SoFi Active Investing / Invest Starting with $5 – Stocks, ETFs

SoFi Active Investing review quick take: An easy platform to start buying and selling stocks and ETFs with no commission.

What is SoFi Active Investing?

SoFi Invest offers the SoFi Active Investing account for the DIY investor looking to actively trade individual stocks, fractional shares, and exchange-traded funds (ETFs). With SoFi Active Investing, there are no account minimums and zero commissions when you buy and sell,

Start actively investing with SoFi here

What’s the difference between active and passive investing?

Active Investing involves buying and selling stocks, with the goal of potentially beating average market returns by choosing short-term profits over long-term gains.

As a passive investor, you invest money in a group of stocks, such as an index fund or exchange-traded fund (ETF), and let the market do its thing with little activity.

Both of these aspects come with a level of risk. Learn more about active and passive investing here.

How SoFi Active Investing Works

SoFi Active Investing is a do-it-yourself trading platform.

• Do-it-yourself (DIY) investing: choose how much and what stock or ETFs to invest in.
• Buy and sell stocks and ETFs during regular stock market hours.
• Get fractional shares for just $5.
• Access and invest in IPOs before they begin trading on a public exchange.

Active Investing and brokerage services are provided by SoFi Securities LLC, Member FINRA. APEX Clearing Corporation provides clearing and custody of all securities. SoFi Securities, LLC is a Member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash).

Start your SoFi Active Investing account today.

Key Features

SoFi Active Investing offers a number of features:

• Commission-free trading: Pay zero commission fees when you buy and sell equities.
• No account minimums: Start a SoFi Invest account with $1.
• Real-time trades: Orders are executed immediately during market hours.
• Fractional shares: Own a slice of stock or fractional shares of your favorite companies.
• IPO Access: Invest in IPOs before they are available and open to the general market.
• Alternative investments: Build wealth with funds that include commodities, private credit, pre-IPO, real estate, and more.
• Autopilot: Set recurring investments on a schedule you choose and automatically purchase shares of stock and ETFs.
• Dividend reinvestment: have your dividends automatically reinvested to help with compound growth.
• Options trading is now available, too.
• Margin accounts to borrow against your investments to buy stocks and ETFs.

Open an account and start investing.

Pros and Cons

Pros

• User-friendly and intuitive mobile app
• No account minimums
• Zero-commission on trades

Cons

• Limited active trading features like stop loss
• No tax-loss harvesting

Fees

• Management fee: $0
• Trading fee: $0

It’s important to note that there are no commissions on trades, but owning ETFs often includes expense ratio fees priced into the fund.

Who is it best for?

SoFi Active Invest is a great option for beginner investors who want to be active traders.

SoFi Active Investing Review

SoFi Invest is a legitimate service offered by a publicly traded company ($SOFI). The SoFi app has a 4.7 out of 5-star rating in the App Store and an excellent rating of 4.7 out of 5 on Trustpilot, with over 8,500 reviews.

In our SoFi Invest review, we learned investors could benefit from the app’s simplicity, zero trading commissions, interactive tools, and no minimum deposit requirements. With SoFi Active Investing, you can buy and sell stocks, fractional shares, and ETFs without the clutter and charts that often make new investors nauseous.

SoFi Invest is best for new investors and active traders who want an alternative to Robinhood.

Get SoFi Invest and start trading with just $5.

How to Start Using SoFi Active Investing

Minimum Requirements

• Must be at least 18 years old.
• Verifiable personal information.
• Social security number.

Step-by-Step to Open a SoFi Active Investing Account

The time needed: 3 minutes.

1. Getting started
   • Download the app or click this link to start.
2. Select Active Investing
   • Submit your personal information, such as name, email, and password.
3. Fund your account
   • Add money to your new brokerage account.
4. Choose your stocks
   • Start investing and build your portfolio.

SoFi Active Invest Alternatives

There are several SoFi Alternatives for active investors, such as Webull, Robinhood, and Public.com. Each of these online brokerages offers features suitable for different types of traders. Click on those links to learn more about them.

Find more investing apps in the marketplace.