Save money and be informed. CreditDonkey is a personal finance comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

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.

 Webull
 Learn MoreVisit Site
 

M1 Finance

Webull

SPECIAL OFFER
Commission Free Stock Trading - Learn More

Read M1 Finance Review

SPECIAL OFFER
Up to $100 Transfer Fee Reimbursement - 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
Web Trading, Mobile Apps
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

 Webull
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
 Learn MoreVisit 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.

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.

Webull

Free 1-Month Access to Level 2 Quotes (Nasdaq TotalView)

Expires 12/31/2024

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.


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?


You Might Also Like

Best Stock Buying Apps

Best Stock Buying Apps

The best investment apps let you trade stocks on the go, right from your phone. But which one is the best for you? Read on to find out.
How to Buy Robinhood Stock

How to Buy Robinhood Stock

Looking to buy Robinhood stock and learn about all its benefits and risks? Here's all you need to know.
M1 Finance vs Robinhood vs Webull

M1 Finance vs Robinhood vs Webull

M1 Finance, Robinhood, and Webull are the three most popular no-fee investment apps. Find out which fits your needs best.
How to Invest in Stocks as a Teenager

How to Invest in Stocks as a Teenager

Investing isn't just for adults anymore. But how exactly do you go about investing when you're still in school? Find out in this detailed guide.
How to Get Free Stocks

How to Get Free Stocks

Discover 15+ platforms offering free stocks and bonuses - a fortune isn't essential.
Best Stock Tracking App

Best Stock Tracking App

Searching for an easy way to keep up on the latest stock market trends as well as the state of your own portfolio?
Best Investment Accounts

Best Investment Accounts

Looking to open an investment account? In this list, review the best investment accounts to choose from and how to pick the right one for you.
How to Invest in Index Funds

How to Invest in Index Funds

Index funds are a low-cost and passive way to invest. If you're afraid of picking the wrong investments, learn how index funds may be a safer option.
Best Money Making Apps to Make Extra Money

Best Money Making Apps to Make Extra Money

Need to make money fast? Read this list to find out which apps actually work (and pay the most).
Best Investment Apps

Best Investment Apps

There are a ton of investing apps to help you get started. But which ones will fit your investing style? Read on to find out.

Next Page:

About CreditDonkey
CreditDonkey is a personal finance comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2024 CreditDonkey Inc. All Rights Reserved.