Last update: October 14
SoFi® Active Invest is the self-directed brokerage arm of SoFi®, a US fintech platform launched in 2011. Brokerage and Active investing products are offered through SoFi Securities LLC, member FINRA (www.finra.org) / SIPC (www.sipc.org). You can trade stocks, ETFs, and options with $0 commissions and no account minimums, though other fees such as exchange fees may apply. Options involve risks, including substantial risk of loss. Investing, banking, lending, and financial planning sit inside one app. Fractional shares start at $5 and restrictions apply, IPO access is available to eligible members, and SoFi® offers a 1% IRA Match on contributions and rollovers, terms apply. Full disclosures appear at the bottom of this page.
SoFi Plus members can schedule an unlimited number of financial planner appointments, subject to eligibility and availability
Buy slices of higher-priced stocks starting from $5. Restrictions apply
Eligible members can invest in IPOs before they list on the public market
Exposure to real estate, commodities, and private credit through interval funds, which are illiquid and may not suit all investors
Pair with the SoFi® robo-advisor to build and rebalance a portfolio of low-cost ETFs. Automated investing is offered through SoFi Wealth LLC
Investing, banking, lending, and credit cards, all managed from one app
Built with beginner investors in mind
IPO access for eligible members, no account minimum
No per-contract fees on options, other fees may apply
Access to alternative investments through interval funds
Investing, banking, and lending in one app
No account minimums, fractional shares from $5, restrictions apply
Access to IPOs and alternative investments
1% IRA Match on contributions and rollovers, terms apply
Access to a credentialed financial planner
Investing, banking, and lending in one app
Cash sweep rate of 0.01%
Limited research and charting tools
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Founded 2011. Brokerage services through SoFi Securities LLC, member FINRA and SIPC. Advisory services through SoFi Wealth LLC, an SEC-registered investment adviser
Clean mobile app with intuitive navigation
Stocks, ETFs, options, fractional shares, IPOs, mutual funds, ADRs, and more
Phone and live chat, Mon-Thu 5 AM-7 PM PT, Fri-Sun 5 AM-5 PM PT
Account opening is done online, and you do not need prior investing experience. The platform walks you through each step:
1. Create your account: Sign up on sofi.com or in the app with basic info.
2. Choose Active Investing: Open a self-directed account or IRA.
3. Verify your identity: Complete the standard identity check. Approval times vary.
4. Link a bank account: Connect an external account or SoFi Checking.
5. Place your first trade: Buy stocks, ETFs, or fractional shares from $5.
6. Set recurring investments (optional): Schedule weekly or monthly deposits.
SoFi® Active Invest may suit beginner and intermediate investors who want investing, banking, and lending connected in a single app. Access to a credentialed financial planner, the 1% IRA Match, and access to IPOs and alternative investments are the features that set it apart from a plain $0-commission broker. Investors who need deep charting, multi-leg options, futures, or forex will find the platform limited. This is our own editorial assessment. It is not investment advice, and it is not provided on behalf of SoFi®. All investing involves risk, including possible loss of principal.
SoFi® Active Invest packs a lot into one app: $0 commission trading, IPO access for eligible members, alternative investments, financial planner access, and a connected banking ecosystem. The trade-off is a thinner research and charting toolset than dedicated trading platforms offer, and a low rate on uninvested cash. Whether it fits depends on your own objectives, risk tolerance, and how much analysis you want built in. All investing involves risk, including possible loss of principal.
INVESTMENTS ARE NOT FDIC INSURED. ARE NOT BANK GUARANTEED. MAY LOSE VALUE.
Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA (www.finra.org) / SIPC (www.sipc.org).
Fees
Other fees, such as exchange fees, may apply. Please view the SoFi fee disclosure for a full listing of fees.
Alternative investments
Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA (www.finra.org) / SIPC (www.sipc.org).
Fractional shares
There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Shares will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event.
Options
Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment. Before trading options please review the Characteristics and Risks of Standardized Options at https://www.theocc.com/getmedia/a151a9ae-d784-4a15-bdeb-23a029f50b70/riskstoc.pdf
Financial planner access
SoFi Plus members can schedule an unlimited number of appointments with a financial planner during periods in which the SoFi Plus member meets the eligibility criteria set forth in section 10(a) of the SoFi Plus Terms and Conditions. SoFi members who are not members of SoFi Plus can schedule one (1) appointment with a financial planner. The ability to schedule appointments is subject to financial planner availability. SoFi reserves the right to change or terminate this benefit at any time with or without notice. Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth advisory operations, services, and fees is set forth in the current SoFi Wealth Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov
Automated investing
Automated investing is offered through SoFi Wealth LLC, an SEC-registered investment adviser. The 0.25% fee is based on your account value. The wrap program fee may cost more or less than purchasing brokerage, custodial, and recordkeeping services separately.
Stock Award promotion
Limited time offer, 9/28 to 10/18. The probability of a member receiving $3,000 is 0.028%. If you do not make a selection in 45 days, you will no longer qualify for the promo. Members must fund their account with a minimum of $50.00 to qualify. The probability percentage is subject to decrease. Members are only eligible for the Stock Award promotion upon opening their first brokerage account. Subsequent cash brokerage accounts are ineligible for the promo, including for members with multiple accounts.
1% IRA Match
Terms and conditions apply. For 401(k) rollovers, existing SoFi IRA members must complete 401(k) rollovers via the SoFi designated link. For SoFi members without a SoFi IRA, a SoFi IRA must first be opened and the 401(k) rollover completed using Capitalize. SoFi and Capitalize will charge no additional fees to process a 401(k) rollover to a SoFi IRA. SoFi is not liable for any costs incurred from the existing 401(k) provider for the rollover. Please check with your 401(k) provider for any fees or costs associated with the rollover. For IRA contributions, only deposits made via ACH and cash transfer from SoFi Bank accounts are eligible for the match.
About this page
top10stocktrading.com is an advertising and comparison site operated by Smart Gravity LTD. We may receive compensation from the providers listed, which may affect placement and scoring. We are not a broker-dealer or an investment adviser, we do not provide investment advice, and we are not authorized to provide investment advice on behalf of SoFi. Scores are our own editorial opinion. All investing involves risk, including possible loss of principal. Product details and promotions are provided by our partners and are subject to change without notice.
Trustpilot reviews covering all products from SoFi
The process was fast and clear. No hide information.
The application process couldn't have been easier and the follow up is excellent. It makes you feel like they really care and want you to succeed. SoFi rocks!
Fast and dependable. The rates are a little high, but very reliable service.
Easy to apply, fast response, quick turnaround, extremely pleased.
The application was very easy to fill out and the service was fast. Had the loan within days.