M1 Finance vs Robinhood

M1 Finance is a no-fee investing app that allows you to choose your own investments. How does it compare to Robinhood? Read our comparison chart below.

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.

While Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month.

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

	M1 Finance	Robinhood

	Visit Site	Visit Site
	SPECIAL OFFER M1 Investment Account - Up to $500 Bonus - Learn More Read M1 Finance Review	OFFER Get a Free Stock (worth between $5 and $200) - Learn More Read Robinhood Review
	Benefits and Features
Stock Trading	$0	$0
Options Trading	No	$0
Annual Fee	None	None
Cryptocurrency Trading	Yes	$0
Minimum Deposit	$100	$0
Mutual Fund Trading	No	No
Commission Free ETFs	All U.S. listed ETFs	All U.S. listed ETFs
Phone Support	Monday - Friday 9:30 am to 4 pm EST	650-761-7789 (available 24/7)
Live Chat Support	No	Available 24/7 (requires sign in)
Email Support	Yes	Yes
Human Advisors	No	No
Robo Advisor		No
Assets Under Management	$4.5 Billion	$102 Billion
Penny Stocks		Yes
Tax Loss Harvesting	No, but offers tax minimization features	No
Goal Tracker	No	No
Automatic Deposits	Yes	Yes
Broker Assisted Trades	Included	Not available
Good For	DIY investing with passive portfolio management	Beginners; Active traders
Inactivity Fee	$50 (for accounts with less than $50 and no activity for 90+ days)	$0
Maintenance Fee	$0	$0
Online Platform	Yes	Yes
iPhone App	Yes (4.6 stars, 33.3k ratings)	Yes (4.2 stars, 4.3M ratings)
Android App	Yes (4.5 stars, 15.7k ratings)	Yes (4.1 stars, 483k ratings)
Banking	All users can open a M1 Spend account with free debit card. No monthly service fees and no balance requirements.	Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank
Mobile App		Yes
Desktop App		None
Two-Factor Authentication	Yes	Device approvals, Authenticator app, SMS
Forex Trading		No
Futures Trading		No
Bond Trading		No
CFD Trading		No
Currency Trading		No
Customer Service		Live Chat (24 hours via Robinhood app) Phone: 650-761-7789 (available 24/7) Email: support@robinhood.com
Locations	No	No
Online Community	No	No
Seminars	No	Yes
Trading Platform		Web Trading, Mobile Apps
Virtual Trading	No	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	Yes	No
Trust Accounts	Yes	No
529 Plans	No	No
	CreditDonkey® Reviews

Annual Fee
Minimum Deposit
Mobile App
Customer Service
Ease of Use
Research
Stock Trading
Options Trading
Commissions and Fees
Pros & Cons	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	Pros: Commission-free trades No minimum Extended trading hours Cons: Limited research No mutual funds & bonds
Bottom Line	No-fee investing app that allows you to choose your own investments... Read full review	Free way to trade stocks with limited bells and whistles... Read full review
	Visit Site	Visit Site
	M1 Investment Account - Up to $500 Bonus Commission Free Stock Trading Get M1 Plus Free for First 3 Months	Get a Free Stock (worth between $5 and $200) Buy and Sell Cryptocurrency Commission-Free Trades
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. Robinhood: Pricing information from published websites as of 04/18/2020.

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

Get a Free Stock (worth between $5 and $200)

Get a Free Stock

Buy and Sell Cryptocurrency

Robinhood Crypto offers commission-free cryptocurrency investments 24/7. Some of the cryptocurrencies available are Bitcoin, Dogecoin, Ethereum, and Litecoin. This offer is currently available to selected states.

Get Deal

Commission-Free Trades

Get Deal

Trade stocks, funds, options, and cryptocurrencies

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