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Webull vs SoFi Invest® 2025

StockBrokers.com

Written by StockBrokers.com

February 20, 2025

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

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

Range of investments

In the world of online investing, Webull and SoFi Invest® each offer a unique suite of options to suit various investor needs. Webull is slightly superior for its range of investments, earning 4 stars and a rank of 12th out of 16 brokers in the StockBrokers.com assessment. Meanwhile, SoFi Invest® scores 3.5 stars and ranks 14th. However, both platforms provide essential investment tools, ensuring a comprehensive experience for users seeking avenues in stocks, options, and IRA accounts.

Webull caters to traders looking for a broader spectrum of trading options. It provides stock and margin trading, fractional shares, OTC stocks, and options trading, alongside the unique inclusion of futures trading. While it doesn't offer mutual fund or crypto trading, its capabilities are bolstered by the availability of both traditional and Roth IRA accounts, catering to long-term retirement planning needs. On the flip side, it lacks forex trading and any advisor services for those seeking professional guidance.

SoFi Invest® stands out with its inclusion of mutual funds, stock trading, margin trading, fractional shares, OTC stocks, and options trading. It also provides traditional and Roth IRA accounts, facilitating retirement investments. Additionally, SoFi Invest® distinguishes itself by offering advisor services, which can be a significant asset for investors seeking tailored financial advice. However, it does not provide access to futures or crypto trading, limiting those particular investment avenues for users.

Feature Webull logoWebull
SoFi Invest® logoSoFi Invest®
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes Yes
OTC Stocks info Yes Yes
Mutual Funds info No 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 Stars 3.5/5 Stars

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

Trading platforms and tools

Webull and SoFi Invest® offer different experiences for traders regarding their platforms and tools. Webull shines by offering extensive features like downloadable trading platforms compatible with Windows and Mac, a browser-based platform, and paper trading capabilities. Meanwhile, SoFi Invest® has a simpler approach with just a browser-based trading platform and lacks the advanced tools and customization options found in Webull. As a result, Webull's trading platforms and tools are rated 4 stars, ranking it 7th out of 16 brokers, compared to SoFi Invest®'s 1.5-star rating and 16th place rank by StockBrokers.com.

Webull's platform is rich with features designed to cater to active traders. It supports a customizable trading experience with 35 watch list fields, 52 technical indicators, 19 drawing tools, and the ability to add notes, index overlays, and display corporate events on charts. It also offers the convenience of adjusting open orders directly on a stock chart, showing historical trades, and incorporating automated technical analysis. Moreover, users can create custom studies and save multiple chart profiles to enhance their trading tactics further.

In contrast, SoFi Invest® presents a minimalist trading interface, primarily focusing on simplicity over functionality. It offers only three columns for watch list fields and does not support technical indicators, drawing tools, or customization options like adding notes or displaying corporate events on charts. Furthermore, SoFi Invest® misses out on advanced features such as paper trading, adjusting orders directly on charts, and automated technical analysis, which may impact the overall trading experience for seasoned investors seeking comprehensive tools and flexible features.

Feature Webull logoWebull
SoFi Invest® logoSoFi Invest®
Web Trading Platform info Yes Yes
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info Yes No
Paper Trading info Yes No
Watch Lists - Total Fields info 35 3
Charting - Indicators / Studies info 52 0
Charting - Drawing Tools info 19 0
Platforms & Tools 4/5 Stars 1.5/5 Stars

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

Featured Offers


5/5 Stars

Up to $10K on new retirement account*

Beginners and education

Webull and SoFi Invest® are popular choices for beginners and offer different educational tools to help you navigate investing. Webull provides comprehensive educational resources including stock, ETF, and options tutorials, and even lets you test your skills with paper trading. It also engages users with interactive features like educational quizzes and videos, and allows you to track your learning progress, making it effective for hands-on learners. However, it falls short when it comes to mutual funds and bonds education. Despite this, Webull has earned a solid rating of 4 stars as per investor feedback.

On the other hand, SoFi Invest® focuses on a broader scope of investment education, including mutual funds and bonds, which Webull lacks. It offers a structured approach through webinars and provides strong theoretical foundations, even without additional features like paper trading or quizzes. Although it doesn’t include video content or learning tracking, its focused and wide-ranging coverage of investment types contributes to its higher rating of 4.5 stars for educational quality. Overall, SoFi Invest® ranks higher at #6 compared to Webull at #11 in StockBrokers.com's education rankings, highlighting its strong appeal to investors seeking comprehensive guidance.

Feature Webull logoWebull
SoFi Invest® logoSoFi Invest®
Education (Stocks) info Yes Yes
Education (ETFs) info Yes 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 4/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

When it comes to stock trading apps, Webull and SoFi Invest® cater to different users, offering unique features that cater to diverse trading preferences. Overall, Webull tends to be favored for its more comprehensive options, receiving a rating of 4.5 stars compared to SoFi Invest®'s 3.5 stars. Additionally, in a ranking of 16 brokers by StockBrokers.com, Webull holds the #5 spot, while SoFi Invest® is positioned at #16, highlighting the distinct capabilities of Webull’s app in terms of usability and functionality.

Both Webull and SoFi Invest® provide iPhone and Android apps, making them accessible to a wide audience. However, Webull further extends its reach to the Apple Watch, a feature absent from SoFi Invest®. For traders interested in after-hours activities, Webull delivers after-hours stock trading and charting, as well as mobile options trading—features that SoFi Invest® does not offer on mobile. Webull also allows streaming quotes and provides important features like stock alerts and the capability to create custom watch lists, areas where SoFi Invest® falls short.

Focusing on charting tools, Webull is equipped with 56 technical studies, offering traders a wealth of information for analysis. In contrast, SoFi Invest® does not provide these technical studies. While both apps allow viewing charts in multiple time frames, only Webull enables users to see charts in landscape mode and compare stocks directly on those charts, thereby giving traders a more dynamic visual experience. In the rapidly evolving world of stock trading apps, Webull's comprehensive offerings make it a standout choice for both novice and seasoned investors.

Feature Webull logoWebull
SoFi Invest® logoSoFi Invest®
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Stock Alerts info Yes No
Charting - After-Hours info Yes No
Charting - Technical Studies info 56 0
Mobile Trading Apps 4.5/5 Stars 3.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

When weighing options between Webull and SoFi Invest®, it's crucial to consider fees and additional costs, which can significantly impact your investment experience. Webull emerges as a more cost-effective choice in most scenarios, thanks to its zero minimum deposit and lower margin rates across various tiers compared to SoFi Invest®. Moreover, when it comes to specialized fees such as options exercise and assignment, Webull continues to be the wallet-friendly choice with no charges, whereas SoFi Invest® applies a $5.00 fee. Overall, for those prioritizing lower fees alongside a minimal initial deposit requirement, Webull offers a more financially appealing platform.

Webull offers the advantage of a $0.00 minimum deposit, which can be enticing for investors just starting or those who prefer more flexible account funding. In contrast, SoFi Invest® requires a $5.00 minimum deposit. When it comes to trading regular stocks and options contracts, both platforms offer commission-free transactions, allowing investors to trade without additional costs. However, Webull shows significant savings on margin rates, charging lower interest percentages compared to SoFi Invest®, especially for balances below $50,000.

Investors planning to manage their retirement accounts will appreciate that neither Webull nor SoFi Invest® charge annual IRA fees, but it's important to note the potential cost at the point of closure; Webull charges nothing for IRA closure, compared to SoFi Invest®'s $20. In addition, transferring accounts can be a costly affair, with Webull charging $75 for both partial and full transfers, which remain less expensive than SoFi Invest®'s $100 fee. Overall, with options for lower fees in most categories, Webull represents the more economical option in this side-by-side comparison.

Feature Webull logoWebull
SoFi Invest® logoSoFi Invest®
Minimum Deposit info $0.00 $5.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.00 $0.00
Options Exercise Fee info $0.00 $5.00
Options Assignment Fee info $0.00 $5.00
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $20.00

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

When it comes to day trading, Webull and SoFi Invest® present distinct features. Webull stands out with its offering of streaming time and sales for stocks, allowing traders real-time access to transaction data that can be crucial for making informed decisions. In contrast, SoFi Invest® lacks this feature. Additionally, Webull includes ladder trading, a tool beneficial for grid traders looking to manage orders in a structured manner. The presence of trading hotkeys further streamlines the trading process for Webull users, facilitating quick and efficient trade entry directly from the keyboard—another feature not available with SoFi Invest®. Furthermore, Webull provides access to level 2 quotes, offering traders deeper insight into market dynamics by displaying additional pricing and order depth information that SoFi Invest® does not offer.

Both platforms share several similarities, notably the absence of certain advanced offerings. Neither Webull nor SoFi Invest® provides direct market routing, basic or advanced strategy backtesting, or a short locator tool for checking share availability for short selling. Streaming live TV and order liquidity rebates are also not part of their service offerings. These limitations suggest that while Webull is more equipped for those seeking certain day trading tools, particularly with features like ladder trading and level 2 quotes, both platforms may not meet the needs of highly advanced traders looking for extensive customization and market routing options.

Feature Webull logoWebull
SoFi Invest® logoSoFi Invest®
Streaming Time & Sales info Yes No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Level 2 Quotes - Stocks info Yes 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 2025

Market Research

When it comes to market research capabilities, Webull offers more tools and features compared to SoFi Invest®. Webull provides resources for stock, ETFs, and Pink Sheets/OTCBB research, coupled with the ability to leverage social media sentiment data to guide stock research. SoFi Invest®, on the other hand, lacks similar offerings in stock and ETF research and does not employ social media sentiment analysis. Despite both platforms not providing downloadable PDF research reports for stocks, ETFs, or mutual funds, Webull emerges as the stronger choice for investors seeking detailed market research tools.

Webull supports investors through its stock screener for trade ideas, although there are some limitations in the diversity of screeners, as it lacks options for ETFs, mutual funds, and bonds. SoFi Invest® does not offer any screener tools, providing limited support for generating investment ideas. Additionally, neither Webull nor SoFi Invest® offer ESG research or mutual fund research, which could be noteworthy for those interested in socially responsible investing.

While Webull does not offer insights into portfolio allocation by asset class, SoFi Invest® users can explore this feature to better manage their investments. When ranked by StockBrokers.com, Webull takes the 9th position out of 16 brokers for market research, while SoFi Invest® settles at the 16th spot. Overall, Webull earns a rating of 2.5 stars compared to SoFi Invest®'s 0.5 stars, indicating a relatively better strength in research capabilities.

Feature Webull logoWebull
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 2.5/5 Stars 0.5/5 Stars

Banking

When comparing the banking features of Webull and SoFi Invest®, SoFi Invest® stands out with a more comprehensive range of options for personal finance management. Unlike Webull, SoFi Invest® offers checking and savings accounts, providing customers with essential avenues for daily banking and saving needs. Additionally, SoFi Invest® offers both debit and credit cards, whereas Webull does not provide either option. For those looking toward homeownership, SoFi Invest® supports its users with mortgage loans, a service not available through Webull. Both Webull and SoFi Invest® do not offer certificates of deposit (CDs), keeping the playing field level in that particular area. In conclusion, SoFi Invest® provides more diverse banking capabilities in comparison to Webull, aligning well with those seeking a wider array of traditional banking products.

Feature Webull logoWebull
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 Webull is better than SoFi Invest®. Webull finished with an overall score of 81.0%, while SoFi Invest® finished with a score of 64.6%.

Webull is an excellent choice for beginning and intermediate traders. The user experience is outstanding, and Webull has better charts than its natural competitor, Robinhood. Options contracts are commission-free, but crypto markups and markdowns are on the high side. Experienced investors may eventually miss the features, research, and investment choices available at leading brokers.

FAQs

Can you trade cryptocurrency with Webull or SoFi Invest®?

Both Webull and SoFi Invest® do not offer crypto trading, as neither platform supports any coins for cryptocurrency trading.

Dive deeper: Best Online Brokers for Crypto Trading in 2025

Does Webull or SoFi Invest® offer IRAs?

Both Webull and SoFi Invest® offer traditional and Roth IRA accounts with no annual fees; however, Webull stands out by not charging a closure fee when closing IRA accounts, whereas SoFi Invest® imposes a $20.00 closure fee.

Dive deeper: Best IRA Accounts for 2025

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Compare

0 of 5
Overall Rating Webull SoFi Invest®
Overall 4/5 Stars 3/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 1.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3.5/5 Stars
Research 2.5/5 Stars 0.5/5 Stars
Customer Service 3/5 Stars 4.5/5 Stars
Education 4/5 Stars 4.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Webull Review SoFi Invest® Review
Broker Screenshots Webull 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 Webull SoFi Invest®
Minimum Deposit info $0.00 $5.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info N/A N/A
Mutual Fund Trade Fee info N/A $0
Options (Per Contract) info $0.00 $0.00
Futures (Per Contract) info $1.25 info $0.00
Broker Assisted Trade Fee info N/A N/A
Margin Rates Webull SoFi Invest®
Margin Rate Under $25,000 info 9.24% 11.25%
Margin Rate $25,000 to $49,999.99 info 8.74% 11.25%
Margin Rate $50,000 to $99,999.99 info 8.24% 11.25%
Margin Rate $100,000 to $249,999.99 info 7.74% 11.25%
Margin Rate $250,000 to $499,999.99 info 7.74% 11.25%
Margin Rate $500,000 to $999,999.99 info 6.74% 11.25%
Margin Rate Above $1,000,000 info 6.24% info 11.25%
Account Fees Webull SoFi Invest®
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $20.00
Account Transfer Out (Partial) info $75.00 $100.00
Account Transfer Out (Full) info $75.00 $100.00
Options Exercise Fee info $0.00 $5.00
Options Assignment Fee info $0.00 $5.00
Investment Options Webull SoFi Invest®
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes 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 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 Webull 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 No No
Beginners Webull SoFi Invest®
Education (Stocks) info Yes Yes
Education (ETFs) info Yes 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 Yes Yes
Paper Trading info Yes No
Videos info Yes No
Webinars info Yes Yes
Webinars (Archived) info Yes Yes
Progress Tracking info Yes No
Interactive Learning - Quizzes info Yes No
Stock Trading Apps Webull SoFi Invest®
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes 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 Webull 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 No No
Stock App Charting Webull SoFi Invest®
Charting - After-Hours info Yes No
Charting - Can Turn Horizontally info Yes No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 56 0
Charting - Study Customizations info Yes No
Charting - Stock Comparisons info Yes No
Trading Platforms Webull SoFi Invest®
Active Trading Platform info N/A N/A
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info Yes No
Web Trading Platform info Yes Yes
Paper Trading info Yes No
Trade Journal info No No
Watch Lists - Total Fields info 35 3
Stock Chart Features Webull SoFi Invest®
Charting - Adjust Trades on Chart info Yes No
Charting - Indicators / Studies info 52 0
Charting - Drawing Tools info 19 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 No No
Charting - Custom Time Bars info No No
Charting - Automated Analysis info Yes No
Charting - Save Profiles info Yes No
Trade Ideas - Technical Analysis info No No
Charting - Study Customizations info 2 0
Charting - Custom Studies info Yes No
Day Trading Webull SoFi Invest®
Streaming Time & Sales info Yes No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Ladder Trading info Yes No
Trade Hotkeys info Yes No
Level 2 Quotes - Stocks info Yes 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 Webull 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 No Yes
Stock Research Webull SoFi Invest®
Stock Research - PDF Reports info 0 0
Stock Research - Earnings info Yes No
Stock Research - Insiders info Yes No
Stock Research - Social info Yes No
Stock Research - News info Yes Yes
Stock Research - ESG info No No
Stock Research - SEC Filings info Yes No
ETF Research Webull SoFi Invest®
ETFs - Strategy Overview info Yes Yes
ETF Fund Facts - Inception Date info Yes No
ETF Fund Facts - Expense Ratio info Yes Yes
ETF Fund Facts - Net Assets info Yes No
ETF Fund Facts - Total Holdings info Yes No
ETFs - Top 10 Holdings info Yes Yes
ETFs - Sector Exposure info Yes No
ETFs - Risk Analysis info No No
ETFs - Ratings info Yes No
ETFs - Morningstar StyleMap info No No
ETFs - PDF Reports info No No
Mutual Fund Research Webull 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 Yes 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 Webull SoFi Invest®
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes No
Option Chains - Streaming info No No
Option Chains - Total Columns info 23 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 No No
Option Positions - Adv Analysis info No No
Option Positions - Rolling info Yes No
Option Positions - Grouping info No No
Banking Webull 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 Webull 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 Webull SoFi Invest®
Overall 4/5 Stars 3/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 1.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3.5/5 Stars
Research 2.5/5 Stars 0.5/5 Stars
Education 4/5 Stars 4.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Webull Review SoFi Invest® Review
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