Our take on SoFi Invest
SoFi Invest is a discount US stockbroker regulated by the top-tier SEC and FINRA. SoFi Invest offers commission-free US stock and ETF trading without withdrawal or inactivity fees. The account opening process is seamless, fully digital and really fast. Customer support gives relevant and quick answers. It is a good choice for beginner investors. On the down side, SoFi Invest is available only for US residents. The product portfolio is limited, covering only stocks, ETFs and cryptocurrencies. Research tools are very basic. BrokerChooser gave SoFi Invest a 4.7/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Pros | Cons |
---|---|
• Free stocks and ETFs
|
• Available only for US clients
|
• Fast and fully digital account opening
|
• Limited product portfolio
|
• Great customer support
|
• Basic research tools
|
SoFi Invest main highlights
🗺️ Country of regulation | USA |
💰 Trading fees class | Low |
💰 Inactivity fee charged | No |
💰 Withdrawal fee amount | $0 |
💰 Minimum deposit | $0 |
🕖 Time to open an account | 1-3 days |
🎮 Demo account provided | No |
🛍️ Products offered | Stock, ETF, Crypto |
SoFi Invest summary
SoFi Invest review
Fees
SoFi Invest review
Account opening
SoFi Invest review
Deposit and withdrawal
SoFi Invest review
Web trading platform
SoFi Invest review
Mobile trading platform
SoFi Invest review
Desktop trading platform
SoFi Invest review
Markets and products
SoFi Invest review
Research
SoFi Invest review
Customer service
SoFi Invest review
Education
SoFi Invest review
Safety
SoFi Invest review
Bottom line
SoFi Invest's fees are great. You can trade stocks and ETFs listed on major US markets for free. Account opening is easy, fully digital and fast. Customer service responds quickly and gives relevant answers.
SoFi Invest has some drawbacks though. It is available only for US clients. Its product portfolio is fairly limited, covering only US stocks, ETFs, and a few cryptocurrencies. Lastly, research tools are very basic.
As the account opening process is seamless and SoFi Invest offers commission-free stock and ETF trades, you should feel free to try it.
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