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Sofi Active Investing vs Interactive Brokers
Broker Name
Sofi Active Investing
Interactive Brokers
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
Market maker
Market maker
Years of Existence / Established Year
2019
1993
Customer Base / Number of Accounts
6.2+ Million
3.12M
Regulation & Security
Regulations (governing bodies)
SEC, FINRA
SEC, FINRA, NYSE, FCA, FINMA, CFTC, MAS, SFC, CBI, IIROC, JFSA, MiFiD
Awards Won (count for the last 2 years)
No major awards listed
Best Online Broker for Advanced Traders in 2024, Professional Trading 2024, #1 Best Online Broker in 2023, Best for Advanced Traders, Best Online Broker in 2024, Best Stock Broker for International Trading
Security Measures
SIPC
SIPC
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
150 Markets including Forecast and event contracts, Spot currencies,US spot Gold, Hedge funds
Currency Pairs
No
Yes
Commodities
No
No
Indices
No
No
Cryptocurrencies
Yes
Yes
CFDs
No
No
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
Yes
Futures
No
Yes
Bonds
No
Yes
Mutual Funds
Yes
Yes
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
No
MT5
No
No
cTrader
No
No
Social Trading
No
Copy Trading
No
Yes
Other Trading Platforms (proprietary, etc.)
Mobile and Web app
IBKR global Trader, Client Portal, Desktop, Mobile, Trader workstation, APIs, Forecast Trader, IMPACT
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Individual brokerage, IRA (Traditional, Roth, SEP)
Individual, Joint, Trust, IRA and UGMA/UTMA Accounts, Non-Professional Advisor Accounts, Family Office Accounts, Small Business Accounts, Advisor Accounts, Money Manager Accounts, Broker & FCM Accounts, Proprietary Trading Group Accounts, Hedge Fund & Mutual Fund Accounts, Compliance Officers, Administrators, Institutional Hedge Fund Investors
Demo Account (Yes/No)
No
Yes
Islamic Accounts (Yes/No)
No
Yes
Minimum Deposit
$0
$0
Leverage Available
No
10:1 to 50:1
Trade Limit (maximum per trade)
Account Equity < $25,000: No Day Trades
EUR 5,000,000
Commission (per account type)
$0
$0
Best Suited For (e.g., beginners, experienced traders)
Passive investors
Beginner to advanced traders
Deposit & Withdrawal Options
Deposit Methods
Bank transfers (ACH), direct deposit from linked bank accounts
ACH transfer, Link a new bank account, Bank wire, Transfer from wise balance, Scan a check , Mail a check, SEPA
Withdrawal Methods
ACH transfer back to linked bank accounts
ACH, Check, Direct debit, Transfer to wise balance, Canadian ETF transfer, SEPA
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)
Traders' Academy (Online Courses), IBKR Webinars, Market Insights and Analysis, Trader's University (Video Tutorials), IBKR Quant Blog (Quantitative Trading), Customer Education (Trading Guides)
Fees & Commissions
Trading-Related Fees
Stocks, ETFs-$0,Commission -$0
IBKR Lite: Commission-free U.S. stocks, ETFs, and specific mutual funds, IBKR Pro: $0.005 per share, minimum $1 per trade
Spread (typical, fixed, variable)
NA
Fixed spread
Per Lot Fees
NA
NA
Options Contract Fees
$0- $5
$0.65/contract
Futures Contract Fees
NA
$0.85
Markup Fees on Spread
NA
$1.50
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
No
50:1
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%
It depends up on the account type
Swap Fees (Overnight Financing)
NA
over $10 million free
Statement or Document Fee
$5 paper statement fee
NA
Account Opening Fee
NA
$0
Account Maintenance Fee
NA
$0
Deposit Fee
NA
$0
Currency Conversion Fee
NA
$0.03
Withdrawal Fee
Outgoing ACAT transfers $100
$10 outgoing wire transfer fee
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
9:30 AM - 4:00 PM ET, Monday through Friday Overnight trading hours: 8:00 PM ET - 3:50 AM ET, Sunday through Friday
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: 1 (888) 919-0022, E-mail: [email protected], Live chat
Support Languages
1
33
Additional Information
Headquarters Location
San Francisco, California.
Greenwich, Connecticut
Complaints (for crypto brokers)
No
No
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