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M1 Finance vs Robinhood

M1 Finance is a no-fee robo-advisor that allows you to choose your own investments. Good for investors who want a say.. How does it compare to Robinhood? Read our comparison chart below.

M1 Finance offers free automated investing with no commissions or account fees. Unlike other robo-advisors, 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 $6/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

 

Benefits and Features

Stock Trading 
$0
Annual Fee
None
 
Minimum Deposit
$100
$0
Commission Free ETFs all U.S. listed ETFs
Phone Support
Yes - normal business hours
 
Live Chat Support
No
 
Email Support
Yes
 
Human Advisors
No
 
Assets Under Management
$100 Millon
 
Tax Loss Harvesting
Offers tax-efficient investing
 
Goal Tracker
No
 
Automatic Deposits
Yes
 
Broker Assisted Trades 
$10
Customer Service 
Monday-Friday 9am - 6pm ET
Inactivity Fee 
$0
Maintenance Fee 
$0
Online Platform
Yes
 
iPhone App
Yes
 
Android App
Yes
 
Banking 
No
Mobile App 
Yes
Desktop App 
Yes
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

Annual Fee
Minimum Deposit
Customer Service
Stock Trading
Options Trading
Mobile App
Commissions and Fees
Ease of Use
Research
Pros & ConsPros:
  • Choose your own investments
  • Can invest in individual stocks
  • No account fees
Cons:
  • Not beginner friendly
  • No human advisors
  • Can only trade once a day
Pros:
  • Commission-free stock trading on a mobile platform
  • No minimum investment required
Cons:
  • No retirement accounts
  • Limited research
  • No bond trading
  • No mutual fund trading
Bottom LineNo-fee robo-advisor that allows you to choose your own investments. Good for investors who want a say... Read full reviewFree option to trade stocks with limited bells and whistles for investors... Read full review

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 06/14/2018

Robinhood: Pricing information from published websites as of 4/24/2018

Which is Better: M1 Finance or Robinhood?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing M1 Finance or Ally Invest.


Explore M1 Finance In-Depth

    M1 Finance

    If a robo-advisor feels too rigid for you because you are stuck with their chosen portfolios, M1 Finance is out to change your mind. Combining the benefits of automation with the ability to choose your own investments, M1 Finance might be onto something.

Explore Robinhood In-Depth


Which Do You Think is Best?


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About CreditDonkey®
CreditDonkey is a stock broker comparison website. We publish data-driven analysis to help you save money & make savvy financial 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.

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