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SoFi Invest vs Wealthfront

SoFi Invest is a commission-free stock trading app for beginners new to investing. How does it compare to Wealthfront? Read our comparison chart below.

 SoFi Invest
 Learn MoreLearn More
 

SoFi Invest

Wealthfront

SPECIAL OFFER
Active Investing with SoFi - Learn More

Read SoFi Invest Review

SPECIAL OFFER
Wealthfront Cash Account - Learn More

Read Wealthfront Review

 

Benefits and Features

Stock Trading
$0
 
Options Trading$0 ($5 exercise/assignment fee) 
Annual Fee
None
0.25%
Minimum Deposit
$0
$500
Commission Free ETFsAll U.S. listed ETFs 
Phone Support
Check
Yes
Live Chat Support
Check
No
Email Support 
Yes
Human Advisors 
No
Robo Advisor 
Check
Assets Under Management 
$10+ Billion
Tax Loss Harvesting 
Yes
Goal Tracker 
Yes
Automatic Deposits 
Yes
Maintenance Fee
$0
 
Online Platform 
Yes
iPhone App 
Yes
Android App 
Yes
Mobile App 
Yes
Customer Service
  • Monday to Thursday from 5am to 7pm Pacific
  • Friday to Sunday from 5am to 5pm Pacific
 
Virtual Trading
No
 
Single Stock Diversification 
Yes
Fractional Shares 
No
Taxable Accounts 
Yes
401k Plans 
No
IRA Accounts 
Yes
Roth IRA Accounts 
Yes
SEP IRA Accounts 
Yes
Trust Accounts 
Yes
529 Plans 
Yes
 

CreditDonkey® Reviews

 SoFi Invest
Minimum DepositStarStarStarStarStarStarStarStarStarHalf Star
PriceStarStarStarStarHalf Star
Customer ServiceStarStarStarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
Annual FeeStarStarStarStarHalf Star
Investment TypesStarStarStarStarEmpty Star
Pros & ConsPros:
  • Commission-free trades
  • $0 account minimum
  • No management fees
Cons:
  • No tax loss harvesting
  • Limited customer service
  • No options trading, mutual funds, or bonds
Pros:
  • Minimal opening deposit & fees
  • Advanced goal tracker
  • Tax loss harvesting
Cons:
  • No human advisors
  • No fractional shares
Bottom LineCommission-free stock trading app for beginners new to investing... Read full reviewGood robo-advisor for hands-off investor. Fees are low, but lack human advisors... Read full review

Active Investing with SoFi

Wealthfront Cash Account

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Wealthfront: Pricing information from published website as of 04/04/2018


Articles on SoFi Invest

SoFi Invest Review

Do you want the commission-free trades but need a little more guidance? Then SoFi Invest might be just what you need.

Articles on Wealthfront

Wealthfront Review

Wealthfront simplifies long-term, low-cost investing with a diversified portfolio. But is it safe? Read on to learn if Wealthfront is worth it.

Which Do You Think is Best?


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