Platform Comparison

Public vs SoFi Invest

Compare Public and SoFi Invest on fees, DRIP, fractional shares and research for dividend investing.

Higher Rated
PB

Public

★4.4

A transparent, community-focused investing platform that rejects payment for order flow in favor of optional tipping—putting your interests first.

Full Review
SF

SoFi Invest

★4.3

A modern all-in-one financial platform combining commission-free investing with banking, loans, and complimentary access to financial advisors.

Full Review

Public vs SoFi Invest: Fees, Minimums & DRIP Compared

FeaturePublicSoFi Invest
Our Rating4.4/54.3/5
Trading Commissions$0$0
Account Minimum$0$0
Fractional Shares$1 minimumYes
DRIPFreeFree
Research ToolsBasicBasic
Best ForTransparency-Focused InvestorsBeginners

Public vs SoFi Invest: Pros and Cons

Public

Pros

  • + No payment for order flow—potentially better trade execution
  • + Commission-free stocks, ETFs, and options trading
  • + Fractional shares starting at just $1
  • + Free dividend reinvestment with fractional share support
  • + High interest rate on uninvested cash

Cons

  • - No mutual funds available
  • - Limited research and screening tools
  • - Extended hours trading costs $2.99 per order (non-Premium)
  • - Penny stocks cost $2.99 per trade (non-Premium)

SoFi Invest

Pros

  • + Commission-free trading on stocks, ETFs, and options
  • + No account minimum; fractional shares from $5
  • + Free access to certified financial advisors for 30-minute consultations
  • + Automated investing (robo-advisor) at just 0.25% annual fee
  • + Banking, investing, loans, and insurance under one roof

Cons

  • - Basic trading platform lacks advanced screeners and charting
  • - No tax-loss harvesting (unlike competitors like Betterment)
  • - Limited portfolio customization in robo-advisor
  • - No mutual funds or bonds in active investing

Which Is Better for Dividend Investors: Public or SoFi Invest?

Choose Public if you...

  • Are in Public's core audience: transparency-focused investors
  • Prefer a higher-rated overall platform

Choose SoFi Invest if you...

  • Are in SoFi Invest's core audience: beginners

Want the full breakdown of fees, DRIP, and research tools? Read our Public review and SoFi Invest review.

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Investment Disclaimer

Investing involves risk, including possible loss of principal. Past performance does not guarantee future results. This content is for informational purposes only and should not be considered investment advice.