eToro vs M1 Finance
eToro is a good crypto exchange for learning, socializing and copy-trading. How does it compare to M1 Finance? Read our comparison chart below.
eToro is a social crypto trading platform known for its popular CopyTrading feature. They support a fair range of cryptocurrencies with staking rewards on a few coins. Their fees are moderate compared to other exchanges.
While M1 Finance offers automated investing with no commissions or trading 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 eToro with M1 Finance, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Visit Site | Learn More | |
eToro | M1 Finance | |
---|---|---|
Deposit $100 and Get $10 from eToro USA LLC - | Commission Free Stock Trading - | |
Benefits and Features | ||
Stock Trading | ||
Options Trading | ||
Annual Fee | A $3 monthly platform fee will apply to clients with less than $10,000 in M1 assets or without an active M1 Personal Loan. | |
Cryptocurrency Trading | ||
Minimum Deposit | $100 ($200 to start copy trading) | $100 ($500 for IRAs, $5,000 for Trust Account) |
Mutual Fund Trading | ||
Commission Free ETFs | All U.S. listed ETFs | |
Phone Support | Monday - Friday 9:30 am to 4 pm EST | |
Live Chat Support | Online 24 hours, Monday to Friday | |
Email Support | ||
Human Advisors | ||
Robo Advisor | ||
Assets Under Management | $7.5 Billion (as of 09/30/2023) | |
Tax Loss Harvesting | No, but offers tax minimization features | |
Goal Tracker | ||
Automatic Deposits | ||
Broker Assisted Trades | ||
Good For | DIY investing with passive portfolio management | |
Inactivity Fee | $50 (for accounts with $50 or less and no trading or deposit activity for 90+ days) | |
Maintenance Fee | $3 monthly platform fee for accounts with less than $10,000 in M1 assets, or without an active M1 Personal Loan | |
Online Platform | ||
iPhone App | ||
Android App | ||
Banking | ||
Mobile App | ||
Two-Factor Authentication | ||
Locations | ||
Online Community | ||
Seminars | ||
Trading Platform | ||
Virtual Trading | Yes (eToro virtual account with $100,000 virtual funds) | |
Fractional Shares | ||
Taxable Accounts | ||
401k Plans | ||
IRA Accounts | ||
Roth IRA Accounts | ||
SEP IRA Accounts | ||
Trust Accounts | ||
529 Plans | ||
CreditDonkey® Reviews | ||
Cryptocurrency Trading | ||
Mobile App | ||
Commissions and Fees | ||
Ease of Use | ||
Research | ||
Safety | ||
Annual Fee | ||
Minimum Deposit | ||
Customer Service | ||
Pros & Cons | Pros:
| Pros:
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Bottom Line | Good crypto exchange for learning, socializing and copy-trading... | Commission-free investing app that allows you to choose your own investments... |
Visit Site | Learn More | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. eToro: Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. CreditDonkey Inc may be compensated if you access certain products or services offered by the MSB and/or the BD. M1 Finance: Pricing information from published website as of 12/26/2023. eToro: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. |
Deposit $100 and Get $10 from eToro USA LLC
- Sign up for an eToro account
- Deposit $100
Buy $100 in Crypto and Get $10 Bonus from eToro USA LLC
- Sign up for an eToro account
- Deposit funds
- Invest in $100 worth of crypto
You'll automatically receive $10 directly to your account balance. Offer only applies to US customers. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.
Get $100,000 Virtual Portfolio to Experiment
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Which is Better: eToro or M1 Finance?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing eToro or Robinhood.
In short: eToro's research is impressive. M1 Finance's mobile app and ease of use are notable.