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SoFi Invest Online Stock Broker Review

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Social Finance, Inc., known as SoFi, is an online lender that provides student loan refinancing, personal loans, mortgage loans, online trading, and wealth management services. Headquartered in California and founded in 2011, the company originally focused on student loan refinancing and has branched out into additional areas of personal finance, including self-directed and automated investment accounts.

 

SoFi Company Overview:

SoFi is an online financial services company that offers a range of products, including stock trading, loans, and banking. Its investment platform provides commission-free trading of stocks, ETFs, cryptocurrencies, and access to automated investing. Additionally, SoFi integrates banking and investing services, allowing seamless management of personal finances within the app.

Account Minimum & Fees:

SoFi has no account minimums and offers commission-free trading for stocks and ETFs. It charges a 1.25% fee for cryptocurrency transactions and no management fees for its automated investing service.

Tradable Securities:

Stocks, ETFs, Cryptocurrency, and provides access to IPOs.

 

 

Not Supported:

Options, mutual funds and bonds.

 

 

 

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Top Rated
Our Partner
 
🏆Deposit $50 or More for Higher Earnings
  • Buy & sell stocks with no commissions*
  • Buy fractional shares starting at $5*
  • Access to alternative investments, including commodities

*Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 45 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Probability percentage is subject to decrease.

View SoFi Offer