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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.

 eToro
eToro USA LLC and eToro USA Securities Inc.
M1 Finance
 Visit SiteVisit Site
 

eToro

M1 Finance

OFFER
Deposit $100 and Get $10 from eToro USA LLC - Learn More

Read eToro Review

SPECIAL OFFER
Commission Free Stock Trading - Learn More

Read M1 Finance Review

 

Benefits and Features

Stock Trading
$0; 3,000+ stocks & ETFs
$0
Options Trading
$0
No
Annual Fee
None
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
Check
Yes
Minimum Deposit$100 ($200 to start copy trading)
$100
Mutual Fund Trading
No
No
Commission Free ETFs
Over 300 ETFs
All U.S. listed ETFs
Phone Support
None
Monday - Friday 9:30 am to 4 pm EST
Live Chat SupportOnline 24 hours,
Monday to Friday
No
Email Support
Yes
Yes
Human Advisors
No
No
Robo Advisor
No
 
Assets Under Management$7.5 Billion
(as of 09/30/2023)
$4.5 Billion
Tax Loss Harvesting
No
No, but offers tax minimization features
Goal Tracker
Yes
No
Automatic Deposits
Yes
Yes
Broker Assisted Trades
Not available
Included
Good For
Position traders
DIY investing with passive portfolio management
Inactivity Fee
$10/month
$50 (for accounts with $50 or less and no trading or deposit activity for 90+ days)
Maintenance Fee
$0
$3 monthly platform fee for accounts with less than $10,000 in M1 assets, or without an active M1 Personal Loan
Online Platform
Yes
Yes
iPhone App
Yes (4.3 stars, 2.3K ratings)
Yes (4.6 stars, 33.3k ratings)
Android App
Yes (4.0 stars, 133k ratings)
Yes (4.5 stars, 15.7k ratings)
Banking
No
 
Mobile App
Yes
Check
Two-Factor Authentication
SMS or phone call
Yes
Locations
No
No
Online Community
Yes
No
Seminars
Yes (eToro Academy)
No
Virtual TradingYes (eToro virtual account with $100,000 virtual funds)
No
Fractional Shares
Yes
Yes
Taxable Accounts
Yes
Yes
401k Plans
No
No
IRA Accounts
No
Yes
Roth IRA Accounts
No
Yes
SEP IRA Accounts
No
Yes
Trust Accounts
No
Yes
529 Plans
No
No
 

CreditDonkey® Reviews

 eToroM1 Finance
Cryptocurrency TradingStarStarStarHalf StarEmpty Star
Mobile AppStarStarStarHalf StarEmpty StarStarStarStarStarHalf Star
Commissions and FeesStarStarStarStarEmpty Star
Ease of UseStarStarStarHalf StarEmpty StarStarStarStarStarHalf Star
ResearchStarStarStarStarStarStarEmpty StarEmpty StarEmpty StarEmpty Star
SafetyStarStarStarStarEmpty Star
Annual FeeStarStarStarStarStar
Minimum DepositStarStarStarStarStar
Customer ServiceStarStarStarHalf StarEmpty Star
Pros & ConsPros:
  • Copy actions of top traders
  • Virtual practice account
Cons:
  • Slow customer service response time
Pros:
  • Choose your own investments
  • Can invest in individual stocks
  • Morning and afternoon trade windows
Cons:
  • No research
  • No human advisors
  • Platform fee
Bottom LineGood crypto exchange for learning, socializing and copy-trading... Read full reviewCommission-free investing app that allows you to choose your own investments... Read full review
 Visit SiteVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

eToro: eToro USA LLC; eToro is a multi-asset investment platform. The value of your investments may go up or down. Virtual currencies are highly volatile. Your capital is at risk.

M1 Finance: Pricing information from published website as of 12/26/2023.

eToro: eToro is a multi-asset investment platform. The value of your investments may go up or down. Virtual currencies are highly volatile. Your capital is at risk. Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more. Cryptocurrency is 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. eToro USA LLC does not offer CFDs and neither does it represent or assume any responsibility for the accuracy or completeness of the content of this publication, prepared by the Affiliate, as a partner, using information available and public and not specific to the eToro entity.

eToro
eToro USA LLC and eToro USA Securities Inc.

Deposit $100 and Get $10 from eToro USA LLC

Expires 12/31/2024
For a limited time, you can get $10 when you deposit $100 in your eToro account. Here's how:
  1. Sign up for an eToro account
  2. Deposit $100
You'll automatically receive $10 directly to your account balance. Offer only applies to US customers. eToro USA LLC and eToro USA Securities Inc.; Investing involves risk, including loss of principal; Not a recommendation
eToro
eToro USA LLC and eToro USA Securities Inc.

Buy $100 in Crypto and Get $10 Bonus from eToro USA LLC

For a limited time, you can get $10 when you invest in $100 worth of crypto on eToro. Here's how:

  1. Sign up for an eToro account
  2. Deposit funds
  3. Invest in $100 worth of crypto

You'll automatically receive $10 directly to your account balance. Offer only applies to US customers. eToro USA LLC and eToro USA Securities Inc.; Investing involves risk, including loss of principal; Not a recommendation

eToro
eToro USA LLC and eToro USA Securities Inc.

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.

M1 Finance

Commission Free Stock Trading

M1 Finance allows investors the choice of ETFs and stocks. M1 charges no management fees or commission.

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.


Articles on eToro

eToro Review

eToro is a stock and crypto exchange known for its CopyTrading feature. Find out if it's worth the fees and how it compares to other platforms.

eToro vs Interactive Brokers

eToro and Interactive Brokers (IBKR) are two popular platforms where you can invest your money. But which of the two is the right one for you?

How To Delete an eToro Account

Want to close your eToro account? How can you do it? What does it cost? Follow this step-by-step guide to delete your eToro account.

Best eToro Traders

You can copy experienced traders on eToro. But there are so many to choose from. Who are the best eToro traders to follow? Read the full review.

eToro Withdraw Guide

Trading on eToro, but not sure how to make withdrawals? Are there fees or restrictions? Read this eToro withdrawal guide to answer your questions.

How eToro Copy Works

You've probably heard of eToro's popular CopyTrader feature. But how does copying work on eToro? Read on to find out.

How eToro Makes Money

eToro is a popular mainstream platform for trading stocks, crypto, and more. But how does eToro make money? Keep reading to find out.

Buy Dogecoin with eToro

eToro is a mainstream platform for trading crypto and stocks. But how exactly do you buy Dogecoin with eToro? Keep reading to find out all you need to know.

How to Buy Bitcoin on eToro

Want to buy Bitcoin on eToro? Read this easy-to-follow guide to get started.

Is eToro Safe

eToro is a popular platform for trading stocks and cryptocurrency, known for its unique CopyTrading feature. But is it safe and legit? Read on to find out.

eToro Alternatives

eToro is a popular cryptocurrency trading app known for its CopyTrading feature. But it isn't right for everyone. Find your best eToro alternative here.

Is eToro Good for Beginners

eToro, a popular cryptocurrency trading platform, lets you mimic other traders with their CopyTrading feature. But is it good for beginners?

Articles on M1 Finance

M1 Finance Review

Is M1 Finance legitimate and safe? Find out the pros, cons, fees, and more. An essential read for beginners interested in M1 Finance.

Best M1 Finance Pie

M1 Finance is a commission-free investment app offering ready-made portfolios that are made up of "pies." What's the best M1 Finance Pie? Find out.

M1 Finance Alternatives

M1 Finance is a popular app for commission-free investing. But is there a better option for you? Find out in this detailed guide to M1 Finance alternatives.

Which Do You Think is Best?





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