SoFi Active Investing Review: Simple App, Low Fees, and IPOs

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SoFi Active Investing offers a clean, modern interface with a surprisingly broad range of investment options. It isn’t intended to be the best place for experienced investors who are analyzing stocks. If you want more sophisticated trading tools and professional investment research, SoFi is not the right platform for you.

But if you want a simple, easy-to-use platform, SoFi Active Investing gives you access to thousands of mutual funds, ETFs, options, stocks, and even IPOs and alternative investment funds that historically have been available only to high-net-worth investors. SoFi Active Investing can be a great place to start (or expand) your journey as an investor.

Another advantage of the SoFi Active Investing interface is that it’s easy to get access to other financial products from SoFi. SoFi can be an all-in-one platform to help you manage all your money in one place — from investments to banking and more. SoFi also offers one of our top-rated robo-advisors, SoFi Automated Investing.

App

Investors can buy and sell stocks, ETFs, and other investment types through the SoFi Active Investing desktop platform. They can also use the highly rated SoFi Banking and Investing mobile app, which also serves as the home base for all of SoFi’s financial products.

Here are a few ways you can use the SoFi app to invest:

Invest in ETFs, stocks, and more
Buy fractional shares for as little as $5
Trade options with no commissions
Invest in IPOs
Manage your retirement accounts (traditional IRA, Roth IRA, or SEP IRA)

The SoFi app is known for its ease of use and gets excellent ratings for iOS, and slightly lower but still pretty good ratings for Android. The SoFi mobile app is currently rated at 4.8 stars out of 5 in the App Store, and 3.9 stars out of 5 in Google Play. (Most of the financial companies we review tend to get lower ratings for their Android apps than for iOS.)

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