United States
United Kingdom
Germany
Netherlands
Australia
United Arab Emirates
Canada
Italy
Spain
Austria
Croatia
Serbia
Portugal
CyprusRobinhood vs SoFi Invest
What each one charges, who licenses it, and how they rank against each other country by country.
The short version
The United States is the one country where we rank both for stocks, and Robinhood comes out ahead there.
We score each country separately, based on the company that would actually hold your account there, so check your own country in the table below.
On the one fee we could check for both, they charge the same.
Both hold top-tier (tier-1) licences: Robinhood from SEC / FINRA and NYDFS, SoFi Invest from SEC / FINRA.
- Both charge the same for US stock orders: $0 per order.
- We list Robinhood in 9 of the 14 countries we cover and SoFi Invest in 1. They overlap in 1.Edge: Robinhood
- Only Robinhood offers crypto.
- Robinhood gets more search attention than SoFi Invest (Market Signal 80 vs 74). That tells you how well known it is, not how good it is.
Where you can use each one
Where each one ranks on our list in every country we cover, its Coinish Score there, and the company that would hold your account. If a broker isn't allowed to take clients from a country, it isn't on that country's list.
Stock brokers & investing apps
| Country | Robinhood | SoFi Invest |
|---|---|---|
| United States | #1 of 980/100Locally licensed Robinhood Financial LLC · SEC / FINRA | #5 of 973/100Locally licensed SoFi Securities LLC · SEC / FINRA |
Fees and features side by side
| Robinhood | SoFi Invest | |
|---|---|---|
| Products | Stocks & ETFs, Options, Crypto | Stocks & ETFs |
| Owner | Robinhood Markets, Inc. | Not verified yet |
| US stock commission | $0 per order | $0 per order |
| Crypto trading fee | 0.95%, base-tier taker fee on the order book | Not verified yet |
| Currency conversion fee | 0.1% | Not verified yet |
| Inactivity fee | None | $25 per account inactive for the preceding 6 months (logging in counts as activity) |
| Withdrawal fee | None | Not verified yet |
| Minimum deposit | $0 (Robinhood Financial LLC) | $5 (SoFi Securities LLC) |
| Instruments | Not verified yet | Not verified yet |
| Fractional shares | Yes | Yes |
| Platforms | Robinhood app, Robinhood Legend (desktop) | SoFi app |
| Deposit methods | Bank transfer | Not verified yet |
| Withdrawal time (stated) | standard bank transfer: 1 day on Robinhood (bank may take longer) | Not verified yet |
| Demo account | Not verified yet | Not verified yet |
| Support |
Every figure comes from the broker's own pages or its regulator. You'll find the sources in each review (Robinhood, SoFi Invest).
Licences
Robinhood
- Robinhood Financial LLC: SEC / FINRA (Tier 1)
- Robinhood Europe UAB: Bank of Lithuania (Tier 2)
- Robinhood Crypto, LLC: NYDFS (Tier 1)
SoFi Invest
- SoFi Securities LLC: SEC / FINRA (Tier 1)
Robinhood vs SoFi Invest: common questions
Which is better, Robinhood or SoFi Invest?
The United States is the one country where we rank both for stocks, and Robinhood comes out ahead there. For reference, Robinhood's best ranking is #1 of 9 stock brokers & investing apps in the United States, and SoFi Invest's best ranking is #5 of 9 stock brokers & investing apps in the United States.
Is Robinhood cheaper than SoFi Invest?
Both charge the same for US stock orders: $0 per order.
Is Robinhood or SoFi Invest better regulated?
Both hold top-tier (tier-1) licences: Robinhood from SEC / FINRA and NYDFS, SoFi Invest from SEC / FINRA. Which company you actually sign up with depends on where you live; the country table on this page names it for each one.
Can I use both Robinhood and SoFi Invest where I live?
We list Robinhood in 9 of the 14 countries we cover and SoFi Invest in 1. They overlap in 1. For stocks, you'll find both on our lists in United States.