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SoFi Invest vs Webull
The same facts side by side. Swap a broker from the menu under its logo; the best value in each row is marked.
- SoFi Invest leads
- 0
- Webull leads
- 4
- Level
- 3
Of 7 scored facts, SoFi Invest leads on 0, Webull on 4, and 3 are level. Countries and the offer are not scored.
Trade & Sync with QuantWheel
Your tradingabout $0.59 a monthabout $7.07 a yearAssignment and inactivity fees 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 |  SoFi Invest | Webull |
|---|---|---|
| Fee per contract | $0 per contract | $0 per contract |
| SoFi Invest, Regulatory and clearing fees apply | Webull, Oversized and index orders cost extra | |
| Exercise and assignment | $0 | Not published |
| Approval | Covered | NakedBest |
| SoFi Invest, Covered calls and cash-secured puts | Webull, Up to naked short options | |
| 0DTE | Yes | Yes |
| Index options (SPX) | Not published | Yes |
| Options on futures | Not published | Not published |
| Spreads in an IRA | Not published | No |
| Portfolio margin | Not published | Not published |
| Margin rate | 9.00% | 8.74%Best |
| Platforms | Web, Mobile | Web, Desktop, Mobile, APIBest |
| Paper trading | Not published | Yes |
| 24/7 support | No | No |
| Countries | US only (SSN or ITIN; citizens, residents, supported visas) | US residents only (incl. accepted visa holders); SSN or ITIN and US address needed |
| QuantWheel | Not connected | Trade & SyncBest |
| Webull, Reads the account and places the orders you approve | ||
| 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.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.
Webull$0 per contract · exercise fee not published · naked
Webull opens options accounts for residents of 8 of the 243 countries this directory covers, among them the United States, Brazil and Mexico. It charges $0 per contract (Oversized and index orders cost extra). It does not publish its exercise and assignment fees. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; with Trade & Sync the orders you approve go to the broker from 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.
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
Webull
about $0.07 a trade, under 0.1% of your premium. Assignment and inactivity fees estimated.
about $0.59 a monthabout $7.07 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.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 offers phone support every day of the week and SEP IRAs. Webull suits a trader who wants naked options at Level 4 with a minimum balance, paper trading, a desktop platform or a joint account. Both open accounts in the US only. QuantWheel sends the orders you approve to Webull.
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SoFi Invest vs Webull