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 Finance	TD Ameritrade


	SPECIAL OFFER Commission Free Stock Trading - 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	Up to $49.95 or $74.95 for buys. $0 for sells
Commission Free ETFs	All U.S. listed ETFs	550+ Commission-Free ETFs
Phone Support	Monday - Friday 9:30 am to 4 pm EST
Live Chat Support	No
Email Support	Yes
Human Advisors	No
Robo Advisor	Hybrid; You choose your own investments and M1 trades & manages your portfolio for you
Assets Under Management	$4.5 Billion
Penny Stocks
Tax Loss Harvesting	No, but offers tax minimization features
Goal Tracker	No
Automatic Deposits	Yes
Broker Assisted Trades	Included	$25
Customer Service		(800) 669-3900 (Open 24/7)
Good For	DIY 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)
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		Thinkorswim
Two-Factor Authentication	Yes
Forex Trading
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

Annual Fee
Minimum Deposit
Customer Service
Mobile App
Ease of Use
Research
Stock Trading
Options Trading
Banking
Commissions and Fees
Online Community
Trading Platform
Pros & Cons	Pros: 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 Line	No-fee robo-advisor that allows you to choose your own investments... Read full review	Good online broker for long-term investors... Read full review

	Commission Free Stock Trading Get M1 Plus Free for First 3 Months Invest Automatically with M1 Finance	Commission-Free Trading - Online Stock, ETF and Option Trades Open an IRA in 15 minutes or less
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.

Commission Free Stock Trading

Start Investing

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. M1 Plus is $125/year.

M1 Plus is a $125 annual subscription offering products and services from M1 Spend LLC and M1 Finance LLC, both wholly-owned, separate but affiliated subsidiaries of M1 Holdings Inc.

*Your free trial (a $31.25 value) begins the date you enroll in the M1 Plus subscription, and ends 90 days after ("Free Trial"). Upon expiry of the Free Trial, your account is automatically billed an annual subscription fee of $125 unless you cancel under your Membership details in the M1 Platform.

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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.

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