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

Broker Name

Sofi Active Investing

Qtrade

Broker Overview

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

Market maker

ECN broker

Years of Existence / Established Year

2019

2000

Customer Base / Number of Accounts

6.2+ Million

1Million

Regulation & Security

Regulations (governing bodies)

SEC, FINRA

IIROC, CIRO

Awards Won (count for the last 2 years)

No major awards listed

Security Measures

SIPC

CIPF

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

IPO, IRA, Shares

100+ commission-free ETFs, GIC, Exchange-traded debentures, Fixed income

Currency Pairs

Commodities

Indices

Cryptocurrencies

Yes

CFDs

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Bonds

Yes

Mutual Funds

Yes

Fractional Shares

Yes

Exchange Traded Notes (ETNs)

Precious Metals

Real Estate Investment Trusts (REITs)

Equities

Yes

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

MT5

cTrader

Social Trading

Copy Trading

Other Trading Platforms (proprietary, etc.)

Mobile and Web app

Qtrade trading platform

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

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

Individual brokerage, IRA (Traditional, Roth, SEP)

Cash- Individual, Society, Joint, Religious organization, Trust, Investment club, Estates Company, Registered accounts- FHSA, TFSA, RRSP, LIRA/ LRSP, RESP, RIF, LIF

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Minimum Deposit

Leverage Available

Trade Limit (maximum per trade)

Account Equity < $25,000: No Day Trades

$500,000

Commission (per account type)

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

Passive investors

Long term investor and self-directed investment options

Deposit & Withdrawal Options

Deposit Methods

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

Electronic fund transfer,bank transfer, e-transfer services, Bill payment

Withdrawal Methods

ACH transfer back to linked bank accounts

Bank transfer

Other E-Wallets Supported

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)

Education- New to investing, Experienced with investing, Weekly Market Pulse

Fees & Commissions

Trading-Related Fees

Stocks, ETFs-$0,Commission -$0

Equities- $6.95- $8.75, Options- $8.75 + $1.25 per contract/ $6.95 + $1.25 per contract, ETFs- $0, Mutual fund- $8.75/ $6.95, ETFs - Others- $8.75/ $6.95, Fixed income and Exchange-traded debentures- $1 per $1,000 face value/ $1 per $1,000 face value, DAP accounts - $10 per trade, $7.75 - commissions for stock, mutual fund and ETF trades

Spread (typical, fixed, variable)

Per Lot Fees

Options Contract Fees

$0- $5

$8.75 + $1.25 per contract/ $6.95 + $1.25 per contract

Futures Contract Fees

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

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%

Swap Fees (Overnight Financing)

$45 / security

Statement or Document Fee

$5 paper statement fee

$2.50 / trade Paper account statements $6 / quarter

Account Opening Fee

$100 setup + $50 / year after first year

Account Maintenance Fee

$25/ quarter

Deposit Fee

Currency Conversion Fee

$100 / transaction

Withdrawal Fee

Outgoing ACAT transfers $100

Account transfer out $150

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

Pre-market trading: Available online and by phone from 8:30-9:29 AM ET, After-hours trading: Available online and by phone from 4-5 PM ET

Customer Support

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

Monday - Friday 5am-5pm PT

Monday to Friday 8:30 am to 8:00 pm ET

Customer Support Methods (phone, email, live chat)

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

E-mail: [email protected], 1.877. 787.2330

Support Languages

Additional Information

Headquarters Location

San Francisco, California.

Canada

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 is known for competitive pricing on basic trades, especially for beginners. However, Qtrade fee structure, though slightly higher, covers a broader range of services, making it more suitable for active traders.

If speed and simplicity matter to you, Sofi Active Investing delivers a streamlined account setup. In contrast, Qtrade includes more documentation and KYC checks, which can delay access but ensures strong compliance.

Sofi Active Investing provides a modern trading experience with its proprietary platform, ideal for technical traders. Qtrade, on the other hand, offers more research tools and is better suited for data-driven investors.

Advanced users will enjoy Sofi Active Investing capabilities, but Qtrade remains a favorite for its streamlined and beginner-centric approach.

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