Revolut vs SoFi Invest

Revolut vs SoFi Invest Comparison Table 2024
Revolut	SoFi Invest
Review 3.1 Revolut is #31 in our broker rankings.	Review 3.8 SoFi Invest is #31 in our broker rankings.
Traders from US accepted	Traders from US accepted
Revolut has emerged as the most downloaded financial app in 11 countries with over 45 million users and more than $23 billion held in customer balances. It facilitates commission-free trading on over 2000 stocks and commodities, alongside 185 cryptos with a minimum investment of just $1. The mobile trading experience remains market-leading for casual investors seeking low, transparent fees.	SoFi Invest is an American wealth management and robo advisory service, providing equity and cryptocurrency investment portfolios with competitive fees. The firm is heavily regulated and registered with the SEC and FINRA. First launched in 2011, the firm has attracted millions of clients and various awards.
Revolut is a financial technology company. Banking services provided by Metropolitan Commercial Bank, Member FDIC. Securities products and services provided by Revolut Securities Inc, member FINRA/SIPC. Securities products are not insured by the FDIC or any federal government agency, are not bank deposits, are not obligations of or guaranteed by Metropolitan Commercial Bank and are subject to investment risks, including possible loss of the principal amount invested.
Comment by Reviewer
"Revolut is a cut above the competition for mobile traders, sporting a genuinely intuitive app, five pricing plans to suit different needs (Standard, Plus, Premium, Metal and Ultra), custom alerts, company performance metrics, financial news, and interactive quizzes. "	"SoFi Invest is a good stop for investors who want automated assistance with their stock and ETF investment decisions. The fractional shares and no minimum deposit will appeal to newer traders in particular."
Pros
The app delivers a superb investing environment with a slick design and a packed ‘Discover’ section with daily top movers, collections like ‘Technology’ and ‘Utilities’ and popular stocks. Revolut offers one of the smoothest fully digital sign-up processes we’ve seen, kickstarted through a QR code and taking less than 5 minutes. Trade a growing roster of 2000+ stocks, 185+ cryptos and precious metals like gold, silver and platinum with fees starting from 0%. Revolut uses cutting-edge security features with multiple layers, from PINs and passcodes to biometrics and one-time passwords, with $590M saved in fraudulent transactions.	Can be tethered to other SoFi accounts, including SoFi Loans, SoFi money accounts and SoFi credit cards Robo advisors can make investments according to user-defined goals and risk appetite Straightforward platform makes investing easier for beginners More than 4000 US stocks and ETFs with no commission Start investing in fractional shares for as little as $5 Access to a free on-demand financial advisor Automated dividend reinvestments Users can participate in IPOs SEC- and FINRA-regulated No minimum deposit
Cons
The Revolut app is an excellent starting point for casual investors but testing reveals its charting package falls short for advanced traders with just two charts (line and candlestick) and six timeframes (1D to 5Y). While the range of shares, commodities and cryptocurrencies is growing, Revolut still lacks popular asset classes like ETFs and does not support margin trading, trailing alternatives like Trade Republic. Some users may find Revolut’s pricing structure confusing; while basic accounts have zero monthly fees, you may need to pay for foreign exchange beyond the specified limit and ATM withdrawals.	Basic portfolio reports with individual investment numbers only and no charts Limited order types (no stop-losses) Not much data supplied for securities Commissions on crypto trades Only six ETFs available No tax-loss harvesting Long withdrawal times
Instruments
Stocks, Cryptos	Stocks, ETFs, Cryptos
Demo Account
No	No
Minimum Deposit
$0	$0
Trading Platforms
Own	Own
Payment Methods
Wire Transfer, Direct Deposit, Revolut Transfer, Apple Pay, Mobile Check, Google Pay, Credit Card, Debit Card	ACH Transfer Wire Transfer
Minimum Trade
$1	$0
Regulator
FINRA, SEC	SEC, FINRA
Margin Trading
No	Yes
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	iOS & Android
Copy Trading
No	No
Social Trading
No	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
Yes	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0
Islamic Account
No	No
Account Currencies
USD EUR GBP CAD AUD JPY ZAR SEK NOK DKK CHF HKD PLN CZK HUF	USD
Stock Exchanges
London Stock Exchange Nasdaq New York Stock Exchange	New York Stock Exchange
Cryptocurrency
Revolut has expanded its crypto offering, now featuring 185+ tokens. You can buy, sell and transfer cryptos on the iOS and Android app within a few taps. Revolut also stands out by allowing users to round up leftover cash from card transactions in crypto and use their crypto balance to make card payments, while recurring investments can be made for dollar cost averaging.	Trade 22 cryptocurrencies including Bitcoin, Binance Coin, Uniswap and Polkadot from as little as $10, making it a good pick for beginners. The broker charges a competitive 1.25% commission on crypto trades.
Spread
From 0% (plan dependent)	N/A
Coins
ZRX 1INCH AAVE ALGO AMP ANKR BNT BAND BAT BTC BCH ADA CTSI CELO LINK CHL COMP ATOM CRV MANA DOGE ENJ EOS ETH FIL RLC ICP KEEP KNC LTC LRC MATIC MIR NKN NU NMR OMG OXT OGN DOT SKL SOL XLM STORJ SUSHI SNX TRB XTZ GRT UMA UNI XRP YFI	BTC ETH LTC DOGE ADA DOT ALGO AAVE BNT BAT BCH LINK COMP ATOM MANA ENJ ETC FIL MKR MATIC SOL XLM SUSHI SNX XTZ GRT UNI YFI
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
Revolut is a financial technology company. Banking services provided by Metropolitan Commercial Bank, Member FDIC. Securities products and services provided by Revolut Securities Inc, member FINRA/SIPC. Securities products are not insured by the FDIC or any federal government agency, are not bank deposits, are not obligations of or guaranteed by Metropolitan Commercial Bank and are subject to investment risks, including possible loss of the principal amount invested.