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

Broker Name

Sofi Active Investing

Oanda

Broker Overview

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

Market maker

Years of Existence / Established Year

2019

1996

Customer Base / Number of Accounts

6.2+ Million

50M

Regulation & Security

Regulations (governing bodies)

SEC, FINRA

CFTC / NFA FCA MAS CIRO ASIC FSA FSC in the BVI

Awards Won (count for the last 2 years)

No major awards listed

Broker of the year by TradingView Awards 2023 Most popular broker 3 years in a row in TradingView Awards 2020, 2021, 2022

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

68+ major currency pairs

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Yes

Bonds

Yes

Mutual Funds

Yes

Fractional Shares

Yes

Exchange Traded Notes (ETNs)

Precious Metals

Yes

Real Estate Investment Trusts (REITs)

Equities

Yes

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

Yes

MT5

cTrader

Social Trading

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

Mobile and Web app

Oanda Mobile and Tablet apps

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

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

Individual brokerage, IRA (Traditional, Roth, SEP)

Standard account Corporate account Professional trading account

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

Leverage Available

50:1

Trade Limit (maximum per trade)

Account Equity < $25,000: No Day Trades

Varies by instrument

Commission (per account type)

Standard - $50/M Premium - $50/M Premium Plus - $40/M

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

Passive investors

Only experienced

Deposit & Withdrawal Options

Deposit Methods

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

Bank Wire Transfer ACH Debit card

Withdrawal Methods

ACH transfer back to linked bank accounts

Debit card Bank Wire 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)

Technical Analysis Premium MetaTrader Tools MT5 comes with inbuilt signal alerts, using latest NLP technology Spreads calculators

Fees & Commissions

Trading-Related Fees

Stocks, ETFs-$0,Commission -$0

Spread starts from 0.0, commission- $30 per 1M

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

50:1

Non-Trading Fees

Dormant Fees

$25

10 units of the currency for inactivity atleast 12 months.

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)

Vary on instruments and change on a daily basis

Statement or Document Fee

$5 paper statement fee

Account Opening Fee

Account Maintenance Fee

Deposit Fee

Currency Conversion Fee

0.50%

Withdrawal Fee

Outgoing ACAT transfers $100

USD - First withdrawal fee in a calendar month Bank transfer / wire transfer - $20 Debit card - no feeUSD - additional withdrawals in a calendar month Bank transfer / wire transfer - fee + $15 Debit card - $15ACH - No fee

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

All FX products - Sunday 17:05 - Friday 16:59 Cryptocurrency - 24/7

Customer Support

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

Monday - Friday 5am-5pm PT

24x5

Customer Support Methods (phone, email, live chat)

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

Email: mailto:[email protected] Monday to Friday - 8:00 to 20:00 CET Poland (+48)799366830 Malta (+356)20345018 Spain (+34)910479707 France (+33)182884361 Germany (+49)6995019607

Support Languages

Additional Information

Headquarters Location

San Francisco, California.

Dashwood House 64, Old Broad Street London EC2M 1QS

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, Oanda justifies its moderate fees with more robust tools and professional-grade features.

Creating an account with Sofi Active Investing is generally faster and more user-friendly, often taking just a few minutes, while Oanda requires more detailed steps and identity verification, which may suit more cautious investors.

While Sofi Active Investing focuses on mobile-first design and clean user experience, Oanda includes features like in-depth charting, integrated news feeds, and strong desktop performance.

Sofi Active Investing strength lies in high-performance trading, while Oanda provides a more accessible route for everyday investors.

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