M1 Finance vs TD Ameritrade
M1 Finance is a no-fee robo-advisor that allows you to choose your own investments.. How does it compare to TD Ameritrade? 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 TD Ameritrade offers $0 commission online stock, ETF, and option trades. This online broker also has more than 100 branch locations. There is no minimum deposit, no maintenance fee, and no inactivity fee.
Compare M1 Finance with TD Ameritrade, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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M1 Finance | TD Ameritrade | |
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New Customers: Deposit $1,000 and Get $30 - | Commission-Free Trading - Online Stock, ETF and Option Trades - | |
Benefits and Features | ||
Stock Trading | $0 commission for online stock, ETF, and option trades | |
Options Trading | ||
Annual Fee | ||
Minimum Deposit | ||
Mutual Fund Trading | $0 for no-transaction-fee mutual funds $49.99 for no-load mutual funds $0 for load mutual 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 | ||
Robo Advisor | ![]() | |
Assets Under Management | ||
Penny Stocks | ![]() | |
Tax Loss Harvesting | ||
Goal Tracker | ||
Automatic Deposits | ||
Broker Assisted Trades | ||
Customer Service | ||
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 | ||
Online Platform | ||
iPhone App | ||
Android App | ||
Banking | All users can open a M1 Spend account with free debit card. No monthly service fees and no balance requirements. | Cash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing. |
Mobile App | ![]() | |
Desktop App | ||
Forex Trading | ![]() | |
Futures Trading | $2.25 per contract (plus exchange & regulatory fees) | |
Locations | More than 100 locations in 34 states | |
Online Community | ||
Seminars | ||
Virtual Trading | Paper Trading to practice/test strategies and ideas. | |
Fractional Shares | ||
Taxable Accounts | ||
401k Plans | ||
IRA Accounts | ||
Roth IRA Accounts | ||
SEP IRA Accounts | ||
Trust Accounts | ||
529 Plans | ||
CreditDonkey® Reviews | ||
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Stock Trading | ![]() ![]() ![]() ![]() ![]() | |
Options Trading | ![]() ![]() ![]() ![]() ![]() | |
Banking | ![]() ![]() ![]() ![]() ![]() | |
Mobile App | ![]() ![]() ![]() ![]() ![]() | |
Commissions and Fees | ![]() ![]() ![]() ![]() ![]() | |
Ease of Use | ![]() ![]() ![]() ![]() ![]() | |
Online Community | ![]() ![]() ![]() ![]() ![]() | |
Research | ![]() ![]() ![]() ![]() ![]() | |
Trading Platform | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
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Bottom Line | No-fee robo-advisor that allows you to choose your own investments... | Good online broker for long-term investors... |
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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 TD Ameritrade: Pricing information from published website as of 07/18/2019. TD Ameritrade: TD Ameritrade has not influenced the content of CreditDonkey. CreditDonkey may earn compensation for accounts opened at TD Ameritrade. |
Which is Better: M1 Finance or TD Ameritrade?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing M1 Finance or Ally Invest.