IC Markets vs SoFi Invest 2026: Which Broker is Better?
Choosing between IC Markets and SoFi Invest depends on your trading style, preferred markets, and budget. IC Markets is headquartered in Sydney, Australia, while SoFi Invest operates from San Francisco, USA. IC Markets has the longer track record, established in 2007, 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.
IC Markets
SoFi Invest
| IC Markets | SoFi Invest | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.3/5 |
| Min. Deposit | $200 | $1 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 ✓ | 1:1 |
| Regulation | ASIC, CySEC ✓ | SEC |
| Platforms | MT4, MT5, TradingView | Proprietary Web, Proprietary Mobile |
IC Markets is the better choice overall, scoring 3.9/5 vs 3.3/5 on BrokerRank's independent rating. On fees, IC Markets offers lower spreads (0 pips).
See full side-by-side comparison belowIC Markets vs SoFi Invest: Key Differences
IC Markets
SoFi Invest
Still deciding between IC Markets and SoFi Invest?
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Fees Comparison
IC Markets
SoFi Invest
Lower feesRegulation & Trust
IC Markets holds licences from ASIC, CySEC. SoFi Invest is regulated by SEC.
Markets & Assets
Both brokers offer access to Crypto, Stocks, Indices markets. IC Markets additionally covers Forex, Cfd.
Trading Platforms
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. SoFi Invest offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Mobile.
Minimum Deposit
IC Markets requires a minimum deposit of $200, while SoFi Invest sets a minimum deposit of $1. Both are suitable for traders with moderate starting capital.
Overall Ratings
BrokerRank scores IC Markets at 3.87/5 and SoFi Invest at 3.33/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. IC Markets leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
IC Markets
3.9/5
Choose IC Markets if you want…
- Higher overall rating (3.9/5)
- Higher leverage (up to 1:500)
- More regulatory licences (2)
- More market types (6)
SoFi Invest
3.3/5
Choose SoFi Invest if you want…
- No per-trade commission
- Lower minimum deposit ($1)
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.
Frequently Asked Questions
1Is IC Markets better than SoFi Invest?
IC Markets scores higher overall on our independent rating system. IC Markets holds a 3.9/5 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, IC Markets or SoFi Invest?
IC Markets 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 IC Markets vs SoFi Invest?
IC Markets requires a minimum deposit of $200. SoFi Invest requires $1.
4Which broker is safer, IC Markets or SoFi Invest?
IC Markets is regulated by ASIC, CySEC, while SoFi Invest holds licences from SEC.
5What trading platforms do IC Markets and SoFi Invest support?
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. SoFi Invest supports Proprietary Web, Proprietary Mobile.
6Can I use both IC Markets and SoFi Invest?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
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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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