TradeStation vs SoFi Invest® 2025
In this head to head comparison of TradeStation 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 TradeStation vs SoFi Invest®, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
In comparing online brokers TradeStation and SoFi Invest®, one could summarize that TradeStation offers a slightly wider range of investment options, making it a close contender for users interested in more complex trading activities. While both platforms support stock, margin, mutual funds, options, and OTC stock trading, TradeStation distinguishes itself by offering futures trading, which SoFi Invest® does not provide. Both platforms are aligned in areas like crypto trading, with neither offering such services, and each supports traditional and Roth IRA accounts. Overall, TradeStation's expansive offerings have earned it a higher ranking and rating in this space.
For investors focusing on straightforward, everyday trading, both TradeStation and SoFi Invest® cater to stock trading, mutual funds, and options trading. Both platforms provide margin trading but differ significantly when it comes to fractional shares. SoFi Invest® offers fractional shares, making it a convenient choice for those who want to start investing with smaller amounts. On the other hand, TradeStation offers full share investments and extends its capabilities to include futures trading, appealing to those who favor traditional, diversified strategies.
When determining the best fit for your investment needs, consider whether services like fractional shares and advisor services are essential, as SoFi Invest® covers both these areas. Conversely, if futures trading sparks your interest, TradeStation is your go-to platform. Each broker has its unique strengths and specialties, making the choice largely dependent on individual investment goals and preferences. TradeStation secures a higher ranking and rating in terms of investment range, signaling its comprehensive offerings, while SoFi Invest® offers user-friendly features like fractional investing and access to financial advisors.
Feature |
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Stock Trading | Yes | Yes |
Margin Trading | Yes | Yes |
Fractional Shares | No | Yes |
OTC Stocks | Yes | Yes |
Mutual Funds | Yes | Yes |
Options Trading | Yes | Yes |
Futures Trading | Yes | No |
Crypto Trading | No | No |
Crypto Trading - Total Coins | 0 | 0 |
Range of Investments |
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Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025
When deciding between TradeStation and SoFi Invest® for your trading needs, TradeStation emerges as the more feature-rich choice, offering a comprehensive suite of tools favored by serious traders. TradeStation is ranked third among 16 brokers by StockBrokers.com and boasts a high rating of 4.5 stars out of 5. In contrast, SoFi Invest® is better suited for beginners and casual investors, with a more limited offering of tools and a rating of just 1.5 stars, placing it last in the same ranking.
TradeStation stands out with its Windows desktop downloadable trading platform, detailed charting capabilities, and extensive customization options. It supports numerous watchlist fields, allowing users to track up to 341 different data points. Traders can interact directly with stock charts, adjusting open orders and adding notes, while some features like automated technical analysis and customizable studies cater to more advanced analytical needs. Additionally, TradeStation supports paper trading, enabling users to practice trades without financial risk, which SoFi Invest® does not offer.
On the other hand, SoFi Invest® is designed for ease of use, with a browser-based platform ideal for those who prefer simplicity or are new to the investing world. However, it falls short in terms of technical analysis tools and customization compared to TradeStation. With just three columns for watch lists and no technical indicators or drawing tools available, the platform is limited in its ability to cater to those seeking advanced trading features. Both platforms lack a desktop version for Mac, and neither offers a trading journal, but TradeStation's offerings make it far more attractive to serious traders.
Feature |
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Web Trading Platform | Yes | Yes |
Desktop Trading Platform | Yes | No |
Desktop Platform (Mac) | No | No |
Paper Trading | Yes | No |
Watch Lists - Total Fields | 341 | 3 |
Charting - Indicators / Studies | 294 | 0 |
Charting - Drawing Tools | 23 | 0 |
Platforms & Tools |
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Dive deeper: 7 Best Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025
TradeStation and SoFi Invest® both offer educational content for those eager to learn about investing, but they differ in scope and delivery. While both platforms provide stock and options education, SoFi Invest® excels by offering education on ETFs, mutual funds, and bonds—areas where TradeStation does not provide resources. Additionally, TradeStation stands out by offering paper trading and a range of educational videos, making it beneficial for beginners who appreciate learning through visual content and practicing without financial risk. However, SoFi Invest® compensates for its lack of paper trading with a higher educational rating of 4.5 stars compared to TradeStation's 3 stars, reflecting its comprehensive learning offerings.
Webinars are available on both platforms, providing live opportunities to engage with financial topics, yet neither service offers educational quizzes or a way to track learning progress. StockBrokers.com ranks SoFi Invest® higher for education, placing it at #6 out of 16 brokers, while TradeStation is ranked #14, denoting a significant difference in evaluation. Ultimately, SoFi Invest® seems more equipped to cater to investors looking for a broad range of educational resources, whereas TradeStation might appeal to those who value video content and the practice opportunity that paper trading presents.
Feature |
|
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Education (Stocks) | Yes | Yes |
Education (ETFs) | No | Yes |
Education (Options) | Yes | Yes |
Education (Mutual Funds) | No | Yes |
Education (Bonds) | No | Yes |
Paper Trading | Yes | No |
Videos | Yes | No |
Webinars | Yes | Yes |
Education |
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Dive deeper: Best Stock Trading Platforms for Beginners of 2025
When comparing the mobile stock trading apps of TradeStation and SoFi Invest®, it's clear that TradeStation holds a distinct edge for active traders. Rated at 4.5 stars and ranked 8th by StockBrokers.com, TradeStation provides a comprehensive suite of features essential for keen market participants. In contrast, SoFi Invest®, with its 3.5-star rating and 16th position ranking, may appeal to those who prefer a simpler approach but falls short in offering the advanced features active traders often seek.
Both TradeStation and SoFi Invest® offer iPhone and Android apps, bringing trading to your fingertips on popular mobile platforms. However, TradeStation significantly widens its lead by supporting mobile after-hours trading, options trading, and providing streaming quotes—capabilities that SoFi Invest® does not offer. Furthermore, TradeStation enhances user experience with stock alerts and the ability to create and customize watch lists, another area where SoFi Invest® lags behind.
Charting options reveal further disparities between the two, with TradeStation offering after-hours charting and 45 technical studies, empowering users to engage in thorough analysis. Although both apps enable viewing multiple time frames, SoFi Invest® does not provide any technical studies, limiting its charting utility. For traders seeking depth and detail in their trading tools, TradeStation’s app stands out as the more equipped choice for a sophisticated trading experience.
Feature |
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iPhone App | Yes | Yes |
Android App | Yes | Yes |
Apple Watch App | No | No |
Stock Alerts | Yes | No |
Charting - After-Hours | Yes | No |
Charting - Technical Studies | 45 | 0 |
Mobile Trading Apps |
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Dive deeper: Best Stock Trading Apps for 2025
When comparing TradeStation to SoFi Invest® for their account fees and other charges, SoFi Invest® stands out as the more cost-effective choice for casual and beginner investors. With no fees for regular stock trades and lower costs associated with options contracts and IRA management, SoFi Invest® offers a more accessible platform for those looking to minimize expenses. Although both platforms provide commission-free trading for stocks, the variance in other charges and fees tips the scale in favor of SoFi Invest® for those prioritizing affordability.
TradeStation requires no minimum deposit, while SoFi Invest® sets a modest minimum deposit of $5.00. For options traders, SoFi Invest® provides a clear advantage with no fees on options contracts, compared to TradeStation’s $0.60 fee per contract. However, TradeStation offers competitive benefits for users with substantial funds in margin accounts, although it charges a higher interest rate than SoFi Invest® across various balance tiers. This may impact your choice depending on your account size and trading patterns.
In terms of individual retirement account (IRA) maintenance, SoFi Invest® emerges as the less costly alternative, with no annual fees compared to TradeStation’s $35.00 fee. Additionally, SoFi Invest® has lower fees for IRA closure and account transfers. Options traders may also prefer SoFi Invest® due to its lower options exercise and assignment fees. While TradeStation may suit traders seeking advanced trading tools, SoFi Invest® is undeniably appealing for those aiming to keep costs low without sacrificing essential features.
Feature |
|
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Minimum Deposit | $0.00 | $5.00 |
Stock Trades | $0.00 | $0.00 |
Options (Per Contract) | $0.60 | $0.00 |
Options Exercise Fee | $14.95 | $5.00 |
Options Assignment Fee | $5.95 | $5.00 |
IRA Annual Fee | $35.00 | $0.00 |
IRA Closure Fee | $50.00 | $20.00 |
Dive deeper: Best Free Trading Platforms for 2025
When comparing TradeStation to SoFi Invest® for day trading, TradeStation emerges as a more feature-rich option for active traders. TradeStation provides streaming time and sales for stocks, allowing traders to see real-time market activity, which SoFi Invest® lacks. Furthermore, TradeStation supports direct market routing, ladder trading, and the use of trading hotkeys for quicker trade execution. These elements are particularly beneficial for day traders who rely on speed and precision. Additionally, TradeStation offers level 2 quotes that provide deeper market insight, whereas SoFi Invest® does not offer this feature.
For those who like to refine their trading methods, TradeStation shines with both basic and advanced strategy backtesting, letting users test their strategies in past market conditions. In contrast, SoFi Invest® does not provide any backtesting capabilities. Furthermore, TradeStation extends its functionalities with a short locator tool for short selling and offers order liquidity rebates. These advanced tools and features make TradeStation a more suitable and appealing option for day traders compared to SoFi Invest®, which lacks these capabilities.
Feature |
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Streaming Time & Sales | Yes | No |
Streaming TV | No | No |
Direct Market Routing - Stocks | Yes | No |
Level 2 Quotes - Stocks | Yes | No |
Trade Ideas - Backtesting | Yes | No |
Trade Ideas - Backtesting Adv | Yes | No |
Short Locator | Yes | No |
Dive deeper: Best Day Trading Platforms for 2025
When it comes to market research capabilities, TradeStation holds a distinct advantage over SoFi Invest®. TradeStation provides stock and ETF research, which are critical tools for investors seeking in-depth market insights. In contrast, SoFi Invest® does not offer research capabilities for stocks, ETFs, or any other investment category. This significant difference is reflected in their market research ratings, with TradeStation earning 2 out of 5 stars, compared to SoFi Invest®'s 0.5 out of 5 stars. The rankings by StockBrokers.com further highlight this disparity, placing TradeStation at #11 and SoFi Invest® at the bottom of the list at #16 among 16 brokers evaluated.
TradeStation equips its users with the ability to conduct research on stocks, ETFs, and even Pink Sheets/OTCBB, though it lacks resources for mutual funds and bonds. It offers a stock screener for generating trade ideas, giving investors an edge in developing their strategies. Additionally, both platforms allow users to view their portfolio allocation by asset class, but neither offers advanced research options like social media sentiment data or downloadable PDF reports for stocks and ETFs.
On the other hand, SoFi Invest® does not provide any in-depth research tools for individual securities. Investors using SoFi need to rely on their understanding of the market or seek external resources to conduct thorough research. This limited access means that those looking to actively monitor and analyze investment opportunities may find TradeStation to be a more resourceful platform for gaining market insights.
Feature |
|
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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 |
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When evaluating the banking capabilities of TradeStation and SoFi Invest®, the differences are clear. SoFi Invest® provides a comprehensive range of financial services with checking and savings accounts available to their clients. They also offer additional convenience with debit and credit cards, along with the option for mortgage loans. In contrast, TradeStation falls short in these areas, as it does not offer checking or savings accounts, debit or credit cards, or mortgage loans. Both platforms do not provide certificates of deposit (CDs). For those seeking a brokerage with added banking features, SoFi Invest® stands out as the more versatile choice.
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 16 of the best online brokers, our research and live account testing finds that TradeStation is better than SoFi Invest®. TradeStation finished with an overall score of 80.2%, while SoFi Invest® finished with a score of 64.6%.
TradeStation supports casual traders through its web-based platform and active traders through its desktop platform. We like the web-based platform and mobile app, but the flagship desktop platform could use a refresh.
When comparing TradeStation to SoFi Invest® in terms of cryptocurrency trading, both platforms currently do not support crypto trading, offering zero coins for trading.
Dive deeper: Best Online Brokers for Crypto Trading in 2025
Both TradeStation and SoFi Invest® offer traditional and Roth IRA accounts, but while SoFi Invest® provides these without any annual fees, TradeStation charges a $35.00 annual fee. Additionally, the closure fee for IRA accounts is more affordable with SoFi Invest® at $20.00, compared to TradeStation's $50.00 fee.
Dive deeper: Best IRA Accounts for 2025
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0 of 5Overall Rating | TradeStation | SoFi Invest® | |
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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 | TradeStation Review | SoFi Invest® Review |
Broker Screenshots | TradeStation | 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 | TradeStation | SoFi Invest® | |
---|---|---|---|
Minimum Deposit | $0.00 | $5.00 | |
Stock Trades | $0.00 | $0.00 | |
Penny Stock Fees (OTC) | $0.01 | N/A | |
Mutual Fund Trade Fee | $14.95 | $0 | |
Options (Per Contract) | $0.60 | $0.00 | |
Futures (Per Contract) | $1.50 | $0.00 | |
Broker Assisted Trade Fee | $25 | N/A |
Margin Rates | TradeStation | SoFi Invest® | |
---|---|---|---|
Margin Rate Under $25,000 | 13.0% | 11.25% | |
Margin Rate $25,000 to $49,999.99 | 13.0% | 11.25% | |
Margin Rate $50,000 to $99,999.99 | 12.5% | 11.25% | |
Margin Rate $100,000 to $249,999.99 | 12.0% | 11.25% | |
Margin Rate $250,000 to $499,999.99 | 12.0% | 11.25% | |
Margin Rate $500,000 to $999,999.99 | 7.5% | 11.25% | |
Margin Rate Above $1,000,000 | 7.5% | 11.25% |
Account Fees | TradeStation | SoFi Invest® | |
---|---|---|---|
IRA Annual Fee | $35.00 | $0.00 | |
IRA Closure Fee | $50.00 | $20.00 | |
Account Transfer Out (Partial) | $125.00 | $100.00 | |
Account Transfer Out (Full) | $125.00 | $100.00 | |
Options Exercise Fee | $14.95 | $5.00 | |
Options Assignment Fee | $5.95 | $5.00 |
Investment Options | TradeStation | SoFi Invest® | |
---|---|---|---|
Stock Trading | Yes | Yes | |
Margin Trading | Yes | Yes | |
Fractional Shares | No | Yes | |
OTC Stocks | Yes | Yes | |
Options Trading | Yes | Yes | |
Complex Options Max Legs | 4 | 0 | |
Futures Trading | Yes | No | |
Forex Trading | No | No | |
Crypto Trading | No | No | |
Crypto Trading - Total Coins | 0 | 0 | |
Mutual Funds (No Load) | 800 | 0 | |
Mutual Funds (Total) | 4000 | 6000 | |
Bonds (US Treasury) | Yes | No | |
Bonds (Corporate) | Yes | No | |
Bonds (Municipal) | Yes | No | |
Traditional IRAs | Yes | Yes | |
Roth IRAs | Yes | Yes | |
Advisor Services | No | Yes | |
International Countries (Stocks) | 0 | 0 |
Order Types | TradeStation | 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 | Yes | No | |
Order Type - OTO | Yes | No | |
Order Type - Broker Assisted | Yes | No |
Beginners | TradeStation | SoFi Invest® | |
---|---|---|---|
Education (Stocks) | Yes | Yes | |
Education (ETFs) | No | Yes | |
Education (Options) | Yes | Yes | |
Education (Mutual Funds) | No | Yes | |
Education (Bonds) | No | Yes | |
Education (Retirement) | No | Yes | |
Retirement Calculator | No | No | |
Investor Dictionary | No | Yes | |
Paper Trading | Yes | No | |
Videos | Yes | No | |
Webinars | Yes | Yes | |
Webinars (Archived) | Yes | Yes | |
Progress Tracking | No | No | |
Interactive Learning - Quizzes | No | No |
Stock Trading Apps | TradeStation | 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 | TradeStation | 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 | TradeStation | SoFi Invest® | |
---|---|---|---|
Charting - After-Hours | Yes | No | |
Charting - Can Turn Horizontally | No | No | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 45 | 0 | |
Charting - Study Customizations | Yes | No | |
Charting - Stock Comparisons | No | No |
Trading Platforms | TradeStation | SoFi Invest® | |
---|---|---|---|
Active Trading Platform | TradeStation 10 | N/A | |
Desktop Trading Platform | Yes | No | |
Desktop Platform (Mac) | No | No | |
Web Trading Platform | Yes | Yes | |
Paper Trading | Yes | No | |
Trade Journal | No | No | |
Watch Lists - Total Fields | 341 | 3 |
Stock Chart Features | TradeStation | SoFi Invest® | |
---|---|---|---|
Charting - Adjust Trades on Chart | Yes | No | |
Charting - Indicators / Studies | 294 | 0 | |
Charting - Drawing Tools | 23 | 0 | |
Charting - Notes | Yes | No | |
Charting - Index Overlays | Yes | No | |
Charting - Historical Trades | Yes | No | |
Charting - Corporate Events | Yes | No | |
Charting - Custom Date Range | Yes | No | |
Charting - Custom Time Bars | Yes | No | |
Charting - Automated Analysis | Yes | No | |
Charting - Save Profiles | Yes | No | |
Trade Ideas - Technical Analysis | Yes | No | |
Charting - Study Customizations | 12 | 0 | |
Charting - Custom Studies | Yes | No |
Day Trading | TradeStation | SoFi Invest® | |
---|---|---|---|
Streaming Time & Sales | Yes | No | |
Streaming TV | No | No | |
Direct Market Routing - Stocks | Yes | No | |
Ladder Trading | Yes | No | |
Trade Hotkeys | Yes | No | |
Level 2 Quotes - Stocks | Yes | No | |
Trade Ideas - Backtesting | Yes | No | |
Trade Ideas - Backtesting Adv | Yes | No | |
Short Locator | Yes | No | |
Order Liquidity Rebates | Yes | No |
Research Overview | TradeStation | 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 | Yes | Yes |
Stock Research | TradeStation | 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 | TradeStation | 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 | No | No | |
ETFs - Ratings | No | No | |
ETFs - Morningstar StyleMap | No | No | |
ETFs - PDF Reports | No | No |
Mutual Fund Research | TradeStation | 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 | Yes | 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 | TradeStation | SoFi Invest® | |
---|---|---|---|
Option Chains - Basic View | Yes | Yes | |
Option Chains - Strategy View | Yes | No | |
Option Chains - Streaming | Yes | No | |
Option Chains - Total Columns | 29 | 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 | TradeStation | 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 | TradeStation | 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 | TradeStation | 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 | TradeStation Review | SoFi Invest® Review |