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Fidelity vs SoFi Invest
The same facts side by side. Swap a broker from the menu under its logo; the best value in each row is marked.
- Fidelity leads
- 4
- SoFi Invest leads
- 2
- Level
- 2
Of 8 scored facts, Fidelity leads on 4, SoFi Invest on 2, and 2 are level. Countries and the offer are not scored.
Add a third broker
Up to three brokers, with a year of your trading at each
Head-to-head
The best value in each row is marked; rows where every broker matches carry no mark.| Fact |  Fidelity |  SoFi Invest |
|---|---|---|
| Fee per contract | $0.65 per contract | $0 per contractBest |
| Fidelity, Buy to close at $0.65 or less costs $0 | SoFi Invest, Regulatory and clearing fees apply | |
| Exercise and assignment | $0 | $0 |
| Approval | NakedBest | Covered |
| Fidelity, Up to naked short options | SoFi Invest, Covered calls and cash-secured puts | |
| 0DTE | Yes | Yes |
| Index options (SPX) | Yes | Not published |
| Options on futures | No | Not published |
| Spreads in an IRA | Yes | Not published |
| Portfolio margin | Not published | Not published |
| Margin rate | 10.63% | 9.00%Best |
| Platforms | Web, Desktop, MobileBest | Web, Mobile |
| Paper trading | Not published | Not published |
| 24/7 support | YesBest | No |
| Countries | US residents only | US only (SSN or ITIN; citizens, residents, supported visas) |
| QuantWheel | Sync-onlyBest | Not connected |
| Fidelity, Reads the account; you place the orders | ||
| Offer |
Facts from each broker's fee schedule and options agreement, checked 8 October 2026. Best marks the lowest cost or the widest allowance in a row.
The two brokers
One paragraph each.Fidelity$0.65 per contract · $0 exercise and assignment · naked
Fidelity opens options accounts for residents of the United States only. It charges $0.65 per contract (Buy to close at $0.65 or less costs $0). Exercise and assignment cost $0. It approves up to naked short options. It trades on Web, Desktop, Mobile. QuantWheel syncs positions and trades from the account and suggests; you place the orders at the broker.
SoFi Invest$0 per contract · $0 exercise and assignment · covered
SoFi Invest opens options accounts for residents of the United States only. It charges $0 per contract (Regulatory and clearing fees apply). Exercise and assignment cost $0. It approves up to covered calls and cash-secured puts. It trades on Web, Mobile. It is not connected to QuantWheel.
What each costs for the way you trade
A year of fees from each broker's published prices, checked 7 and 8 October 2026.
Fidelity
$0.72 a trade, 0.6% of your premium.
$5.77 a month$66 to $69 a year
SoFi Invest
about $0.07 a trade, under 0.1% of your premium. FINRA fee estimated.
about $0.60 a monthabout $7.16 a year
SoFi Invest does not publish every fee this strategy needs, so no broker is named lowest here.
A year from each broker's published fees. A fee a broker leaves out is estimated at the middle of what the brokers that publish it charge, and that total says about. Your broker statement can differ, and brokers change fees.
Who each suits
Written from the facts on this page. Each feature needs the broker's approval and account rules.Fidelity suits a trader who wants spreads, including in an IRA, naked options or a desktop platform. Spreads and naked options there each need a minimum balance. SoFi Invest suits a trader who buys calls and puts or sells covered calls and cash-secured puts, the strategies its highest level, Level 2, covers. Both offer phone support every day of the week, around the clock at Fidelity. With Fidelity, QuantWheel syncs your positions and you place the orders at Fidelity.
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Fidelity vs SoFi Invest