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 is a self-directed investment platform offering commission-free trading of stocks, ETFs, and options. It has a $0 minimum deposit and offers full extended hours trading. It also has a paper trading feature which lets you trade with unlimited virtual money.
Compare M1 Finance with Webull, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Learn More | Visit Site | |
M1 Finance | Webull | |
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Commission Free Stock Trading - | Up to $100 Transfer Fee Reimbursement - | |
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. | |
Cryptocurrency Trading | ||
Minimum Deposit | $100 ($500 for IRAs, $5,000 for Trust Account) | |
Mutual Fund Trading | ||
Commission Free ETFs | All U.S. listed ETFs | |
Phone Support | Monday - Friday 9:30 am to 4 pm EST | |
Live Chat Support | ||
Email Support | Yes (customerservices@webull.us) | |
Human Advisors | ||
Robo Advisor | ||
Assets Under Management | ||
Penny Stocks | ||
Tax Loss Harvesting | No, but offers tax minimization features | |
Goal Tracker | ||
Automatic Deposits | ||
Broker Assisted Trades | ||
Good For | DIY investing with passive portfolio management | Experienced investors; Active traders |
Inactivity Fee | $50 (for accounts with $50 or less and no trading or deposit activity for 90+ days) | |
Maintenance Fee | $3 monthly platform fee for accounts with less than $10,000 in M1 assets, or without an active M1 Personal Loan | |
Online Platform | ||
iPhone App | Yes (4.7 stars, 296.2k ratings) | |
Android App | ||
Banking | ||
Mobile App | ||
Desktop App | ||
Two-Factor Authentication | ||
Forex Trading | ||
Futures Trading | ||
Bond Trading | ||
CFD Trading | ||
Currency Trading | ||
Customer Service | ||
Locations | ||
Online Community | ||
Seminars | ||
Trading Platform | Desktop, Web Trading, Mobile Apps | |
Virtual Trading | Yes. Free paper trading account with unlimited fake money | |
Fractional Shares | ||
Taxable Accounts | ||
401k Plans | ||
IRA Accounts | ||
Roth IRA Accounts | ||
SEP IRA Accounts | ||
Trust Accounts | ||
529 Plans | ||
CreditDonkey® Reviews | ||
Annual Fee | ||
Minimum Deposit | ||
Mobile App | ||
Customer Service | ||
Ease of Use | ||
Research | ||
Stock Trading | ||
Options Trading | ||
Commissions and Fees | ||
Pros & Cons | Pros:
| Pros:
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Bottom Line | Commission-free investing app that allows you to choose your own investments... | Good free trading app for more experienced investors... |
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. |
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.
Free 1-Month Access to Level 2 Quotes (Nasdaq TotalView)
New customers get a 1-month free subscription to Level 2 Quotes after completing registration.
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.