M1 Finance vs Robinhood M1 Finance is a commission-free investing app that allows you to choose your own investments. How does it compare to Robinhood? 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 Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month.
Compare M1 Finance with Robinhood, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
M1 Finance Acorns Webull Learn More Visit Site
SPECIAL OFFER Commission Free Stock Trading - Learn More
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Read Robinhood Review Benefits and Features Stock Trading $0 $0 Options Trading No $0 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 No Commission Free ETFs All U.S. listed ETFs All U.S. listed ETFs Phone Support Monday - Friday 9:30 am to 4 pm EST 650-761-7789 (available 24/7) Live Chat Support No Available 24/7 (requires sign in) Email Support Yes Yes Human Advisors No No Robo Advisor No Assets Under Management $4.5 Billion $102 Billion Penny Stocks Yes Tax Loss Harvesting No, but offers tax minimization features No Goal Tracker No No Automatic Deposits Yes Yes Broker Assisted Trades Included Not available Good For DIY investing with passive portfolio management Beginners; Active traders 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 Yes iPhone App Yes (4.6 stars, 33.3k ratings) Yes (4.2 stars, 4.3M ratings) Android App Yes (4.5 stars, 15.7k ratings) Yes (4.1 stars, 483k ratings) Banking Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank Mobile App iOS & Android Desktop App None Two-Factor Authentication Yes Device approvals, Authenticator app, SMS Forex Trading No Futures Trading No Bond Trading No CFD Trading No Currency Trading No Customer Service Live Chat (24 hours via Robinhood app)
Phone: 650-761-7789 (available 24/7)
Email: support@robinhood.com Locations No No Online Community No No Seminars No Yes Trading Platform Web Trading, Mobile Apps Virtual Trading No No Fractional Shares Yes Yes Taxable Accounts Yes Yes 401k Plans No No IRA Accounts Yes Yes Roth IRA Accounts Yes Yes SEP IRA Accounts Yes No Trust Accounts Yes No 529 Plans No No CreditDonkey® Reviews Annual Fee Minimum Deposit Mobile App Customer Service Ease of Use Research Stock Trading Options Trading Commissions and 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:Commission-free trades No minimum Extended trading hours Cons :Limited research No mutual funds & bonds Bottom Line Commission-free investing app that allows you to choose your own investments ... Read full review Free way to trade stocks with limited bells and whistles ... Read full review 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.
Robinhood: Pricing information from published websites as of 08/13/2024.
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