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Robinhood 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.
- Robinhood leads
- 4
- SoFi Invest leads
- 0
- Level
- 4
Of 8 scored facts, Robinhood leads on 4, SoFi Invest on 0, and 4 are level. Countries and the offer are not scored.
Sync-only with QuantWheel
Your tradingabout $0.55 a monthabout $6.64 a yearInactivity fee estimated.
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Head-to-head
The best value in each row is marked; rows where every broker matches carry no mark.| Fact | Robinhood |  SoFi Invest |
|---|---|---|
| Fee per contract | $0 per contract | $0 per contract |
| Robinhood, Index contracts and other fees extra | SoFi Invest, Regulatory and clearing fees apply | |
| Exercise and assignment | $0 | $0 |
| Approval | SpreadsBest | Covered |
| Robinhood, Up to defined-risk spreads | 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 | No | Not published |
| Portfolio margin | Not published | Not published |
| Margin rate | 5.05%Best | 9.00% |
| Platforms | Web, Mobile | Web, Mobile |
| Paper trading | Not published | Not published |
| 24/7 support | YesBest | No |
| Countries | US only (SSN, US address; citizen, permanent resident or valid visa) | US only (SSN or ITIN; citizens, residents, supported visas) |
| QuantWheel | Sync-onlyBest | Not connected |
| Robinhood, 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.Robinhood$0 per contract · $0 exercise and assignment · spreads
Robinhood opens options accounts for residents of the United States, Puerto Rico and the US Virgin Islands, among the 243 countries this directory covers. It charges $0 per contract (Index contracts and other fees extra). Exercise and assignment cost $0. It approves up to defined-risk spreads. It trades on Web, 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.
Robinhood
about $0.07 a trade, under 0.1% of your premium. Inactivity fee estimated.
about $0.55 a monthabout $6.64 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
Robinhood 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.Robinhood suits a trader who trades spreads, which its highest level allows, or index options. It also offers chat support around the clock and joint and custodial accounts. 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. It also offers phone support every day of the week and SEP and rollover IRAs. With Robinhood, QuantWheel syncs your positions and you place the orders at Robinhood.
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Robinhood vs SoFi Invest