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.
Uphold is a digital asset platform offering a range of services, from crypto trading and staking to payment cards that provides rewards and easy multi-currency payments. The company was established in 2015 and has enabled $4+ billion in transactions. Uphold is now active in 180+ countries and deals in 200+ crypto and fiat currencies.
Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.
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."
"I opened an Uphold account, tested every inch of the platform and what stands out for me is how convenient it is for accessing the crypto markets. I can buy, trade and transfer over 250 digital tokens in a few clicks. It is a one-stop-shop for crypto investors."
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
My tests show that fees are competitive with 26 underlying platforms helping to source the best prices
I have noticed that Uphold is often one of the first platforms to list new crypto tokens
Crypto staking is available on 30+ tokens with above-average rates up to 16%
I am reassured that Uphold is 100% reserved, helping to protect client funds
Over 250 cryptos are available including major tokens like Bitcoin and Ethereum
I think the app is extremely easy to use with a slick design and navigation
UK users can get the Uphold card with up to 2% cashback in XRP
Two-step authentication bolsters user security
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
The charting analysis features on the platform trail specialist exchanges
I find the customer service slow with limited contact options
There is a 2.49% fee if you want to use debit or credit cards
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.
I found that you can buy and sell 250+ crypto assets with fiat currencies or in crypto pairs using the straightforward mobile app or through Uphold's browser-based account homepage. This is significantly more than many rivals. You can also earn up to 16% APY by staking one or more out of 32 valid tokens, or send tokens to an external wallet.