Sofi Active Investing vs FP Markets : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Sofi Active Investing

FP Markets

Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

Market maker

ECN broker

Years of Existence / Established Year

2019

2005

Customer Base / Number of Accounts

6.2+ Million

No information

Regulation & Security

Regulations (governing bodies)

SEC, FINRA

ASIC, CySEC, FSCA, FSA, SVG

Awards Won (count for the last 2 years)

No major awards listed

Best CFD Broker - Africa, Best Trading Experience - Africa, Most Trusted Broker in 2023, Best Price Execution in 2024, Most Transparent Broker and Best Trading Conditions in 2024.

Security Measures

SIPC

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

IPO, IRA, Shares

10,000+ trading instruments

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Bonds

Yes

Mutual Funds

Yes

Fractional Shares

Yes

Exchange Traded Notes (ETNs)

Precious Metals

Yes

Real Estate Investment Trusts (REITs)

Equities

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

Yes

MT5

Yes

cTrader

Yes

Social Trading

Yes

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

Mobile and Web app

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Individual brokerage, IRA (Traditional, Roth, SEP)

Forex account - Standard and raw MT4-MT5 account, Islamic forex account - Raw account and standard MT4-MT5 account

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$100

Leverage Available

500:1

Trade Limit (maximum per trade)

Account Equity < $25,000: No Day Trades

Depends on the asset type

Commission (per account type)

Best Suited For (e.g., beginners, experienced traders)

Passive investors

Beginners to experienced traders

Deposit & Withdrawal Options

Deposit Methods

Bank transfers (ACH), direct deposit from linked bank accounts

Credit/ debit cards, Bank transfers, e-wallets, International bank transfers, Local bank transfers, Broker to broker

Withdrawal Methods

ACH transfer back to linked bank accounts

Credit/ debit cards, Bank transfers, e-wallets, International bank transfers, Local bank transfers, Broker to broker

Other E-Wallets Supported

Skrill, Neteller, Asia bank, Stic Pay, Fasa pay, Virtual Pay, Rupee pay, Rapyd, Perfect Money, Crypto payment, Dragon Pya, Rapid transfer

Tools & Educational Resources

Economic Calendar

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)

Trading courses, Live webinars, Podcasts, Trading guides, Platform tutorials, Ebooks, Trading glossary

Fees & Commissions

Trading-Related Fees

Stocks, ETFs-$0,Commission -$0

Forex- 3.50, Metals -3.50, Commodities- built into spread, Indices- Built into spread

Spread (typical, fixed, variable)

Typical

Per Lot Fees

Options Contract Fees

$0- $5

Futures Contract Fees

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

500:1

Non-Trading Fees

Dormant Fees

$25

Subscription Fees (for premium features, data feeds)

Advisory Fees

Depending on assets type, Professional charges- 1% , annual advisory fees as low as 0.25%

$70

Swap Fees (Overnight Financing)

Long- $5.79, short- $2.59

Statement or Document Fee

$5 paper statement fee

Account Opening Fee

Account Maintenance Fee

Deposit Fee

Currency Conversion Fee

Starts from 0.06 to 0.30 %

Withdrawal Fee

Outgoing ACAT transfers $100

Upto $50

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Trading Hours

Trading Hours (for each asset class if applicable)

Depends on the instrument offer

Customer Support

Support Hours (e.g., 24/7, weekdays only)

Monday - Friday 5am-5pm PT

24/7

Customer Support Methods (phone, email, live chat)

Live chat, Phone: 855-456-7634, Virtual assistant

Phone: Toll-free: +44 28 2544 7780, E-mail: [email protected], Live chat

Support Languages

12+

Additional Information

Headquarters Location

San Francisco, California.

Sydney,Australia

Complaints (for crypto brokers)

At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.

Sofi Active Investing stands out for its zero-commission trading model, appealing to cost-conscious investors. In contrast, FP Markets offers more comprehensive services with slightly higher fees, especially for advanced tools and asset classes.

While Sofi Active Investing prioritizes fast registration with minimal steps, FP Markets focuses on a thorough vetting process that gives more flexibility in choosing account types and features.

Sofi Active Investing excels in real-time trade execution with minimal latency, whereas FP Markets complements its execution with strong analytical modules and educational support within the platform.

Sofi Active Investing caters to serious traders who value advanced features, whereas FP Markets appeals to beginners due to its user-friendly platform.

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