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

Broker Name

Sofi Active Investing

HFM

Broker Overview

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

Market maker

Market maker broker

Years of Existence / Established Year

2019

2010

Customer Base / Number of Accounts

6.2+ Million

2500000 clients

Regulation & Security

Regulations (governing bodies)

SEC, FINRA

FSC, CySEC, DFSA, FCA, ISA, FSCA, MAS, CMA, FMA

Awards Won (count for the last 2 years)

No major awards listed

Best Global Affliiate Programs 2024, Best Trading Accounts Global, Best Stock Broker 2023, Best Trading Platform Broker

Security Measures

SIPC

Civil Liability insurance program with a limit of €5,000,000

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

Over 500 markets including energies

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

Social Trading

Yes

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

Mobile and Web app

HFM Platform, Web trading, Mobile trading

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

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

Individual brokerage, IRA (Traditional, Roth, SEP)

Cent, Zero, Pro , Premium, Corporate, Joint account

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

Leverage Available

1:1000- 1:2000

Trade Limit (maximum per trade)

Account Equity < $25,000: No Day Trades

60/ 200 Standard lots per position depends on account types

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

Bank Transfers, Wire transfers, Credit/Debit cards,Crypto, e-Wallets

Withdrawal Methods

ACH transfer back to linked bank accounts

Bank Transfers, Wire transfers, Credit/Debit cards,Crypto, e-Wallets

Other E-Wallets Supported

FasaPay, Neteller

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)

Webinars, eBooks and Guides, Video Tutorials

Fees & Commissions

Trading-Related Fees

Stocks, ETFs-$0,Commission -$0

Spread: starts from 0.0- 1.2 pips, commissions: $0.03 per 1k lot, Commission for Forex: $0.03 - $3, gold: $7- $14

Spread (typical, fixed, variable)

Variable

Per Lot Fees

Options Contract Fees

$0- $5

Futures Contract Fees

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

34:20:00

Non-Trading Fees

Dormant Fees

$25

$10 inactive for 90 days

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)

Statement or Document Fee

$5 paper statement fee

Account Opening Fee

Account Maintenance Fee

Deposit Fee

Currency Conversion Fee

Withdrawal Fee

Outgoing ACAT transfers $100

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

Varies by instrument

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

Live support: Available 24/5, Email : [email protected], Phone: +44-203 097 85 71

Support Languages

27+

Additional Information

Headquarters Location

San Francisco, California.

financial hub of Limassol, Cyprus

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.

If minimizing trading costs is your top priority, Sofi Active Investing might be more attractive due to its lower commissions. Meanwhile, HFM justifies its moderate fees with more robust tools and professional-grade features.

Sofi Active Investing offers a quick and paperless account setup that appeals to traders on the go, whereas HFM more involved onboarding process adds an extra layer of safety and regulatory checks.

If you're trading on-the-go, Sofi Active Investing mobile platform is fluid and intuitive. HFM desktop and web apps are more robust, making them suitable for in-depth trading sessions.

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

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