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M1 Finance vs Fidelity

M1 Finance is a commission-free investing app that allows you to choose your own investments. How does it compare to Fidelity? Read our comparison chart below.

M1 Finance offers automated investing with no commissions or trading fees. M1 lets you select your own investments and their automation will manage it for you. This is great for investors who want a say. The downside is that there are no human advisors. The minimum to start is just $100.

While Fidelity offers stock trades at $0 per trade and more than 180 branch locations. There is no minimum deposit.

Compare M1 Finance with Fidelity, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 M1 Finance
 Visit SiteLearn More
 

M1 Finance

Fidelity

SPECIAL OFFER
Commission Free Stock Trading - Learn More

Read M1 Finance Review

SPECIAL OFFER
Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More

Read Fidelity Review

 

Benefits and Features

Stock Trading
$0
$0
Options Trading
No
$0.65 per contract
Annual FeeA $3 monthly platform fee will apply to clients with less than $10,000 in M1 assets or without an active M1 Personal Loan.
None
Cryptocurrency Trading
Yes
$0
Minimum Deposit$100 ($500 for IRAs, $5,000 for Trust Account) 
Mutual Fund Trading
No
Yes
Commission Free ETFsAll U.S. listed ETFs 
Phone SupportMonday - Friday 9:30 am to 4 pm EST 
Live Chat Support
No
 
Email Support
Yes
 
Human Advisors
No
 
Assets Under Management
$4.5 Billion
 
Tax Loss HarvestingNo, but offers tax minimization features 
Goal Tracker
No
 
Automatic Deposits
Yes
 
Broker Assisted Trades
Included
 
Good ForDIY investing with passive portfolio management 
Inactivity Fee$50 (for accounts with $50 or less and no trading or deposit activity for 90+ days)
$0
Maintenance Fee$3 monthly platform fee for accounts with less than $10,000 in M1 assets, or without an active M1 Personal Loan
$0
Online Platform
Yes
 
iPhone App
Yes (4.6 stars, 33.3k ratings)
 
Android App
Yes (4.5 stars, 15.7k ratings)
 
Banking 
No
Mobile App
Check
Yes
Two-Factor Authentication
Yes
 
Locations
No
 
Online Community
No
 
Seminars
No
 
Virtual Trading
No
 
Fractional Shares
Yes
 
Taxable Accounts
Yes
 
401k Plans
No
 
IRA Accounts
Yes
 
Roth IRA Accounts
Yes
 
SEP IRA Accounts
Yes
 
Trust Accounts
Yes
 
529 Plans
No
 
 

CreditDonkey® Reviews

 M1 Finance
Annual FeeStarStarStarStarStar
Minimum DepositStarStarStarStarStar
Mobile AppStarStarStarStarHalf StarStarStarStarStarEmpty Star
Customer ServiceStarStarStarHalf StarEmpty StarStarStarStarStarEmpty Star
Ease of UseStarStarStarStarHalf Star
ResearchStarEmpty StarEmpty StarEmpty StarEmpty Star
SavingsStarStarStarEmpty StarEmpty Star
FeesStarStarStarStarStar
Pros & ConsPros:
  • Choose your own investments
  • Can invest in individual stocks
  • Morning and afternoon trade windows
Cons:
  • No research
  • No human advisors
  • Platform fee
Pros:
  • $0 monthly service fee
  • No minimum balance
  • Free debit card
Cons:
  • Relatively low APY
  • Few physical branches
Bottom LineCommission-free investing app that allows you to choose your own investments... Read full reviewCash management account with a decent APY... Read full review
 Visit SiteLearn More

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

M1 Finance: Pricing information from published website as of 12/26/2023.

Fidelity: Pricing information from published website as of 07/05/2024.

M1 Finance

Commission Free Stock Trading

M1 Finance allows investors the choice of ETFs and stocks. M1 charges no management fees or commission.

Which is Better: M1 Finance or Fidelity?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing M1 Finance or Robinhood.


Articles on M1 Finance

M1 Finance Reviews

Is M1 Finance legitimate and safe? Find out the pros, cons, fees, and more. An essential read for beginners interested in M1 Finance.

Best M1 Finance Pie

M1 Finance is a commission-free investment app offering ready-made portfolios that are made up of "pies." What's the best M1 Finance Pie? Find out.

M1 Finance Alternatives

M1 Finance is a popular app for commission-free investing. But is there a better option for you? Find out in this detailed guide to M1 Finance alternatives.

Articles on Fidelity

Fidelity High Yield Savings

Fidelity boasts an all-around account with no fees and a decent APY. But there's even more to discover. Keep reading.

Fidelity Investment Brokerage Review

Thinking of opening a brokerage account with Fidelity? There are many reasons to love Fidelity and a few reasons to think about going elsewhere.

Which Do You Think is Best?


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About CreditDonkey
CreditDonkey is a personal finance comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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