Save money and be informed. CreditDonkey is a personal finance comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

SoFi Invest vs Betterment

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

 SoFi Invest
 Learn MoreLearn More
 

SoFi Invest

Betterment

SPECIAL OFFER
Active Investing with SoFi - Learn More

Read SoFi Invest Review

SPECIAL OFFER
Compare Pricing - Learn More

Read Betterment Review

 

Benefits and Features

Savings 
  • Betterment Cash Reserve - Earn 4.75% APY**
Stock Trading
$0
 
Options Trading$0 ($5 exercise/assignment fee) 
Annual Fee
None
  • Digital: 0.25% annual fee for accounts with $20,000 or more or with monthly recurring deposits of $250 or more, $4/month for accounts with less than $20,000
  • Premium: 0.65% for accounts $100,000 or more
Minimum Deposit
$0
$0
Checking 
No-Fee Checking
Commission Free ETFsAll U.S. listed ETFs 
Phone Support
Check
Yes
Live Chat Support
Check
No
Email Support 
Yes
Human Advisors 
Yes ($100k minimum)
Robo Advisor 
Yes
Assets Under Management 
$50+ Billion
Minimum Investment 
$0
Tax Loss Harvesting 
Yes
Goal Tracker 
Yes
Automatic Deposits 
Yes
Maintenance Fee
$0
 
Online Platform 
Yes
iPhone App 
Yes
Android App 
Yes
Banking Offers checking account with a free debit card, and a high-yield cash account
Mobile App 
iOS & Android
Customer Service
  • Monday to Thursday from 5am to 7pm Pacific
  • Friday to Sunday from 5am to 5pm Pacific
 
Virtual Trading
No
 
Single Stock Diversification 
No
Fractional Shares 
Yes
Taxable Accounts 
Yes
401k Plans 
Yes
IRA Accounts 
Yes
Roth IRA Accounts 
Yes
SEP IRA Accounts 
Yes
Trust Accounts 
Yes
529 Plans 
No
 

CreditDonkey® Reviews

 SoFi Invest
Minimum DepositStarStarStarStarStarStarStarStarStarStar
PriceStarStarStarStarHalf Star
Customer ServiceStarStarStarEmpty StarEmpty StarStarStarStarStarEmpty Star
Annual FeeStarStarStarStarHalf Star
Human AdvisorsStarStarStarEmpty StarEmpty 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:
  • No minimum investment
  • Customized portfolios
  • Automatically invest extra funds
Cons:
  • Limited investment options
  • High fees for large investors
Bottom LineCommission-free stock trading app for beginners new to investing... Read full reviewGreat robo-advisor for beginners with low fees, good tools, and tax strategies... Read full review

Active Investing with SoFi

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

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

Which is Better: SoFi Invest or Betterment?

In short: Betterment's customer service is noteworthy.


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 Betterment

Betterment Reviews

Betterment offers low fees and good returns. But there are risks you should NOT ignore. Read this review to see if Betterment is better.

Is Betterment Worth The Fee

Betterment will manage your investments, but they charge a fee. Is Betterment worth the fee? Read on to answer all your questions.

Betterment Roth IRA

Is Betterment a good way to invest for retirement? What about the fees and withdrawals? Read on to learn how Betterment's Roth IRA account works.

Betterment vs Wealthfront

Betterment and Wealthfront are two of the oldest and most popular robo-advisors. Is there a difference? Which is better for you? Read on to find out.

Which Do You Think is Best?





You Might Also Like

Robinhood IRA Review
Robinhood

Robinhood IRA Review

Robinhood offers some of the most unique IRAs on the market. But are they any good? Read on to find out.
Best Cash Management Accounts

Best Cash Management Accounts

Cash management accounts combine the features of savings, checking, and investment account. Compare the best cash management accounts in this guide.
Best Investment Apps for Beginners

Best Investment Apps for Beginners

Looking to start investing but are overwhelmed with the process? These low-cost, beginner-friendly apps can help you get started.
Best Investment Apps

Best Investment Apps

There are a ton of investing apps to help you get started. But which ones will fit your investing style? Read on to find out.

About CreditDonkey
CreditDonkey is a personal finance comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2024 CreditDonkey Inc. All Rights Reserved.