SoFi Active Investing Review 2025: Pros, Cons and How It Compares

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Where SoFi Active Investing shines

Rollover match on IRAs: SoFi will match 1% of a rollover from a 401(k) if completed through the broker's partner, Capitalize.

Access to financial advisors: SoFi clients have access to financial advisors to help with long-term financial strategy. SoFi members can schedule one appointment with a financial planner; members of SoFi Plus can schedule as many as they'd like. (SoFi Plus is a premium membership that is available to SoFi members with a checking and savings account with direct deposit enabled.) Many other brokers don't offer access to advisors, or if they do, they often charge an additional fee.

Where SoFi Active Investing falls short

What type of investor should choose SoFi Active Investing?

Less-experienced investors: Beginners will appreciate the access to financial professionals you get with SoFi. This is a perk not many other brokerages offer. Fractional shares will also make beginners feel more comfortable.

Retirement investors: SoFi's 1% rollover match is a nice bonus for moving retirement money to SoFi.

Options traders: Options trades come with zero costs, including no options contract fees.

What the Nerds think 🤓

SoFi Active Investing at a glance

How to sign up for a SoFi Active Investing account

To sign up for a SoFi account, download the app or create an account on SoFi's website. Once your account is created you'll have to choose what type of investing account you want to open. You can choose from a traditional brokerage account or an IRA.

You'll need to fill out some personal details, including your birthday, citizenship status, Social Security number and contact information. SoFi will also ask about your employment status. From there, you can link your bank and fund your new investment account.

There is a benefit to also having a checking and savings account with SoFi, especially if you have direct deposit enabled. That qualifies you for SoFi Plus, which offers a higher APY on bank balances, rewards points and increased access to financial advisors. (Customers who do not have a savings and checking account with direct deposit at SoFi can instead opt to pay $10 a month for SoFi Plus access.)

What to know about SoFi Active Investing's fees

SoFi Active Investing has no account minimum, no stock trading fees, and impressively, no options trading fees, including per-contract charges. This is rare among brokers that offer options trading — while commissions on options trades are no longer common, most charge a fee per contract.

SoFi has no annual fee, but there is a $100 full or partial outgoing transfer fee, which is among the highest of any broker we review. There is also a $25 annual inactivity fee, but you can avoid that without much work: As long as you log in to your account at least once every six months, you can waive this fee. There is also a $20 fee for closing an IRA.

SoFi Active Investing's trading platforms and apps

SoFi Active Investing offers a straight-forward trading platform with very limited features without the bells and whistles serious traders may enjoy.

It does have a straightforward interface for new investors, though, and some of its offerings help the company live up to the "social" aspect of Social Finance. For instance, you can look at the holdings of well-known traders to see how your ideas compare to theirs.

Signing up and funding your account are both straightforward, though unless you have a clear idea of what you want to invest in, you may wind up having to look elsewhere as you decide what to buy. SoFi doesn't have a lot of the screening, comparison and research tools that its top-tier competitors offer.

SoFi's trading hours are relatively expansive: from 9 a.m. to 8 p.m. Eastern, and SoFi does facilitate over-the-counter trades with no commission.

SoFi Active Investing's app is available for iOS and Android, highly rated by iOS and Android users and allows users to make trades, as well as track performance and get real-time quotes.

SoFi Active Investing's investment selection

SoFi gives investors access to stocks, ETFs, over 6,000 no-transaction-fee mutual funds, options, and interval funds. SoFi's mutual fund catalog includes liquid alternative funds, including commodities, precious metal commodities and real estate.

SoFi Active Investing also gives investors access to fractional shares, options, IPO offerings and American depository receipts (ADRs), which allow customers to easily buy shares in foreign companies.

SoFi does not give investors access to more advanced securities such as futures, forex or crypto.

Other key SoFi Active Investing features

Customer support

Customer support is available via email and chat, as well as by phone from 5 a.m to 5 p.m PT every day. Note, however, that investing-specific help (meaning access to financial advisors) is only available on weekdays.

Execution quality

It's also important to note that SoFi does accept payment for order flow, which is a common practice among discount brokers. But it does mean that SoFi may earn more if it routes your order to the market maker that offers the best payment rather than the optimal consumer price.

The company says that for orders between 100 and 499 shares, its execution quality is around 97.41%.

IRA account

SoFi offers traditional, Roth, SEP and rollover IRAs. Currently, SoFi is offering an IRA rollover match of 1%.

Good to know about SoFi Active Investing

Low interest rate on uninvested cash

SoFi offers a low 0.01% interest rate on uninvested cash, and even to receive that, you have to opt into it. This is a departure from some other brokers, where the default interest rate on uninvested cash can be as high as around 4%.

Lack of research and data

SoFi has a sampling of online resources, such as historical data and stock performance, as well as webinars and live events. But it lacks the research capabilities you might find elsewhere.

Is SoFi Active Investing safe?

All investing comes with the risk of loss, but SoFi is covered by insurance and is registered with all the appropriate governing bodies.

Is an investment at SoFi Active Investing FDIC insured?

SoFi has FDIC insurance to protect cash deposits in checking and savings accounts for up to $250,000. SoFi is also covered by SIPC insurance, which protects brokerage accounts up to $500,000. SIPC insurance don't apply to investment losses or price fluctuations. SoFi is also regulated by the Securities and Exchange Commission to ensure compliance with securities regulations, and by FINRA, which regulates broker-dealers.

Is SoFi Active Investing right for you?