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

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

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