Forex.com vs SoFi Invest

Forex.com vs SoFi Invest Comparison Table 2023
Forex.com	SoFi Invest
Review 4.5 Forex.com is #1 in our CFD broker rankings.	Review 3.8 SoFi Invest is #34 in our broker rankings.
Traders from US accepted	Traders from US accepted
Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.	SoFi Invest is an American wealth management and robo advisory service, providing equity and cryptocurrency investment portfolios with competitive fees.
Bonus Offer
No
Pros
Highly rated Demo account MT4 integration Low minimum deposit Fast execution speed Full range of investments Strong regulatory oversight Multiple account currencies
Cons
No copy trading
Awards
Best CFD Broker 2022 - Rankia Best HNW Service 2022 - Dubai Forex Expo Best US Broker 2020 - DayTrading.com Best US Broker 2019 - DayTrading.com Runner-Up - Best Forex Broker 2019 - DayTrading.com
Instruments
Forex, CFDs, Stocks, Indices, Commodities, Cryptos, Futures, Options	Stocks, Crypto, ETFs
Demo Account
Yes	No
Minimum Deposit
$100	$0
Payment Methods
ACH Transfer Credit Card Debit Card Mastercard Neteller Skrill Visa Wire Transfer	ACH Transfer Wire Transfer
Minimum Trade
$1	$0
Regulator
CySEC, IIROC, NFA, CFTC, FCA, CIMA	SEC, FINRA
Margin Trading
Yes	Yes
MetaTrader 4
Yes	No
MetaTrader 5
Yes	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	No
Autochartist
Yes	No
eSignal
Yes	No
Trading Central
Yes	No
STP Account
Yes	No
ECN Account
Yes	No
DMA Account
Yes	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
Automated trading supported through platforms (MT4)
Copy Trading
No	No
Social Trading
No	Yes
Trade Signals
SMART Signals
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$15
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD CHF	USD
Stock Exchanges
Australian Securities Exchange Borsa Italiana CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange	New York Stock Exchange
Commodities
Cocoa Coffee Cotton Gold Livestock Natural Gas Oil Silver Soybeans Sugar Wheat
CFD Trading
Go long and short on a range of popular financial markets with low fees.	CFD trading not offered
Leverage
1:200
FTSE Spread
1 pt
GBPUSD Spread
1.0 Var
Oil Spread
0.04 Var
Stocks Spread
0.1% (Min Commission Applies)
Forex Trading
Forex.com is a leading FX broker. Offering a large range of currency pairs and some of the tightest spreads in the industry.	Forex trading not offered
Forex App
Running alongside the Advanced and WebTrader Platforms, the Forex.com mobile app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd.
GBPUSD Spread
1.0 Var
EURUSD Spread
0.8 Var
EURGBP Spread
0.8 Var
Assets
80+
Cryptocurrency
Trade the major cryptos against USD, EUR, GBP and AUD. All traded with tight spreads. No virtual wallet required, just a trading account. Note, cryptos are not available in the US, UK or Canada.	SoFi Invest supports investments into cryptocurrencies under its active and automated investing accounts.
Spread
BTC 1.4%, ETH 2%	N/A
Coins
BTC BCH ETH LTC XRP	BTC ETH LTC DOGE ADA DOT ALGO AAVE BNT BAT BCH LINK COMP ATOM MANA ENJ ETC FIL MKR MATIC SOL XLM SUSHI SNX XTZ GRT UNI YFI
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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