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TradeStation vs SoFi Invest® 2025

StockBrokers.com

Written by StockBrokers.com

February 20, 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.

TradeStation
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.60
SoFi Invest®
3/5 Stars Overall
  • Minimum Deposit: $5.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00

Range of investments

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 TradeStation logoTradeStation
SoFi Invest® logoSoFi Invest®
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info No Yes
OTC Stocks info Yes Yes
Mutual Funds info Yes Yes
Options Trading info Yes Yes
Futures Trading info Yes No
Crypto Trading info No No info
Crypto Trading - Total Coins info 0 0
Range of Investments 4.5/5 Stars 3.5/5 Stars

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

Trading platforms and tools

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 TradeStation logoTradeStation
SoFi Invest® logoSoFi Invest®
Web Trading Platform info Yes Yes
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info No No
Paper Trading info Yes No
Watch Lists - Total Fields info 341 3
Charting - Indicators / Studies info 294 0
Charting - Drawing Tools info 23 0
Platforms & Tools 4.5/5 Stars 1.5/5 Stars

Dive deeper: 7 Best Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025

Featured Offers


5/5 Stars

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Beginners and education

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 TradeStation logoTradeStation
SoFi Invest® logoSoFi Invest®
Education (Stocks) info Yes Yes
Education (ETFs) info No Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info No Yes
Education (Bonds) info No Yes
Paper Trading info Yes No
Videos info Yes No
Webinars info Yes Yes
Education 3/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

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 TradeStation logoTradeStation
SoFi Invest® logoSoFi Invest®
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No No
Stock Alerts info Yes No
Charting - After-Hours info Yes No
Charting - Technical Studies info 45 0
Mobile Trading Apps 4.5/5 Stars 3.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

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 TradeStation logoTradeStation
SoFi Invest® logoSoFi Invest®
Minimum Deposit info $0.00 $5.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.60 $0.00
Options Exercise Fee info $14.95 $5.00
Options Assignment Fee info $5.95 $5.00
IRA Annual Fee info $35.00 $0.00
IRA Closure Fee info $50.00 $20.00

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

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 TradeStation logoTradeStation
SoFi Invest® logoSoFi Invest®
Streaming Time & Sales info Yes No
Streaming TV info No No
Direct Market Routing - Stocks info Yes No
Level 2 Quotes - Stocks info Yes No
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info Yes No
Short Locator info Yes No

Dive deeper: Best Day Trading Platforms for 2025

Market Research

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 TradeStation logoTradeStation
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 Stars 0.5/5 Stars

Banking

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 TradeStation logoTradeStation
SoFi Invest® logoSoFi Invest®
Checking Accounts info No Yes
Savings Accounts info No Yes
Debit Cards info No 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 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.

FAQs

Can you trade cryptocurrency with TradeStation or SoFi Invest®?

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

Does TradeStation or SoFi Invest® offer IRAs?

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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Compare

0 of 5
Overall Rating TradeStation SoFi Invest®
Overall 4/5 Stars 3/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 1.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3.5/5 Stars
Research 2/5 Stars 0.5/5 Stars
Customer Service 3.5/5 Stars 4.5/5 Stars
Education 3/5 Stars 4.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
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 info $0.00 $5.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info $0.01 info N/A
Mutual Fund Trade Fee info $14.95 $0
Options (Per Contract) info $0.60 $0.00
Futures (Per Contract) info $1.50 $0.00
Broker Assisted Trade Fee info $25 N/A
Margin Rates TradeStation SoFi Invest®
Margin Rate Under $25,000 info 13.0% 11.25%
Margin Rate $25,000 to $49,999.99 info 13.0% 11.25%
Margin Rate $50,000 to $99,999.99 info 12.5% 11.25%
Margin Rate $100,000 to $249,999.99 info 12.0% 11.25%
Margin Rate $250,000 to $499,999.99 info 12.0% 11.25%
Margin Rate $500,000 to $999,999.99 info 7.5% info 11.25%
Margin Rate Above $1,000,000 info 7.5% info 11.25%
Account Fees TradeStation SoFi Invest®
IRA Annual Fee info $35.00 $0.00
IRA Closure Fee info $50.00 $20.00
Account Transfer Out (Partial) info $125.00 $100.00
Account Transfer Out (Full) info $125.00 $100.00
Options Exercise Fee info $14.95 $5.00
Options Assignment Fee info $5.95 $5.00
Investment Options TradeStation SoFi Invest®
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info No Yes
OTC Stocks info Yes Yes
Options Trading info Yes Yes
Complex Options Max Legs info 4 0
Futures Trading info Yes No
Forex Trading info No No
Crypto Trading info No No info
Crypto Trading - Total Coins info 0 0
Mutual Funds (No Load) info 800 0
Mutual Funds (Total) info 4000 6000
Bonds (US Treasury) info Yes No
Bonds (Corporate) info Yes No
Bonds (Municipal) info Yes No
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info No Yes
International Countries (Stocks) info 0 0
Order Types TradeStation 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 Yes No
Order Type - OTO info Yes No
Order Type - Broker Assisted info Yes No
Beginners TradeStation SoFi Invest®
Education (Stocks) info Yes Yes
Education (ETFs) info No 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 No Yes
Paper Trading info Yes No
Videos info Yes No
Webinars info Yes Yes
Webinars (Archived) info Yes Yes
Progress Tracking info No No
Interactive Learning - Quizzes info No No
Stock Trading Apps TradeStation SoFi Invest®
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No 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 TradeStation 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 TradeStation 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 45 0
Charting - Study Customizations info Yes No
Charting - Stock Comparisons info No No
Trading Platforms TradeStation SoFi Invest®
Active Trading Platform info TradeStation 10 N/A
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info No No
Web Trading Platform info Yes Yes
Paper Trading info Yes No
Trade Journal info No No
Watch Lists - Total Fields info 341 3
Stock Chart Features TradeStation SoFi Invest®
Charting - Adjust Trades on Chart info Yes No
Charting - Indicators / Studies info 294 0
Charting - Drawing Tools info 23 0
Charting - Notes info Yes No
Charting - Index Overlays info Yes No
Charting - Historical Trades info Yes No
Charting - Corporate Events info Yes No
Charting - Custom Date Range info Yes No
Charting - Custom Time Bars info Yes No
Charting - Automated Analysis info Yes No
Charting - Save Profiles info Yes No
Trade Ideas - Technical Analysis info Yes No
Charting - Study Customizations info 12 0
Charting - Custom Studies info Yes No
Day Trading TradeStation SoFi Invest®
Streaming Time & Sales info Yes No
Streaming TV info No No
Direct Market Routing - Stocks info Yes No
Ladder Trading info Yes No
Trade Hotkeys info Yes No
Level 2 Quotes - Stocks info Yes No
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info Yes No
Short Locator info Yes No
Order Liquidity Rebates info Yes No
Research Overview TradeStation 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 Yes Yes
Stock Research TradeStation SoFi Invest®
Stock Research - PDF Reports info 0 0
Stock Research - Earnings info No 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 TradeStation SoFi Invest®
ETFs - Strategy Overview info No Yes
ETF Fund Facts - Inception Date info No No
ETF Fund Facts - Expense Ratio info No Yes
ETF Fund Facts - Net Assets info No No
ETF Fund Facts - Total Holdings info No No
ETFs - Top 10 Holdings info No Yes
ETFs - Sector Exposure info No No
ETFs - Risk Analysis info No No
ETFs - Ratings info No No
ETFs - Morningstar StyleMap info No No
ETFs - PDF Reports info No No
Mutual Fund Research TradeStation 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 Yes 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 TradeStation 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 29 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 Yes No
Option Probability Analysis Adv info Yes No
Option Positions - Greeks info Yes No
Option Positions - Greeks Streaming info Yes No
Option Positions - Adv Analysis info Yes No
Option Positions - Rolling info Yes No
Option Positions - Grouping info Yes No
Banking TradeStation 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 No Yes
Mortgage Loans info No Yes
Customer Service TradeStation SoFi Invest®
Phone Support (Prospect Customers) info Yes Yes
Phone Support (Current Customers) info Yes Yes
Email Support info Yes No
Live Chat (Prospect Customers) info Yes Yes
Live Chat (Current Customers) info Yes Yes
24/7 Support info No No
Overall TradeStation SoFi Invest®
Overall 4/5 Stars 3/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 1.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3.5/5 Stars
Research 2/5 Stars 0.5/5 Stars
Education 3/5 Stars 4.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review TradeStation Review SoFi Invest® Review
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