SoFi Invest vs M1 Finance 2026: Which Broker is Better?
Choosing between SoFi Invest and M1 Finance depends on your trading style, preferred markets, and budget. SoFi Invest is headquartered in San Francisco, USA, while M1 Finance operates from Chicago, USA. SoFi Invest has the longer track record, established in 2012, compared to M1 Finance which was founded in 2015. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
SoFi Invest
M1 Finance
| SoFi Invest | M1 Finance | |
|---|---|---|
| BrokerRank Score | 3.3/5 ✓ | 3.2/5 |
| Min. Deposit | $1 ✓ | $100 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:1 | 1:2 ✓ |
| Regulation | SEC | SEC |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
SoFi Invest is the better choice overall, scoring 3.3/5 vs 3.2/5 on BrokerRank's independent rating. On fees, SoFi Invest offers lower spreads (0 pips).
See full side-by-side comparison belowSoFi Invest vs M1 Finance: Key Differences
SoFi Invest
WinnerM1 Finance
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Fees Comparison
SoFi Invest
M1 Finance
Regulation & Trust
SoFi Invest holds licences from SEC. M1 Finance is regulated by SEC.
Markets & Assets
Both brokers offer access to Stocks, Indices markets. SoFi Invest additionally covers Crypto.
Trading Platforms
SoFi Invest supports Proprietary Web, Proprietary Mobile. M1 Finance offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
SoFi Invest requires a minimum deposit of $1, while M1 Finance sets a minimum deposit of $100. Both are suitable for traders with moderate starting capital.
Overall Ratings
BrokerRank scores SoFi Invest at 3.33/5 and M1 Finance at 3.20/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. SoFi Invest leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
SoFi Invest
3.3/5
Choose SoFi Invest if you want…
- Higher overall rating (3.3/5)
- Lower minimum deposit ($1)
- More market types (3)
- More established (est. 2012)
M1 Finance
3.2/5
Choose M1 Finance if you want…
- Higher leverage (up to 1:2)
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 SoFi Invest & M1 Finance are available in
Frequently Asked Questions
1Is SoFi Invest better than M1 Finance?
SoFi Invest scores higher overall on our independent rating system. SoFi Invest holds a 3.3/5 rating vs M1 Finance's 3.2/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, SoFi Invest or M1 Finance?
SoFi Invest offers spreads from 0 pips, while M1 Finance starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for SoFi Invest vs M1 Finance?
SoFi Invest requires a minimum deposit of $1. M1 Finance requires $100.
4Which broker is safer, SoFi Invest or M1 Finance?
SoFi Invest is regulated by SEC, while M1 Finance holds licences from SEC.
5What trading platforms do SoFi Invest and M1 Finance support?
SoFi Invest supports Proprietary Web, Proprietary Mobile. M1 Finance supports Proprietary Web, Proprietary Mobile.
6Can I use both SoFi Invest and M1 Finance?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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