Eightcap vs SoFi Invest - BrokerCue
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Broker Comparison

Eightcap vs SoFi Invest

Compare Eightcap and SoFi Invest side by side: fees, regulation, platforms.

Eightcap

Eightcap

CFD traders who use MT5 or TradingView

Eightcap is a CFD broker offering forex, shares, indices, commodities and crypto on MT5 and TradingView, withโ€ฆ

VS
SoFi Invest

SoFi Invest

Beginners and all-in-one investors

SoFi Invest is a US brokerage offering commission-free stocks, ETFs, and options, a 0.25% robo-advisor, fractโ€ฆ

Head-to-head comparison

Eightcap vs SoFi Invest
Feature Eightcap SoFi Invest
Minimum deposit โ‚ฌ100 -
Stock trading fee - Commission-free
Regulators CySEC FINRA, SIPC, SEC
Best for CFD traders who use MT5 or TradingView Beginners and all-in-one investors
Markets & account
Stocks
ETFs
Forex
-
CFDs
-
Crypto
Options
-
Demo Account
-
Funds
-
Fractional Shares
-
Ready Made Portfolios
-
Margin
-
Money Market Funds
-

Pros & cons

Eightcap

Eightcap

Pros

  • Raw account spreads start from 0.0 pips
  • Standard and TradingView accounts show no commission
  • No internal fees for deposits or withdrawals
  • TradingView account includes Pine Script automation
  • Demo accounts allow up to 35 days or 5000 orders
  • EUR, GBP and USD account base currencies are available

Cons

  • Raw account commission is 2.75 EUR, 3.5 USD or 2.25 GBP
  • All listed account types require a โ‚ฌ100 minimum deposit
  • Bank withdrawals can take 3-7 working days
  • Wire withdrawals may cost $/ยฃ 8 or โ‚ฌ4 - โ‚ฌ10 EUR
  • Demo accounts expire after 35 days or 5000 orders
  • No interest is paid on account funds
  • Professional clients may not get negative balance protection
SoFi Invest

SoFi Invest

Pros

  • Commission-free stock, ETF, and options trading
  • No per-contract or exercise fee on options
  • Fractional shares from $5
  • IPO access at offering price
  • 1% IRA contribution match
  • Robo-advisor with no minimum beyond $50
  • Integrated banking, lending, and investing in one app
  • Access to Certified Financial Planners

Cons

  • Robo-advisor charges 0.25% annual fee (was free before November 2024)
  • Crypto trades carry a 1% spread on every buy and sell
  • Inactivity fee of $25 after 6 months without a login
  • $25 outgoing wire transfer fee and $100 ACAT transfer-out fee
  • No forex or futures trading
  • Limited research and charting tools compared to full-service brokers
  • No tax-loss harvesting in the robo-advisor
  • Crypto selection limited to around 25-30 coins with no advanced order types
Eightcap

Eightcap

Eightcap is a CFD broker offering forex, shares, indices, commodities and crypto on MT5 and TradingView, with a โ‚ฌ100 minimum deposit.

Your capital is at risk. Other fees apply.

SoFi Invest

SoFi Invest

SoFi Invest is a US brokerage offering commission-free stocks, ETFs, and options, a 0.25% robo-advisor, fractional shares, IPO access, and crypto trading in one platform.

Your capital is at risk. Other fees apply.

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