Sofi Invest Fees Schedule, Brokerage Account Investing & Stock Trading Commissions, & Margin Rates (2020)

Sofi Invest commissions schedule, fees, broker stock trading cost, annual and inactivity charges, online investing account pricing, and margin rates.

Sofi Invest Pricing and Minimum Deposit

Stocks and ETFs $0
Options not offered
Mutual funds not offered

Investments stocks, ETFs, crypto currencies
Minimum deposit to open account $0
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Sofi Invest Promotion

Buy and sell stocks at no cost. Plus, there are no account minimums.

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Sofi Invest Annual Fee

Sofi Invest does not charge annual fee for regular brokerage individual, joint taxable accounts, and IRA accounts.

Sofi Invest Inactivity Fee

Sofi Invest does not charge account inactivity fee.

Sofi Invest Maintenance Fee

Sofi Invest does not charge annual maintenance fee on all accounts.

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Sofi Invest rating

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Sofi Invest Margin Rates

Sofi Invest does not offer margin accounts right now.

Sofi Invest Mutual Funds Fees

Sofi Invest does not offer mutual funds investing at this time.

Sofi Invest Options and Bonds Trading

Sofi Invest does not offer options and bonds trading ability at this time.

Sofi Invest Fees

Bank Transfer (ACH) Incoming $0
Bank Transfer (ACH) Outgoing $0
Domestic Wire Transfer Out $0
International Wire Transfer Out $0
Domestic Wire Transfer In Transfer $0
International Wire In Transfer $0
ACAT Incoming $0
ACAT Outgoing $0
SEC Fee $13.00 per $1,000,000 of principal (sells only), minimum $0.01
TAF (Trading Activity Fee) $0.000119 per share (equity sales); $5.95 max.

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Sofi Invest Stock and ETF Commissions

Trading is 100% commission-free on Sofi Invest. You can trade stocks and ETFs on the Sofi Invest platform without any trading fees. Sofi Invest will pass on to you the small regulatory fees that are charged on proceeds of sales, but these are usually pennies per trade and are passed onto investors by all brokers. Opening and maintaining your Sofi Invest account is also free of charge, so if you’re even a little bit interested in taking Sofi Invest for a test drive, there’s little reason not to.

Sofi Invest Account Fees

If you’re thinking about opening a brokerage account with SoFi, you need to be aware of the fees and commissions the company charges. As it turns out, there’s not much to report on.

There are three account types SoFi Invest offers: crypto accounts, self-directed accounts, and managed accounts.

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Sofi Crypto Accounts

Digital currencies can be traded at SoFi in a specially-designated cryptocurrency account. Specifically, there are three coins currently available: Litecoin, Ethereum, and Bitcoin.

Trades of any one of three costs up to 1.25% of trade value. We say “up to” because that’s what SoFi says. In a trade of Bitcoin we placed, we immediately lost about 1.25% of trade value. The fee is assessed as a markup in the trade price. It doesn’t show up as a separate commission. The same will happen on the sell side. There will be a markdown in price. There will be no separate commission charged.

Sofi Self-Directed Accounts Fees

If you want to trade securities—investments like stocks, ETF’s, and closed-end funds—you’ll need to open another account. SoFi calls it Active Investing. Whatever you want to call it, this is where you will buy and sell a very limited selection of securities. There are no options, mutual funds, or bonds.

But the advantage is that there are no fees of any kind. Everything is commission-free, and there are no account fees. SoFi doesn’t even charge a fee to transfer an account to another brokerage firm. There are no inactivity fees, and the broker-dealer has no minimums of any kind.

Sofi Managed Accounts Fees

And what if you want to use the company’s automated investing service? SoFi charges nothing for its robo-advisory program, which buys and sells ETF’s. Amazingly, consulting human advisors is free; and SoFi imposes to limit on the number of times you can do that. The broker’s software is responsible for actual management of accounts; while human advisors provide financial guidance and answer questions that SoFi customers may have.

SoFi does require a $1 deposit to start its robo service.

Sofi Invest Promotion

If these fees aren’t low enough for you, SoFi even has promotions to sweeten the pot. Currently, if you buy $10 of cryptocurrencies, the broker will add $25 to your crypto account. And if you open and deposit $5,000 into an Active Investing account, you’ll receive another $100. Pretty good from a broker that doesn’t charge very much to begin with.

Buy and sell stocks at no cost. Plus, there are no account minimums.

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