E*TRADE vs SoFi Invest 2026: Which Broker is Better?
Choosing between E*TRADE and SoFi Invest depends on your trading style, preferred markets, and budget. E*TRADE is headquartered in Arlington, USA, while SoFi Invest operates from San Francisco, USA. E*TRADE has the longer track record, established in 1982, compared to SoFi Invest which was founded in 2012. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
E*TRADE
SoFi Invest
| E*TRADE | SoFi Invest | |
|---|---|---|
| BrokerRank Score | 3.6/5 ✓ | 3.3/5 |
| Min. Deposit | $0 ✓ | $1 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:4 ✓ | 1:1 |
| Regulation | SEC, CFTC ✓ | SEC |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
E*TRADE is the better choice overall, scoring 3.6/5 vs 3.3/5 on BrokerRank's independent rating. On fees, E*TRADE offers lower spreads (0 pips).
See full side-by-side comparison belowE*TRADE vs SoFi Invest: Key Differences
E*TRADE
WinnerSoFi Invest
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Fees Comparison
E*TRADE
SoFi Invest
Regulation & Trust
E*TRADE holds licences from SEC, CFTC. SoFi Invest is regulated by SEC.
Markets & Assets
Both brokers offer access to Stocks, Indices markets. E*TRADE additionally covers Commodities. SoFi Invest adds Crypto.
Trading Platforms
E*TRADE supports Proprietary Web, Proprietary Mobile. SoFi Invest offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
E*TRADE requires no minimum deposit, while SoFi Invest sets a minimum deposit of $1. This makes E*TRADE accessible to traders with any budget.
Overall Ratings
BrokerRank scores E*TRADE at 3.60/5 and SoFi Invest at 3.33/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. E*TRADE leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
E*TRADE
3.6/5
Choose E*TRADE if you want…
- Higher overall rating (3.6/5)
- No minimum deposit
- Higher leverage (up to 1:4)
- More regulatory licences (2)
SoFi Invest
3.3/5
Choose SoFi Invest if you want…
Similar strengths to E*TRADE — compare below.
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both E*TRADE & SoFi Invest are available in
Frequently Asked Questions
1Is E*TRADE better than SoFi Invest?
E*TRADE scores higher overall on our independent rating system. E*TRADE holds a 3.6/5 rating vs SoFi Invest's 3.3/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, E*TRADE or SoFi Invest?
E*TRADE offers spreads from 0 pips, while SoFi Invest starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for E*TRADE vs SoFi Invest?
E*TRADE requires a minimum deposit of $0. SoFi Invest requires $1.
4Which broker is safer, E*TRADE or SoFi Invest?
E*TRADE is regulated by SEC, CFTC, while SoFi Invest holds licences from SEC.
5What trading platforms do E*TRADE and SoFi Invest support?
E*TRADE supports Proprietary Web, Proprietary Mobile. SoFi Invest supports Proprietary Web, Proprietary Mobile.
6Can I use both E*TRADE and SoFi Invest?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
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