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

Broker Name

Sofi Active Investing

Sofi Active Investing

VS
TD Direct Investing

TD Direct Investing

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Broker Overview

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

Market maker

None

Years of Existence / Established Year

2019

1984

Customer Base / Number of Accounts

6.2+ Million

17 M


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Regulation & Security

Regulations (governing bodies)

SEC, FINRA

CIPF, CIRO

Awards Won (count for the last 2 years)

No major awards listed

No major awards listed

Security Measures

SIPC

CIPF

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

Fixed income investments, GICs

Currency Pairs

No

No

Commodities

No

No

Indices

No

No

Cryptocurrencies

Yes

Yes

CFDs

No

No

ETFs

Yes

Yes

Stocks

Yes

Yes

Options

Yes

Yes

Futures

No

No

Bonds

No

Yes

Mutual Funds

Yes

Yes

Fractional Shares

Yes

No

Exchange Traded Notes (ETNs)

No

No

Precious Metals

No

Yes

Real Estate Investment Trusts (REITs)

No

No

Equities

No

Yes


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

No

No

MT5

No

No

cTrader

No

No

Social Trading

No

No

Copy Trading

No

No

Other Trading Platforms (proprietary, etc.)

Mobile and Web app

TD app, web trader, Advanced dashboard, TD active trader

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)

Margin account, cash trading account, TFSA, RSP, RESP, RIF, LIRA, LIF, RDSP

Demo Account (Yes/No)

No

No

Islamic Accounts (Yes/No)

No

No

Minimum Deposit

$0

$0

Leverage Available

No

No

Trade Limit (maximum per trade)

Account Equity < $25,000: No Day Trades

Depends on asset types

Commission (per account type)

$0

NA

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

Passive investors

Beginners and experienced traders


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Deposit & Withdrawal Options

Deposit Methods

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

Direct bank account, Check

Withdrawal Methods

ACH transfer back to linked bank accounts

SWIP, Wire payment

Other E-Wallets Supported

No

No


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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)

Learning Centre - Investing Education, Market Insights and Analysis, Webinars, Investing Guides, Video Tutorials, TD Direct Investing Community Forum


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Fees & Commissions

Trading-Related Fees

Stocks, ETFs-$0,Commission -$0

Commission -mutual funds- $0 , IPOs, Equities- $7.00- $9.99, Stock - $3- $43, Bonds- $40 + $1.50/1,000

Spread (typical, fixed, variable)

NA

NA

Per Lot Fees

NA

NA

Options Contract Fees

$0- $5

$9.99 + $1.25 per contract

Futures Contract Fees

NA

NA

Markup Fees on Spread

NA

NA

Guaranteed Stop Loss Fees

NA

NA

Maximum Leverage

No

No


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Non-Trading Fees

Dormant Fees

$25

NA

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%

NA

Swap Fees (Overnight Financing)

NA

NA

Statement or Document Fee

$5 paper statement fee

$2-$5

Account Opening Fee

NA

Applicable, Depends on account types

Account Maintenance Fee

NA

$25 per quarter

Deposit Fee

NA

$17.50 U.S

Currency Conversion Fee

NA

2.50%

Withdrawal Fee

Outgoing ACAT transfers $100

$30-$100


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Yes


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Trading Hours

Trading Hours (for each asset class if applicable)

Depends on the instrument offer

Pre-market trading hours (8 a.m. to 9:30 a.m. ET) and after-hours trading (4 p.m. to 8 p.m. ET)


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Customer Support

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

Monday - Friday 5am-5pm PT

Monday to Friday, 7 am to 10 pm ET

Customer Support Methods (phone, email, live chat)

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

Phone: 1-800-465-5463, , Book an appointment

Support Languages

1

4


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Additional Information

Headquarters Location

San Francisco, California.

66 Wellington Street West, Toronto, ON M5K 1A2

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, TD Direct Investing offers more comprehensive services with slightly higher fees, especially for advanced tools and asset classes.
Sofi Active Investing offers a quick and paperless account setup that appeals to traders on the go, whereas TD Direct Investing more involved onboarding process adds an extra layer of safety and regulatory checks.
Sofi Active Investing integrates well with algorithmic trading tools and third-party plugins. In contrast, TD Direct Investing emphasizes educational content and built-in research features within its platform.
Sofi Active Investing is geared toward frequent trading and analytics, while TD Direct Investing fits those who value simplicity and guided experiences.

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