SoFi is an Android application with a wide range of financial instruments. You can trade, invest, borrow money, spend and more with a single platform.
This relatively popular platform operates for the residents of the United States. The utility provides users with several features usually available in separate services.
Firstly, there is a possibility to trade stocks, ETFs and crypto. However, the list of supported assets is not big. For instance, the system only works with two virtual currencies, namely Bitcoin and Ethereum. On the other hand, SoFi charges no commission. If you need a more advanced instrument for investing, you may refer to the Olymp Trade app.
Secondly, you can quickly borrow money here. Unlike microcredit services, SoFi offers long term personal and student loans. The exact conditions depend on many factors, including the state you live in.
Thirdly, it is possible to obtain a debit or credit Mastercard. For this, SoFi uses the service of The Bancorp Bank and The Bank of Missouri. Additionally, you can earn up to two percent cash back while spending money or paying off your debt.
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