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Sofi Active Investing vs City Index : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Sofi Active Investing
City Index
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
Market maker
Market maker
Years of Existence / Established Year
2019
1983
Customer Base / Number of Accounts
6.2+ Million
1M + active customers
Regulation & Security
Regulations (governing bodies)
SEC, FINRA
CIRO, CySEC, NFA, CFTC, CIMA, FCA, SFC, FSA, MAS, ASIC
Awards Won (count for the last 2 years)
No major awards listed
Best trading app, Best CFD provider, Forex broker.com No.1- Performance Analytics new tool, Best in Class overall
Security Measures
SIPC
FSCS
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
No
Yes
Negative Balance Protection
No
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
IPO, IRA, Shares
13,500+ assets types including Shares
Currency Pairs
No
Yes
Commodities
No
Yes
Indices
No
Yes
Cryptocurrencies
Yes
No
CFDs
No
Yes
ETFs
Yes
Yes
Stocks
Yes
No
Options
Yes
Yes
Futures
No
No
Bonds
No
Yes
Mutual Funds
Yes
No
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
No
No
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
Yes
MT5
No
No
cTrader
No
No
Social Trading
Yes
Copy Trading
No
Yes
Other Trading Platforms (proprietary, etc.)
Mobile and Web app
City Index mobile trading app
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Individual brokerage, IRA (Traditional, Roth, SEP)
Standard, MT4, Corporate account
Demo Account (Yes/No)
No
Yes
Islamic Accounts (Yes/No)
No
No
Minimum Deposit
$0
€100
Leverage Available
No
30:1
Trade Limit (maximum per trade)
Account Equity < $25,000: No Day Trades
Depends on the assets class
Commission (per account type)
$0
€0
Best Suited For (e.g., beginners, experienced traders)
Passive investors
Beginner to experienced
Deposit & Withdrawal Options
Deposit Methods
Bank transfers (ACH), direct deposit from linked bank accounts
Bank transfer, credit card, debit card, e-wallets
Withdrawal Methods
ACH transfer back to linked bank accounts
Bank transfer, credit card, debit card, e-wallets
Other E-Wallets Supported
No
Paypal
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Learn (Investing Education), Market Insights and Analysis, Webinars, Investing Guides, Financial Planning Tools, Sofi Insights (Market News)
Reuters Insider, News and analysis, Trading tools, Advanced trading view Charts
Fees & Commissions
Trading-Related Fees
Stocks, ETFs-$0,Commission -$0
UK Shares: 0.10% (min. €8 commission)US Shares: 1.5 cents per share (min. €8 commission)
Spread (typical, fixed, variable)
NA
Fixed and variable spreads
Per Lot Fees
NA
NA
Options Contract Fees
$0- $5
NA
Futures Contract Fees
NA
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
$0
Maximum Leverage
No
30:1
Non-Trading Fees
Dormant Fees
$25
$15 monthly fee after 24 months of inactivity
Subscription Fees (for premium features, data feeds)
NA
NA
Advisory Fees
Depending on assets type, Professional charges- 1% , annual advisory fees as low as 0.25%
NA
Swap Fees (Overnight Financing)
NA
Yes
Statement or Document Fee
$5 paper statement fee
NA
Account Opening Fee
NA
NA
Account Maintenance Fee
NA
NA
Deposit Fee
NA
Credit/ debit card- 2%, others - €0
Currency Conversion Fee
NA
Varies by instrument
Withdrawal Fee
Outgoing ACAT transfers $100
Bank fees may apply
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
No
Trading Hours
Trading Hours (for each asset class if applicable)
Depends on the instrument offer
Varies by instrument
Customer Support
Support Hours (e.g., 24/7, weekdays only)
Monday - Friday 5am-5pm PT
24/5
Customer Support Methods (phone, email, live chat)
Live chat, Phone: 855-456-7634, Virtual assistant
Email: [email protected], Phone: 0800 060 8609, Live chat
Support Languages
1
6
Additional Information
Headquarters Location
San Francisco, California.
1st Floor, Moor House, 120 London Wall, London, EC2Y 5ET
Complaints (for crypto brokers)
No
No
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