Investing comparison
Charles Schwab vs SoFi Invest
Updated
Before you compare: This compares features and fees from each company's own pages. It isn't investment advice, and investing involves risk, including loss of money.
Full disclosure: Taylor Price, who runs Priceless Tay, owns Fifecta, so keep that in mind as you read this comparison.
Short answer
Charles Schwab and SoFi Invest are both investing apps. Schwab Intelligent Portfolios, Schwab's robo-advisor, lists no advisory fee and no commissions, while SoFi's fee schedule (last updated 10/1/2026) lists a 0.25% annual advisory fee for Robo-Advisor accounts. We checked both on Oct 24, 2026, and the official sources differ on 10 of the 10 rows in the table below.
Charles Schwab vs SoFi Invest at a glance
Charles Schwab and SoFi Invest are both investing apps. This page puts what each company's official pages and app store listings say side by side, with the date we checked every fact. The sources differ on 10 of the 10 rows in the table below.
Management or subscription fee
Schwab Intelligent Portfolios, Schwab's robo-advisor, lists no advisory fee and no commissions. You still pay the operating expenses of the ETFs in the portfolio. SoFi's fee schedule (last updated 10/1/2026) lists a 0.25% annual advisory fee for Robo-Advisor accounts. We checked both on Oct 24, 2026.
Account minimum
Schwab lists a $0 account minimum for brokerage accounts and IRAs. Schwab Intelligent Portfolios has a $5,000 minimum. SoFi's fee schedule lists a $5 minimum to begin investing for self-directed accounts and $50 for Robo-Advisor accounts, with a $0 opening fee. We checked both on Oct 24, 2026.
Stock and ETF commissions
Schwab lists a $0 online commission for listed stocks and ETFs. Options are $0 plus $0.65 per contract. SoFi's fee schedule says commission-free trading means $0 commissions for self-directed individual cash or margin brokerage accounts trading U.S. listed and OTC securities (including ETFs) and options in the app or on the website. We checked both on Oct 24, 2026.
Account types
Charles Schwab lists these account types: Brokerage (Individual and Joint), IRA (Traditional, Roth, or Rollover), Schwab One Custodial (UGMA/UTMA), 529 College Savings, Education Savings, Inherited IRA/Inherited 401(k), SEP-IRA, SIMPLE-IRA, Individual 401(k) Plan and Schwab One Trust. SoFi Invest lists these account types: Self-Directed, Robo-Advisor, Roth IRA, Traditional IRA and SEP IRA. We checked both on Oct 24, 2026.
Fractional shares
Schwab says you can own fractional shares of most U.S.-listed stocks and ETFs for as little as $1. SoFi has a fractional shares page (Invest in Partial Shares) and says there are limitations with fractional shares to consider before investing. We checked both on Oct 24, 2026.
Automatic investing
Schwab says its robo-advisor builds, monitors and automatically rebalances a diversified portfolio. SoFi's fractional shares page says scheduled orders are aggregated and executed in the morning trade window of the next business day. We checked both on Oct 24, 2026.
Managed portfolios (robo)
Schwab Intelligent Portfolios is Schwab's robo-advisor. You can open an account with a minimum of $5,000. SoFi's fee schedule lists Robo-Advisor accounts with a $50 minimum to begin investing. Robo investing and advisory services come from SoFi Wealth LLC. We checked both on Oct 24, 2026.
Protection
Charles Schwab & Co., Inc. is a member of SIPC. Schwab says its clients also get excess SIPC coverage for securities and cash, with a $600 million aggregate limit for the excess portion. SoFi Securities LLC is a member of FINRA/SIPC. We checked both on Oct 24, 2026.
Platforms
Charles Schwab lists iOS and Android. SoFi Invest lists App and Web. We checked both on Oct 24, 2026.
App store rating
Charles Schwab has 4.8 out of 5 on the App Store from 1,211,162 ratings. SoFi Invest has 4.7 out of 5 on the App Store from 385,426 ratings. We checked both on Oct 24, 2026. Store ratings are a dated snapshot from each listing, not our score.
What it costs
Charles SchwabSchwab Intelligent Portfolios, Schwab's robo-advisor, lists no advisory fee and no commissions. You still pay the operating expenses of the ETFs in the portfolio.
As of · schwab.com/pricing
SoFi InvestSoFi's fee schedule (last updated 10/1/2026) lists a 0.25% annual advisory fee for Robo-Advisor accounts.
Bars show only when every app here lists a yearly price, so these prices sit side by side without them. Prices are list prices from each app's own page, before tax and any offer. Investing fees appear as each company states them. A yearly advisory fee is a percent of your balance, not a monthly price, so it never gets a bar or a price tag.
At a glance
App Store rating
- Charles Schwab
- 4.81,211,162 ratings
- SoFi Invest
- 4.7385,426 ratings
Source
- Charles Schwab has 4.8 out of 5 on the App Store from 1,211,162 ratings. App Store listing, as of Oct 24, 2026.
- SoFi Invest has 4.7 out of 5 on the App Store from 385,426 ratings. App Store listing, as of Oct 24, 2026.
Platforms
- Charles Schwab
- iOS
- Android
- SoFi Invest
- App
- Web
Source
- Charles Schwab lists iOS and Android. schwab.com/mobile, as of Oct 24, 2026.
- SoFi Invest lists App and Web. sofi.com/wealth/assets/documents/sofi-invest-fee-schedule.pdf, as of Oct 24, 2026.
Account minimum
- Charles Schwab
- Schwab lists a $0 account minimum for brokerage accounts and IRAs. Schwab Intelligent Portfolios has a $5,000 minimum.
- SoFi Invest
- SoFi's fee schedule lists a $5 minimum to begin investing for self-directed accounts and $50 for Robo-Advisor accounts, with a $0 opening fee.
Source
- Schwab lists a $0 account minimum for brokerage accounts and IRAs. Schwab Intelligent Portfolios has a $5,000 minimum. schwab.com/pricing, as of Oct 24, 2026.
- SoFi's fee schedule lists a $5 minimum to begin investing for self-directed accounts and $50 for Robo-Advisor accounts, with a $0 opening fee. sofi.com/wealth/assets/documents/sofi-invest-fee-schedule.pdf, as of Oct 24, 2026.
Stock and ETF commissions
- Charles Schwab
- Schwab lists a $0 online commission for listed stocks and ETFs. Options are $0 plus $0.65 per contract.
- SoFi Invest
- SoFi's fee schedule says commission-free trading means $0 commissions for self-directed individual cash or margin brokerage accounts trading U.S. listed and OTC securities (including ETFs) and options in the app or on the website.
Source
- Schwab lists a $0 online commission for listed stocks and ETFs. Options are $0 plus $0.65 per contract. schwab.com/pricing, as of Oct 24, 2026.
- SoFi's fee schedule says commission-free trading means $0 commissions for self-directed individual cash or margin brokerage accounts trading U.S. listed and OTC securities (including ETFs) and options in the app or on the website. sofi.com/wealth/assets/documents/sofi-invest-fee-schedule.pdf, as of Oct 24, 2026.
Protection
- Charles Schwab
- Charles Schwab & Co., Inc. is a member of SIPC. Schwab says its clients also get excess SIPC coverage for securities and cash, with a $600 million aggregate limit for the excess portion.
- SoFi Invest
- SoFi Securities LLC is a member of FINRA/SIPC.
Source
- Charles Schwab & Co., Inc. is a member of SIPC. Schwab says its clients also get excess SIPC coverage for securities and cash, with a $600 million aggregate limit for the excess portion. schwab.com/legal/account-protection, as of Oct 24, 2026.
- SoFi Securities LLC is a member of FINRA/SIPC. sofi.com/invest/fractional-shares, as of Oct 24, 2026.
Features
We haven't verified a feature list for either app yet, so this grid is empty for now.
✓ means the official site lists it. ? means we haven't verified it yet, not that the app lacks it.
Screen by screen
Pick a task to see what each app shows for it. App Store and Google Play images are the apps' own marketing, so they can show sample data and staged layouts. Help center images come from the app's support articles. See every app's screens.
Other screens
Charles Schwab
App Store marketing imageApp Store image 1 of 4 from the Charles Schwab listing.App Store listing, as of 
App Store marketing imageApp Store image 2 of 4 from the Charles Schwab listing.App Store listing, as of 
App Store marketing imageApp Store image 3 of 4 from the Charles Schwab listing.App Store listing, as of 
App Store marketing imageApp Store image 4 of 4 from the Charles Schwab listing.App Store listing, as of
SoFi Invest
App Store marketing imageApp Store image 1 of 4 from the SoFi Invest listing.App Store listing, as of 
App Store marketing imageApp Store image 2 of 4 from the SoFi Invest listing.App Store listing, as of 
App Store marketing imageApp Store image 3 of 4 from the SoFi Invest listing.App Store listing, as of 
App Store marketing imageApp Store image 4 of 4 from the SoFi Invest listing.App Store listing, as of
Charles Schwab and SoFi Invest, side by side
Rows marked “Differs” are where the official sources say different things, and 10 rows do here.
Swipe the table sideways to see both apps.
| Field | Charles SchwabInvesting appCharles Schwab is a brokerage with the Schwab Mobile app, retirement and custodial accounts, and a robo-advisor called Schwab Intelligent Portfolios.Visit Charles Schwab's site | SoFi InvestInvesting appSoFi Invest is SoFi's investing account, with self-directed trading, IRAs and robo-advisor accounts in the SoFi app. SoFi's savings account has its own entry.Visit SoFi Invest's site |
|---|---|---|
| Management or subscription feeDiffers | Schwab Intelligent Portfolios, Schwab's robo-advisor, lists no advisory fee and no commissions. You still pay the operating expenses of the ETFs in the portfolio.As of Oct 24, 2026. Source: schwab.com/pricing | SoFi's fee schedule (last updated 10/1/2026) lists a 0.25% annual advisory fee for Robo-Advisor accounts.As of Oct 24, 2026. Source: sofi.com/wealth/assets/documents/sofi-invest-fee-schedule.pdf |
| Account minimumDiffers | Schwab lists a $0 account minimum for brokerage accounts and IRAs. Schwab Intelligent Portfolios has a $5,000 minimum.As of Oct 24, 2026. Source: schwab.com/pricing | SoFi's fee schedule lists a $5 minimum to begin investing for self-directed accounts and $50 for Robo-Advisor accounts, with a $0 opening fee.As of Oct 24, 2026. Source: sofi.com/wealth/assets/documents/sofi-invest-fee-schedule.pdf |
| Stock and ETF commissionsDiffers | Schwab lists a $0 online commission for listed stocks and ETFs. Options are $0 plus $0.65 per contract.As of Oct 24, 2026. Source: schwab.com/pricing | SoFi's fee schedule says commission-free trading means $0 commissions for self-directed individual cash or margin brokerage accounts trading U.S. listed and OTC securities (including ETFs) and options in the app or on the website.As of Oct 24, 2026. Source: sofi.com/wealth/assets/documents/sofi-invest-fee-schedule.pdf |
| Account typesDiffers | Charles Schwab lists these account types: Brokerage (Individual and Joint), IRA (Traditional, Roth, or Rollover), Schwab One Custodial (UGMA/UTMA), 529 College Savings, Education Savings, Inherited IRA/Inherited 401(k), SEP-IRA, SIMPLE-IRA, Individual 401(k) Plan and Schwab One Trust.As of Oct 24, 2026. Source: schwab.com/pricing | SoFi Invest lists these account types: Self-Directed, Robo-Advisor, Roth IRA, Traditional IRA and SEP IRA.As of Oct 24, 2026. Source: sofi.com/wealth/assets/documents/sofi-invest-fee-schedule.pdf |
| Fractional sharesDiffers | Schwab says you can own fractional shares of most U.S.-listed stocks and ETFs for as little as $1.As of Oct 24, 2026. Source: schwab.com/fractional-shares-stock-slices | SoFi has a fractional shares page (Invest in Partial Shares) and says there are limitations with fractional shares to consider before investing.As of Oct 24, 2026. Source: sofi.com/invest/fractional-shares |
| Automatic investingDiffers | Schwab says its robo-advisor builds, monitors and automatically rebalances a diversified portfolio.As of Oct 24, 2026. Source: schwab.com/intelligent-portfolios | SoFi's fractional shares page says scheduled orders are aggregated and executed in the morning trade window of the next business day.As of Oct 24, 2026. Source: sofi.com/invest/fractional-shares |
| Managed portfolios (robo)Differs | Schwab Intelligent Portfolios is Schwab's robo-advisor. You can open an account with a minimum of $5,000.As of Oct 24, 2026. Source: schwab.com/intelligent-portfolios | SoFi's fee schedule lists Robo-Advisor accounts with a $50 minimum to begin investing. Robo investing and advisory services come from SoFi Wealth LLC.As of Oct 24, 2026. Source: sofi.com/wealth/assets/documents/sofi-invest-fee-schedule.pdf |
| ProtectionDiffers | Charles Schwab & Co., Inc. is a member of SIPC. Schwab says its clients also get excess SIPC coverage for securities and cash, with a $600 million aggregate limit for the excess portion.As of Oct 24, 2026. Source: schwab.com/legal/account-protection | SoFi Securities LLC is a member of FINRA/SIPC.As of Oct 24, 2026. Source: sofi.com/invest/fractional-shares |
| PlatformsDiffers | Charles Schwab lists iOS and Android.As of Oct 24, 2026. Source: schwab.com/mobile | SoFi Invest lists App and Web.As of Oct 24, 2026. Source: sofi.com/wealth/assets/documents/sofi-invest-fee-schedule.pdf |
| App store ratingDiffers | Charles Schwab has 4.8 out of 5 on the App Store from 1,211,162 ratings.As of Oct 24, 2026. Source: App Store listing | SoFi Invest has 4.7 out of 5 on the App Store from 385,426 ratings.As of Oct 24, 2026. Source: App Store listing |
App store ratings are a dated snapshot from each store listing, not our score. “Not verified yet” means we don't have a current official source for that line. How we source and date this data. Spotted a change? Tell us if something changed.
Weighing a third option? Add up to two more apps to this table and compare up to four side by side.
Which fits your Money Type?
There are four Money Types: Strategist, Spender, Saver and Scrambler. Each card matches one type to what the sources say about these two apps.
StrategistNeither app's sources confirm a feature we match to this type yet, so the quiz is the better place to start.
First fix: Save the Raise.
SpenderNeither app's sources confirm a feature we match to this type yet, so the quiz is the better place to start.
First fix: Sleep on It.
SaverNeither app's sources confirm a feature we match to this type yet, so the quiz is the better place to start.
First fix: Put It to Work.
ScramblerNeither app's sources confirm a feature we match to this type yet, so the quiz is the better place to start.
First fix: Bills First.
Not sure which one you are? Take the free Money Types quiz. It takes about two minutes.
Full disclosure: Taylor Price, who runs Priceless Tay, owns Fifecta, so keep that in mind as you read this comparison.
Another option: Fifecta
If neither Charles Schwab nor SoFi Invest feels right, here is one more option to look at. Fifecta gives every paycheck a plan with FUNDS, and it starts from your Money Type, so the plan matches how you already handle money.
FAQ
How much does Charles Schwab charge?
Schwab Intelligent Portfolios, Schwab's robo-advisor, lists no advisory fee and no commissions. You still pay the operating expenses of the ETFs in the portfolio. We checked this on Oct 24, 2026.
How much does SoFi Invest charge?
SoFi's fee schedule (last updated 10/1/2026) lists a 0.25% annual advisory fee for Robo-Advisor accounts. We checked this on Oct 24, 2026.
What is Charles Schwab's app store rating?
Charles Schwab has 4.8 out of 5 on the App Store from 1,211,162 ratings. That's a snapshot from the store listing on Oct 24, 2026, not our score.
What is SoFi Invest's app store rating?
SoFi Invest has 4.7 out of 5 on the App Store from 385,426 ratings. That's a snapshot from the store listing on Oct 24, 2026, not our score.
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Keep comparing
- See Charles Schwab alternatives, closest category first.
- See SoFi Invest alternatives, closest category first.
- Browse our guide to the low-cost brokerage accounts.
- Want the bigger picture? Compare more money apps.
Full disclosure: Taylor Price, who runs Priceless Tay, owns Fifecta, so keep that in mind as you read this comparison.
Want a plan built on your Money Type?
Fifecta gives every paycheck a plan with FUNDS, so you know where each dollar goes.
Sources and confidence
- Last checked
- Not verified yet
- None of the 20 facts
Charles Schwab10 of 10 verified, last checked Oct 24, 2026
- Management or subscription feeschwab.com/pricing, as of Oct 24, 2026
- Account minimumschwab.com/pricing, as of Oct 24, 2026
- Stock and ETF commissionsschwab.com/pricing, as of Oct 24, 2026
- Account typesschwab.com/pricing, as of Oct 24, 2026
- Fractional sharesschwab.com/fractional-shares-stock-slices, as of Oct 24, 2026
- Automatic investingschwab.com/intelligent-portfolios, as of Oct 24, 2026
- Managed portfolios (robo)schwab.com/intelligent-portfolios, as of Oct 24, 2026
- Protectionschwab.com/legal/account-protection, as of Oct 24, 2026
- Platformsschwab.com/mobile, as of Oct 24, 2026
- App store ratingApp Store listing, as of Oct 24, 2026
SoFi Invest10 of 10 verified, last checked Oct 24, 2026
- Management or subscription feesofi.com/wealth/assets/documents/sofi-invest-fee-schedule.pdf, as of Oct 24, 2026
- Account minimumsofi.com/wealth/assets/documents/sofi-invest-fee-schedule.pdf, as of Oct 24, 2026
- Stock and ETF commissionssofi.com/wealth/assets/documents/sofi-invest-fee-schedule.pdf, as of Oct 24, 2026
- Account typessofi.com/wealth/assets/documents/sofi-invest-fee-schedule.pdf, as of Oct 24, 2026
- Fractional sharessofi.com/invest/fractional-shares, as of Oct 24, 2026
- Automatic investingsofi.com/invest/fractional-shares, as of Oct 24, 2026
- Managed portfolios (robo)sofi.com/wealth/assets/documents/sofi-invest-fee-schedule.pdf, as of Oct 24, 2026
- Protectionsofi.com/invest/fractional-shares, as of Oct 24, 2026
- Platformssofi.com/wealth/assets/documents/sofi-invest-fee-schedule.pdf, as of Oct 24, 2026
- App store ratingApp Store listing, as of Oct 24, 2026
- Reference: sipc.org/for-investors/what-sipc-protects, checked Oct 24, 2026.
Each fact links to the official page it came from, with the date we checked it. Once a fact is older than its app's window (8 days for apps whose rates change often, 35 days for the rest), it reads “Not verified yet” until we check it again. How we source, date and index this data.
This is education, not financial advice.
