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M1 Finance vs Webull

M1 Finance is a commission-free investing app that allows you to choose your own investments. How does it compare to Webull? 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 Webull offers commission-free stock and ETF trading using their mobile app. There is no minimum deposit required.

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

 M1 FinanceWebull
 Visit SiteVisit Site
 

M1 Finance

Webull

SPECIAL OFFER
Commission Free Stock Trading - Learn More

Read M1 Finance Review

SPECIAL OFFER
20 Free Fractional Shares - Learn More

Read Webull Review

 

Benefits and Features

Stock Trading
$0
$0
Options Trading
No
$0
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
Yes (Webull Pay App)
Minimum Deposit$100 ($500 for IRAs, $5,000 for Trust Account)
$0
Mutual Fund Trading
No
No
Commission Free ETFsAll U.S. listed ETFs
Over 3,300 ETFs
Phone SupportMonday - Friday 9:30 am to 4 pm EST
24/7
Live Chat Support
No
None
Email Support
Yes
Yes (customerservices@webull.us)
Human Advisors
No
No
Robo Advisor 
Yes
Assets Under Management
$4.5 Billion
$15.7 Million
Penny Stocks 
Yes
Tax Loss HarvestingNo, but offers tax minimization features
No
Goal Tracker
No
No
Automatic Deposits
Yes
Yes
Broker Assisted Trades
Included
Not available
Good ForDIY investing with passive portfolio managementExperienced investors; 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 (4.7 stars, 296.2k ratings)
Android App
Yes (4.5 stars, 15.7k ratings)
Yes (4.3 stars, 188K ratings)
Banking 
No
Mobile App
Check
Yes
Desktop App 
Yes
Two-Factor Authentication
Yes
Mobile Only
Forex Trading 
No
Futures Trading 
No
Bond Trading 
No
CFD Trading 
No
Currency Trading 
No
Customer Service 
24/7 via phone and email
Locations
No
Online only
Online Community
No
Yes
Seminars
No
Yes
Trading Platform Desktop, Web Trading, Mobile Apps
Virtual Trading
No
Yes. Free paper trading account with unlimited fake money
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

 M1 FinanceWebull
Annual FeeStarStarStarStarStar
Minimum DepositStarStarStarStarStar
Mobile AppStarStarStarStarHalf StarStarStarStarStarHalf Star
Customer ServiceStarStarStarHalf StarEmpty Star
Ease of UseStarStarStarStarHalf StarStarStarStarEmpty StarEmpty Star
ResearchStarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarStarEmpty Star
Stock TradingStarStarStarStarEmpty Star
Options TradingStarStarStarStarHalf Star
Commissions and 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:
  • No trade fees
  • Advanced research tools
  • Extended trading hours
  • Offers fractional shares
Cons:
  • Not beginner friendly
Bottom LineCommission-free investing app that allows you to choose your own investments... Read full reviewGood free trading app for more experienced investors... Read full review
 Visit SiteVisit 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.

M1 Finance

Commission Free Stock Trading

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

Webull

20 Free Fractional Shares

Expires 7/31/2024

Open a new Webull individual brokerage account. Deposit $500 - $24,999 into the account during the promotional period to get 20 fractional shares, each valued between $3 - $3,000. Maintain your funds in the account for 30 days or more. Terms and conditions apply.

Webull

75 Free Fractional Shares

Expires 7/31/2024

Open a new Webull individual brokerage account. Deposit $25,000 or more into the account during the promotional period to get 75 fractional shares, each valued between $3 - $3,000. Maintain your funds in the account for 30 days or more. Terms and conditions apply.

Webull

Up to $100 Transfer Fee Reimbursement

Transfer fees of up to $100 will be reimbursed when you make an initial transfer of $2,000 or more.

Which is Better: M1 Finance or Webull?

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.

In short: M1 Finance's ease of use is notable. Webull's research is worth mentioning.


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 Webull

Webull Review

Webull offers $0 trades for stocks, ETFs, and options. But it's not perfect. Find out if Webull fits your investing needs.

Is Webull Safe

Webull is one of the most popular apps for investing. But is it safe? Keep reading to see how it protects your money.

Which Do You Think is Best?


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