Competitors
50
Summary
SoFi Invest is an online investment platform that provides a range of services including stock trading, robo-advisory, and retirement accounts. It aims to make investing accessible with features like commission-free trades, fractional shares, and personalized portfolio recommendations.
Feature Matches2/12
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Must Have
2 of 5
Commission-Free Stock Trading
Bitcoin Trading
Instant P2P Transfers
Prepaid Debit Card (Cash App Card)
Early Direct Deposit
Other
0 of 7
Fraud Monitoring & Security
High-Yield Savings
Round-Up Savings
Pay Over Time (Afterpay)
Instant Discounts & Offers
Customizable Card Designs
ATM Access & Fee Reimbursement
PricingFree
See allFree
Active Investing
$0.00 one time
- Trade stocks and ETFs with no commissions
- Access to IPOs before the public market
- Fractional Shares
- Other fees apply
- Restrictions may apply
Robo Investing
$0.25 yearly
- Expert-built portfolio recommendations
- Customizable strategies
- Financial planners
- 0.25% a year advisory fee
Retirement Accounts (IRAs)
$0.00 one time
- 1% match on IRA rollovers and contributions
- Diverse investment options
- Professional advice at no additional cost
- No commissions on stocks and ETFs
- Other fees apply
Rationale
SoFi Invest offers commission-free stock trading and also mentions 'Crypto Partner Hub' which implies bitcoin trading, aligning with two must-have features. However, it does not offer peer-to-peer transfers, a prepaid debit card, or early direct deposit, which are core to the Cash App concept.
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See allBest alternatives to [Product] in 2024?
Reddit·tech_enthusiast·2d ago·+142
I've been using Alternative A for 6 months now and it's been fantastic. The pricing is much better and the features are actually more robust than what [Product] offers.
Show HN: We built a better [Product]
Hacker News·startup_founder·5d ago·+89
After struggling with [Product]'s limitations, we decided to build our own solution.
It handles edge cases much better and the API is actually documented properly.
Check it out at our site.
[Product] vs Competitor B - which one should I choose?
Reddit·confused_buyer·Oct 14·+67
Honestly, after trying both, Competitor B wins hands down. Better customer support, cleaner interface, and they don't nickel and dime you for every feature.
Why we migrated away from [Product]
Hacker News·cto_mike·Oct 11·+234
The breaking point was when they changed their API without notice. We lost 3 days of productivity. Solution C has been rock solid for us since we switched.