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	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 Fee	A $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)	$0
Mutual Fund Trading	No	Yes
Commission Free ETFs	All U.S. listed ETFs
Phone Support	Monday - 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 Harvesting	No, but offers tax minimization features
Goal Tracker	No
Automatic Deposits	Yes
Broker Assisted Trades	Included
Good For	DIY 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		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
Annual Fee
Minimum Deposit
Mobile App
Customer Service
Ease of Use
Research
Savings
Fees
Pros & Cons	Pros: 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 Line	Commission-free investing app that allows you to choose your own investments... Read full review	Cash management account with a decent APY... Read full review
	Commission Free Stock Trading M1 Finance Fees Invest Automatically with M1 Finance	Commission-Free Trading - Online Stock, ETF and Option Trades Cash Management Account
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.

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

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