Overview of SoFi Invest fees and charges

We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.

  • Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
  • it denotes the difference between the bid and ask price. When you trade forex, spreads can make up a significant part of your trading costs.
  • Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
  • Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.

Now, let's dive into the details and see what commissions, spreads, and financing rates SoFi Invest charges.

SoFi Invest commission and other fees
SoFi Invest commission and other trading fees

The good news is that SoFi Invest has low trading fees in general. We ranked the fees of SoFi Invest as low, average, or high based on how they compare with all reviewed brokers.

Check out this table to get an overview of whether SoFi Invest commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of SoFi Invest commission and other trading fees
SoFi Invest Alpaca Trading Robinhood
Stock and ETF Low Low Low
Forex - - -
Fund - - -
Bond - - -
Options - - Low
Futures - - -

Now let's go over the trading fees for each asset class one by one.

SoFi Invest stock and ETF commissions, spreads

SoFi Invest stock and ETF commissions are low. SoFi Invest stock and ETF commissions are charged as per the table below.

SoFi Invest stock and ETF commission
SoFi Invest
US stock $0 per trade

You can compare SoFi Invest stock and ETF fees with the two closest competitors.

SoFi Invest stock and ETF commission, spreads vs competitors
SoFi Invest Alpaca Trading Robinhood
US stock $0.0 $0.0 $0.0

Stock and ETF commissions are calculated for a $2,000 trade

SoFi Invest commission and other fees
SoFi Invest non-trading fees

In addition to trading fees, it's important to see if SoFi Invest charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by SoFi Invest with its two closest competitors.

SoFi Invest non-trading fees vs competitors
SoFi Invest Alpaca Trading Robinhood
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0
Account fee No No No
Inactivity fee No No No

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

SoFi Invest commission and other fees
Bottom line

Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by SoFi Invest and its closest competitors. To learn more about SoFi Invest, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.

If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.

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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