Firstrade vs SoFi Invest 2026: Which Broker is Better?
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 vs SoFi Invest: Key Differences
Firstrade
WinnerSoFi Invest
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Fees Comparison
Firstrade
SoFi Invest
Regulation & Trust
Firstrade holds licences from SEC, CFTC. SoFi Invest is regulated by SEC.
Markets & Assets
Both brokers offer access to Stocks, Indices markets. SoFi Invest adds Crypto.
Trading Platforms
Firstrade supports Proprietary Web, Proprietary Mobile. SoFi Invest offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
Firstrade requires no minimum deposit, while SoFi Invest sets a minimum deposit of $1. This makes Firstrade accessible to traders with any budget.
Overall Ratings
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.
BrokerRank Verdict
Who Should Choose Which?
Firstrade
3.4/5
Choose Firstrade if you want…
- Higher overall rating (3.4/5)
- No minimum deposit
- Higher leverage (up to 1:2)
- More regulatory licences (2)
SoFi Invest
3.3/5
Choose SoFi Invest if you want…
- More market types (3)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both Firstrade & SoFi Invest are available in
Frequently Asked Questions
1Is Firstrade better than SoFi Invest?
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.
2Which has lower fees, Firstrade or SoFi Invest?
Firstrade offers spreads from 0 pips, while SoFi Invest starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Firstrade vs SoFi Invest?
Firstrade requires a minimum deposit of $0. SoFi Invest requires $1.
4Which broker is safer, Firstrade or SoFi Invest?
Firstrade is regulated by SEC, CFTC, while SoFi Invest holds licences from SEC.
5What trading platforms do Firstrade and SoFi Invest support?
Firstrade supports Proprietary Web, Proprietary Mobile. SoFi Invest supports Proprietary Web, Proprietary Mobile.
6Can I use both Firstrade and SoFi Invest?
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.
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