Minimum account balance and deposit at SoFi Invest

This article discusses what the minimum account balance (if required) and the minimum deposit (if required) at SoFi Invest stand for. Find out in which cases you must have a minimum balance at SoFi Invest.

Have you ever accidentally mixed up the minimum account balance with the minimum deposit? Rest assured, you’re not the only one. To prevent any confusion, we'll tell you what they are and how they differ from each other.

SoFi Invest does not offer margin or derivative trading: you can't trade stocks/ETFs on margin and derivative products, such as futures or options, are also unavailable. In this case, no minimum account balance is required and you can start using the SoFi Invest platform without having a minimum deposit in your account.

The minimum deposit is the minimum amount required for opening an online brokerage account. While some brokers do not require a minimum deposit, others do. The minimum deposit requirement means that you will need to transfer this amount to your brokerage account from your bank account in order to start trading. You can check the minimum deposit at SoFi Invest here.

Minimum account balance at SoFi Invest
Minimum account balance for stock/ETF margin trading

When trading stocks and ETFs on margin, the broker itself determines the minimum account balance you must always maintain in your SoFi Invest margin account.

Minimum account balance at SoFi Invest
Minimum account balance for derivative products

SoFi Invest offers derivative products to its clients:

Pattern Day Trading at SoFi Invest

The Pattern Day Trading (PTD) Rule applies at SoFi Invest. According to FINRA rules, you are a day trader if you execute at least four day trades within five business days.

Pattern Day Traders have to maintain a minimum account balance of $25,000 in their margin accounts. This allows them to engage in unlimited day trading. Brokers are free to impose a higher minimum requirement, which is often called a “house requirement”. If the account balance drops below the set minimum, traders are not permitted to day trade until the minimum level is restored. If the account balance is less than $25,000, maximum four day trades are allowed in five business days.

Minimum account balance at SoFi Invest
Minimum amount to open an account at SoFi Invest

Good news: the minimum deposit to open a SoFi Invest account is $0. There are brokers that require as much as a couple of thousand dollars. You can check in the table below what is the minimum deposit at the competitors of SoFi Invest.

Minimum amount to open an account at SoFi Invest vs its competitors
SoFi Invest Alpaca Trading Robinhood
Minimum deposit $0 $0 $0

SoFi Invest's self-directed and robo-advisory accounts both have a zero deposit requirement. SoFi Invest does not offer margin accounts at the moment.

Minimum account balance at SoFi Invest
Bottom line

Now you know what the minimum deposit and the minimum balance are at SoFi Invest and you understand the difference between the two. If you want to dig deeper, read our article on margin calls and short selling.

The minimum deposit is the minimum amount required to open a new online broker account.

The minimum account balance is not relevant at SoFi Invest as it doesn’t provide stock/ETF margin trading or derivative products.

Author of this article

Ádám Nasli

Author of this article

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Ádám Nasli

Broker Expert

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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