Revolut vs SoFi Invest

Revolut vs SoFi Invest Comparison Table 2024
Revolut SoFi Invest
3.1

Revolut is #25 in our broker rankings.

3.8

SoFi Invest is #35 in our broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

Revolut is a popular financial app that also offers trading on stocks, metals and digital currencies. The brand has over 25 million users worldwide with a choice of accounts, tools and services to suit different needs and budgets, including online investing and currency exchange.

SoFi Invest is an American wealth management and robo advisory service, providing equity and cryptocurrency investment portfolios with competitive fees. The firm is heavily regulated and registered with the SEC and FINRA. First launched in 2011, the firm has attracted millions of clients and various awards.

Revolut is a financial technology company. Banking services provided by Metropolitan Commercial Bank, Member FDIC. Securities products and services provided by Revolut Securities Inc, member FINRA/SIPC. Securities products are not insured by the FDIC or any federal government agency, are not bank deposits, are not obligations of or guaranteed by Metropolitan Commercial Bank and are subject to investment risks, including possible loss of the principal amount invested.
Comment by Reviewer
"Revolut is suitable for casual stock traders looking for an easy-to-use app with transparent fees and a low minimum investment." "SoFi Invest is a good stop for investors who want automated assistance with their stock and ETF investment decisions. The fractional shares and no minimum deposit will appeal to newer traders in particular."
Pros
  • Multiple deposit and withdrawal options including wire transfer
  • Good range of account types with different perks and fees
  • Secure trading environment & login protocols
  • Beginner-friendly mobile investing application
  • No commissions or custody fees on stocks
  • Send money to 200+ countries
  • Straightforward joining process
  • 24/7 live chat support
  • No inactivity charge
  • Can be tethered to other SoFi accounts, including SoFi Loans, SoFi money accounts and SoFi credit cards
  • Robo advisors can make investments according to user-defined goals and risk appetite
  • Straightforward platform makes investing easier for beginners
  • More than 4000 US stocks and ETFs with no commission
  • Start investing in fractional shares for as little as $5
  • Access to a free on-demand financial advisor
  • Automated dividend reinvestments
  • Users can participate in IPOs
  • SEC- and FINRA-regulated
  • No minimum deposit
Cons
  • Relatively narrow product range
  • No advanced trading platform
  • No margin trading
  • Basic portfolio reports with individual investment numbers only and no charts
  • Limited order types (no stop-losses)
  • Not much data supplied for securities
  • Commissions on crypto trades
  • Only six ETFs available
  • No tax-loss harvesting
  • Long withdrawal times
Instruments
Stocks, Cryptos Stocks, ETFs, Cryptos
Demo Account
No No
Minimum Deposit
$0 $0
Trading Platforms
  • Own
  • Own
Payment Methods
Wire Transfer, Direct Deposit, Revolut Transfer, Apple Pay, Mobile Check, Google Pay, Credit Card, Debit Card
Minimum Trade
$1 $0
Regulator
FINRA, SEC SEC, FINRA
Margin Trading
No Yes
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS & Android
Copy Trading
No No
Social Trading
No Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • ZAR
  • SEK
  • NOK
  • DKK
  • CHF
  • HKD
  • PLN
  • CZK
  • HUF
  • USD
Stock Exchanges
Cryptocurrency
Invest in 100+ crypto tokens using 30+ fiat currencies. You can buy, sell and transfer cryptos on the iOS and Android app. We like that traders can also choose to round up leftover cash from card transactions in crypto and use their crypto balance to make card payments. Trade 22 cryptocurrencies including Bitcoin, Binance Coin, Uniswap and Polkadot from as little as $10, making it a good pick for beginners. The broker charges a competitive 1.25% commission on crypto trades.
Spread
2.5% commission for standard profiles N/A
Coins
  • ZRX
  • 1INCH
  • AAVE
  • ALGO
  • AMP
  • ANKR
  • BNT
  • BAND
  • BAT
  • BTC
  • BCH
  • ADA
  • CTSI
  • CELO
  • LINK
  • CHL
  • COMP
  • ATOM
  • CRV
  • MANA
  • DOGE
  • ENJ
  • EOS
  • ETH
  • FIL
  • RLC
  • ICP
  • KEEP
  • KNC
  • LTC
  • LRC
  • MATIC
  • MIR
  • NKN
  • NU
  • NMR
  • OMG
  • OXT
  • OGN
  • DOT
  • SKL
  • SOL
  • XLM
  • STORJ
  • SUSHI
  • SNX
  • TRB
  • XTZ
  • GRT
  • UMA
  • UNI
  • XRP
  • YFI
  • 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
Revolut is a financial technology company. Banking services provided by Metropolitan Commercial Bank, Member FDIC. Securities products and services provided by Revolut Securities Inc, member FINRA/SIPC. Securities products are not insured by the FDIC or any federal government agency, are not bank deposits, are not obligations of or guaranteed by Metropolitan Commercial Bank and are subject to investment risks, including possible loss of the principal amount invested.
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