SoFi Invest review

SoFi Invest suits people who already use SoFi for banking or loans and want investing in the same app. SoFi Active Investing lets you trade stocks and ETFs with no commissions and take part in some IPOs before they trade on the public market, which is unusual for a beginner app. Fractional shares let you buy a piece of a company from $5, and a robo option builds and manages a diversified portfolio from your risk tolerance and goals. Traditional, Roth and SEP IRAs are available, and members can book an introductory 30-minute session with a SoFi financial planner. New accounts can get up to $1,000 in stock when they fund an Active Invest account with at least $50 within 45 days, but SoFi states the probability of receiving $1,000 is 0.028%, so expect a small amount. The $5 fractional minimum is higher than the $1 at Fidelity, Schwab or Robinhood, and SoFi's fee details are less complete on its main pages.

Who it is for

SoFi members who want investing inside the same app as their bank account.

Price

No commissions on stock and ETF trades; fractional shares from $5.

Trade stocks and ETFs with no commissions or participate in upcoming IPOs before they trade on the public market.
Quoted from the vendor pricing page on November 8, 2026.

Key features

• Stocks and ETFs with no commissions
• Access to some IPOs before they trade publicly
• Fractional shares from $5
• Robo investing with an automatically managed portfolio
• Traditional, Roth and SEP IRAs

Strengths and weaknesses

• Strength: Investing, banking and loans in one app
• Strength: IPO access is unusual for a beginner app
• Strength: An introductory 30-minute session with a SoFi financial planner
• Weakness: Fractional shares start at $5, higher than most rivals
• Weakness: The stock bonus offer has long odds of the top prize
• Weakness: Fewer published fee details than traditional brokers

Key facts

• Stock and ETF commission: $0
• Fractional shares: From $5
• IPO access: Yes
• Retirement accounts: Traditional, Roth and SEP IRAs
• Sign-up offer: Up to $1,000 in stock with $50 funded within 45 days

Where it ranks

SoFi Invest is No. 10 in our Best Investing Apps verdict.