SoFi Invest vs Fidelity
SoFi Invest Review 2023 | Fidelity Review 2023 |
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3.8
SoFi Invest is #36 in our broker rankings. |
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3.5
Fidelity is #36 in our broker rankings. |
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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. |
Fidelity is a popular financial services firm that provides investment accounts and pensions with access to thousands of stocks, ETFs and mutual funds to clients based in the US, Europe and Asia. Fees vary by asset and account country, but are generally competitive, with zero-commission trading available on US stocks. |
Bonus Offer | |
None | |
Comment by Reviewer | |
"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." | "Fidelity is a great match for long-term investors who want an affordable platform to build their pension or investment portfolios. The SEC and FCA oversight are also good signs that the brokerage is regulated and trustworthy." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Stocks, Crypto, ETFs | ETFs, Mutual Funds, ISAs, Pensions, Stocks, Indices |
Demo Account | |
No | No |
Minimum Deposit | |
$0 | £25 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
$0 | £25 |
Regulator | |
SEC, FINRA | FCA, SEC |
Margin Trading | |
Yes | No |
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 | Yes |
Negative Balance Protection | |
No | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | No |
Mobile Apps | |
iOS & Android | Fil Mobile App |
Copy Trading | |
No | No |
Social Trading | |
Yes | No |
Trade Signals | |
None | |
VPS Hosting | |
No | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | Yes |
Guaranteed Stop Loss | |
No | No |
Islamic Account | |
No | No |
Account Currencies | |
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Stock Exchanges | |
Cryptocurrency | |
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. | Crypto trading not offered |
Spread | |
N/A | |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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More Comparisons | |
SoFi Invest vs |
Fidelity vs |