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

SoFi Invest and Fidelity 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: SoFi Invest vs Fidelity (2026)
Feature SoFi Invest Fidelity
Website https://www.sofi.com/invest/ https://www.fidelity.com/
Broker Type Discount (self-directed online brokerage + robo-advisor) Full-service
Trading: Stock & ETF? Yes Yes
ETF & Stock commission $0 commissions $0 online US stocks/ETFs
Fractional Shares? Yes ($5 min on select stocks/ETFs) Yes (7,000+ US stocks/ETFs, $1 min)
Percent Allocations? No Yes (Fidelity Basket Portfolios)
Crypto Trading? Yes. SoFi Crypto offers 28 cryptocurrencies (as of May 2026); requires SoFi Checking & Savings. Yes, via Fidelity Crypto® (BTC, ETH, SOL, LTC, FIDD) for US retail; also crypto ETPs in brokerage.
Crypto 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. 1% of executed market value on buys/sells (Fidelity Crypto®/IRAs); none on FIDD vs USD.
Options Trading? Yes. Options trading available (long calls/puts, covered calls, cash-secured puts; 0DTE and IRAs). Yes
Options Fee $0 commissions and $0 contract fees. Regulatory fees apply (e.g., ORF $0.02, OCC $0.025 per contract). $0 commission + $0.65/contract online; $0 for buy-to-close ≤$0.65. Extra fees for some indexes/pros.
Bond Trading Available? No. Individual bonds not offered; exposure via bond ETFs and mutual funds only. Yes; $0 online for new issues/US Treasuries; $1 per bond secondary (caps apply).
Receives payment for order flow (PFOF)? Yes. Receives payment-for-order-flow revenue share via Apex Clearing. Yes (receives PFOF on equities from wholesalers and on options).
Interface: Web trading? Yes. Full trading on SoFi mobile app (iOS/Android) and sofi.com website. Yes (Fidelity.com web; Fidelity Investments iOS/Android app; Fidelity Trader+).
Desktop trading? No Yes (Fidelity Trader+ Desktop, PC/Mac; Active Trader Pro Classic also available)
API Trading? No No (no official public retail trading API)
Mutual Funds: Offered? Yes Yes
Total Mutual Funds 6,800+ Over 10,000
NTF Mutual Funds 6,800 Thousands (all Fidelity funds plus many NTF third-party)
Non-NTF Fund Fee 0.2% of purchase (max $20); 2% for interval/tender funds $49.95 per purchase (some up to $100); $0 redemption
Early Redemption Fee? Yes (no SoFi short-term fee) No ($49.95 Fidelity short-term fee on most NTF funds held <60 days)
Redemption Hold (Days) Fund-specific (CDSC varies by fund); no SoFi-imposed hold. 60 days (NTF FundsNetwork non-Fidelity funds)
Early Redemption Fee Fund-specific CDSC (varies); SoFi charges none (purchase tx fee 0.2% max $20). $49.95 online (NTF funds held <60 days)
Accounts: Margin Accounts? Yes (Self-Directed; apply, $2,000 min). Yes
IRAs Offered? Yes: Traditional, Roth, and SEP IRAs. Yes (traditional, Roth, SEP)
HSAs Offered? No Yes
Money Market Sweep? Yes (optional FDIC bank sweep via Apex). Yes
CDs Offered? No Yes (brokered CDs)
Robo-Advisor: Offered Yes Yes
Robo-Advisor Service SoFi Automated Investing (Robo Investing) Fidelity Go
Robo-Advisor Fees 0.25% annual wrap/advisory fee plus fund expenses; $50 min. $0 under $25,000; 0.35%/yr for $25,000+
Basics: Headquarters San Francisco, CA Boston, MA
Year Founded 2011 1946
Clearing Firm Apex Clearing Corporation National Financial Services LLC
Local Branches? No Yes, ~215 U.S. Investor Centers
New Account Minimum $0 $0

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