tastytrade vs SoFi Invest® 2025
In this head to head comparison of tastytrade vs SoFi Invest®, we will compare the trading platforms, mobile apps, investment options, 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, investment options, costs, market research, and more. Let's dive in.
When comparing the investment options and overall ratings for online brokers tastytrade and SoFi Invest®, it's clear that while both platforms offer a robust array of features, they cater to different investor needs. Tastytrade secures a higher position with a 4-star rating for investment options and ranks 11th out of 18 brokers according to StockBrokers.com. In contrast, SoFi Invest® has a 3-star rating and falls to the 16th spot in the same ranking. This differentiation highlights tastytrade’s stronger appeal, particularly to experienced investors seeking advanced trading capabilities, even as SoFi Invest® offers certain unique features that may attract longer-term, diversified investors.
Both tastytrade and SoFi Invest® allow investors to trade stocks, options, and engage in margin trading, offering significant overlap in some of their core services. However, they differ notably in niche areas: tastytrade stands out by providing futures and crypto trading, covering four coins, which are not available through SoFi Invest®. This positions tastytrade as a go-to option for traders intrigued by these specialized markets. Meanwhile, SoFi Invest® distinguishes itself with offerings of OTC stocks and mutual funds, catering to those who prefer a more traditional or conservative investment portfolio.
The platforms also demonstrate their versatility with account type support and additional features. Both brokers support traditional and Roth IRA accounts, appealing to those planning for retirement. Where they diverge is in SoFi Invest®'s provision of advisor services, making it attractive to investors who may benefit from personalized investment guidance. Overall, while tastytrade offers a more comprehensive range of less-common and sophisticated trading options, SoFi Invest® provides features appealing to cautious investors looking for support in navigating the financial markets.
Feature |
tastytrade
|
SoFi Invest®
|
---|---|---|
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 |
Investment Options |
Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025
When comparing the online trading platforms and tools of tastytrade and SoFi Invest®, it's clear that tastytrade holds a significant advantage. With an impressive 4.5-star rating and a 6th place ranking out of 18 brokers by StockBrokers.com, tastytrade offers extensive features that cater to the needs of more advanced traders. In contrast, SoFi Invest® achieves a modest 2.5-star rating and ranks 15th, indicating a more basic offering in comparison.
tastytrade's platform excels with its extensive charting capabilities, offering 308 technical indicators and 31 drawing tools, while SoFi Invest® surprisingly offers none. Users of tastytrade can benefit from features like adjusting open orders directly on stock charts, adding notes, displaying historical trades, and overlaying corporate events, which are not available with SoFi Invest®. Furthermore, tastytrade supports advanced customization options with the ability to save multiple chart profiles and create custom studies, giving traders robust levels of control and personalization.
In terms of platform diversity, tastytrade provides both Windows and Mac downloadable platforms in addition to a browser-based interface, making it accessible across different operating systems, whereas SoFi Invest® is limited to a browser-based solution only. With 33 watchlist columns compared to SoFi Invest®'s three, tastytrade supports more detailed monitoring, making it a comprehensive choice for traders looking for advanced functionalities and greater flexibility in managing their investments.
Feature |
tastytrade
|
SoFi Invest®
|
---|---|---|
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 |
Dive deeper: Best Stock Brokers & Trading Platforms for 2025, Best Paper Trading Platforms for 2025
When it comes to providing educational resources for beginner investors, both tastytrade and SoFi Invest® cover a robust range of topics including stocks, ETFs, and options. While tastytrade does not offer education on mutual funds or bonds, SoFi Invest® comprehensively covers these areas, making it a more versatile option for a broader educational experience. Unfortunately, neither platform provides paper trading facilities or educational videos, but both offer valuable webinars to facilitate learning. Furthermore, tastytrade stands out by offering a feature to track your learning progress, which can be beneficial for structured learning.
In terms of quality, SoFi Invest® slightly edges out with a 4.5-star rating for education compared to tastytrade's 4 stars. This is reflected in their rankings by StockBrokers.com, where SoFi Invest® is placed 7th out of 18 brokers for education, just one spot above tastytrade's 8th position. Despite these minor differences, both platforms offer strong educational resources that cater well to beginner investors seeking comprehensive knowledge in the financial markets.
Feature |
tastytrade
|
SoFi Invest®
|
---|---|---|
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 |
Dive deeper: Best Stock Trading Platforms for Beginners of 2025
When choosing between tastytrade and SoFi Invest® for stock trading app capabilities, the standout feature is tastytrade's robust functionality, earning it a rating of 4.5 stars compared to SoFi Invest’s 3 stars. Both brokers offer apps for iPhone and Android, but tastytrade pulls ahead with features like mobile after-hours stock trading, options trading, and the ability to create custom watch lists, making it ranked #10 out of 18 brokers by StockBrokers.com, compared to SoFi Invest’s #16 ranking.
Both tastytrade and SoFi Invest® provide essential mobile trading capabilities with no support for Apple Watch apps, streaming live TV, or videos on demand. However, tastytrade offers more advanced trading tools such as the ability to customize watch list columns and conduct after-hours charting, as well as the option to view charts in landscape mode and view multiple time frames, enhancing user experience for active traders. In contrast, SoFi Invest® lacks many of these advanced features, which might limit users who require in-depth analysis and trading flexibility on the go.
While neither platform provides streaming quotes or video content, the absence of technical studies and stock comparison on charts suggests that both apps focus primarily on fundamental features rather than advanced charting tools. If your priority is a more comprehensive mobile trading experience with superior ratings and rankings, tastytrade offers more robust functionality and user options, whereas SoFi Invest® might appeal to those seeking simplified and basic trading capabilities.
Feature |
tastytrade
|
SoFi Invest®
|
---|---|---|
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 |
Dive deeper: Best Stock Trading Apps for 2025
Choosing between tastytrade and SoFi Invest® largely comes down to personal preferences and specific financial needs. Tastytrade stands out with no minimum deposit and a competitive $0.50 charge per options contract, making it particularly appealing to options traders. Meanwhile, SoFi Invest® minimizes trading costs with no commission on options, although it does impose a marginally higher minimum deposit of $5. Furthermore, both platforms offer free trading on regular stock transactions, ensuring stock investors can make trades without worrying about commission fees.
Tastytrade offers competitive rates for margin balances, typically undercutting SoFi Invest® by a notable margin, particularly for balances between $25,000 and $99,999, where tastytrade's rates are significantly better at 10% to 10.5% compared to SoFi's flat 11.25%. Both platforms waive annual fees for IRAs, but SoFi Invest® has a lower IRA closure fee of $20 compared to tastytrade's $60. This difference might influence users who anticipate closing accounts potentially.
In terms of account transfers, tastytrade holds a slight edge, charging $75 for both partial and full Account Transfers (ACAT), as opposed to SoFi Invest® which costs a higher $100. However, when it comes to other actions like options exercises and assignments, both services levy identical fees of $5. These factors make it essential for investors to evaluate their trading habits and financial goals before determining the most cost-efficient platform for their needs.
Feature |
tastytrade
|
SoFi Invest®
|
---|---|---|
Minimum Deposit | $0.00 | $5.00 |
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 |
Commissions & Fees |
Dive deeper: Best Free Trading Platforms for 2025
When comparing the day trading capabilities of tastytrade and SoFi Invest®, it's important to look at the tools and features they provide. Tastytrade stands out for its streaming live TV, giving day traders access to live broadcasts that can help inform trading decisions throughout the trading day. SoFi Invest® does not offer this feature, which might limit real-time updates you can receive directly through their platform. On the other hand, both brokers lack essential trading aids such as streaming time and sales, direct market routing for stocks, level 2 quotes, and trading hotkeys. These missing features may affect the experience of active day traders who rely on precise and quick information to make informed decisions.
Both platforms do not provide basic or advanced strategy backtesting, which could be a drawback for traders looking to refine their strategies. Tastytrade, however, offers ladder trading and a short locator tool, providing a bit more utility for those engaging in short selling and order entry flexibility—capabilities absent in SoFi Invest®. Furthermore, neither platform offers order liquidity rebates, which might matter to traders focused on minimizing trading costs. Ultimately, if ladder trading and access to a short locator tool are crucial to your day trading strategy, tastytrade might have a slight edge. However, both platforms generally lack comprehensive day trading features, making them less ideal for seasoned day traders needing a robust suite of tools.
Feature |
tastytrade
|
SoFi Invest®
|
---|---|---|
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 comparing the market research capabilities of online brokers, tastytrade takes a slight edge over SoFi Invest®. Both platforms provide essential features like the ability to view portfolio allocation by asset class, but tastytrade distinguishes itself by offering stock and ETFs research, unlike SoFi Invest®, which does not offer any stock research options. Despite these differences, neither platform provides advanced features like social media sentiment data or ESG (Environmental, Social, and Governance) research, resulting in relatively modest ratings for market research capabilities—2.5 stars for tastytrade versus 2 stars for SoFi Invest®.
Tastytrade offers users the advantage of exploring stock and ETFs research, but lacks downloadable PDF reports for these asset classes, a shortcoming it shares with SoFi Invest®. Additionally, both brokers fall short in providing research support for mutual funds, bonds, and Pink Sheets/OTCBB, and neither offers tools like stock, mutual fund, or bond screeners for generating trade ideas. These limitations highlight the need for investors to seek supplementary resources to inform their investment decisions.
As a result of these features—or lack thereof—tastytrade is ranked 13th among 18 brokers by StockBrokers.com for market research, which is ahead of SoFi Invest®, which takes the 18th spot. This ranking reflects the need for further enhancement in research offerings from both platforms, despite tastytrade having a modest lead. Investors should carefully evaluate these limitations in market research capabilities when deciding between the two brokers.
Feature |
tastytrade
|
SoFi Invest®
|
---|---|---|
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 |
In a comparison of banking capabilities, SoFi Invest® stands out as a more comprehensive solution compared to tastytrade. While tastytrade does not provide typical banking services, SoFi Invest® offers a variety of financial products including checking and savings accounts, debit and credit cards, and mortgage loans. Both tastytrade and SoFi Invest® do not currently offer Certificates of Deposit (CDs). Therefore, for customers seeking a one-stop-shop for both investing and traditional banking needs, SoFi Invest® is the clear choice.
Feature |
tastytrade
|
SoFi Invest®
|
---|---|---|
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 18 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 84.9%, while SoFi Invest® finished with a score of 73.7%.
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® | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Customer Service | |||
Education | |||
Ease Of Use | |||
Winner | check_circle | ||
Review | tastytrade Review | SoFi Invest® Review |
Broker Screenshots | tastytrade | 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 | tastytrade | SoFi Invest® | |
---|---|---|---|
Minimum Deposit | $0.00 | $5.00 | |
Stock Trades | $0.00 | $0.00 | |
Penny Stock Fees (OTC) | N/A | N/A | |
Mutual Fund Trade Fee | 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® | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Education | |||
Ease Of Use | |||
Winner | check_circle | ||
Review | tastytrade Review | SoFi Invest® Review |