M1 Finance vs Goldco
M1 Finance is a commission-free investing app that allows you to choose your own investments. How does it compare to Goldco? 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 Goldco is one of the most popular gold IRA companies. It stands out for its large selection of gold and silver coins, highest price buyback guarantee, and thousands of 5-star reviews. The minimum investment is $25,000.
Compare M1 Finance with Goldco, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Learn More | Visit Site | |
M1 Finance | Goldco | |
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Commission Free Stock Trading - | Free Gold IRA Kit - | |
Benefits and Features | ||
Stock Trading | ||
Options Trading | ||
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. | |
Mutual Fund Trading | ||
Gold IRA | ||
Mobile App | ||
Silver IRA | ||
Platinum IRA | ||
Palladium IRA | ||
CreditDonkey® Reviews | ||
Annual Fee | ||
Minimum Deposit | ||
Mobile App | ||
Customer Service | ||
Ease of Use | ||
Research | ||
Fees | ||
Minimum Investment | ||
Gold IRA | ||
Safety | ||
Pros & Cons | Pros:
| Pros:
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Bottom Line | Commission-free investing app that allows you to choose your own investments... | Very reputable Gold IRA account, but preferred custodian's fees may be higher than competitors... |
Learn More | Visit Site | |
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. Goldco: The required minimum purchase at Goldco to start a gold IRA is $25,000. Goldco’s preferred Custodian charges a flat annual account service fee which includes a one-time IRA account set-up fee of $50, as well as a $30 wire fee. Annual maintenance is $100, and storage is $150 for segregated storage or $100 for non-segregated storage. Fees for gold storage and custodianship can vary depending on the company you select to handle these services (required by the IRS, as all IRA assets must be managed by a custodian). Depending on the Custodian, storage fees can range from $10 to $60 per month, or as a percentage of assets, from 0.35% to 1% annually. Goldco does not charge any storage fees for cash transactions over $25,000. |
Free Gold IRA Kit
- Up to $10,000 in free silver for eligible customers
- Highest buyback price, guaranteed
- Endorsed by Sean Hannity and Chuck Norris
Get Up to $10,000 in Free Silver
Open a qualifying gold IRA and get up to $10,000 in free silver
Which is Better: M1 Finance or Goldco?
In short: Goldco's customer service is outstanding.