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Rating: 9.2 / 10 (Excellent)
Disclosure: We receive advertising revenue from this partner. Learn more.
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.
 
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How Do We Rate SoFi Invest?

Breakdown

5.0/5
Investment Products
4.5/5
Features
4.3/5
Pricing and Fees
4.5/5
Customer Support and Reputation

Our Overall Rating: 4.6 / 5 (Excellent)

SoFi is currently offering one of the most attractive wealth management accounts available to retail investors. With an easy-to-use intuitive platform, access to their financial advisors, no management fees, $0 minimum to open an account, and retirement account options, SoFi has features that compete with not only the more established brokerages but firms specializing in professional personal financial advice. SoFi offers several alternatives for investors of all levels: active trading, automated investing, and now they have options trading, giving investors the flexibility to invest based on stock value projections. SoFi's excellent customer service reputation makes it a great platform for beginners and experienced investors.

SoFi Invest Features

Features - 4.5 / 5

Portfolio Management
Self-Directed
Fully Automated
Investment Products
Stocks
ETFs
Options
Types of Accounts
Brokerage
IRA
Roth IRA
Checking
Savings
SEP IRA
Mobile App
Yes
Margin Lending
No

Financial Advisors

Available at no charge.

Broker Physical Locations

San Francisco, CA Healdsburg, CA New York, NY

SoFi Invest Fees and Commissions

Pricing and Fees - 4.3 / 5

Trade Cost/Commission
$0
Minimum to Open Account
$0

SoFi Invest Financial Strength and Customer Experience

Customer Support and Reputation - 4.5 / 5

Year Founded
2011
SIPC Membership
Yes
BBB Rating
A-
BBB Total Complaints
112
BBB Resolved Complaints
112
Trust Pilot Rating
8.9 out of 5
Consumer Financial Protection Board (CFPB) Complaints
0
Live Help 24/7
No
Customer Support Hours
Monday – Thursday 4am-9pm PT Friday – Sunday 4am-5pm PT
Contact Methods
Phone
Email
Social Media
Date Collected
2019-04-25

Company Profile

Full Name
SoFi Invest Online Stock Broker
Company Website
https://www.sofi.com/
Headquarters
One Letterman Drive, Building A, Suite 4700, San Francisco, CA, 94129

Disclaimers

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. Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA / SIPC. INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE
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Our Partner
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Get Up to $1,000 in Stock when you Open & Fund a New Active Invest Account*🏆

  • Get a 1% Match When you Transfer your Retirement Investments to SoFi IRA
  • 1% Match on recurring deposits, paid in rewards points with a SoFi Plus membership
  • Buy & sell stocks with no commissions*
  • Buy fractional shares starting at $5*

INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BACK GUARANTEED • MAY LOSE VALUE

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