinars, but neither offers educational videos or quizzes. Tastytrade does allow users to track their learning progress, which is a feature not available with SoFi Invest®. This can be a helpful tool for beginners to stay on course as they expand their investment knowledge.
In terms of educational quality, SoFi Invest® slightly edges out tastytrade with a 4.5-star rating compared to tastytrade's 4-star rating. This difference is reflected in their rankings by StockBrokers.com, where SoFi Invest® is positioned at #6 out of 15 brokers, while tastytrade holds the #10 spot. As both platforms strive to educate investors, SoFi Invest® appears to offer a more comprehensive approach for those interested in a broader spectrum of financial instruments.
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 it comes to stock trading apps, tastytrade and SoFi Invest® offer varying experiences. Tastytrade emerges as the more advanced option for active traders. It leads with features such as mobile options trading, streaming quotes, and the ability to create and customize watch lists. On the other hand, SoFi Invest® offers a more basic platform lacking some key trading functionalities but provides a straightforward experience best suited for beginners or those with simpler needs. Overall, tastytrade's higher rating of 4.5 stars and its ranking as the 10th best app out of 15 by StockBrokers.com confirm its superiority over SoFi's 3.5-star rating and 15th place ranking.
Both tastytrade and SoFi Invest® ensure their users have mobile accessibility, with both apps available on iPhone and Android devices. However, neither platform extends its functionality to the Apple Watch. Tastytrade caters better to active traders by offering mobile after-hours trading, though it's unclear if SoFi Invest® provides this feature. Tastytrade also distinguishes itself by offering after-hours charting and the option to view charts in landscape mode, bolstering its appeal to those who rely on detailed chart analysis.
Both apps lag in certain areas. Neither tastytrade nor SoFi Invest® offers streaming live TV or stock alerts, and both platforms lack technical studies or stock comparison displays on their charts. Despite these common limitations, tastytrade still holds an edge with its ability to let users handle multiple timeframes on charts and manage custom watch lists. While SoFi Invest® simplifies trading for newcomers, tastytrade is clearly geared towards providing experienced traders with the tools they need for comprehensive analysis and quick responses.
Feature |
|
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iPhone App | Yes | Yes |
Android App | Yes | Yes |
Apple Watch App | No | No |
Stock Alerts | No | No |
Charting - After-Hours | Yes | No |
Charting - Technical Studies | 0 | 0 |
Mobile Trading Apps |
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Dive deeper: Best Stock Trading Apps for 2025
When considering tastytrade and SoFi Invest® for your investing needs, both platforms shine in offering commission-free stock trading with no minimum deposit requirements, making them accessible to most investors. For options traders, tastytrade may be more appealing, with a cost of $0.50 per contract, while SoFi Invest® does not charge for options contracts. However, if you close an IRA account, tastytrade's fee significantly exceeds SoFi Invest®'s by $40. Additionally, if you need to transfer your account, tastytrade's fees are more cost-effective, charging $75 compared to SoFi Invest®'s $100 per transfer.
In terms of margin trading costs, both platforms have a range of interest rates based on the balance. For balances below $25,000, tastytrade offers a competitive 11% rate, slightly lower than SoFi Invest®'s 11.25%. This advantage grows as the balance increases, with tastytrade charging 10.5% for $25,000 to $49,999 and 10% for $50,000 to $99,999, compared to SoFi Invest®'s consistent 11.25%. These differences highlight tastytrade’s cost advantage in margin trading.
When it comes to additional fees, such as the options exercise and assignment fees, both tastytrade and SoFi Invest® charge an identical $5 per transaction, providing a level playing field in this area. Despite some cost nuances, selecting the right broker depends on the type of trader you are and your specific needs, making it essential to consider where you will maximize your savings and benefits.
Feature |
|
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Minimum Deposit | $0.00 | $0.00 |
Stock Trades | $0.00 | $0.00 |
Options (Per Contract) | $0.50 | $0.00 |
Options Exercise Fee | $5.00 | $5.00 |
Options Assignment Fee | $5.00 | $5.00 |
IRA Annual Fee | $0.00 | $0.00 |
IRA Closure Fee | $60.00 | $20.00 |
Dive deeper: Best Free Trading Platforms for 2025
When comparing tastytrade and SoFi Invest® for day trading, it's essential to consider their unique offerings. Tastytrade stands out with its streaming live TV feature, providing real-time market insights and educational content to traders, whereas SoFi Invest® lacks this option. Additionally, tastytrade provides ladder trading, which can help traders visualize market depth and execute trades swiftly, an asset not available through SoFi Invest®. However, both platforms are similar in some key areas, as neither offers streaming time and sales, direct market routing for stocks, trading hotkeys for keyboard trade entry, or level 2 quotes.
While neither tastytrade nor SoFi Invest® offers basic or advanced strategy backtesting or order liquidity rebates, tastytrade gives its users a slight trading edge with a short locator tool. This feature helps investors identify the real-time availability of shares to short by security, absent in SoFi Invest®. Overall, those who prioritize live market analysis and strategy tools for shorting may find tastytrade preferable, leaving SoFi Invest® as a more general investment platform without these specialized day trading amenities.
Feature |
|
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Streaming Time & Sales | No | No |
Streaming TV | Yes | 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 | Yes | No |
Dive deeper: Best Day Trading Platforms for 2025
When it comes to market research capabilities, tastytrade holds the upper hand compared to SoFi Invest®. tastytrade ranks 13th out of 15 brokers according to StockBrokers.com with a market research rating of 1.5 stars, while SoFi Invest® trails at 15th place with a lower rating of 0.5 stars. This suggests that although neither platform excels in this area, tastytrade offers slightly more in-depth resources for investors seeking market insights.
tastytrade provides access to stock and ETF research, catering to those interested in these investment products. In contrast, SoFi Invest® does not offer research for stocks, ETFs, or any other securities, making it less favorable for investors who rely on research for informed decision-making. Both platforms, however, allow users to view portfolio allocation by asset class, which adds some value to portfolio management.
For those interested in downloadable PDF research reports or screeners for trade ideas, neither tastytrade nor SoFi Invest® provides these options. Additionally, neither broker incorporates trending social media sentiment or ESG research into their platform, leaving gaps for investors seeking these insights. Despite the limitations, tastytrade's offering of stock and ETF research gives it a slight edge over SoFi Invest® in terms of market research capabilities.
Feature |
|
![]() |
---|---|---|
Research - Stocks | Yes | No |
Screener - Stocks | No | 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 |
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When comparing tastytrade and SoFi Invest® for banking services, SoFi Invest® clearly provides more options. Unlike tastytrade, SoFi Invest® offers checking accounts, allowing users to manage daily transactions with ease. Additionally, SoFi Invest® offers savings accounts for customers looking to grow their wealth over time. With the ability to access funds through debit cards, SoFi Invest® further enhances its banking capabilities, a feature not available with tastytrade. Credit cards are another financial product offered exclusively by SoFi Invest®, providing users with more flexibility and purchase power. For those interested in home financing, SoFi Invest® also offers mortgage loans, unlike tastytrade, which doesn't support this service. It's worth noting that neither broker currently offers certificates of deposit (CDs).
Feature |
|
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---|---|---|
Checking Accounts | No | Yes |
Savings Accounts | No | Yes |
Debit Cards | No | Yes |
Credit Cards | No | 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 tastytrade is better than SoFi Invest®. tastytrade finished with an overall score of 80.1%, while SoFi Invest® finished with a score of 64.6%.
tastytrade isn’t for every investor, but its platform is ideal for frequent options and futures traders, offering efficient workflow, useful risk management tools, killer design, and online content that makes you feel like you’re on a trading desk.
Tastytrade offers crypto trading with access to 4 different coins, whereas SoFi Invest® currently does not offer any crypto trading options.
Dive deeper: Best Online Brokers for Crypto Trading in 2025
Both tastytrade and SoFi Invest® offer traditional and Roth IRA accounts with no annual fees, but differ in closure fees, with tastytrade charging $60 and SoFi Invest® only $20 upon account closure.
Dive deeper: Best IRA Accounts for 2025
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0 of 5Overall Rating | tastytrade | 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 |
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Education |
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Ease Of Use |
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Winner | check_circle | ||
Review | tastytrade Review | SoFi Invest® Review |
Broker Screenshots | tastytrade | SoFi Invest® | |
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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 | tastytrade | 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) | $0.50 | $0.00 | |
Futures (Per Contract) | $1.25 | $0.00 | |
Broker Assisted Trade Fee | $0 | N/A |
Margin Rates | tastytrade | SoFi Invest® | |
---|---|---|---|
Margin Rate Under $25,000 | 11% | 11.25% | |
Margin Rate $25,000 to $49,999.99 | 10.5% | 11.25% | |
Margin Rate $50,000 to $99,999.99 | 10% | 11.25% | |
Margin Rate $100,000 to $249,999.99 | 9.5% | 11.25% | |
Margin Rate $250,000 to $499,999.99 | 9% | 11.25% | |
Margin Rate $500,000 to $999,999.99 | 8.5% | 11.25% | |
Margin Rate Above $1,000,000 | 8% | 11.25% |
Account Fees | tastytrade | SoFi Invest® | |
---|---|---|---|
IRA Annual Fee | $0.00 | $0.00 | |
IRA Closure Fee | $60.00 | $20.00 | |
Account Transfer Out (Partial) | $75.00 | $100.00 | |
Account Transfer Out (Full) | $75.00 | $100.00 | |
Options Exercise Fee | $5.00 | $5.00 | |
Options Assignment Fee | $5.00 | $5.00 |
Investment Options | tastytrade | 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 | Yes | No | |
Forex Trading | No | No | |
Crypto Trading | Yes | No | |
Crypto Trading - Total Coins | 4 | 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 | tastytrade | 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 | No | No | |
Order Type - OCO | Yes | No | |
Order Type - OTO | Yes | No | |
Order Type - Broker Assisted | Yes | No |
Beginners | tastytrade | 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) | Yes | Yes | |
Progress Tracking | Yes | No | |
Interactive Learning - Quizzes | No | No |
Stock Trading Apps | tastytrade | 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 | Yes | No |
Stock App Features | tastytrade | SoFi Invest® | |
---|---|---|---|
Market Movers (Top Gainers) | Yes | Yes | |
Stream Live TV | No | No | |
Videos on Demand | No | No | |
Stock Alerts | No | 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 | tastytrade | SoFi Invest® | |
---|---|---|---|
Charting - After-Hours | Yes | No | |
Charting - Can Turn Horizontally | Yes | No | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 0 | 0 | |
Charting - Study Customizations | No | No | |
Charting - Stock Comparisons | No | No |
Trading Platforms | tastytrade | SoFi Invest® | |
---|---|---|---|
Active Trading Platform | tastytrade | N/A | |
Desktop Trading Platform | Yes | No | |
Desktop Platform (Mac) | Yes | No | |
Web Trading Platform | Yes | Yes | |
Paper Trading | No | No | |
Trade Journal | No | No | |
Watch Lists - Total Fields | 33 | 3 |
Stock Chart Features | tastytrade | SoFi Invest® | |
---|---|---|---|
Charting - Adjust Trades on Chart | Yes | No | |
Charting - Indicators / Studies | 308 | 0 | |
Charting - Drawing Tools | 31 | 0 | |
Charting - Notes | Yes | No | |
Charting - Index Overlays | Yes | No | |
Charting - Historical Trades | Yes | No | |
Charting - Corporate Events | Yes | No | |
Charting - Custom Date Range | No | No | |
Charting - Custom Time Bars | No | No | |
Charting - Automated Analysis | No | No | |
Charting - Save Profiles | Yes | No | |
Trade Ideas - Technical Analysis | No | No | |
Charting - Study Customizations | 7 | 0 | |
Charting - Custom Studies | Yes | No |
Day Trading | tastytrade | SoFi Invest® | |
---|---|---|---|
Streaming Time & Sales | No | No | |
Streaming TV | Yes | 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 | Yes | No | |
Order Liquidity Rebates | No | No |
Research Overview | tastytrade | SoFi Invest® | |
---|---|---|---|
Research - Stocks | Yes | No | |
Research - ETFs | Yes | No | |
Research - Mutual Funds | No | No | |
Research - Pink Sheets / OTCBB | No | No | |
Research - Bonds | No | No | |
Screener - Stocks | No | No | |
Screener - ETFs | No | No | |
Screener - Mutual Funds | No | No | |
Screener - Bonds | No | No | |
Misc - Portfolio Allocation | Yes | Yes |
Stock Research | tastytrade | SoFi Invest® | |
---|---|---|---|
Stock Research - PDF Reports | 0 | 0 | |
Stock Research - Earnings | No | 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 | tastytrade | SoFi Invest® | |
---|---|---|---|
ETFs - Strategy Overview | No | Yes | |
ETF Fund Facts - Inception Date | No | No | |
ETF Fund Facts - Expense Ratio | No | Yes | |
ETF Fund Facts - Net Assets | No | No | |
ETF Fund Facts - Total Holdings | No | No | |
ETFs - Top 10 Holdings | No | Yes | |
ETFs - Sector Exposure | No | No | |
ETFs - Risk Analysis | Yes | No | |
ETFs - Ratings | No | No | |
ETFs - Morningstar StyleMap | No | No | |
ETFs - PDF Reports | No | No |
Mutual Fund Research | tastytrade | 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 | tastytrade | SoFi Invest® | |
---|---|---|---|
Option Chains - Basic View | Yes | Yes | |
Option Chains - Strategy View | Yes | No | |
Option Chains - Streaming | Yes | No | |
Option Chains - Total Columns | 20 | 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 | Yes | 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 | tastytrade | SoFi Invest® | |
---|---|---|---|
Bank (Member FDIC) | No | Yes | |
Checking Accounts | No | Yes | |
Savings Accounts | No | Yes | |
Credit Cards | No | Yes | |
Debit Cards | No | Yes | |
Mortgage Loans | No | Yes |
Customer Service | tastytrade | SoFi Invest® | |
---|---|---|---|
Phone Support (Prospect Customers) | Yes | Yes | |
Phone Support (Current Customers) | Yes | Yes | |
Email Support | Yes | No | |
Live Chat (Prospect Customers) | Yes | Yes | |
Live Chat (Current Customers) | Yes | Yes | |
24/7 Support | No | No |
Overall | tastytrade | 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 | tastytrade Review | SoFi Invest® Review |