Robinhood vs SoFi Invest Comparison: Fees, Features, and More (2026)

Robinhood and SoFi Invest are two leading discount brokerages offering commission-free stock and ETF trading. Use this head-to-head comparison table to evaluate fees, features, trading tools, and account options to help you decide which broker is right for you in 2026.

Head-to-Head Comparison: Robinhood vs SoFi Invest (2026)
Feature Robinhood SoFi Invest
Website https://robinhood.com/ https://www.sofi.com/invest/
Broker Type Online discount brokerage (mobile app, web, Legend) Discount (self-directed online brokerage + robo-advisor)
Trading: Stock & ETF? Yes Yes
ETF & Stock commission $0 commissions (SEC/FINRA sell fees may apply) $0 commissions
Fractional Shares? Yes ($1 min; most NMS stocks/ETFs) Yes ($5 min on select stocks/ETFs)
Percent Allocations? No No
Crypto Trading? Yes (US-wide via Robinhood Crypto, LLC; all states, DC, PR, USVI) Yes. SoFi Crypto offers 28 cryptocurrencies (as of May 2026); requires SoFi Checking & Savings.
Crypto Fees MM routing: $0 commissions (RH rebate in spread); exchange routing: 0.00-0.95% volume-tiered maker/taker; transfers $0 + network fees Tiered 1.90%/1.50%/1.25%/0.90% of trade value by monthly volume (<$1k/$1-5k/$5-10k/$10k+); possible ≤0.10% spread.
Options Trading? Yes Yes. Options trading available (long calls/puts, covered calls, cash-secured puts; 0DTE and IRAs).
Options Fee $0 commissions for stock/ETF options; $0.35 Gold/$0.50 non-Gold per index contract plus regulatory/exchange fees $0 commissions and $0 contract fees. Regulatory fees apply (e.g., ORF $0.02, OCC $0.025 per contract).
Bond Trading Available? No (individual bonds/fixed-income not supported; bond ETFs/CEFs available) No. Individual bonds not offered; exposure via bond ETFs and mutual funds only.
Receives payment for order flow (PFOF)? Yes (receives PFOF/rebates from market makers for equities, options, and crypto) Yes. Receives payment-for-order-flow revenue share via Apex Clearing.
Interface: Web trading? Yes (web including Legend browser platform; iOS/Android mobile apps) Yes. Full trading on SoFi mobile app (iOS/Android) and sofi.com website.
Desktop trading? No; Robinhood Legend is a free browser-based (web) platform, not downloadable. No
API Trading? Yes for crypto (official US Crypto Trading API); no official stocks/equities trading API. No
Mutual Funds: Offered? No Yes
Total Mutual Funds 0 6,800+
NTF Mutual Funds 0 6,800
Non-NTF Fund Fee N/A 0.2% of purchase (max $20); 2% for interval/tender funds
Early Redemption Fee? N/A Yes (no SoFi short-term fee)
Redemption Hold (Days) N/A Fund-specific (CDSC varies by fund); no SoFi-imposed hold.
Early Redemption Fee N/A Fund-specific CDSC (varies); SoFi charges none (purchase tx fee 0.2% max $20).
Accounts: Margin Accounts? Yes Yes (Self-Directed; apply, $2,000 min).
IRAs Offered? Yes (Traditional and Roth; no SEP) Yes: Traditional, Roth, and SEP IRAs.
HSAs Offered? No No
Money Market Sweep? Yes Yes (optional FDIC bank sweep via Apex).
CDs Offered? No No
Robo-Advisor: Offered Yes (Robinhood Strategies hybrid managed portfolios) Yes
Robo-Advisor Service Robinhood Strategies SoFi Automated Investing (Robo Investing)
Robo-Advisor Fees 0.25% AUM/yr; Gold ($5/mo): 0% over $100k ($250/yr cap). $50 min. ETF expenses extra. 0.25% annual wrap/advisory fee plus fund expenses; $50 min.
Basics: Headquarters Menlo Park, CA San Francisco, CA
Year Founded 2013 2011
Clearing Firm Robinhood Securities, LLC Apex Clearing Corporation
Local Branches? No No
New Account Minimum $0 $0

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