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Sofi Active Investing vs TMGM : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Sofi Active Investing
TMGM
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
Market maker
ECN broker
Years of Existence / Established Year
2019
2013
Customer Base / Number of Accounts
6.2+ Million
No information
Regulation & Security
Regulations (governing bodies)
SEC, FINRA
ASIC, VFSC and FSC
Awards Won (count for the last 2 years)
No major awards listed
Most Trusted Forex Broker 2024, Best Forex Trading Platform 2024, SkyLine Guide 2024 Award, Most Innovative Sports Sponsorship 2024, Brokersview Fastbull 2024 Award
Security Measures
SIPC
Civil Liability Insurance program for a limit of $10,000,000
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
No
Yes
Negative Balance Protection
No
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
IPO, IRA, Shares
12,000 instruments including shares
Currency Pairs
No
Yes
Commodities
No
Yes
Indices
No
Yes
Cryptocurrencies
Yes
Yes
CFDs
No
Yes
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
No
Futures
No
Yes
Bonds
No
No
Mutual Funds
Yes
No
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
No
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
Yes
MT5
No
Yes
cTrader
No
No
Social Trading
Yes
Copy Trading
No
Yes
Other Trading Platforms (proprietary, etc.)
Mobile and Web app
TMGM app
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Individual brokerage, IRA (Traditional, Roth, SEP)
Edge and classic account
Demo Account (Yes/No)
No
Yes
Islamic Accounts (Yes/No)
No
Yes
Minimum Deposit
$0
$100
Leverage Available
No
1:100 to 1:1000
Trade Limit (maximum per trade)
Account Equity < $25,000: No Day Trades
Depends on the assets type
Commission (per account type)
$0
Currency Pairs: $7 ; Precious Metals: $5
Best Suited For (e.g., beginners, experienced traders)
Passive investors
Experienced traders
Deposit & Withdrawal Options
Deposit Methods
Bank transfers (ACH), direct deposit from linked bank accounts
Visa, Mastercard, Bank transfer, RMB instant, Revolute, Wise, e-wallets
Withdrawal Methods
ACH transfer back to linked bank accounts
Visa, Mastercard, Bank transfer, RMB instant, Revolute, Wise, e-wallets
Other E-Wallets Supported
No
Skrill, Neteller.SticPay, FasaPay, UnionPay
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)
Market analysis, Traders terminology, Trading tools
Fees & Commissions
Trading-Related Fees
Stocks, ETFs-$0,Commission -$0
Currency Pairs: $7 USD ; Precious Metals: $5 USD, Spread-0.0pips
Spread (typical, fixed, variable)
NA
variable/floating spread
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
1:1000
Non-Trading Fees
Dormant Fees
$25
$30 per month after 6 months of inactivity
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
Yes
Statement or Document Fee
$5 paper statement fee
NA
Account Opening Fee
NA
NA
Account Maintenance Fee
NA
NA
Deposit Fee
NA
$0
Currency Conversion Fee
NA
Charges not mentioned, May apply for non-USD deposits
Withdrawal Fee
Outgoing ACAT transfers $100
$0
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
No
Trading Hours
Trading Hours (for each asset class if applicable)
Depends on the instrument offer
Depends on the assets type
Customer Support
Support Hours (e.g., 24/7, weekdays only)
Monday - Friday 5am-5pm PT
24/7
Customer Support Methods (phone, email, live chat)
Live chat, Phone: 855-456-7634, Virtual assistant
Phone +61 2 8036 8388, Fax +61 2 8036 8388, Email [email protected], Live chat
Support Languages
1
15+
Additional Information
Headquarters Location
San Francisco, California.
100 Barangaroo Ave., Level 28, Tower One, Sydney NSW 2000, Australia.
Complaints (for crypto brokers)
No
No
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