StockBrokers.com is committed to the highest ethical standards and reviews services independently. Learn how we make money.

Tradier vs SoFi Invest 2024

StockBrokers.com

Written by StockBrokers.com

October 30, 2024

In this head to head comparison of Tradier vs SoFi Invest, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.

Tradier
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.35 info
SoFi Invest
3.5/5 Stars Overall
  • Minimum Deposit: $5.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00

Investment options

When it comes to investment options, Tradier edges out SoFi Invest with a higher rating and ranking. Tradier's investment offerings receive a 4-star rating, ranking it 13th among 18 brokers, while SoFi Invest garners a 3-star rating, placing it at 16th. Both platforms provide extensive account choices like traditional and Roth IRAs, but their differences in available asset classes may sway investors looking for specific features. Overall, Tradier appears to be the more robust option for diverse investment needs based on rankings and ratings.

Tradier and SoFi Invest both offer basic stock and options trading, along with mutual fund investments. However, potential traders seeking fractional shares and access to OTC stocks will find SoFi Invest more accommodating, as Tradier lacks these capabilities. On the other hand, Tradier offers futures trading, a feature SoFi Invest does not provide, catering to investors looking for more advanced trading functionalities.

Additionally, while neither Tradier nor SoFi Invest supports forex and crypto trading, SoFi Invest distinguishes itself by offering advisor services—a crucial component for investors seeking guided financial advice. Both platforms have their unique strengths, and the choice between them largely depends on the specific needs and preferences of the individual investor.

Feature Tradier logoTradier
SoFi Invest logoSoFi Invest
Stock Trading info Yes Yes
Margin Trading Yes Yes
Fractional Shares info No Yes
OTC Stocks info No 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
Investment Options 4/5 Stars 3/5 Stars

Dive deeper: Best Options Trading Platforms for 2024, Best Futures Trading Platforms for 2024

Trading platforms and tools

In the realm of online trading platforms and tools, Tradier holds a distinct edge over SoFi Invest. Tradier is rated 3.5 stars compared to SoFi Invest's 2.5 stars and ranks tenth out of eighteen brokers according to StockBrokers.com, while SoFi Invest ranks fifteenth. Tradier's appealing features, such as browser-based trading, robust technical indicators for charting, and the ability to add notes and show historical trades on charts, make it a compelling choice for traders seeking comprehensive analytical tools. Moreover, Tradier also offers paper trading, a feature absent in SoFi Invest, allowing users to practice their trading strategies without real financial risk.

Both Tradier and SoFi Invest lack downloadable desktop trading platforms for Windows and Mac, offering browser-based options instead. This accessibility simplifies the process for users who prefer trading through web interfaces. Their watchlist capabilities are evenly matched, with both platforms providing three columns to help traders track their preferred stocks. However, neither platform allows direct adjustments to open orders on stock charts or includes a trading journal for reflecting on past trades.

When it comes to charting capabilities, Tradier surpasses SoFi Invest with 95 available technical indicators, while SoFi Invest offers none. Although neither platform provides drawing tools or certain customization features like automated technical analysis, Tradier includes seven customization fields for editing SMA studies in stock charts, unlike SoFi Invest. For traders prioritizing technical analysis and customization options, Tradier's tools position it as the superior choice in this head-to-head comparison.

Feature Tradier logoTradier
SoFi Invest logoSoFi Invest
Web Trading Platform info Yes Yes
Desktop Trading Platform info No info No
Desktop Platform (Mac) info No info No
Paper Trading info Yes No
Watch Lists - Total Fields info 3 3
Charting - Indicators / Studies info 95 0
Charting - Drawing Tools info 0 0
Platforms & Tools 3.5/5 Stars 2.5/5 Stars

Dive deeper: Best Stock Brokers & Trading Platforms for 2024, Best Paper Trading Platforms for 2024

Featured Offers


5/5 Stars

Open and fund & get up to $1,000.

5/5 Stars

Trade with thinkorswim®, now at Schwab.

Beginners and education

When it comes to investor education for beginners, SoFi Invest significantly outperforms Tradier. SoFi Invest offers a comprehensive suite of educational resources that cover stocks, ETFs, options, mutual funds, and bonds, providing a solid foundation for novice investors. Additionally, SoFi Invest enhances learning through dynamic webinars, despite lacking educational videos and quizzes. In contrast, Tradier's educational offerings are sparse, with no resources available for stocks, ETFs, options, mutual funds, or bonds education; however, it does provide paper trading for practical, risk-free experience.

In terms of ratings and rankings, SoFi Invest receives an impressive 4.5 stars for its educational offerings and is ranked 7th out of 18 brokers by StockBrokers.com. This positions SoFi Invest as a leading choice for beginner and investor education. Meanwhile, Tradier earns a modest 2-star rating and is ranked 17th, indicating that it lags behind competitors in this crucial area. Consequently, for those seeking a rich educational experience to enhance their investing skills, SoFi Invest clearly stands out over Tradier.

Feature Tradier logoTradier
SoFi Invest logoSoFi Invest
Education (Stocks) info No Yes
Education (ETFs) info No Yes
Education (Options) info No Yes
Education (Mutual Funds) info No Yes
Education (Bonds) info No Yes
Paper Trading info Yes No
Videos info No No
Webinars info No Yes
Education 2/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2024

Stock trading apps

When comparing Tradier and SoFi Invest for their stock trading app capabilities, Tradier tends to have a slight edge. Tradier offers mobile after-hours stock trading and mobile options trading, both absent from SoFi Invest. Additionally, Tradier includes streaming quotes and the ability to create custom watch lists, further distinguishing its services from those of SoFi Invest. Tradier's stock trading app holds a 4-star rating, making it a popular choice amongst users, while SoFi Invest comes in at 3 stars. Tradier ranks #15 among 18 brokers according to StockBrokers.com, whereas SoFi Invest follows just behind at #16.

Both Tradier and SoFi Invest provide apps for iPhone and Android platforms, catering to a wide spectrum of mobile users. However, neither broker has extended its app capabilities to Apple Watch nor incorporated features like streaming live TV or video-on-demand. Additionally, both apps lack functionalities such as after-hours charting and customizable watch list columns. Users seeking stock alerts will also find neither app currently offers this feature.

While both Tradier and SoFi Invest allow viewing multiple time frames for charting, they do not offer technical studies or the ability to display stock comparisons on charts. Neither supports viewing charts in landscape mode, which may be a consideration for those specifically seeking advanced charting features. Despite these limitations, Tradier's enhanced mobile trading capabilities and higher user ratings suggest it might be the more favorable option for users focused on these aspects.

Feature Tradier logoTradier
SoFi Invest logoSoFi Invest
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No No
Stock Alerts info No No
Charting - After-Hours info No No
Charting - Technical Studies info 0 0
Mobile Trading Apps 4/5 Stars 3/5 Stars

Dive deeper: Best Stock Trading Apps for 2024

Fees

When evaluating the account fees and charges associated with Tradier and SoFi Invest, SoFi Invest stands out with a few advantages, particularly when it comes to options trading and IRA management. While both Tradier and SoFi Invest offer commission-free regular stock trades, Tradier charges $0.35 per options contract, whereas SoFi Invest offers this service without any fee. Moreover, SoFi Invest does not impose any annual fees on IRAs, contrasting with Tradier's $30.00 charge, making it a more economical choice for investors prioritizing cost-efficiency in these areas.

Both Tradier and SoFi Invest provide competitive services with no minimum deposit requirement for Tradier and a nominal $5.00 requirement for SoFi Invest. For traders who maintain margin balances below $25,000, Tradier offers a lower interest rate of 9.5% compared to SoFi's 11.25%. However, despite Tradier's more favorable margin rates, SoFi Invest’s $0.00 options contract fee can lead to significant savings for options traders who frequently engage in the options market.

For account transfers, Tradier is slightly less expensive, charging $75.00 for both partial and full Account Transfers (ACAT), compared to SoFi's $100.00 fee. Furthermore, in the case of IRA closure fees, Tradier's charge of $60.00 is considerably higher than SoFi Invest's $20.00. Options exercise and assignment fees are also more favorable with SoFi Invest, costing $5.00 compared to Tradier's $9.00. Therefore, potential traders should weigh these fees carefully based on their specific trading habits and account management preferences.

Feature Tradier logoTradier
SoFi Invest logoSoFi Invest
Minimum Deposit $0.00 $5.00
Stock Trades $0.00 $0.00
Options (Per Contract) $0.35 info $0.00
Options Exercise Fee $9.00 $5.00
Options Assignment Fee $9.00 $5.00
IRA Annual Fee $30.00 info $0.00
IRA Closure Fee $60.00 $20.00
Commissions & Fees 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Free Trading Platforms for 2024

Day Trading

When evaluating Tradier and SoFi Invest for their day trading capabilities, both platforms show limitations in key features essential for active traders. Neither Tradier nor SoFi Invest offer streaming time and sales for stocks, streaming live TV, direct market routing, or ladder trading, all of which are important for traders seeking rapid execution and data analysis. Moreover, neither platform provides trading hotkeys for keyboard trade entry, which can be crucial for traders who rely on speed and efficiency during active trading sessions.

Additionally, both Tradier and SoFi Invest lack advanced features commonly sought by day traders, such as level 2 quotes, basic and advanced strategy backtesting, and a short locator tool to view real-time availability of shares for short selling. Furthermore, traders looking to benefit from order liquidity maker/taker rebates will not find such incentives on either platform. In a comparison focused on day trading capabilities, Tradier and SoFi Invest offer similar limitations, providing a basic trading experience that may not fully meet the needs of more experienced day traders.

Feature Tradier logoTradier
SoFi Invest logoSoFi Invest
Streaming Time & Sales info No No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Level 2 Quotes - Stocks info No No
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No

Dive deeper: Best Day Trading Platforms for 2024

Market Research

When it comes to market research capabilities, Tradier slightly outperforms SoFi Invest. Tradier provides stock and ETF research, which gives it an edge over SoFi Invest, offering no such research in either category. This marginal advantage is reflected in Tradier's 2.5-star rating, compared to SoFi Invest's 2 stars for market research, according to StockBrokers.com rankings, where Tradier ranks 16th out of 18 brokers while SoFi Invest is positioned at the bottom.

Despite Tradier’s advantage in providing some level of stock and ETF research, both platforms share several limitations in their market research offerings. Neither broker provides mutual fund, Pink Sheets/OTCBB, or bond research capabilities. Additionally, neither offers further insights such as social media sentiment data or ESG (Environmental, Social, and Governance) research. This lack of advanced market research tools limits their appeal for traders looking for comprehensive analytical capabilities.

No downloadable PDF research reports are available from either Tradier or SoFi Invest for stocks, ETFs, or mutual funds. Also absent from their offerings are screeners for trade ideas across stocks, ETFs, mutual funds, and bonds. However, SoFi Invest does offer users the ability to view portfolio allocation by asset class, a feature not provided by Tradier. While Tradier paves a path with its basic stock and ETF research, neither platform stands out substantially in terms of overall market research tools.

Feature Tradier logoTradier
SoFi Invest logoSoFi Invest
Research - Stocks info Yes No
Screener - Stocks info No No
Research - ETFs info Yes No
Screener - ETFs info No No
Research - Mutual Funds info No No
Screener - Mutual Funds info No No
Research - Bonds info No No
Screener - Bonds info No No
Research 2.5/5 Stars 2/5 Stars

Banking

When comparing the banking capabilities of online brokers Tradier and SoFi Invest, SoFi Invest emerges as the more comprehensive option. Unlike Tradier, which does not provide traditional banking services, SoFi Invest offers a variety of banking features including checking and savings accounts. Additionally, SoFi Invest provides users with debit and credit card options, enhancing flexibility for everyday transactions. For those interested in homeownership, SoFi Invest also extends mortgage loan services, again a feature not available with Tradier. Both platforms, however, do not offer Certificates of Deposit (CDs). Overall, SoFi Invest's extensive banking services make it a more rounded choice for users seeking integrated financial solutions.

Feature Tradier logoTradier
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 2024

Winner

After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that Tradier is better than SoFi Invest. Tradier finished with an overall score of 77.0%, while SoFi Invest finished with a score of 73.7%.

If you’re trying out advanced charting applications and want to trade from them, Tradier Brokerage is a very logical choice, though as a stand-alone broker it trails the offerings of industry leaders.

FAQs

Can you trade cryptocurrency with Tradier or SoFi Invest?

When comparing online brokers Tradier and SoFi Invest, both platforms currently do not offer cryptocurrency trading, with neither providing any coins for crypto transactions.

Dive deeper: Best Online Brokers for Crypto Trading in 2024

Does Tradier or SoFi Invest offer IRAs?

Both Tradier and SoFi Invest offer traditional and Roth IRA accounts, but while SoFi Invest charges no annual fee for IRA accounts compared to Tradier's $30.00 annual fee, closing an IRA account with SoFi Invest incurs a fee of $20.00, which is significantly lower than Tradier's $60.00 closure fee.

Dive deeper: Best IRA Accounts for 2024

Popular trading guides

More trading guides

Popular broker reviews


Select Brokers

×
  • check_box_outline_blankcheck_boxAlly Invest
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxCiti Self Invest
  • check_box_outline_blankcheck_boxE*TRADE
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFidelity
  • check_box_outline_blankcheck_boxFirstrade
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxJ.P. Morgan Self-Directed Investing
  • check_box_outline_blankcheck_boxMerrill Edge
  • check_box_outline_blankcheck_boxPublic.com
  • check_box_outline_blankcheck_boxRobinhood
  • check_box_outline_blankcheck_boxSoFi Invest
  • check_box_outline_blankcheck_boxtastytrade
  • check_box_outline_blankcheck_boxTradeStation
  • check_box_outline_blankcheck_boxTradier
  • check_box_outline_blankcheck_boxVanguard
  • check_box_outline_blankcheck_boxWebull

Compare

0 of 5
Overall Rating Tradier SoFi Invest
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4/5 Stars 3/5 Stars
Platforms & Tools 3.5/5 Stars 2.5/5 Stars
Mobile Trading Apps 4/5 Stars 3/5 Stars
Research 2.5/5 Stars 2/5 Stars
Customer Service 3.5/5 Stars 4/5 Stars
Education 2/5 Stars 4.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Tradier Review SoFi Invest Review
Broker Screenshots Tradier 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 Tradier SoFi Invest
Minimum Deposit $0.00 $5.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) info N/A N/A
Mutual Fund Trade Fee $30 info $0
Options (Per Contract) $0.35 info $0.00
Futures (Per Contract) $1.50 info $0.00
Broker Assisted Trade Fee $10 N/A
Margin Rates Tradier SoFi Invest
Margin Rate Under $25,000 9.5% 11.25%
Margin Rate $25,000 to $49,999.99 9.5% 11.25%
Margin Rate $50,000 to $99,999.99 9.5% 11.25%
Margin Rate $100,000 to $249,999.99 9.5% 11.25%
Margin Rate $250,000 to $499,999.99 9.5% 11.25%
Margin Rate $500,000 to $999,999.99 9.5% 11.25%
Margin Rate Above $1,000,000 9.5% 11.25%
Account Fees Tradier SoFi Invest
IRA Annual Fee $30.00 info $0.00
IRA Closure Fee $60.00 $20.00
Account Transfer Out (Partial) info $75.00 $100.00
Account Transfer Out (Full) info $75.00 $100.00
Options Exercise Fee $9.00 $5.00
Options Assignment Fee $9.00 $5.00
Investment Options Tradier SoFi Invest
Stock Trading info Yes Yes
Margin Trading Yes Yes
Fractional Shares info No Yes
OTC Stocks info No 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 0 0
Mutual Funds (Total) info 0 6000
Bonds (US Treasury) info No No
Bonds (Corporate) info No No
Bonds (Municipal) info No No
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info No Yes
International Countries (Stocks) info 0 0
Order Types Tradier 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 No No
Order Type - OCO info Yes No
Order Type - OTO info Yes No
Order Type - Broker Assisted info Yes No
Beginners Tradier SoFi Invest
Education (Stocks) info No Yes
Education (ETFs) info No Yes
Education (Options) info No 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 No No
Webinars info No Yes
Webinars (Archived) info No Yes
Progress Tracking info No No
Interactive Learning - Quizzes info No No
Stock Trading Apps Tradier 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 No No
Stock App Features Tradier SoFi Invest
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No No
Videos on Demand info No No
Stock Alerts info No No
Option Chains Viewable info Yes No
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info No No
Watch Lists - Create & Manage info Yes No
Watch Lists - Column Customization info No No
Stock App Charting Tradier SoFi Invest
Charting - After-Hours info No No
Charting - Can Turn Horizontally info No No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 0 0
Charting - Study Customizations info No No
Charting - Stock Comparisons info No No
Trading Platforms Tradier SoFi Invest
Active Trading Platform info TradeHawk N/A
Desktop Trading Platform info No info No
Desktop Platform (Mac) info No info No
Web Trading Platform info Yes Yes
Paper Trading info Yes No
Trade Journal info No No
Watch Lists - Total Fields info 3 3
Stock Chart Features Tradier SoFi Invest
Charting - Adjust Trades on Chart info No No
Charting - Indicators / Studies info 95 0
Charting - Drawing Tools info 0 0
Charting - Notes info Yes No
Charting - Index Overlays info No No
Charting - Historical Trades info Yes No
Charting - Corporate Events info No No
Charting - Custom Date Range info No No
Charting - Custom Time Bars info No No
Charting - Automated Analysis info No No
Charting - Save Profiles info No No
Trade Ideas - Technical Analysis info No No
Charting - Study Customizations info 7 0
Charting - Custom Studies info No No
Day Trading Tradier SoFi Invest
Streaming Time & Sales info No No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Ladder Trading info No No
Trade Hotkeys info No No
Level 2 Quotes - Stocks info No No
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No
Order Liquidity Rebates info No No
Research Overview Tradier SoFi Invest
Research - Stocks info Yes No
Research - ETFs info Yes No
Research - Mutual Funds info No No
Research - Pink Sheets / OTCBB info No No
Research - Bonds info No No
Screener - Stocks info No No
Screener - ETFs info No No
Screener - Mutual Funds info No No
Screener - Bonds info No No
Misc - Portfolio Allocation info No Yes
Stock Research Tradier 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 No Yes
Stock Research - ESG info No No
Stock Research - SEC Filings info No No
ETF Research Tradier 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 Tradier SoFi Invest
Mutual Funds - Strategy Overview info No No
Mutual Funds - Performance Chart info No No
Mutual Funds - Performance Analysis info No No
Mutual Funds - Prospectus info No No
Mutual Funds - 3rd Party Ratings info No No
Mutual Funds - Fees Breakdown info No No
Mutual Funds - Top 10 Holdings info No No
Mutual Funds - Asset Allocation info No No
Mutual Funds - Sector Allocation info No No
Mutual Funds - Country Allocation info No No
Mutual Funds - StyleMap info No No
Options Trading Tradier SoFi Invest
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info No No
Option Chains - Streaming info No No
Option Chains - Total Columns info 8 0
Option Chains - Greeks info 1 0
Option Chains - Quick Analysis info Yes No
Option Analysis - P&L Charts info No No
Option Probability Analysis info No No
Option Probability Analysis Adv info No No
Option Positions - Greeks info No No
Option Positions - Greeks Streaming info No No
Option Positions - Adv Analysis info No No
Option Positions - Rolling info No No
Option Positions - Grouping info No No
Banking Tradier 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 Tradier 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 No Yes
Live Chat (Current Customers) info No Yes
24/7 Support info No No
Overall Tradier SoFi Invest
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4/5 Stars 3/5 Stars
Platforms & Tools 3.5/5 Stars 2.5/5 Stars
Mobile Trading Apps 4/5 Stars 3/5 Stars
Research 2.5/5 Stars 2/5 Stars
Education 2/5 Stars 4.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Tradier Review SoFi Invest Review
arrow_upward

close