Sofi pre market trading

Sofi Extended Hours Trading (Pre Market and After Hours)


2022 Sofi extended hours (EH, AH) trading fees, broker surcharge, and time period. How to enter Sofi pre market and after market buy/sell orders/trades.


Extended-Hours Trading at Sofi


There is no pre-market and after hours trading at Sofi Invest. In contrast, at TD Ameritrade $0-commission brokerage, pre-market session opens at 7:00 am, EST and after hours session ends at 8:00 pm, EST. Learn more in TD Ameritrade extended hours or read TD Ameritrade review.


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Other Brokers Extended-Hours Trading Time and Fees


Although Sofi Invest doesn’t provide access to the extended-hours sessions, many other brokers in the same cost category do. Sofi Invest’s equity commission is $0. Unlike Sofi Invest, E*Trade offers extended-hours trading services. The broker gives its clients access to the pre-market session, which lasts from 7 am, EST, until market open. The after-hours period is also available. It lasts from market close until 8 pm.

One huge disadvantage of E*Trade’s extended-hours trading service is that the broker charges an additional half penny per share on orders executed during these special sessions making them too expensive. Not all brokerage houses do this. TD Ameritrade, for example, imposes no surcharge on pre-market or after-hours trades; which starts at 7:00 AM and ends at 8:00 PM (24/5 for some ETFs); and its stock commission is also $0 for all customers.

TD Ameritrade’s pre-market session ends 15 minutes earlier than E*Trade’s period, however. TD Ameritrade’s after-hours period also starts a quarter of an hour later than E*Trade’s. It ends at the same time.

Both TD Ameritrade and E*Trade warn their customers that extended-hours trading carries significant risks. These include wider bid-ask spreads, which increase the cost of trading. Both the pre-market and after-hours sessions also come with lower liquidity, which can make finding a counter-party to a trade more difficult than the regular period.

Despite these inherent dangers, there are important advantages to extended-hours trading. Companies always release earnings reports before or after the regular session. Any major announcement can cause the share price to move significantly. If you only have access to the regular trading session, it may be too late to trade the stock when the market opens. Investors who can trade in the other two periods can capitalize on important price movements before the general public.


Is Sofi Invest Open On Weekends?


You can log in and use Sofi Invest website and app on weekends. However, stock market is closed on a weekend, so any changes to investments you make will take effect on the next business day.


Sofi after hours


The one exception is crypto trading. It is available 24/7.


About the Author
Chad Morris is a financial writer with more than 20 years experience as both an English teacher and an avid trader. When he isn’t writing expert content for Brokerage-Review.com, Chad can usually be found managing his portfolio or building a new home computer.