M1 Finance vs Ally Invest

M1 Finance is a no-fee robo-advisor that allows you to choose your own investments.. How does it compare to Ally Invest? Read our comparison chart below.

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.

While 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.

Compare M1 Finance with Ally Invest, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	M1 Finance	Ally Invest


	SPECIAL OFFER Transfer Your Account and Earn Up to $2,500 - Learn More Read M1 Finance Review	SPECIAL OFFER Get Up to $3,500 - Learn More Read Ally Invest Review
	Benefits and Features
Stock Trading	$0	$0 per trade
Options Trading		$0 base + $0.50 per contract
Annual Fee	None
Minimum Deposit	$100	$0
Mutual Fund Trading	No	$0 to buy/sell load mutual funds $9.95 to buy/sell no load mutual funds
Commission Free ETFs	All U.S. listed 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	Included	$20 + Regular Commission
Customer Service		(855) 880-2559
Good For	DIY investing with passive portfolio management
Inactivity Fee	$20 (for accounts with less than $20 and no activity for 90+ days)
Maintenance Fee	$0
Online Platform	Yes
iPhone App	Yes (4.6 stars, 25.4k ratings)
Android App	Yes (4.2 stars, 12.5k ratings)
Banking	All users can open a M1 Spend account with free debit card. No monthly service fees and no balance requirements.	Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
Mobile App
Forex Trading
Locations	No
Online Community	No
Seminars	No
Virtual Trading	No
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

Annual Fee
Minimum Deposit
Customer Service
Stock Trading
Options Trading
Banking
Mobile App
Commissions and Fees
Ease of Use
Online Community
Research
Trading Platform
Pros & Cons	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	Pros: Low commission for stock trades No account minimums Ally platform Cons: No physical locations
Bottom Line	No-fee robo-advisor that allows you to choose your own investments... Read full review	Good low-price discount stock broker for savvy investors... Read full review

	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+	Get Up to $3,500 Commission-Free Stock Trades Get Up to $3,500 Cash Bonus
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. M1 Finance: Pricing information from published website as of 02/28/2020 Ally Invest: Pricing information from published website as of 07/18/2019.

Which is Better: M1 Finance or Ally Invest?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing M1 Finance or Betterment.

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