SoFi Invest Review 2026: Is It Good for ETF Investing?

SoFi Invest at a Glance

SoFi Invest for ETF Investors: What You Need to Know

SoFi's investing platform integrates with its broader ecosystem of banking, lending, and financial planning. Offers commission-free ETF trading with automated and active investing options under one app. With commission-free ETF trading and fractional share support (invest from $1) , SoFi Invest makes it easy to get started with no minimum deposit requirement.

The platform offers access to over 900 ETFs, giving you plenty of options whether you're looking for broad market index funds like VOO and VTI, dividend-focused ETFs like SCHD, or sector-specific funds. The research tools are rated basic, which covers the basics, though serious researchers may want to supplement with external tools.

SoFi Invest's mobile app lets you manage your ETF portfolio on the go, set up automatic investments, and monitor your holdings from anywhere.

Pros and Cons

How to Open a SoFi Invest Account for ETF Investing

1. Visit SoFi Invest's website and click "Open an Account." You'll need your Social Security number, government ID, and bank information.
2. Choose your account type — Individual Brokerage (most common for beginners), Roth IRA (tax-advantaged retirement), or Traditional IRA. If you're not sure, start with an individual brokerage account.
3. Fund your account via bank transfer. There's no minimum deposit, so you can start with any amount.
4. Search for your chosen ETF (e.g., VOO, VTI, or SCHD) using the search bar and place your first trade.
5. Set up automatic investing to buy your chosen ETF(s) on a regular schedule. This is dollar cost averaging — the simplest and most effective strategy for beginners.

How SoFi Invest Compares