SoFi Active Investing full review
The SoFi Active Investing is an account where you invest on your own, with no account minimum or commission fees. A great option for beginners! So, check out the full review!
Check out how to become an investor with SoFi Active Investing
If you managed to have finally saved some money, you might probably have thought about investing already. But, this decision must be carefully taken because investing in stock and ETFs might be high risk.
So, the advice we give you is to find an investment account that provides you with information, no commission fees, and no account minimum.
Then, check out how to become an investor with SoFi Active Investing’s full review.
|Promotion||From $5 to $1,000 in free stock for who signs up via SoFi mobile app|
|Investment choices||Stocks, ETFs, fractional shares and Cryptocurrency|
Learn how SoFi Active Investing can help you invest
SoFi is an online personal finance company that offers many products, including an investment account for beginners.
With no trading fees and no account minimum, you can start investing in stocks, ETFs, fractional shares, and cryptocurrency.
For example, you can buy a fractional share (a piece of a company, not the whole share) for as little as $5.
Also, you can be supported with all the information you need through SoFi mobile app.
Finally, as a SoFi member, you enjoy discounts and lower interest rates on their other products.
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SoFi Active Investing pros, cons and more
This investment account not only promotes you to be an investor on your own but helps you with this process. That is, with an All-in-one mobile app you can access for free financial advisors and information.
Plus, it doesn’t charge you with any commission fees, as well as it doesn’t require an account minimum. That is great for beginners.
One of the best features of it is the mobile app. SoFi allows you to learn how to invest by doing it yourself. But, it helps you through the process. So, as a member, you will be connected to other members and advisors at exclusive events.
Finally, you can invest in stocks, ETFs, fractional shares, and cryptocurrency.
However, if you are looking for other options to invest, as well as other account types, you should search for other brokers.
Also, SoFi has a limited track record if compared to other active investing companies.
- No trading fees
- Free access to information and advisors
- All-in-one app
- No account minimum
- Allows you to invest in stocks, ETFs, fractional shares and Cryptocurrency
- Limited investment options
- Limited track record
So, see if you should join SoFi Active Investing
Considering the $0 fees and no account minimum, you should join SoFi. But note that it lacks investments products as well as compounded track record. So, if you are a beginner, this might be the right choice for you. If not, maybe you should look for other brokers.
Check who can open a SoFi Active account
Everyone can open and joy the SoFi Active Investing community, with no minimum account required.
Learn how to open a SoFi Active account
If you are thinking about investing and got interested in SoFi products, check out our post below and learn how to open an account!
About the author / Aline Augusto
Reviewed by / Aline Barbosa
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