This post will compare and contrast SoFi Active Investing with Fidelity investing. Both are great options for beginners, but Fidelity Investing can have better features for more experienced investors. Both platforms have a lot of similarities: they both offer easy-to-use apps, personal portfolio management tools, and diversified investment portfolios that you can choose. But which one is best: SoFi Active Investing or Fidelity investing?

Both online brokers have low-cost fees, which is an excellent benefit for beginner investors who want to start on the right foot! However, there are some differences between them that you should consider before deciding which platform is best. In this post, we will show you the main features and pros and cons of both of them to help you decide. So, keep reading to find out which one best suits your investment needs!

SoFi investing is a company that started its business with a focus on personal loans and student loans. However, now they have expanded the business and offer features in the investment market. Also, SoFi can be very fit for those who are starting in the investment world. It has an easy-to-use mobile app and other easy features.

Moreover, SoFi has no minimum amount required to open an account and no management fees. Also, you can buy and sell stocks with no commission charges. And you can use the very well updated newsfeed provided by SoFi to investors. Also, you can join the SoFi community to learn with other investors at exclusive events.

In addition, you can use SoFi to invest through two different types of accounts: the active investing account and the automated investing account. With the active investing account, you can manage the stocks and funds you buy and sell whichever way you prefer. With the automated investing account, you can use pre-built investment portfolios created based on your financial situation and risk tolerance.

Plus, you can use SoFi to invest in cryptocurrencies, such as bitcoin, litecoin, and other 18 coins and tokens. However, SoFi changers a fee for every crypto transaction you make. But there are no commission fees for stocks and ETFs.

However, SoFi investing is only available for those who live in the United States. Also, it can be considered a bit basic for those who are more experienced investors. But this is not so bad if you are starting to learn about the investment world. Moreover, if you are a beginner, you can learn better with a more basic investment platform.

Fidelity is a company founded in 1946 but entered the online investment place only in 1995. The company started to offer online investment features that have excellent research available for its users. Also, it has amazing tools for those who are beginners in the investment world. Moreover, there are many other more complex features available for those more experienced users.

In addition, Fidelity has some low costs compared to other online brokers in the market. The broker offers online trading for stocks, ETFs, options, and more with no commissions. Also, there is no minimum amount to open your account. However, some of the investment options may require a small minimum investment amount.

Moreover, Fidelity has two trading platforms available, Fidelity.com and Active Trader Pro. Those platforms are free for all users, and they have amazing features for beginners and experienced investors.

Also, the Active Trader Pro platform has a desktop version and a web version. And investors can customize the platform using filters, shortcuts, and others. Plus, this platform offers a multi-trade ticket that saves orders for you, and it has a limit of up to 50 orders at the same time.

Moreover, Fidelity offers a high-rated mobile app available for android and iOS systems. Also, the app has real-time news and quotes, research offerings. Plus, you can put your annotations and ideas in a notebook available at the mobile app.

However, Fidelity might have some features that some can consider as drawbacks. For example, it lacks a good offer of tradable securities. Also, some investment features are not available, such as commodities, futures, and cryptocurrencies. Moreover, you must be a United States resident or a main island resident to open your account.

If you are a beginner in the investment world, both brokers could be fit for you. However, if you have a bit more experience as an investor, you might want an online broker with more complex tools for you to use. So, with Fidelity Investing you can get more complex tools and use them as a more experienced investor.

However, if you are starting in the investment world and want to invest in cryptocurrencies, you might find SoFi Investing a better option. But if you do not mind not being able to invest in crypto, you can go for Fidelity.

Moreover, if you still want to do some more research to find other investment options, we can help you. The Interactive Brokers Investing app offers interesting and valuable features for both beginners and experienced investors. So, read our post below with a full review of this online broker!