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Brokerage Account Review🆓 Best Zero Options Fees

SoFi Invest

SoFi

Stock trades $0. Beginners, SoFi members, options traders seeking zero fees.

At a Glance

Stock Trades

$0

Options Trades

$0

Min. Deposit

$0

Research Tools

Basic

Fractional Shares

Yes

Crypto Trading

Yes

Rates & Fees

Stock Trades

$0

Options Trades

$0

Min. Deposit

$0

Account/Inactivity Fee

None

Full Transfer-Out Fee

None — SoFi does not charge an outgoing transfer fee

Key Features

$0 options commissions — no per-contract fee at all

Fractional shares from $5 across 4,000+ stocks & ETFs

IPO access for retail investors

SoFi ecosystem: link investing with loans, banking, and credit card

Pros & Cons

Pros

  • Zero commissions on everything including options
  • Start investing for just $5 with fractional shares
  • IPO participation available to retail investors
  • Financial planners available to members

Tradeoffs

  • No paper trading
  • Limited research tools — not for serious analysts
  • Smaller platform vs Fidelity/Schwab

Best for: Beginners, SoFi members, options traders seeking zero fees

How to Apply

Decide which account type fits your goal — SoFi offers Individual, Joint, Roth IRA, and more.

Have your Social Security number, employment information, and a funding source (bank account or transfer) ready.

Open the account directly on SoFi's site or app; identity verification is required by federal law for all brokerages.

Fund the account with any amount — this broker has no minimum deposit requirement.

Review commission schedules and any account fees before placing your first trade.

How It Compares

Current product highlighted
ProductStock TradesOptions TradesMin. Deposit
SoFi Invest$0$0$0
Fidelity Investments$0$0.65/contract$0
Charles Schwab$0$0.65/contract$0
E*TRADE$0$0.65/contract ($0.50 for 30+ trades/qtr)$0

Frequently Asked Questions

Does SoFi charge fees to trade stocks?

SoFi's stock trade commission is "$0." Options trades are priced at $0, and other fees (like broker-assisted trades or account transfers) can still apply.

What's the minimum deposit for SoFi?

SoFi doesn't require a minimum deposit to open an account, so you can start with any amount.

Can I trade fractional shares and crypto with SoFi?

SoFi supports fractional shares, and does offer direct crypto trading.

Are there any ongoing or account-closing fees with SoFi?

Account/inactivity fee: None. Fee to transfer your full account to another broker: None — SoFi does not charge an outgoing transfer fee. Transfer-out fees are common industry-wide and are charged by the broker you're leaving, not the one you're moving to.

How does SoFi compare to other brokerages?

See the "How It Compares" table on this page for a few close alternatives side by side, or browse the full list of brokerage accounts to compare commissions, minimums, and platform features.

Other Brokerage Accounts

Fidelity Investments

Stock trades: $0

Charles Schwab

Stock trades: $0

E*TRADE

Stock trades: $0

Fees and features shown are illustrative as of 2026 and subject to change — always confirm current terms directly with the broker before opening an account.

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