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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.

 M1 FinanceTD Ameritrade
 Visit SiteVisit Site
 

M1 Finance

TD Ameritrade

SPECIAL OFFER
New Customers: Deposit $1,000 and Get $30 - Learn More

Read M1 Finance Review

OFFER
Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More

Read TD Ameritrade Review

 

Benefits and Features

Stock Trading
$0
$0 commission for online stock, ETF, and option trades
Options Trading
No
$0.65 per contract
Annual Fee
None
 
Cryptocurrency Trading
No
 
Minimum Deposit
$100
$0
Mutual Fund Trading
No
$0 for no-transaction-fee mutual funds
$49.99 for no-load mutual funds
$0 for load mutual funds
Commission Free ETFsAll U.S. listed ETFs
550+ Commission-Free ETFs
Phone SupportMonday - Friday 9:30 am to 4 pm EST 
Live Chat Support
No
 
Email Support
Yes
 
Human Advisors
No
 
Robo AdvisorHybrid; You choose your own investments and M1 trades & manages your portfolio for you 
Assets Under Management
$4.5 Billion
 
Penny Stocks 
Check
Tax Loss Harvesting
Offers tax-efficient investing
 
Goal Tracker
No
 
Automatic Deposits
Yes
 
Broker Assisted Trades
Included
$25
Customer Service 
(800) 669-3900 (Open 24/7)
Good ForDIY investing with passive portfolio management 
Inactivity Fee$20 (for accounts with less than $20 and no activity for 90+ days)
$0
Maintenance Fee
$0
$0
Online Platform
Yes
 
iPhone App
Yes (4.6 stars, 33.3k ratings)
 
Android App
Yes (4.5 stars, 15.7k ratings)
 
BankingAll 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
Check
Check
Desktop App 
Thinkorswim
Two-Factor Authentication
Yes
 
Forex Trading 
Check
Futures Trading $2.25 per contract (plus exchange & regulatory fees)
Locations
No
More than 100 locations in 34 states
Online Community
No
 
Seminars
No
Online webcast
Virtual Trading
No
Paper Trading to practice/test strategies and ideas.
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

 M1 FinanceTD Ameritrade
Annual FeeStarStarStarStarStar
Minimum DepositStarStarStarStarStar
Customer ServiceStarStarStarHalf StarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarStar
Ease of UseStarStarStarStarHalf StarStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarStarStar
Stock TradingStarStarStarHalf StarEmpty Star
Options TradingStarStarStarStarEmpty Star
BankingStarStarStarStarEmpty Star
Commissions and FeesStarStarStarHalf StarEmpty Star
Online CommunityStarStarStarEmpty StarEmpty Star
Trading PlatformStarStarStarStarStar
Pros & ConsPros:
  • Choose your own investments
  • Can invest in individual stocks
  • No account fees
Cons:
  • No research
  • No human advisors
  • Can only trade once a day
Pros:
  • Easy to Use
  • Thinkorswim Platform
  • Customer Service
Cons:
  • Trade Fees
Bottom LineNo-fee robo-advisor that allows you to choose your own investments... Read full reviewGood online broker for long-term investors... 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.

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.

M1 Finance

New Customers: Deposit $1,000 and Get $30

Expires 12/31/2021
  • Open a new M1 account.
  • Deposit $1,000 or more in your Invest account during your first 14 days.
  • Get a $30 bonus.
M1 Finance

Transfer Your Account and Earn Up to $2,500

Initiate your transfer of another brokerage account within 60 days of signing up for M1 to receive a bonus.

TransferBonus
$100,000 – $249,999.99$250
$250,000 – $499,999.99$500
$500,000 – $999,999.99$1,000
$1,000,000+$2,500

Payments for eligible transfers will be paid 90 days after the account transfer is received. Offer is valid for direct broker transfers received through the Automated Customer Account Transfer Service (ACATS) only. Offer is not valid with ACH deposits, wire transfers or direct 401k rollovers.

M1 Finance

Commission Free Stock Trading

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

TD Ameritrade

Commission-Free Trading - Online Stock, ETF and Option Trades

Applies to U.S. exchange-listed stocks, ETFs, and options. A $0.65 per contract fee applies for options trades, with no exercise or assignment fees.

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.

In short: TD Ameritrade's research is impressive.


Articles on M1 Finance

M1 Finance

M1 Finance lets you invest in stocks and ETFs without fees. But is it safe? Find out the pros and cons, and if it's legit.

Articles on TD Ameritrade

Ameritrade Review

TD Ameritrade fees are higher than competitors, but is it worth it? We say yes and here's why. We analyze and compare it for you in our in-depth review.

TD Ameritrade Customer Service

TD Ameritrade offers 24/7 customer service - both online and on the phone. But the best way to actually contact TD Ameritrade may surprise you. Read on.

Which Do You Think is Best?





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