BROKER REVIEW Updated January 2025

SoFi Invest Review 2025

Banking, loans, and investing in one app. 2% IRA match with shortest vesting. Great for SoFi ecosystem, limited as standalone broker.

3.8 / 5
Our Rating
Commissions: $0
IRA Match: 2%
Vesting: 2 years
Options: No

The Bottom Line

SoFi Invest makes sense if you're already in the SoFi ecosystem (banking, loans, credit card). The 2% IRA match with only 2-year vesting is actually attractive—shorter than Robinhood's 5 years.

As a standalone broker, it's basic. No options trading, limited research, and fewer features than dedicated platforms.

What SoFi Does Best

2% IRA Match (2-Year Vesting)

Lower percentage than Robinhood (3%) or Webull (3.5%), but the 2-year vesting is the shortest in the industry. If you might leave before 5 years, SoFi's faster vesting matters.

All-in-One Ecosystem

Banking (4.00% APY checking), student loan refinancing, personal loans, credit cards, and investing—all in one app. The integration is genuinely convenient.

Simplicity

Clean interface, easy to use. Good for beginners who don't want complexity.

Crypto Trading

Trade crypto alongside stocks. 30+ coins available.

Where SoFi Falls Short

No Options Trading

SoFi doesn't offer options at all. If you want options, look elsewhere.

Basic Tools

Minimal charting, limited research. Not for serious analysis.

Lower IRA Match

2% vs Robinhood's 3% or Webull's 3.5%. The faster vesting partially compensates, but you still get less free money.

Who Should Use SoFi

  • SoFi banking/loan customers wanting one app
  • IRA investors who want faster vesting
  • Beginners who want simplicity

Who Should Look Elsewhere

  • Options traders: SoFi doesn't offer them
  • Active traders: Limited tools
  • Maximizers: Higher IRA match elsewhere

The Verdict

SoFi Invest is a solid add-on for SoFi ecosystem users but not compelling as a standalone broker. The 2-year IRA vesting is its best feature. For most investors, Fidelity or Robinhood are better choices.

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