SoFi Alternative Brokers Compared
We found when trading having a broker you can rely on is essential. If SoFi does not match your requirements we explain the top SoFi alternatives and SoFi competitors in this guide.
The best alternative for SoFi is IC Markets or Roboforex.
When searching for a SoFi alternative, there are a few things you need to check. The SoFi trading platform alternative you decide upon needs features and trading fees that match your investment strategies and trading requirements.
We offer a detailed list and examination of the top SoFi alternatives and competitors feature by feature further below this SoFi alternatives guide.
If you are looking for a trading platform that offers similar features to SoFi or SoFi. Or if you are looking for features that SoFi does not offer that you require when trading, we will show you the best SoFi alternative options below.
We highlight the pros and cons of each SoFi alternative. Maybe you are looking for better customer service from a SoFi alternative or more competitive SoFi fees and more financial instruments to trade.
We have listed some reasons why SoFi may not be the best broker for you. But don't worry. We have compiled a list of the best alternatives below.
- SoFi does not allow hedging (See brokers for Hedging here)
- SoFi does not offer negative balance protection (See SoFi alternatives who offer negative balance protection here)
- SoFi does not offer Guaranteed Stop Loss (See SoFi alternatives who offer Guaranteed Stop Loss here)
- SoFi does not allow Scalping (See brokers for scalping here)
- ECN accounts are not offered by SoFi (Look here for SoFi alternatives offering ECN accounts)
- STP accounts are not offered by SoFi (Look here for SoFi alternatives offering STP accounts)
- SoFi does not offer MT4 (See SoFi alternatives offering the MT4 trading platform here)
- MT5 is not offered by SoFi (find SoFi alternatives that offer the MT5 trading platform here)
- cTrader is not offered by SoFi (find SoFi alternatives offering the cTrader trading platform here)
- SoFi does not offer Micro accounts (Check here for SoFi alternatives offering micro accounts)
- SoFi does not offer VIP accounts (Check here for SoFi alternatives offering VIP accounts)
- SoFi does not offer Islamic accounts (Check here for SoFi alternatives offering Islamic accounts)
- SoFi have inactivity fees (See SoFi alternatives who don’t have inactivity fees here)
Top SoFi Alternative is IC Markets
| Broker |  |
 |
 |
|---|---|---|---|
| Rating | ★★★☆☆ 3/5 | ★★★★☆ 4/5 | ★★★★☆ 4/5 |
| 💻 Trading Platforms | Web, Mobile Apps, Android (Google Play), iOS (App Store) | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows |
| 📋 Instruments Available | 5000 | 2250 | 12000 |
| 📈 Stocks Offered | 2100 | 0 | |
| 💎 Crypto | No | Yes | No |
| 💹 Forex Pairs | 61 | 35 | |
| 📈 Commodities | 0 | 20 | 21 |
| 💰 Min Deposit | 25 | 200 | 10 |
| 👱♂️ Used By | 7,500,000+ users | 200,000+ users | 730,000+ users |
| 📆 Founded | 2008 | 2007 | 2009 |
| 👮♂️ Regulation | DFPI (Department of Financial Protection and Innovation) (6054612), NMLS (Nationwide Mortgage Licensing System) (1121636), FINRA (Financial Industry Regulatory Authority), SIPC (Securities Investor Protection Corporation) | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund |
| 🌍 HQ | United States | Australia | Belize |
| 🚫 Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | |
| Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
If you want to see a more indepth feature by feature SoFi alternative comparison, you can scroll further down here.
