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Webull vs M1 Finance

Webull is a good free trading app for more experienced investors. How does it compare to M1 Finance? Read our comparison chart below.

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.

While 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.

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

Tip: Check out the latest Webull promotion.

 Webull
 Visit SiteLearn More
 

Webull

M1 Finance

SPECIAL OFFER
20 Free Fractional Shares - Learn More

Read Webull Review

SPECIAL OFFER
Commission Free Stock Trading - Learn More

Read M1 Finance Review

 

Benefits and Features

Stock Trading
$0
$0
Options Trading
$0
No
Annual Fee
None
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
Yes (Webull Pay App)
Yes
Minimum Deposit
$0
$100 ($500 for IRAs, $5,000 for Trust Account)
Mutual Fund Trading
No
No
Commission Free ETFs
Over 3,300 ETFs
All U.S. listed ETFs
Phone Support
24/7
Monday - Friday 9:30 am to 4 pm EST
Live Chat Support
None
No
Email SupportYes (customerservices@webull.us)
Yes
Human Advisors
No
No
Robo Advisor
Yes
 
Assets Under Management
$15.7 Million
$4.5 Billion
Penny Stocks
Yes
 
Tax Loss Harvesting
No
No, but offers tax minimization features
Goal Tracker
No
No
Automatic Deposits
Yes
Yes
Broker Assisted Trades
Not available
Included
Good ForExperienced investors; Active tradersDIY investing with passive portfolio management
Inactivity Fee
$0
$50 (for accounts with $50 or less and no trading or deposit activity for 90+ days)
Maintenance Fee
$0
$3 monthly platform fee for accounts with less than $10,000 in M1 assets, or without an active M1 Personal Loan
Online Platform
Yes
Yes
iPhone AppYes (4.7 stars, 296.2k ratings)
Yes (4.6 stars, 33.3k ratings)
Android App
Yes (4.3 stars, 188K ratings)
Yes (4.5 stars, 15.7k ratings)
Banking
No
 
Mobile App
Yes
Check
Desktop App
Yes
 
Two-Factor Authentication
Mobile Only
Yes
Forex Trading
No
 
Futures Trading
No
 
Bond Trading
No
 
CFD Trading
No
 
Currency Trading
No
 
Customer Service
24/7 via phone and email
 
Locations
Online only
No
Online Community
Yes
No
Seminars
Yes
No
Trading PlatformDesktop, Web Trading, Mobile Apps 
Virtual TradingYes. Free paper trading account with unlimited fake money
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
No
Yes
Trust Accounts
No
Yes
529 Plans
No
No
 

CreditDonkey® Reviews

 Webull
Stock TradingStarStarStarStarEmpty Star
Options TradingStarStarStarStarHalf Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarHalf Star
Commissions and FeesStarStarStarStarStar
Ease of UseStarStarStarEmpty StarEmpty StarStarStarStarStarHalf Star
ResearchStarStarStarStarEmpty StarStarEmpty StarEmpty StarEmpty StarEmpty Star
Annual FeeStarStarStarStarStar
Minimum DepositStarStarStarStarStar
Customer ServiceStarStarStarHalf StarEmpty Star
Pros & ConsPros:
  • No trade fees
  • Advanced research tools
  • Extended trading hours
  • Offers fractional shares
Cons:
  • Not beginner friendly
Pros:
  • Choose your own investments
  • Can invest in individual stocks
  • Morning and afternoon trade windows
Cons:
  • No research
  • No human advisors
  • Platform fee
Bottom LineGood free trading app for more experienced investors... Read full reviewCommission-free investing app that allows you to choose your own investments... Read full review
 Visit SiteLearn More

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

20 Free Fractional Shares

Expires in 14 hours

Open a new Webull individual brokerage account. Make a single initial deposit of $500 - $1,999.99 during the promotional period to get 20 fractional shares, each valued between $3 - $3,000. Maintain a balance of $500 - $1,999.99 in the account for 30 days or more. Terms and conditions apply.

Webull

40 Free Fractional Shares

Expires in 14 hours

Open a new Webull individual brokerage account. Make a single initial deposit of $2,000 or more during the promotional period to get 40 fractional shares, each valued between $3 - $3,000. Maintain a balance of at least $2,000 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: Webull or M1 Finance?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Webull or Robinhood.

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


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.

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.

Which Do You Think is Best?


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