SoFi Invest Review 2022 (Expert Review)

SoFi Invest Review Summary

SoFi Invest is an online brokerage company that offers fractional shares of companies. These allow investors to purchase companies for as little as one dollar, allowing them to invest in more expensive stocks. This feature is unique to SoFi Invest. The company also offers fractional shares of cryptocurrency. This allows you to buy part of a company for a fraction of the price. You can also access your portfolio from your mobile device, and you can invest right from your phone or tablet. To start investing with SoFi, you must sign up for an account. The website has a app that allows you to trade stocks and cryptocurrencies.

SoFi Invest review
SoFi Invest Platform Features

SoFi Invest main features and highlights
๐Ÿ—บ๏ธ Country of regulation Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC)
๐Ÿ’ฐ Trading fees No
๐Ÿ’ฐ Inactivity fee No
๐Ÿ’ฐ Withdrawal fee No
๐Ÿ’ฐ Minimum deposit 5000
๐Ÿ•– Time to open a SoFi Invest account 1-3. *A SoFi Invest demo account can be opened in a few minutes, but live SoFi Invest trading account creation times will vary depending on how long it takes to process your SoFi Invest KYC documents.
๐Ÿ’ณ Wire Transfer No
๐Ÿ‘› Depositing with electronic wallet No
๐Ÿ’ฑ Number of base currencies supported 1
๐ŸŽฎ Demo account provided No
๐Ÿ›๏ธ Financial Instruments offered Forex, Commodities, Indices, Stocks, Crypto, Futures

SoFi Invest review
SoFi Invest Financial Regulation

SoFi Invest is regulated by Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC).

SoFi Invest review
SoFi Invest Pros And Cons

Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using SoFi Invest include a large choice of assets that are available to be traded 24/7; and easy-to-use website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using SoFi Invest can be that the spreads offered on trading cryptocurrencies (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.

SoFi Invest review
SoFi Invest Advantages

One of the main advantages of using SoFi Invest is around the clock service and support as well as research offerings. Not only this, but SoFi Invest has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of SoFi Invest with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with SoFi Invest makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. SoFi Invest offers stock quotes and trade information, making it easy for users to view how their investments are doing.

  • SoFi Invest has been in business over 10 years.
  • SoFi Invest offers a Apple Mac desktop trading platform
  • SoFi Invest offers mobile trading applications
  • SoFi Invest does not have inactivity fees

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SoFi Invest Disadvantages

Although SoFi Invest has a lot of good points SoFi Invest does not offer the below.

SoFi Invest Review Risk Warning: Your capital is at risk.

SoFi Invest Review

SoFi Invest review
Things to understand when trading with SoFi Invest

Online trading on trading platforms like SoFi Invest have seen huge growth in the last 3 years. Trading with SoFi Invest requires that you take the time to learn how financial markets work and are able to trade with SoFi Invest using in depth technical analysis and SoFi Invest risk management trading tools. Trading with SoFi Invest involves risk. You should only risk capital with SoFi Invest that you can afford to lose. Understand your risk tolerance with SoFi Invest, and have a trading strategy that SoFi Invest is able to help you execute. SoFi Invest is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments SoFi Invest give you access too.

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SoFi Invest Trading Fees

Trading fees on SoFi Invest are taken in the form of the spreads SoFi Invest offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on SoFi Invest. SoFi Invest fees vary depending on the financial instruments traded and can include, SoFi Invest overnight funding fees, spreads, margins and SoFi Invest inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your SoFi Invest account charged by your 3rd party payment provider if your SoFi Invest base currency is different from your SoFi Invest withdrawal method.

NameSoFi InvestIC MarketsRoboforex
Account FeesNoNoNo
Withdrawal FeesNoNoYes
Deposit FeesNoNo
Inactivity FeeNoNoNo
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Losses can exceed deposits
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Losses can exceed deposits

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SoFi Invest Financial Instrument Fees

SoFi Invest fees for Forex, Commodities, Indices, Stocks, Crypto, Futures are listed below.

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SoFi Invest Stock Trading Fees

The majority of SoFi Invest trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A SoFi Invest stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.

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SoFi Invest Forex Fees

Commission on SoFi Invest Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for SoFi Invest Forex fees is based on their trade size. To calculate SoFi Invest Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.

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SoFi Invest Cryptocurrency Fees

Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. SoFi Invest cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. SoFi Invest cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).

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SoFi Invest Non Trading Fees

SoFi Invest non-trading fees include a variety of SoFi Invest brokerage fees and charges that a trader will pay which are not related to buying and selling assets using the SoFi Invest trading platform. The most common non-trading fees include SoFi Invest withdrawal fees, SoFi Invest deposit fees and SoFi Invest inactivity fees.

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SoFi Invest Deposit Fees

SoFi Invest does charge deposit fees in some cases. When funding your SoFi Invest account there may be some SoFi Invest deposit fees which will vary depending on the payment method you use to deposit to your live SoFi Invest trading account.

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SoFi Invest Inactivity Fees

SoFi Invest does not charge traders inactivity fees. SoFi Invest does not charge for dormant inactive trading accounts. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.

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SoFi Invest Withdrawal Fees

SoFi Invest does not charge withdrawal fees. Withdrawals fees vary between SoFi Invest and SoFi Invest alternatives depending on where you are located and how much money you are withdrawing.

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SoFi Invest Account Fees

SoFi Invest does not charge account fees. Account fees charged differ between SoFi Invest and other brokers. An account is a fee that SoFi Invest and other brokers assesses on all accounts for the ability to keep an account on their platform.

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SoFi Invest Account Opening

The SoFi Invest account registration process is simple, user-friendly, and quick. Within 1-3 most SoFi Invest trading accounts are ready for live trades. Our SoFi Invest account was validated in 1 day, but live SoFi Invest trading account verification times will vary depending on the time it takes to process your KYC documents and SoFi Invest trading account application. A SoFi Invest demo account can be opened in a few minutes.

SoFi Invest trading accounts are available in over 194 countries. SoFi Invest is restricted in the following countries.

Apart from the restricted countries a SoFi Invest trading account can be opened globally.

The SoFi Invest trading platform is available for residents in US. Some financial instruments SoFi Invest offer may be restricted in your country.

  • Fast SoFi Invest account opening.
  • SoFi Invest accounts can be opened and KYC can be verified digitally.
  • SoFi Invest minimum deposit is 5000 USD / GBP / EURO.
  • SoFi Invest trading account verification may be held up for longer than a day if there is an issue with verifying your account.

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SoFi Invest Deposit And Withdrawal

SoFi Invest Account Base Currencies

A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.

GBP, USD, EURO are supported by SoFi Invest as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.

SoFi Invest offers the following account GBP, USD, EURO.

When trading make sure your SoFi Invest trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. SoFi Invest has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.

NameSoFi InvestIC MarketsRoboforex
Number Of CurrenciesYes104
Base CurrenciesUSD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZDUSD, EUR, CNY, XAU
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SoFi Invest review
SoFi Invest Deposit Fees and Deposit Methods

Investors can log in to their SoFi Invest trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their SoFi Invest trading accounts from an existing bank account or send the funds through a wire transfer or online check.

SoFi Invest Deposit Fees

Making a deposit on your SoFi Invest account is free.

SoFi Invest Deposit Methods

There are several methods through which you can deposit money into your SoFi Invest account. One can use a credit or debit card and SoFi Invest accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your SoFi Invest account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your SoFi Invest account.

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SoFi Invest Withdrawal Fees and Withdrawal Methods

You can withdraw cash from your SoFi Invest brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open SoFi Invest positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your SoFi Invest account.

SoFi Invest Fees When Withdrawing Your Account Balance

SoFi Invest do not charge withdrawal fees. Some withdrawal fees are out of the control of SoFi Invest and may be due to 3rd party payment providers and your account base currency.

SoFi Invest Withdrawal Methods

Log into your SoFi Invest trading account, which is connected to your bank account. Go to the section that says โ€œfundsโ€ or โ€œaccountsโ€ and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your SoFi Invest account to your bank account. To withdraw money from your SoFi Invest account you can use credit or debit cards. SoFi Invest processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as SoFi Invest processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.

SoFi Invest review
SoFi Invest Trading Platforms

As there are a number of tradable financial instruments available on the SoFi Invest trading platform. Before investing in the SoFi Invest platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The SoFi Invest platform has a demo account and educational tool, but it may not be designed for new traders so focuses less on those educational features. SoFi Invest offer livechat, phone, and email support.

If you struggle with technology, you need to consider the level of support on SoFi Invest is available. Another thing to consider is your financial goals. Make sure that a SoFi Invest account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.

There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a SoFi Invest account. Ensure that SoFi Invest allows you to focus on the type of trading that you want to focus on.

Make sure SoFi Invest is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using SoFi Invest, think about how easy it is to use for your personal needs. Does the SoFi Invest platform offer real-time updates or delayed updates that are more informed? Remember to check if SoFi Invest is well regulated, and what tradeable financial instruments SoFi Invest has. Security is very important when it comes to trading with SoFi Invest.

SoFi Invest Web Trading Platform

A SoFi Invest web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through SoFi Invest which acts as a financial intermediary. SoFi Invest is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.

Mobile Trading Platform

Both Android and iOS devices are supported by the SoFi Invest mobile trading platform.

SoFi Invest Apple IOS Trading Platform

A SoFi Invest iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.

SoFi Invest Google Play Android Trading Platform

A SoFi Invest Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.

SoFi Invest review
SoFi Invest Mobile Trading User Experience

SoFi Invest mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. SoFi Invest mobile trading refers to trading using a mobile phone.

Leading brokerages like SoFi Invest offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire SoFi Invest portfolio. All an investor needs is a Web-enabled smartphone and a trading account with SoFi Invest. Once you have download the SoFi Invest trading app, you are ready to begin.

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SoFi Invest Desktop Computer Trading Platform

A SoFi Invest computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The SoFi Invest desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The SoFi Invest desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.

SoFi Invest PC Trading Platform

One needs a computer with high performing hardware if their plan is to be a full time trader using SoFi Invest. A trading computer with access to a SoFi Invest PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.

SoFi Invest Apple Mac Trading Platform

Apple Macs and MacBooks can easily handle the most important requirements when using the SoFi Invest trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the SoFi Invest trading platform is very user friendly and easy to use on a Mac device.

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SoFi Invest Trading Look And Feel

The SoFi Invest user interface (UI) is what SoFi Invest traders will see and interact with first when trading with the SoFi Invest trading platform. The SoFi Invest is well designed. The goal of the SoFi Invest trading UI is to make the SoFi Invest user's experience easy and intuitive. The SoFi Invest application has good user experience and a good level of customer satisfaction.

SoFi Invest Security

SoFi Invest is a secure trading platform. SoFi Invest offers traders security via 2 factor authentication, SSL encription when trading with SoFi Invest. SoFi Invest trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with SoFi Invest. Rate limitation on SoFi Invest suspicious account activities is another layer of protection that is provided for SoFi Invest trading accounts, for example multiple failed login attempts with SoFi Invest. You have the option to further safeguard your account by using SoFi Invest Two-Factor Authentication (2FA), which provides an extra layer of security.

The SoFi Invest trading infrastructure is constantly watched and guarded by a trained team at SoFi Invest In addition, SoFi Invest never send sensitive information without first encrypting on the SoFi Invest trading platform using transport layer security (TLS) and SSL.

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Placing A Buy Or Sell Order On SoFi Invest

Available SoFi Invest order types. # market, limit, stop, stop limit, Good until end of day / canceled.

SoFi Invest Market Order

A SoFi Invest market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. SoFi Invest market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. SoFi Invest market orders are popular as they are a fast and reliable method of either entering or exiting a trade.

SoFi Invest Limit Order

A SoFi Invest limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.

SoFi Invest Stop Order

A SoFi Invest stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.

SoFi Invest Stop Limit Order

A SoFi Invest stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The SoFi Invest stop-limit order triggers a limit order when a stock price hits the stop level. A SoFi Invest stop-limit order can be helpful when trading if you are unable to watch your trades all day.

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SoFi Invest Alerts And Notifications

Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.

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SoFi Invest Trading Platform Features

Online trading platforms like SoFi Invest are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with SoFi Invest. The SoFi Invest trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using SoFi Invest.

SoFi Invest Margin Trading

SoFi Invest margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, SoFi Invest margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.

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SoFi Invest Account Types

SoFi Invest Demo Account

SoFi Invest offers demo accounts that gives traders the ability to purchase and sell SoFi Invest financial instruments in a practice environment, using fake SoFi Invest digital money and live market conditions and data. When you practise on a SoFi Invest demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the SoFi Invest platform. SoFi Invest demo accounts allow you to experience and practice a variety of market charts, SoFi Invest trading indicators, and trading strategies using SoFi Invest.

SoFi Invest Standard Account

SoFi Invest offers a standard trading account, allowing SoFi Invest traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich SoFi Invest trading platform.

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SoFi Invest Tradable Financial Instruments

SoFi Invest tradable financial instruments are the financial instruments that are specifically available to trade on the SoFi Invest trading platform. This refers to the different types of financial markets you can trade with through SoFi Invest. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on SoFi Invest.

NameSoFi InvestIC MarketsRoboforex
CFD TradingNoYesYes
Stock Markets1000210053
ETFsNo
Fractional SharesNoYes
CryptocurrenciesNoYesNo
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Losses can exceed deposits

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SoFi Invest Trading Stocks

Stock trading with SoFi Invest is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with SoFi Invest; if you possess the stock on SoFi Invest, you own a piece of the corporation and may be entitled to voting rights where applicable.

Stock trading on SoFi Invest involves purchasing and selling stocks and share using SoFi Invest periodically in order to time trades against the stock markets, with the aim of using SoFi Invest to profit from your stock trading. SoFi Invest stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on SoFi Invest. Stock traders on SoFi Invest conduct significant study, frequently dedicating several hours every day to market monitoring using SoFi Invest trading tools.

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SoFi Invest Trading ETFs

What Are ETFs

SoFi Invest does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.

What Are Fractional Shares

SoFi Invest does not offer fractional share trading.

Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.

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SoFi Invest Trading Cryptocurrencies

SoFi Invest does not offer cryptocurrency trading.

Cryptocurrency trading is not offered by SoFi Invest, so you will need to find a SoFi Invest alternative that allows you to buy and sell the underlying cryptocurrency assets. SoFi Invest CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a SoFi Invest alternative and make sure you undertand the risks fully before trading.

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SoFi Invest Forex Trading

Forex trading with SoFi Invest is a method through which to invest money which involves trading one currency for another in a Forex currency pair with SoFi Invest. The main aim of SoFi Invest Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with SoFi Invest. As a SoFi Invest Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like SoFi Invest. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like SoFi Invest. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on SoFi Invest.

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SoFi Invest Commodities Trading

Commodity trading is a type of trading available on SoFi Invest where individuals or businesses buy and sell financial instruments using SoFi Invest related to commodities, such as metals or oil.

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SoFi Invest Options Trading

SoFi Invest options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. SoFi Invest option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.

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SoFi Invest Futures Trading

Futures trading with SoFi Invest is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using SoFi Invest to facilitate the trade. A SoFi Invest futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on SoFi Invest. Typically, futures contracts are traded on an exchange such as SoFi Invest; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling SoFi Invest trader to the contract agrees to provide it.

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SoFi Invest Bonds Trading

Bonds trading on SoFi Invest is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the SoFi Invest trader. Bonds can be bought and sold on SoFi Invest after they are issued. While some bonds are traded publicly through SoFi Invest, most trade over-the-counter between large broker-dealers like SoFi Invest acting on their clients' or their own behalf. Yield is therefore based on the SoFi Invest purchase price of the bond as well as the coupon.

SoFi Invest CFD Trading

A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.

NameSoFi InvestIC MarketsRoboforex
Forex CFDNoYesYes
Index CFD2530
Stock CFD1108400
ETF CFD3050
Commodity CFD2020
Crypto CFDNoYesNo
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SoFi Invest Trading Research Tools

Taking advantage of SoFi Invest trading research tools which are designed to help traders analyse potential investments using the SoFi Invest trading platform. Some SoFi Invest research tools include charts, technical analysis, and SoFi Invest trading indicators.

SoFi Invest Trading News

Traders can follow the markets and make wise investment decisions on SoFi Invest by using the news to help form a strategy when it comes to choosing investments. A SoFi Invest news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.

SoFi Invest Economic Calendar

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A SoFi Invest economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.

SoFi Invest Fundamental Data On Financial Instruments & Companies

Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. SoFi Invest fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.

SoFi Invest Charting

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on SoFi Invest are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.

SoFi Invest portfolios

Trading portfolios are useful when trading with SoFi Invest.

A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.

A SoFi Invest trading portfolio is a traders collection of investments, which may include a variety of SoFi Invest financial instruments.

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SoFi Invest Payment Methods

A SoFi Invest payment method is required to fund your SoFi Invest trading account before placing a buy or sell order on a financial instrument.

When trading with SoFi Invest, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that SoFi Invest do not have any control over.

NameSoFi InvestIC MarketsRoboforex
Payment MethodsBPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex MoneyADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex Money
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Losses can exceed deposits
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Losses can exceed deposits

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SoFi Invest Withdrawl Methods

When trading with SoFi Invest at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your SoFi Invest account balance. SoFi Invest may have minimum withdrawal limits that you will need to check before withdrawing.

You may be charged a currency conversion fee by your withdrawal method if you withdraw your SoFi Invest account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.

SoFi Invest Withdrawals Times

The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your SoFi Invest account.

Withdrawal requests can take up to three business days to be processed by SoFi Invest.

You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.

If you're having a withdrawal transferred to your digital wallet account, your SoFi Invest should arrive in less than 24 hours.

SoFi Invest review
SoFi Invest Customer Support

Customer support represents the resources within the SoFi Invest company that provides technical assistance to its customers after they use the SoFi Invest service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.

SoFi Invest offer email, livechat, phone, customer support.

SoFi Invest Email Support

SoFi Invest offers email support.

Email support is a a convenient method of SoFi Invest customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from SoFi Invest regarding your support request.

SoFi Invest Livechat Support

SoFi Invest offers livechat support.

SoFi Invest live chat support is a way for customers to obtain help from SoFi Invest through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.

SoFi Invest Telephone Support

SoFi Invest offers telephone support.

SoFi Invest telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the SoFi Invest call centre to give or take information.

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SoFi Invest Educational Resources

SoFi Invest educational resources are used throughout the SoFi Invest learning environment to help and assist with customer's development and learning of trading on SoFi Invest. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using SoFi Invest trading tools. Educational resources are brilliant for educators to help deliver the best quality lessons.

SoFi Invest Trading Platform Tutorials

SoFi Invest offer a range of learning resources and tutorials and guides made available to registered SoFi Invest users. The SoFi Invest guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate SoFi Invest users on basic trading principles.

SoFi Invest Trading Videos

SoFi Invest offer a selection of online trading videos.

Trading videos on SoFi Invest help new and even more experienced investors gain insights into SoFi Invest technical analysis tools and how the different financial markets work when trading on SoFi Invest.

SoFi Invest trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some SoFi Invest training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using SoFi Invest to trade live financial markets.

SoFi Invest Webinars

SoFi Invest offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of SoFi Invest clients who participate by asking questions, replying to polls, and using other interactive technologies available on the SoFi Invest trading platform.

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SoFi Invest Financial Regulation When Trading

Financial regulations on SoFi Invest protect consumers' investments. Regulations prevent financial fraud and limit the risks that SoFi Invest as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. SoFi Invest financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.

Is SoFi Invest Regulated?

SoFi Invest is regulated by Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC).

SoFi Invest is licensed by financial regulators in certain jurisdictions. You can find out if brokers like SoFi Invest are licensed in your country, if they have had run-ins with regulators, or received serious complaints from SoFi Invest investors, directly with financial regulators in your country.

SoFi Invest Regulatory Protection Limits

When registering with SoFi Invest you must check with regulatory body your SoFi Invest trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your SoFi Invest account is over seen by. SoFi Invest client funds are stored in segregated 3rd party bank account in accordance with SoFi Invest financial regulators.

Client country Investor protection amount Regulator
United Kingdom ยฃ85,000 Financial Conduct Authority (FCA)
EU Investor Compensation Scheme max โ‚ฌ50,000 Directive of The European Parliament and European Commission
Other countries 90% of your funds, max โ‚ฌ20,000 Bulgarian Financial Supervision Commission (FSC)

SoFi Invest Trading Signals

SoFi Invest does not offer trading signals in any form.

Make sure you understand the risks of trading signals.

How does SoFi Invest make money?

Because SoFi Invest acts as an intermediary, SoFi Invest gets compensated on buy and sell transactions of financial instruments. As a result, SoFi Invest profit is determined by the volume and number of transactions. SoFi Invest earns revenue to fund their SoFi Invest platforms and wide range of trading services through market spreads.

Can you buy shares on SoFi Invest?

SoFi Invest does not provide customers with real company shares trading.

Does SoFi Invest offer Cryptocurrency?

SoFi Invest does not offer cryptocurrency trading. The offering of crypto CFDs was stopped by most trading platforms on November 27, 2020, as a result of the Financial Conduct Authority of the UKs restrictions on cryptocurrency. While buying and selling Bitcoin and other cryptocurrencies is still lawful, the UK financial regulator, the Financial Conduct Authority (FCA), has made trading cryptocurrencies illegal for UK residents. This is because the FCA considers crypto CFD trading to be a high-risk activity. You'll need to see if trading crypto CFDs are allowed in your country.

SoFi Invest Lower fees, lower costs?

SoFi Invest have reasonable trading fees and costs. SoFi Invest do not charge a deposit fee. SoFi Invest may charge a withdrawal fee. Some withdrawal fees are out of the control of SoFi Invest and may be due to 3rd party payment providers and your account base currency.

What about the minimum deposit?

SoFi Invest minimum deposit is 5000 USD / GBP / EUR.

How to start your SoFi Invest account?

You can sign up for a live or demo SoFi Invest trading account by visiting SoFi Invest and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an SoFi Invest account here.

How's the SoFi Invest trading app?

SoFi Invest allow traders to trade financial markets on SoFi Invest does not currently offer trading through any mobile applications on iOS or Android. supported mobile devices.

You can tryout the SoFi Invest trading app here.

Is the quality of SoFi Invest customer service satisfactory?

SoFi Invest have average customer support offering support through email, livechat, phone, support options.

Is this broker good for new traders?

SoFi Invest is a good trading platform for new traders as SoFi Invest offer a good range of educational resources, good support options as well as a demo account.

How do you withdraw money from SoFi Invest?

SoFi Invest offer a good selection of withdrawal options. Once SoFi Invest have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.

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Ashly Chole - Senior Finance & Technology Editor

SoFi Invest Review 2022 (Expert Review) guide updated 23/09/22