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Sofi Active Investing vs Firstrade : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Sofi Active Investing
Firstrade
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
Market maker
STP broker
Years of Existence / Established Year
2019
1985
Customer Base / Number of Accounts
6.2+ Million
1Million
Regulation & Security
Regulations (governing bodies)
SEC, FINRA
FINRA, SEC
Awards Won (count for the last 2 years)
No major awards listed
Best Online Brokers, Best for Options Traders award.
Security Measures
SIPC
SIPC
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
No
Yes
Negative Balance Protection
No
No
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
IPO, IRA, Shares
2200+ ETFs including CDs, Treasury bills, Notets and bonds, Primary market CDs, Zeros and strips and more
Currency Pairs
No
No
Commodities
No
No
Indices
No
Yes- Through ETFs
Cryptocurrencies
Yes
Yes- Through ETFs
CFDs
No
No
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
Yes
Futures
No
No
Bonds
No
Yes
Mutual Funds
Yes
Yes
Fractional Shares
Exchange Traded Notes (ETNs)
No
Yes
Precious Metals
No
No
Real Estate Investment Trusts (REITs)
No
Yes
Equities
No
No
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
No
MT5
No
Yes
cTrader
No
No
Social Trading
No
Copy Trading
No
No
Other Trading Platforms (proprietary, etc.)
Mobile and Web app
Firstrade platform
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Individual brokerage, IRA (Traditional, Roth, SEP)
Brokerage account- Individual, Joint, Custodial, Retirement- Retirement (Traditional IRA, Roth IRA, SEP IRA), Corporate, Trust, International, Education Planning, Business Planning
Demo Account (Yes/No)
No
No
Islamic Accounts (Yes/No)
No
No
Minimum Deposit
$0
$0
Leverage Available
No
No
Trade Limit (maximum per trade)
Account Equity < $25,000: No Day Trades
Depends on asset class
Commission (per account type)
$0
$0
Best Suited For (e.g., beginners, experienced traders)
Passive investors
Both beginners and experienced traders
Deposit & Withdrawal Options
Deposit Methods
Bank transfers (ACH), direct deposit from linked bank accounts
Wire Fund Transfer, Check deposit, Asset transfer, ACH electronic transfer
Withdrawal Methods
ACH transfer back to linked bank accounts
Wire Fund Transfer, Check Deposit, Asset transfer, ACH electronic transfer, Withdrawal of sales proceed
Other E-Wallets Supported
No
No
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)
Education Center, Investment Education Videos, Option Guide, Margin Guide, Webinars, Tax center, Blogs, Upcoming IPOs
Fees & Commissions
Trading-Related Fees
Stocks, ETFs-$0,Commission -$0
Commission for stocks, ETFs, Options, Mutual funds- $0, Fixed income- Treasury Bills, Notes & Bonds, Municipal Bonds, Agency Bonds, Secondary Market CDs, Zeros & Strips- Net yield basis, Primary Market CDs- $30, Broker-Assisted Stock & Options Trades- $19.95 (+$0.50/Contract)
Spread (typical, fixed, variable)
NA
Typical
Per Lot Fees
NA
NA
Options Contract Fees
$0- $5
$0
Futures Contract Fees
NA
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
No
No
Non-Trading Fees
Dormant Fees
$25
$0
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%
0.20-0.30%
Swap Fees (Overnight Financing)
NA
NA
Statement or Document Fee
$5 paper statement fee
$2-$5
Account Opening Fee
NA
$0
Account Maintenance Fee
NA
$0
Deposit Fee
NA
$0
Currency Conversion Fee
NA
3%
Withdrawal Fee
Outgoing ACAT transfers $100
$25-$75
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
Depends on the instrument offer
Pre-Market: 8:00 AM to 9:30 AM ET Regular Market: 9:30 AM to 4:00 PM ET After-Hours: 4:05 PM to 8:00 PM ET
Customer Support
Support Hours (e.g., 24/7, weekdays only)
Monday - Friday 5am-5pm PT
Monday - Friday,10am - 4pm ET
Customer Support Methods (phone, email, live chat)
Live chat, Phone: 855-456-7634, Virtual assistant
Phone: U.S. Toll Free: 1-800-869-8800, Outside the US: 1-718-961-6600, E-mail, FAQ, Fax: 1-718-961-3919
Support Languages
1
3
Additional Information
Headquarters Location
San Francisco, California.
30-50 Whitestone Expwy. Ste. A301 Flushing, NY 11354
Complaints (for crypto brokers)
No
No
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