What is Sofi active investing?

While SoFi Active Investing has bells and whistles such as fractional shares, IPO investments and cryptocurrency, there are no mutual funds, index funds or bond funds available through the brokerage, which is a big downside for retirement investors. Active traders. ETF investors. Fractional shares. Options. Cryptocurrency. $1. $0. No contract fees.

What is active investing?

Active investing is a strategy that involves frequent action from investors or their portfolio managers, who buy and sell stocks often in a bid to achieve growth greater than that of the broader market.

Is Sofi active investing a competitor to Robinhood?

SoFi Active Investing came out of the gate as a competitor to Robinhood, offering free stock and ETF trades. However, toward the end of 2019, free trades became the industry standard at online brokers, causing the offerings from SoFi and Robinhood to lose their edge.

Is Sofi a low-cost mutual fund?

SoFi's commitment to low-cost trading also shows in its new $0 options trade offering, which charges no contract fee. SoFi Active Investing charges no annual or inactivity fee, though there is a $75 full or partial outgoing transfer fee. Number of no-transaction-fee mutual funds: Not rated.