Firstrade
SoFi Invest
VS
Higher Rated
Firstrade
Capital at risk · T&Cs apply
Choosing between Firstrade and SoFi Invest depends on your trading style, preferred markets, and budget. Firstrade is headquartered in New York, USA, while SoFi Invest operates from San Francisco, USA. Firstrade has the longer track record, established in 1985, compared to SoFi Invest which was founded in 2012. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Firstrade
SoFi Invest
| Firstrade | SoFi Invest | |
|---|---|---|
| BrokerRank Score | 3.4/5 ✓ | 3.3/5 |
| Min. Deposit | $0 ✓ | $1 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:2 ✓ | 1:1 |
| Regulation | SEC, CFTC ✓ | SEC |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Firstrade is the better choice overall, scoring 3.4/5 vs 3.3/5 on BrokerRank's independent rating. On fees, Firstrade offers lower spreads (0 pips).
See full side-by-side comparison belowFirstrade
WinnerSoFi Invest
Firstrade
SoFi Invest
Firstrade holds licences from SEC, CFTC. SoFi Invest is regulated by SEC.
Both brokers offer access to Stocks, Indices markets. SoFi Invest adds Crypto.
Firstrade supports Proprietary Web, Proprietary Mobile. SoFi Invest offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Firstrade requires no minimum deposit, while SoFi Invest sets a minimum deposit of $1. This makes Firstrade accessible to traders with any budget.
BrokerRank scores Firstrade at 3.41/5 and SoFi Invest at 3.33/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Firstrade leads overall with a clear advantage.
Firstrade
3.4/5
Choose Firstrade if you want…
SoFi Invest
3.3/5
Choose SoFi Invest if you want…
Firstrade scores higher overall on our independent rating system. Firstrade holds a 3.4/5 rating vs SoFi Invest's 3.3/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Firstrade offers spreads from 0 pips, while SoFi Invest starts at 0 pips. Check the fees section above for a full breakdown.
Firstrade requires a minimum deposit of $0. SoFi Invest requires $1.
Firstrade is regulated by SEC, CFTC, while SoFi Invest holds licences from SEC.
Firstrade supports Proprietary Web, Proprietary Mobile. SoFi Invest supports Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.