SoFi Invest vs Trade Republic - BrokerCue
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Broker Comparison

SoFi Invest vs Trade Republic

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

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, fract…

VS
Trade Republic

Trade Republic

Low-cost ETF and savings plan investors

Trade Republic is a Berlin-based licensed bank and broker offering stocks, ETFs, bonds, crypto and savings pl…

Head-to-head comparison

SoFi Invest vs Trade Republic
Feature SoFi Invest Trade Republic
Minimum deposit - -
Stock trading fee Commission-free EUR 1 external settlement fee per trade
Regulators FINRA, SIPC, SEC BaFin, Deutsche Bundesbank, ECB
Best for Beginners and all-in-one investors Low-cost ETF and savings plan investors
Markets & account
Stocks
ETFs
Crypto
Bonds
-
Options
-
Funds
-
Fractional Shares
Ready Made Portfolios
-
Margin
-
Money Market Funds
-
Investment Plans
-
Savings Vaults
-

Pros & cons

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
Trade Republic

Trade Republic

Pros

  • EUR 1 flat settlement fee per trade with no further commissions
  • ETF and stock savings plans are completely free
  • No account, custody, withdrawal or inactivity fees
  • Full EU banking licence with EUR 100,000 deposit protection
  • Fractional shares from EUR 1
  • Interest on uninvested cash credited monthly
  • Clean, beginner-friendly mobile app
  • Available in 18 European countries

Cons

  • No demo account
  • All orders execute via a single venue (Lang and Schwarz), limiting price competition
  • Crypto trades carry approximately 1% spread on top of the EUR 1 fee
  • No advanced charting or research tools
  • Customer support is email-only with no phone or live chat
  • Portfolio transfer-out costs EUR 25 per security line
  • Not available outside Europe
  • A conversion fee applies to non-EUR security trades
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.

Visit SoFi Invest Read review

Your capital is at risk. Other fees apply.

Trade Republic

Trade Republic

Trade Republic is a Berlin-based licensed bank and broker offering stocks, ETFs, bonds, crypto and savings plans at a flat EUR 1 settlement fee per trade.

Visit Trade Republic Read review

Your capital is at risk. Other fees apply.

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