SoFi® Roth IRA Review 2026: Low-Cost Investing With Advisory Access
- Stock trade fee
- $0
- Minimum deposit
- $0
Our verdict
Diversify with stocks, ETFs, options mutual funds and alternative asset funds on SoFi’s beginner-friendly platform.
SoFi Invest® offers a range of IRA options, including traditional, Roth, rollover and SEP IRAs. Invest in stocks, ETFs, equity options, mutual funds and alternative asset interval funds, all with $0 commissions. Whether you prefer to manage your investments through a self-directed IRA or automate your portfolio with SoFi's robo-advisor, you'll have access to consultations with SoFi's Certified Financial Planners®. There's no minimum deposit or annual fee, although a $20 fee applies if you close your IRA. However, its robo-advisor now comes with a 0.25% annual fee, and like other beginner-friendly trading platforms, SoFi Invest lacks advanced research and analysis tools that some brokers offer.
Best for: Beginner investors; Automated investing.
Pros
-
$0 commissions stocks and ETFs
-
Access alternative investment funds
-
Get a 1% IRA Match on contributions and rollovers
-
Robo-advisor and financial planning sessions
-
Fractional share trading
Cons
-
No advanced charts and limited research tools
-
No tax-loss harvesting for automated investing
SoFi Invest IRA at a glance
| Feature | Rating | Details |
|---|---|---|
| Investment options | ★★★★★ |
|
| Trading costs | ★★★★★ | Zero commissions on stocks, ETFs, mutual funds and interval funds, but no options trading. |
| Account fees | ★★★★★ | No annual fee, but IRA closing fees and inactivity fees apply. |
| Account types and minimums | ★★★★★ | Offers traditional, Roth, rollover and SEP IRAs, with no minimum deposit requirements. |
| Trading platforms and technology | ★★★★★ | Offers mobile and web-based trading platforms but only a basic mix of tools and information, such as screeners and alerts. |
| Features and amenities | ★★★★★ |
|
| Customer support | ★★★★★ | Contact SoFi customer support by live chat and phone at 855-525-7634 on weekdays from 8 a.m. to 8 p.m. ET. |
| Mobile app | ★★★★★ | Google Play app reviews: 3.9/5 stars based on over 50,345 reviews, as of February 2026 Apple App Store app reviews: 4.8/5 stars based on over 384,000 reviews, as of February 2026 |
| IRA match | ★★★★★ | Earn a 1% match on IRA contributions rollovers. |
To learn how our star ratings are calculated, read our methodology.
SoFi IRAs are best for beginners
SoFi’s IRAs are designed with beginners and passive investors in mind, providing financial advice coupled with low-cost, uncomplicated access to the market. Its mobile app is straightforward to navigate, investing is effortless and SoFi support is a live chat away for any help.
Invest on your own or get financial and investment advice from SoFi’s team of financial planners. You can also automate your portfolios with SoFi’s robo-advisor for a 0.25% annual fee.
What we like about the SoFi IRA
SoFi’s IRAs stand out with features like low trading costs, access to both human and robo-advisory services and the option to invest in alternative assets.
Invest with fewer costs
Trade stocks, exchange-traded funds (ETFs), mutual funds and alternative asset interval funds no-fee commission within a SoFi IRA. No maintenance fees, minimum contributions or minimal balances either.
Unlimited financial planner access with SoFi plus
Subscribe to SoFi Plus for $10 per month and get access to financial planners.
Get a 1% match from SoFi on rollovers and ACH contributions to your active or automated IRA, up to the annual contribution limits. SoFi is one of just a few brokers in the industry to offer an IRA contribution match.
SoFi’s match program has the following requirements:
- Eligible accounts include Automated IRA, Automated Roth IRA, Active IRA and Active Roth IRA.
- Maintain the deposit in the IRA for two years following the close of the offer period.
- SoFi will pay the bonus within 30 days of the last day of the month in which the contributions settle in your account.
Diversify with alternative assets
Diversify your retirement portfolio beyond traditional investments like stocks, ETFs and mutual funds with SoFi’s collection of alternative asset funds.
Trade interval funds that include commodities, private credit, real estate and more. Available funds include:
- ARK Invest, ARK Venture Fund
- Carlyle, Carlyle Tactical Private Credit Fund
- KKR, KKR Credit Opportunities Portfolio
- Clarion Partners, Clarion Partners Real Estate Income Fund
- Franklin Templeton, Franklin BSP Private Credit Fund
Beginner-friendly investing platform
Between its user-friendly interface, educational resources and no-fee commission trading, SoFi Invest is among the most beginner-friendly platforms out there.
These are some of the tools you’ll be able to view and use through SoFi:
- SoFi’s IPO investing feature
- Market comparison
- Stock watchlist
- Collections of theme-based investments
- SoFi’s Popular Investors, which are the most-followed investors on the platform
- Popular and trending stocks
- A list of SoFi’s fund family ETFs
- SoFi Learn
Where SoFi’s IRA falls short
While SoFi’s IRAs offer many appealing features, there are a couple areas where they may fall short for certain investors.
Limited research and analysis tools
You won’t find advanced charts, analyst price targets or ratings, research reports or in-depth company financials.
No tax-loss harvesting for automated investing
SoFi’s robo-advisor does not offer tax-loss harvesting, which is a strategy that can help you reduce your taxable gains by selling investments at a loss to offset gains elsewhere in your portfolio. If you’re looking to maximize tax efficiency, this is a limitation compared with some other automated investment platforms that automatically implement tax-loss harvesting throughout the year. While SoFi’s robo-advisor simplifies portfolio management, those seeking more advanced tax strategies may need to look elsewhere or manage losses manually.
SoFi IRA fees
| Type of fee | Fee details |
|---|---|
| Minimum deposit to open | $0 |
| Minimum investment | $5 |
| Annual fee | $0 |
| Stock commissions | $0 |
| Mutual fund commissions | $0 (other fund fees may apply) |
| Interval fund commissions | $0 (other fund fees may apply) |
| Account transfer fee | $75 |
| Wire transfer out | $25 |
| IPO fee | $50 for the first sale of a stock obtained through an IPO within 120 days of IPO; $5 for each subsequent sale within the first 120 days |
| IRA closing fee | $20 |
| Inactivity fee | $25 per account for every 6 months of inactivity |
Is SoFi legit?
Yes, SoFi is a legitimate company and broker. Founded in 2011, SoFi today has over 4 million members. It’s funded more than $50 billion in loans and also received regulatory approval in early 2022 to become a national bank. SoFi is now the official banking partner of the NBA.(1) As a member of the SIPC, customer accounts are secured up to $500,000, including a $250,000 limit for cash claims, in the event of SoFi’s insolvency.
In terms of security, SoFi’s platform is considered safe and secure. SoFi employs two-factor authentication and 24/7 account monitoring, and its systems and security controls are regularly reviewed by third parties against security standards such as SSAE18 SOC2 and PCI DSS. SoFi also notes that “rigorous third-party penetration testing” is done at least annually.
SoFi reviews and customer experience
| BBB accredited | No |
|---|---|
| BBB rating | A+ |
| BBB customer reviews | 1.29 out of 5 stars, based on 372 customer reviews |
| Trustpilot score | 4.1 out of 5 stars, based on 10,429 customer reviews |
| Apple App Store Score | 4.8 out of 5 stars, based on 384,000 customer reviews |
| Google Play Score | 3.9 out of 5 stars, based on 50,349 customer reviews |
| Customer reviews verified as of | 05 February 2026 |
While there are no customer reviews across the Better Business Bureau (BBB) and Trustpilot that specifically call out SoFi Invest, SoFi has mixed reviews across these two review providers. It’s not accredited by the BBB, meaning that they don’t meet, commit to and maintain the BBB’s accreditation standards, but it does hold an A+ rating. Reviews on the BBB are largely negative. However, scores highly among Trustpilot reviewers. Frequent complaints revolve around loan approval issues, a lack of customer support and inactivity fees for its investing account. Satisfied customers praise SoFi’s prompt customer service and easy loan application process.
Many reviews across both sites praise SoFi’s reliability, ease of use and customer service. However, some negative reviews mention issues with account access, loan processing times and occasional technical glitches.
Compare SoFi to other platforms
Compare similar platforms by available asset types, trade fees and minimum deposit requirements. Select Go to site to sign up for an account.
SoFi IRA
8.4 Great
Available asset types
Stocks, Mutual funds, ETFs, Alternatives
Annual fee
$0 per month
Minimum deposit
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IRA match
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IRA Financial
Available asset types
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Robinhood Retirement
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Annual fee
$0 per month
Minimum deposit
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IRA match
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Matt Finder
Investments editor and market analyst
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