Does SoFi offer margin trading?

SoFi offers individual Self-Directed Invest accounts. Your first individual Self-Directed Invest account is a margin account. After opening that account, you may also open additional cash accounts.

Margin trading is where you borrow funds through your brokerage account to make purchases. When you are trading on margin, you pay interest on the money that you are borrowing. If you would like to enable Margin Trading on your Self-Directed Invest account, you must separately apply to be approved. To learn how to apply for Margin Trading, please refer to our Help Center Article: How do I apply for Margin Trading?

Self-Directed Invest margin accounts also allow you to trade with unsettled funds. Using unsettled funds does not, by itself, mean that you are using Margin Trading or borrowing funds. However, when you are trading in a cash account you are required to have settled cash for your purchases by the time the purchase settles. Those actively trading in cash accounts will need to be careful to not violate the cash account trading rules such as Good Faith Violations.

Note: Self-Directed Invest accounts can only trade on margin when margin trading has been approved and enabled. Even when Margin Trading is not enabled, certain account activity can create a debit balance. For example, if a deposit used to purchase securities is returned or unsettled proceeds are withdrawn, a debit balance could be created which may accrue debit interest.

Interested in trading in a cash account? After opening your first Individual Self-Directed Invest account, which is a margin account, you can open up to three additional cash accounts. For more information, review the following Help Center Article.