Are you confused about whether to choose SoFi vs Stash as a broker for your investing needs?
In this side-by-side comparison, we analyse SoFi vs Stash to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.
Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!
SoFi vs Stash: In a Nutshell
Wide range of financial services (US investors only)
Sofi is a leading financial technology company that aims to revolutionize the way people manage their money and achieve their financial goals.
Whether it’s saving for a home, paying off student loans, or investing for the future, Sofi offers personalized solutions designed to empower its customers.
Furthermore, Sofi’s automated investing tools provide users with personalized portfolios and automated rebalancing, making investing accessible and convenient for everyone.
Bank and broker services (US investors only)
Stash is a financial company offering banking and brokerage services, offering a user-friendly platform and educational resources to support informed decision-making.
Stash Broker primarily focuses on investment services, providing individuals with the means to buy and sell stocks and also automated investing.
On the other hand, the banking part offers a broader range of financial services, including deposit accounts, a debit card (Stock-back card) and also allows you to earn up to 1% in stock as you spend.
Pros and Cons
SoFi
Pros
- Commission-free stocks and ETF trading
- Broad range of low-cost investments
- Good customer support
- Access to financial advisors
- Student Loans Refinancing
Cons
- Membership requirements for additional benefits
- No tax-loss harvesting
Stash
Pros
- Low cost investment plans ($3 or $9 per month)
- No commission on stocks and ETFs
- Automated investing solution (robo-advisor)
- Earn 1% in stock on debit card purchases
- Fractional shares
Cons
- Smart Portfolios don't offer tax-loss harvesting
- Bank account doesn't offer interest
- Limited selection of individual stocks
SoFi vs Stash: Side-by-side Comparison
- General Information
- Founded in
- Demo Account
- Account Minimum
- Interest on unninvested cash (annually)
- Products
- Stocks
- ETFs
- Bonds
- Funds
- Options
- Futures
- CFDs
- Leverage Products
- Forex
- Cryptocurrencies
- Commodities
- Fees
- US stocks
- EU stocks
- ETFs
- Cryptocurrencies
- Custody Fee
- Inactivity Fee
- Withdrawal Fee
- Connectivity Fee
- Currency Conversion Fee
- Security
- Regulators
- Investor Compensation Scheme(per person, per institution)
Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.
