What is a margin call?

A margin call is triggered when your account equity falls below your margin requirement (thereby creating a negative available margin balance). When notified of a margin call, you will be given a specified deadline to respond and rectify the deficit. This can be accomplished by either adding cash or selling securities. In extreme cases, assets may be liquidated prior to the deadline.

How much can I borrow on margin with SoFi?

The amount you can borrow depends on a variety of factors including overall account balance, current equity, and the specific securities held in your account. To view the specific figure, navigate to the 'Buying Power' section of your margin account.

How is interest calculated and deducted from my margin account?

Interest charges are calculated daily by multiplying the outstanding margin debit balance by the annual interest rate and dividing the result by 360. These daily figures are accrued and automatically charged to the account on a monthly basis. Your interest due is accrued on a daily basis, and deducted from your account once per month. This happens automatically and does not require you to take any action.

What stocks are eligible for margin lending with SoFi?

There are a variety of factors used to determine whether a stock is marginable. You can confirm the marginability of a specific stock by looking at the quote page via the SoFi mobile app or website.

Can I disable margin investing on my SoFi account?

Yes. Margin can be disabled by navigating to your 'Buying Power' page and flipping 'Margin investing enabled' to the off position.

Does margin affect credit score?

Typically, buying stocks on margin won’t affect your credit score. However, your score could be affected when you initially open a margin account.

Is marign trading good for long-term investing?

There are certainly pros and cons when it comes to margin trading in the long term. Generally, if you’re proactive in paying back the money you borrow, margin trading can be a great long-term investing strategy, ideally earning gains greater than your borrowing costs.

Is there a minimum loan amount with SoFi?

There isn’t a minimum borrowing amount per se. However, your purchasing power is based on a variety of factors, such as the securities you hold, account balance, and current equity.

How do you pay off a margin balance with SoFi?

In order to pay off your margin balance, you must repay the full amount borrowed plus interest through your Invest account on the SoFi App.

Are there any fees when opening a margin account with SoFi?

There aren’t any fees when opening a SoFi margin account. However, your outstanding margin balance will accrue interest on a monthly basis.

Margin Loans: Open a Margin Trading Account

INVEST PRODUCTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE

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Exchange Traded Funds (ETFs): Investors should carefully consider the information contained in the prospectus, which contains the Fund’s investment objectives, risks, charges, expenses, and other relevant information. You may obtain a prospectus from the Fund company’s website or chat with us https://sofi.app.link/investchat. Please read the prospectus carefully prior to investing.

Shares of ETFs must be bought and sold at market price, which can vary significantly from the Fund’s net asset value (NAV). Investment returns are subject to market volatility and shares may be worth more or less their original value when redeemed. The diversification of an ETF will not protect against loss. An ETF may not achieve its stated investment objective. Rebalancing and other activities within the fund may be subject to tax consequences.

†Utilizing a margin loan is generally considered more appropriate for experienced investors as there are additional costs and risks associated. It is possible to lose more than your initial investment when using margin. Please see SoFi.com/wealth/assets/documents/brokerage-margin-disclosure-statement.pdf for detailed disclosure information.

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