SoFi Active Invest Review: Get Up to $1,000 in Stock When You Fund a New Account

The investing world can be complicated and overwhelming, especially if you’re new.

There are many ways to put your money to work, from stocks and ETFs to crypto. And seeing your wealth double or triple over time isn’t unheard of once you get the hang of it.

SoFi’s Active Invest account is an excellent place for investors of all levels. It has a one-stop-shop approach and is filled with valuable resources to help you build the perfect financial portfolio.

But is it the right tool for you?

Let’s go through the platform’s details to help you decide!

What Is SoFi?

SoFi, or Social Finance Inc., began as a student loan refinancing company in 2012. But fast-forward over a decade, it blossomed into a massive platform on a mission to help members reach their financial goals.

They’re offering everything from personal loans to investment services, one of which is the SoFi Active Invest option. It’s designed to make investing as accessible as possible, whether you’re a newbie dipping your toes in or a seasoned pro looking for a fresh approach.

SoFi Active Invest Account: Key Features

SoFi Active Invest has everything you need to build your investment portfolio quickly. Here’s a quick rundown of some of its main features:

Zero Commissions: You can trade stocks and ETFs without worrying about commission fees, translating into more money in your pocket.

Fractional Shares: With as little as $5, you can own a piece of a company share instead of buying the whole thing.

Custom Portfolios: Pick and choose your stocks and ETFs, or let SoFi build a portfolio for free!

Cryptocurrency Trading: Interested in dipping your toes in crypto? SoFi Active Invest has 20+ different coins for you to choose from.

Educational Tools: SoFi offers many resources, including investing news updates, how-to guides, and financial advisors, to guide your investment journey.

Is SoFi Safe To Use?

SoFi takes your safety seriously. The platform is a member of FINRA/SIPC, which means your investments are protected up to $500,000. It also uses high-grade encryption to keep your data secure.

Still, no matter where you invest, there’s always the risk of losing money. However, the platform’s resources and automated investing options are there to help you invest wisely and minimize losses whenever possible.

Many users also love the app, giving it an outstanding rating of 4.6 on Trustpilot.

How To Sign Up For A SoFi Active Invest Account

Getting started with SoFi Active Invest is a breeze. Here’s how you do it:

Sign up for an account and provide some information about yourself
Once you open an Active Invest Account, decide whether to build your portfolio or use a SoFi-created one based on your preferences.
Link your bank and transfer funds into your SoFi account.
Start investing and building your portfolio!
BONUS: SoFi will give you up to $1,000 in stock when you fund an Active Invest account with just $10!*

SoFi Active Invest: Pros And Cons

Pros

No commission fees for any transactions you make
Beginner-friendly interface that’s perfect for new investors
A one-stop platform that offers various ways to invest
Educational tools members can use as a guide
Welcome bonus for members

Cons

The platform’s features can be a bit limited for more advanced investors
Fractional shares aren’t available for every company
A limited number of cryptocurrencies compared to other platforms

The Bottom Line

SoFi Active Invest is a convenient, user-friendly option for starting your financial journey.

However, if you’re a pro looking for more advanced features or if you’re looking for more obscure crypto projects, you might find some of its offerings a bit limited.

But for most everyday investors, SoFi Active Invest has it all. It makes any type of investing as simple as possible, and you’ll have plenty of educational resources at your fingertips.

Ready to start building your portfolio? Sign up for a SoFi Active Invest today!

*The probability of a SoFi Member receiving $1,000 is a probability of 0.028%. You must fund the Active Invest Account with at least $10 within 30 days of opening the account.

SoFi Invest refers to the three investment and trading platforms operated by Social Finance, Inc. and its affiliates (described below). Individual customer accounts may be subject to the terms applicable to one or more of the platforms below.

1) Automated Investing and advisory services are provided by SoFi Wealth LLC, an SEC-registered investment adviser (“SoFi Wealth“). Brokerage services are provided to SoFi Wealth LLC by SoFi Securities LLC.

2) Active Investing and brokerage services are provided by SoFi Securities LLC, Member FINRA (www.finra.org)/SIPC (www.sipc.org) (“SoFi Securities”). Clearing and custody of all securities are provided by APEX Clearing Corporation.3) SoFi Crypto is offered by SoFi Digital Assets, LLC, a FinCEN registered Money Service Business.

For additional disclosures related to the SoFi Invest platforms described above, including state licensure of SoFi Digital Assets, LLC, please visit SoFi.com/legal.

Neither the Investment Advisor Representatives of SoFi Wealth, nor the Registered Representatives of SoFi Securities are compensated for the sale of any product or service sold through any SoFi Invest platform. Information related to lending products contained herein should not be construed as an offer or pre-qualification for any loan product offered by SoFi Bank, N.A.

There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event.