Ally Invest vs M1 Finance

Ally Invest is a good low-price discount stock broker for savvy investors. How does it compare to M1 Finance? Read our comparison chart below.

Ally Invest (formerly TradeKing) offers stock trades at $0 per trade and options trading at $0 + $0.50 per contract. There is no minimum deposit.

While M1 Finance offers free automated investing with no commissions or account 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 Ally Invest with M1 Finance, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Ally Invest	M1 Finance

	Learn More	Visit Site
	SPECIAL OFFER Commission-Free Stock Trades - Learn More Read Ally Invest Review	SPECIAL OFFER M1 Investment Account - Up to $500 Bonus - Learn More Read M1 Finance Review
	Benefits and Features
Stock Trading	$0 per trade	$0
Options Trading	$0 base + $0.50 per contract	No
Annual Fee		None
Cryptocurrency Trading		Yes
Minimum Deposit	$0	$100
Mutual Fund Trading	$0 to buy/sell load mutual funds $0 to buy/sell no load mutual funds	No
Commission Free ETFs	500+	All U.S. listed ETFs
Phone Support		Monday - Friday 9:30 am to 4 pm EST
Live Chat Support		No
Email Support		Yes
Human Advisors		No
Assets Under Management		$4.5 Billion
Penny Stocks	$0.01 per share on the entire order for stocks priced less than $2.00.
Tax Loss Harvesting		No, but offers tax minimization features
Goal Tracker		No
Automatic Deposits		Yes
Broker Assisted Trades	$20 + Regular Commission	Included
Good For		DIY investing with passive portfolio management
Inactivity Fee		$50 (for accounts with less than $50 and no activity for 90+ days)
Maintenance Fee		$0
Online Platform		Yes
iPhone App		Yes (4.6 stars, 33.3k ratings)
Android App		Yes (4.5 stars, 15.7k ratings)
Banking	Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.	All users can open a M1 Spend account with free debit card. No monthly service fees and no balance requirements.
Mobile App
Two-Factor Authentication		Yes
Forex Trading
Customer Service	(855) 880-2559
Locations		No
Online Community		No
Seminars		No
Virtual Trading		No
Fractional Shares		Yes
Taxable Accounts		Yes
401k Plans		No
IRA Accounts		Yes
Roth IRA Accounts		Yes
SEP IRA Accounts		Yes
Trust Accounts		Yes
529 Plans		No
	CreditDonkey® Reviews

Stock Trading
Options Trading
Mutual Fund Trading
Banking
Mobile App
Commissions and Fees
Ease of Use
Online Community
Research
Trading Platform
Annual Fee
Minimum Deposit
Customer Service
Pros & Cons	Pros: Low commission for stock trades No account minimums Ally platform Cons: No physical locations	Pros: Choose your own investments Can invest in individual stocks No account fees Cons: No research No human advisors Can only trade once a day
Bottom Line	Good low-price discount stock broker for savvy investors... Read full review	No-fee investing app that allows you to choose your own investments... Read full review
	Learn More	Visit Site
	Commission-Free Stock Trades Open an Ally Invest account Automated Investing to Help Save Your Time	M1 Investment Account - Up to $500 Bonus Commission Free Stock Trading Get M1 Plus Free for First 3 Months
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Ally Invest: Pricing information from published website as of 04/01/2021. M1 Finance: Pricing information from published website as of 12/26/2023.

M1 Investment Account - Up to $500 Bonus

Open a new M1 investment account. Deposit $10,000 or more into the account within 14 calendar days of account opening. Promotional credit will depend on the deposited value made into the account.

Deposited Value	Promotional Credit
$10,000 - $29,999.99	$75
$30,000 - $49,999.99	$150
$50,000 - $99,999.99	$250
$100,000+	$500

This offer is only for customers who have never registered for an M1 user account.

Get Deal

Expires 12/31/2024

Commission Free Stock Trading

Start Investing

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

Get M1 Plus Free for First 3 Months

New M1 customers get M1 Plus for free on their first 3 months, then it's just $3 a month.

M1 Plus is a paid membership that confers benefits for products and services offered by M1 Finance LLC, M1 Spend LLC and M1 Digital LLC, each a separate, affiliated, and wholly-owned operating subsidiary of M1 Holdings Inc. "M1" refers to M1 Holdings Inc., and its affiliates.

*Your free trial (a $9 value) begins the date you enroll in the M1 Plus subscription, and ends 3 months after (“Free Trial”). Upon expiry of the Free Trial, your account is automatically billed a monthly subscription fee of $3 unless you elect annual billing of $36 or cancel your subscription under your Membership details in the M1 Platform. We'll remind you when your renewal date is approaching.

Get Deal

Which is Better: Ally Invest or M1 Finance?

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

In short: Ally Invest's research is noteworthy. M1 Finance's mobile app is notable.

Articles on Ally Invest

Ally Invest Review

Ally Invest offers free trades for stocks and ETFs. But is it good? Find out how it compares to other online brokers.

Is Ally Invest Good For Beginners

Ally Invest is a popular fee-free online brokerage. Is it good for beginners? Read on.

Ally Invest Roth IRA

Ally Invest's Roth IRA account has no annual fee and no commission trades. Is it right for your retirement funds? Read on to learn how Ally Invest Roth IRA accounts work.

Ally Invest Login

Ally Invest offers good customer service and online login access. The best way to connect with Ally Invest customer service may surprise you. Read on.