SoFi Invest vs TradeZero - BrokerCue
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Broker Comparison

SoFi Invest vs TradeZero

Compare SoFi Invest and TradeZero 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
TradeZero

TradeZero

Active traders and short sellers

TradeZero is an active-trading broker founded in 2015 offering commission-free limit orders, direct market ac…

Head-to-head comparison

SoFi Invest vs TradeZero
Feature SoFi Invest TradeZero
Minimum deposit - -
Stock trading fee Commission-free Free limit orders on NYSE/AMEX/NASDAQ stocks above $1 (200+ shares); $0.005 per share ($0.99 min) for orders under 200 shares or market orders; OTC/penny stocks $0.005/share ($0.99 min, $7.95 max)
Regulators FINRA, SIPC, SEC SCB, FINRA, SIPC, CIRO, AFM
Best for Beginners and all-in-one investors Active traders and short sellers
Markets & account
Stocks
ETFs
Crypto
-
Options
Funds
-
Fractional Shares
-
Ready Made Portfolios
-
Margin
Money Market Funds
-
Demo Account
-

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
TradeZero

TradeZero

Pros

  • Commission-free limit orders on eligible U.S. stocks
  • Strong short-selling tools with integrated stock locate feature
  • Extended trading hours 4 AM to 8 PM ET
  • Up to 6:1 intraday leverage for international accounts; 4:1 intraday for TradeZero America
  • Free paper trading account with $1,000,000 in virtual funds
  • No inactivity fee
  • 24/7 live customer support
  • Multiple platform options including free ZeroFree tier

Cons

  • ZeroPro subscription costs $59 per month
  • Outgoing wire fee of $50 per transaction
  • No forex, futures, crypto, or bonds offered
  • Minimum deposit of $2,500 for U.S. accounts
  • Short locate fees add cost for active short sellers
  • International clients lack SIPC protection
  • Market orders and sub-200-share orders incur per-share fee
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.

TradeZero

TradeZero

TradeZero is an active-trading broker founded in 2015 offering commission-free limit orders, direct market access, short-selling tools, and 16-hour extended trading hours.

Visit TradeZero Read review

Your capital is at risk. Other fees apply.

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