IG Group vs SoFi Invest 2026: Which Broker is Better?
Choosing between IG Group and SoFi Invest depends on your trading style, preferred markets, and budget. IG Group is headquartered in London, UK, while SoFi Invest operates from San Francisco, USA. IG Group has the longer track record, established in 1974, 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.
IG Group
SoFi Invest
| IG Group | SoFi Invest | |
|---|---|---|
| BrokerRank Score | 4.3/5 ✓ | 3.3/5 |
| Min. Deposit | $250 | $1 ✓ |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:200 ✓ | 1:1 |
| Regulation | FCA, ASIC, MAS ✓ | SEC |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | Proprietary Web, Proprietary Mobile |
IG Group is the better choice overall, scoring 4.3/5 vs 3.3/5 on BrokerRank's independent rating. On fees, SoFi Invest offers lower spreads (0 pips).
See full side-by-side comparison belowIG Group vs SoFi Invest: Key Differences
IG Group
SoFi Invest
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Fees Comparison
IG Group
SoFi Invest
Lower feesRegulation & Trust
IG Group holds licences from FCA, ASIC, MAS. SoFi Invest is regulated by SEC.
Markets & Assets
Both brokers offer access to Stocks, Indices markets. IG Group additionally covers Cfd, Forex, Commodities. SoFi Invest adds Crypto.
Fees & Spreads
On spreads, SoFi Invest is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at IG Group.
Trading Platforms
IG Group supports Proprietary Web, Proprietary Mobile, MT4. SoFi Invest offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
IG Group requires a minimum deposit of $250, while SoFi Invest sets a minimum deposit of $1. Both are suitable for traders with moderate starting capital.
Overall Ratings
BrokerRank scores IG Group at 4.33/5 and SoFi Invest at 3.33/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. IG Group leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
IG Group
4.3/5
Choose IG Group if you want…
- Higher overall rating (4.3/5)
- Higher leverage (up to 1:200)
- More regulatory licences (4)
- More market types (6)
SoFi Invest
3.3/5
Choose SoFi Invest if you want…
- Tighter spreads (from 0 pips)
- 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.
Both IG Group & SoFi Invest are available in
Frequently Asked Questions
1Is IG Group better than SoFi Invest?
IG Group scores higher overall on our independent rating system. IG Group holds a 4.3/5 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, IG Group or SoFi Invest?
IG Group offers spreads from 0.6 pips, while SoFi Invest starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for IG Group vs SoFi Invest?
IG Group requires a minimum deposit of $250. SoFi Invest requires $1.
4Which broker is safer, IG Group or SoFi Invest?
IG Group is regulated by FCA, ASIC, MAS, SEC, while SoFi Invest holds licences from SEC.
5What trading platforms do IG Group and SoFi Invest support?
IG Group supports Proprietary Web, Proprietary Mobile, MT4. SoFi Invest supports Proprietary Web, Proprietary Mobile.
6Can I use both IG Group 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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