E*TRADE vs M1 Finance
E*TRADE is an online broker with one of the best user interfaces. How does it compare to M1 Finance? Read our comparison chart below.
E*TRADE offers stock trades at $0 per trade. There is a $500 minimum deposit, no maintenance fee and no inactivity fee.
While M1 Finance offers free automated investing with no commissions or account 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 E*TRADE with M1 Finance, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
 | ||
| Learn More | Visit Site | |
E*TRADE | M1 Finance | |
|---|---|---|
Learn more about E*TRADE - | M1 Investment Account - Up to $500 Bonus - | |
Benefits and Features | ||
| Stock Trading | ||
| Options Trading |
| |
| Annual Fee | ||
| Cryptocurrency Trading | ||
| Minimum Deposit | $0 for self-directed brokerage accounts; Managed portfolios start at $500 minimum | |
| Mutual Fund Trading | $0 for no-load, no-transaction-fee funds; $19.99 for transaction-fee funds | |
| Commission Free ETFs | All U.S. listed ETFs | |
| Phone Support | Monday - Friday 9:30 am to 4 pm EST | |
| Live Chat Support | ||
| Email Support | ||
| Human Advisors | ||
| Assets Under Management | ||
| Penny Stocks |  | |
| 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 less than $50 and no activity for 90+ days) | |
| Maintenance Fee | ||
| Online Platform | ||
| iPhone App | ||
| Android App | ||
| Banking | Checking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions. | All users can open a M1 Spend account with free debit card. No monthly service fees and no balance requirements. |
| Mobile App | | |
| Desktop App | E*TRADE Pro (requires you to execute at least 30 trades during a calendar quarter or maintain brokerage account balance of at least $250,000) | |
| Two-Factor Authentication | ||
| Futures Trading | $1.50 per contract, per side + fees (excluding bitcoin futures) | |
| Customer Service | ||
| Locations | ||
| Online Community | ||
| Seminars | ||
| Virtual Trading | ||
| Fractional Shares | ||
| Taxable Accounts | ||
| 401k Plans | ||
| IRA Accounts | ||
| Roth IRA Accounts | ||
| SEP IRA Accounts | ||
| Trust Accounts | ||
| 529 Plans | ||
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:
| Pros:
|
| Bottom Line | Online broker with one of the best user interfaces... | No-fee investing app that allows you to choose your own investments... |
| Learn More | Visit Site | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. E*TRADE: Pricing information from published website as of 01/04/2024. M1 Finance: Pricing information from published website as of 12/26/2023. | ||
M1 Investment Account - Up to $500 Bonus
Open a new M1 investment account. Deposit $10,000 or more into the account within 14 calendar days of account opening. Promotional credit will depend on the deposited value made into the account.
| Deposited Value | Promotional Credit |
|---|---|
| $10,000 - $29,999.99 | $75 |
| $30,000 - $49,999.99 | $150 |
| $50,000 - $99,999.99 | $250 |
| $100,000+ | $500 |
This offer is only for customers who have never registered for an M1 user account.
Commission Free Stock Trading
M1 Finance allows investors the choice of ETFs and stocks. M1 charges no management fees or commission.
Get M1 Plus Free for First 3 Months
New M1 customers get M1 Plus for free on their first 3 months, then it's just $3 a month.
M1 Plus is a paid membership that confers benefits for products and services offered by M1 Finance LLC, M1 Spend LLC and M1 Digital LLC, each a separate, affiliated, and wholly-owned operating subsidiary of M1 Holdings Inc. "M1" refers to M1 Holdings Inc., and its affiliates.
*Your free trial (a $9 value) begins the date you enroll in the M1 Plus subscription, and ends 3 months after (“Free Trial”). Upon expiry of the Free Trial, your account is automatically billed a monthly subscription fee of $3 unless you elect annual billing of $36 or cancel your subscription under your Membership details in the M1 Platform. We'll remind you when your renewal date is approaching.
Which is Better: E*TRADE or M1 Finance?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing E*TRADE or Robinhood.
In short: E*TRADE's research is notable.
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