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. 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.
Compare Ally Invest with M1 Finance, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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Ally Invest | M1 Finance | |
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Get Up to $3,500 - | Transfer Your Account and Earn Up to $2,500 - | |
Benefits and Features | ||
Stock Trading | ||
Options Trading | ||
Annual Fee | ||
Minimum Deposit | ||
Mutual Fund Trading | $0 to buy/sell load mutual funds $9.95 to buy/sell no load mutual funds | |
Commission Free ETFs | ||
Phone Support | Monday - Friday 9:30 am to 4 pm EST | |
Live Chat Support | ||
Email Support | ||
Human Advisors | ||
Robo Advisor | ![]() | |
Assets Under Management | ||
Penny Stocks | $0.01 per share on the entire order for stocks priced less than $2.00. | |
Tax Loss Harvesting | ||
Goal Tracker | ||
Automatic Deposits | ||
Broker Assisted Trades | ||
Customer Service | ||
Good For | DIY investing with passive portfolio management | |
Online Platform | ||
iPhone App | ||
Android App | ||
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 | ![]() | |
Forex Trading | ![]() | |
Fractional Shares | ||
Taxable Accounts | ||
401k Plans | ||
IRA Accounts | ||
Roth IRA Accounts | ||
SEP IRA Accounts | ||
Trust Accounts | ||
529 Plans | ||
CreditDonkey® Reviews | ||
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Stock Trading | ![]() ![]() ![]() ![]() ![]() | |
Options Trading | ![]() ![]() ![]() ![]() ![]() | |
Banking | ![]() ![]() ![]() ![]() ![]() | |
Mobile App | ![]() ![]() ![]() ![]() ![]() | |
Commissions and Fees | ![]() ![]() ![]() ![]() ![]() | |
Ease of Use | ![]() ![]() ![]() ![]() ![]() | |
Online Community | ![]() ![]() ![]() ![]() ![]() | |
Research | ![]() ![]() ![]() ![]() ![]() | |
Trading Platform | ![]() ![]() ![]() ![]() ![]() | |
Annual Fee | ![]() ![]() ![]() ![]() ![]() | |
Minimum Deposit | ![]() ![]() ![]() ![]() ![]() | |
Customer Service | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
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Bottom Line | Good low-price discount stock broker for savvy investors... | No-fee robo-advisor that allows you to choose your own investments... |
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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 07/18/2019. M1 Finance: Pricing information from published website as of 02/28/2020 |
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 Betterment.
Articles on Ally Invest
Ally Invest Review
Ally Invest Fees
Ally Invest Roth IRA
Ally Invest Login
Articles on M1 Finance
M1 Finance Reviews
Which Do You Think is Best?
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