SoFi Invest vs Robinhood 2025

Factor 1: Free Features

First things first: let’s take a look at the free features! Both of these services offer many similar features, such as commission-free stock trading, fractional shares, and provide support for IPO investing, and ETF trading.

They’re even both free of management fees, so what are the differences? Well, there are quite a few.

SoFi Invest

This platform offers a lot for free to various types of investors. For hands-off investors, there’s SoFi Automated Investing. For active investors, there’s SoFi Active Investing. Both cover a wide variety of asset types (such as stocks and exchange-traded funds) and don’t require minimum balances.

However, investing isn’t the only thing that SoFi is capable of. The company also issues personal loans, can help with student loan refinancing, offers banking solutions via Sofi Money (which supports joint accounts), and even offers Invest customers free access to their financial advisors.

This high level of customer service—combined with the plethora of written information offered—means that SoFi can be used for educational purposes alongside taking care of your financial life.

Robinhood

Robinhood Financial LLC, on the other hand, primarily offers brokerage services. It supports a variety of asset types and advanced trading types (like margin and futures trading), making it perfect for intermediate investors and experienced investors. The platform even offers commission-free crypto trading!

Unlike SoFi, Robinhood doesn’t offer robo advisory services, so customers will have to come up with their own investment strategy. This also means that keeping track of one’s risk tolerance is critical to your success on Robinhood. While making a great profit on Robinhood is possible, so is losing all of your money!

Although Robinhood Cash Management has been discontinued, Robinhood does now offer a spending account that members can use for their daily banking needs. Additionally, the platform also offers a 1% IRA match.

Factor 2: Paid Features

While both services are generally free to use, there are a few premium benefits offered (and a few fees to look out for!).

SoFi Invest

Unlike Robinhood, SoFi Invest doesn’t offer a premium plan. This lack of paid features goes along with the rest of its service, which is entirely free. However, that doesn’t mean you’ll be entirely safe from fees.

Although Sofi Invest itself doesn’t charge fees on its brokerage accounts (nor doesn’t it require a minimum investment to open an account), certain trade types or assets may incur fees. For example, ETFs obtained through the robo advisor charge management fees, although the percentages are very low.

There is only one fee that you’ll find while using SoFi Invest’s service, and you likely won’t encounter it until you decide to leave. Although transferring money in is free, transferring it out is not. SoFi Invest will charge you a fee of $75 if you transfer money to another broker.

Robinhood

Robinhood Financial LLC does offer a premium trading account on its investment platform. Known as Robinhood Gold, this membership offers a wide range of benefits.

Active accounts will enjoy larger instant deposits (which are available even when the direct deposits or transfers haven’t yet cleared). They’ll also be able to take advantage of a higher interest rate on uninvested balances, access margin investing at 7%, view Level II market data, and view Morningstar research.

If your investment portfolio activities consist largely of margin trades then Robinhood Gold is an appealing option. The plan also benefits those with a highly diversified portfolio, as you’ll be able to view expert research on all of your assets from one platform.

Factor 3: Subscription Costs

Both of these services provide an excellent experience without needing to pay a dime. Still, if you’re considering paying for the extra perks, the ongoing prices are worth considering.

SoFi Invest

This platform doesn’t offer a premium plan or package, although you may run into a few fees (as noted above).
Learn More About SoFi Invest

Robinhood

Priced at a mere $5 per month (or $60 per year), Robinhood Gold offers a plethora of benefits at an extremely affordable asking price. Unless you’re absolutely sure you’ll never use any of the features offered, we’d recommend paying for Robinhood Gold.
Learn More About Robinhood

SoFi Invest vs Robinhood: Our Summary

Both platforms are excellent options, so the one you should go with really depends on your individual needs as an individual. For crypto traders, margin traders, and those with more experience, we’d recommend Robinhood. That said, the platform can also be enjoyed by less-experienced traders as well!

Click here to make a free account on Robinhood!

If your needs focus less on actively investing (and more on personal finance and passive investing), we recommend SoFi Invest. Offering solutions to all of your financial dilemmas in one place, SoFi Invest is a platform that you can trust to optimize your income.

Click here to make a free account on SoFi Invest!