Updated September 29, 2026 · BrokerCue Editorial Team
FOREX.com vs SoFi
FOREX.com vs SoFi: the differences
| Compare |  FOREX.com |  SoFi |
|---|---|---|
| Minimum deposit | $100 | $0Lower |
| Markets | Forex, CFDs, Crypto | Stocks, ETFs, Options, Crypto |
| Regulators | FCA, NFA/CFTC, ASIC | SIPC, FDIC |
| Investor protection | FSCS up to GBP 85,000 | SIPC up to USD 500,000 |
| Stock trade fee | Not confirmed | $0 |
| Account fee | Not confirmed | $0 |
| Inactivity fee | Not confirmed | $0 |
| Retail accounts that lose money | 74% | Not confirmed |
| EUR/USD spread | 1.2% | Not confirmed |
| Account types | Not confirmed | IRA, Roth IRA, Joint |
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Key differences
- SoFi scores higher overall: 9.3 vs 9.1.
- Regulators: only FOREX.com offers FCA, NFA/CFTC, ASIC.
- Regulators: only SoFi offers SIPC, FDIC.
- FOREX.com is licensed in 2 more countries.
- Minimum deposit is lower at SoFi: $0 vs $100.
- Markets: only FOREX.com offers Forex, CFDs.
- Markets: only SoFi offers Stocks, ETFs, Options.
- Features: only FOREX.com offers Demo account.
- Features: only SoFi offers Fractional shares.
Our verdict on each
FOREX.com
FOREX.com suits UK retail traders who want one commission-free account covering forex, CFDs and crypto under a named UK regulator. The trade-off is the price of entry: a $100 minimum deposit sits well above the €4.64 median across the brands compared here.
SoFi
SoFi suits retirement savers in the US, with a stock trade fee of $0, an account fee of $0 and a minimum deposit of $0. The named licences are US registrations, so readers outside the US should check the account types and terms first.
Score breakdown
| Area | FOREX.com | SoFi |
|---|---|---|
| Cost | 8.3Commission-free pricing with a 1.2% EUR/USD spread, though the $100 minimum deposit is steep against the €4.64 site median. | 9.5HigherRanks 1 of 161 on stock trade fee, 1 of 138 on account fee, 1 of 56 on inactivity fee. |
| Offer | 8.8 | 9.4Higher |
| Trust | 9.8Higher | 9.2 |
Availability and regulation
| Country | FOREX.com | SoFi |
|---|---|---|
| United States | SIPC SIPC member 68389 FDIC FDIC cert 26881 | |
| Australia | Not confirmed | |
| United Kingdom | Not confirmed |
Pick FOREX.com if, pick SoFi if
Pick FOREX.com if trust matter most.
Pick SoFi if cost, offer, and minimum deposit matter most.
Where these facts come from
FOREX.com
- compareforexbrokers.com: 8 facts, checked September 26, 2026
SoFi
- en.wikipedia.org: 5 facts, checked September 26, 2026
- sofi.com: 5 facts, checked September 26, 2026
- sipc.org: 3 facts, checked September 26, 2026
- banks.data.fdic.gov: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | FOREX.com | SoFi |
|---|---|---|
| Features | Crypto, Demo account, Mobile app | Crypto, Fractional shares, Mobile app |
| Pricing model | Commission free | Commission free |
| Audience | Not confirmed | Beginners |
| Legal entity | Not confirmed | SOFI SECURITIES LLC |
| Headquarters | Not confirmed | United States |
| Founded | Not confirmed | 2011 |
Robo-advisors
| Fact | FOREX.com | SoFi |
|---|---|---|
| Portfolio types | Not confirmed | ETF, Cash, Crypto |
Where each stands against the rest
| Fact | FOREX.com | SoFi | Median |
|---|---|---|---|
| Minimum deposit | $100above the median | $0below the median | $25 |
| Stock trade fee | Not confirmed | $0at the median | $0 |
| Account fee | Not confirmed | $0at the median | $0 |
| Inactivity fee | Not confirmed | $0at the median | $0 |
| Retail accounts that lose money | 74%above the median | Not confirmed | 72.05% |
| EUR/USD spread | 1.2%highest quarter | Not confirmed | 0.65% |
Median across 134 listed brokers.
Pros and cons
FOREX.com
Pros
- Commission-free pricing means the 1.2% EUR/USD spread is the cost you can actually see before you trade
- Regulated in the UK by the FCA, in the US by the NFA/CFTC and in Australia by the ASIC
- UK clients have investor protection of FSCS up to GBP 85,000 behind the firm
Cons
- The $100 minimum deposit sits above $0 at CFI and $5 at Vantage, so entry is the main hurdle
- Retail accounts lose money at 74%, above the 70.15% median for the brands compared here
- The range stops at forex, CFDs and crypto, without the shares, ETFs and futures that appear in stocks, etfs and forex
SoFi
Pros
- A stock trade costs $0 on a commission free model, so cost does not decide which shares you can hold.
- The account fee is $0 and the inactivity fee is $0, so extra accounts and balances left untouched are not billed.
- The minimum deposit is $0 where Vantage asks $5, so a small amount can start an account.
Cons
- The account types listed are ira, roth ira and joint, retirement and joint accounts, and a general taxable account is not among them.
- Markets stop at stocks, etfs and options, while eToro lists stocks, etfs and forex, so forex, CFDs and futures are out of reach here.
- The group sits in US and its registrations are SIPC member 68389 and FDIC cert 26881, with no UK or EU regulator named.
Who each suits
FOREX.com
Who it suits
- UK retail traders who want one commission-free account across forex, CFDs and crypto
- Traders who want a demo account to size up the platform before funding the $100 deposit
- People who put weight on a named UK regulator and FSCS up to GBP 85,000
Who should look elsewhere
- Anyone starting with a small sum, since CFI takes $0 and Vantage $5 against a $100 entry here
- Share and ETF investors, because eToro's range runs to stocks, etfs and forex
SoFi
Who it suits
- Beginners, which the audience fact lists as beginners, who want to start small with a $0 minimum deposit.
- Retirement savers who want an IRA, a Roth IRA or a joint account at $0 in account fees.
- Fractional share buyers who want crypto and equities in the same app, as the feature list crypto, fractional shares and mobile app shows.
Who should look elsewhere
- Traders after forex, CFDs or futures, since eToro lists stocks, etfs and forex and SoFi lists stocks, etfs and options.
- Investors who want a broader spread of instruments than shares, ETFs, options and crypto, since CFI lists stocks, etfs and forex.
- Readers who need a UK or EU regulated provider, because the licences named are SIPC member 68389 and FDIC cert 26881.
Country by country
| Country | FOREX.com | SoFi |
|---|---|---|
| United States | No | Yes |
Questions about each
FOREX.com
What does it cost to trade forex on FOREX.com?+
Pricing is commission-free, so the cost sits in the spread rather than a separate deal charge. The euro against the dollar carries a spread of 1.2%, and that figure is the one to watch if you trade often or in size. The commission-free model runs across the account, not on one pair alone.
How much do I need to deposit to open an account?+
The minimum deposit is $100. That is a clear step up from the €4.64 median across the brands compared here, and well above $0 at CFI and $5 at Vantage. Plan the funding before you open, because the threshold applies at the account level.
SoFi
What does it cost to open and hold a SoFi account?+
The published minimum deposit is $0, the account fee is $0 and the inactivity fee is $0, so opening and holding an account adds no charge on the listed terms. Those are account level figures, which is the first thing to check before you choose a wrapper or leave a balance untouched.
What does a stock trade cost?+
A stock trade costs $0 and the pricing model is commission free, so commission does not decide which shares you can hold. Other brands on the site charge a stock trade fee as high as €17.54, and the account fee of $0 and inactivity fee of $0 add nothing on top.
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