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

Broker Name

Sofi Active Investing

Sofi Active Investing

VS
Freetrade

Freetrade

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Broker Overview

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

Market maker

STP broker

Years of Existence / Established Year

2019

2016

Customer Base / Number of Accounts

6.2+ Million

1.5 M


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Regulation & Security

Regulations (governing bodies)

SEC, FINRA

FCA

Awards Won (count for the last 2 years)

No major awards listed

Best Online trading platform 2024

Security Measures

SIPC

Yes

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

No

Yes

Negative Balance Protection

No

Yes


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

IPO, IRA, Shares

6200+ U.S Treasury Bills, Investment trust

Currency Pairs

No

No

Commodities

No

No

Indices

No

No

Cryptocurrencies

Yes

No

CFDs

No

No

ETFs

Yes

Yes

Stocks

Yes

Yes

Options

Yes

No

Futures

No

No

Bonds

No

No

Mutual Funds

Yes

No

Fractional Shares

Yes

Yes

Exchange Traded Notes (ETNs)

No

No

Precious Metals

No

No

Real Estate Investment Trusts (REITs)

No

Yes

Equities

No

No


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

No

No

MT5

No

No

cTrader

No

No

Social Trading

No

Yes

Copy Trading

No

Yes

Other Trading Platforms (proprietary, etc.)

Mobile and Web app

Freetrade web and mobile trading platform

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


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Account Types & Conditions

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

Individual brokerage, IRA (Traditional, Roth, SEP)

General investment account, Stocks and shares ISA, Personal pension account

Demo Account (Yes/No)

No

No

Islamic Accounts (Yes/No)

No

No

Minimum Deposit

$0

$0

Leverage Available

No

100:1

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

Beginners to experienced traders


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Deposit & Withdrawal Options

Deposit Methods

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

Bank transfer, debit card, Apple pay, google pay

Withdrawal Methods

ACH transfer back to linked bank accounts

Linked bank account

Other E-Wallets Supported

No

Apple pay , google pay


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Tools & Educational Resources

Economic Calendar

Yes

No

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)

Learn (Trading Education), Freetrade Blog (Market Insights), Webinars, Investing Guides, Video Tutorials, Community Forum


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Fees & Commissions

Trading-Related Fees

Stocks, ETFs-$0,Commission -$0

FX fee of 0.59%

Spread (typical, fixed, variable)

NA

Variable

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

NA

Maximum Leverage

No

100:1


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Non-Trading Fees

Dormant Fees

$25

$0

Subscription Fees (for premium features, data feeds)

NA

$0

Advisory Fees

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

NA

Swap Fees (Overnight Financing)

NA

NA

Statement or Document Fee

$5 paper statement fee

NA

Account Opening Fee

NA

NA

Account Maintenance Fee

NA

£10.97

Deposit Fee

NA

£5

Currency Conversion Fee

NA

Exchange rate + 0.99%

Withdrawal Fee

Outgoing ACAT transfers $100

£5


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

No


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Trading Hours

Trading Hours (for each asset class if applicable)

Depends on the instrument offer

Monday to Friday: 8:00 AM - 4:30 PM GMT Monday to Friday: 9:30 AM - 4:00 PM ET (2:30 PM - 9:00 PM GMT) European Market Hours- Monday to Friday: 9:00 AM - 5:30 PM CET (8:00 AM - 4:30 PM GMT)


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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

Help hub, community forum, E-mail, Social media

Support Languages

1

1


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Additional Information

Headquarters Location

San Francisco, California.

Level 2, The Truman Brewery, 91 Brick Lane, London, England, E1 6QL

Complaints (for crypto brokers)

No

No


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, Freetrade offers more comprehensive services with slightly higher fees, especially for advanced tools and asset classes.
If speed and simplicity matter to you, Sofi Active Investing delivers a streamlined account setup. In contrast, Freetrade includes more documentation and KYC checks, which can delay access but ensures strong compliance.
New traders may find Sofi Active Investing interface more welcoming, while Freetrade appeals to experienced users looking for tools like heatmaps, screeners, and market sentiment overlays.
Sofi Active Investing caters to serious traders who value advanced features, whereas Freetrade appeals to beginners due to its user-friendly platform.

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