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.

	Ally Invest	M1 Finance


	SPECIAL OFFER Get Up to $3,500 - Learn More Read Ally Invest Review	SPECIAL OFFER Transfer Your Account and Earn Up to $2,500 - Learn More Read M1 Finance Review
	Benefits and Features
Stock Trading	$0 per trade	$0
Options Trading	$0 base + $0.50 per contract
Annual Fee		None
Minimum Deposit	$0	$100
Mutual Fund Trading	$0 to buy/sell load mutual funds $9.95 to buy/sell no load mutual funds
Commission Free ETFs	500+
Phone Support		Monday - Friday 9:30 am to 4 pm EST
Live Chat Support		No
Email Support		Yes
Human Advisors		No
Robo Advisor
Assets Under Management		$1 Billion
Penny Stocks	$0.01 per share on the entire order for stocks priced less than $2.00.
Tax Loss Harvesting		Offers tax-efficient investing
Goal Tracker		No
Automatic Deposits		Yes
Broker Assisted Trades	$20 + Regular Commission
Customer Service	(855) 880-2559
Good For		DIY investing with passive portfolio management
Online Platform		Yes
iPhone App		Yes
Android App		Yes
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		Yes
Forex Trading
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
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: Not beginner friendly 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 robo-advisor that allows you to choose your own investments... Read full review

	Get Up to $3,500 Commission-Free Stock Trades Get Up to $3,500 Cash Bonus	Transfer Your Account and Earn Up to $2,500 Commission Free Stock Trading Get $2,500 When You Transfer an Account of $1,000,001+
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.