M1 Finance vs eToro

M1 Finance is a commission-free investing app that allows you to choose your own investments. How does it compare to eToro? Read our comparison chart below.

M1 Finance offers automated investing with no commissions or trading 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.

While eToro is a social crypto trading platform known for its popular CopyTrading feature. They support a fair range of cryptocurrencies. Their fees are moderate compared to other exchanges.

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

	M1 Finance	eToro
		eToro USA LLC and eToro USA Securities Inc.
	Learn More	Visit Site
	SPECIAL OFFER Commission Free Stock Trading - Learn More Read M1 Finance Review	OFFER Buy $100 in Crypto and Get $10 Bonus from eToro USA LLC - Learn More Read eToro Review
	Benefits and Features
Stock Trading	$0	$0; 3,000+ stocks & ETFs
Options Trading	No	$0
Annual Fee	A $3 monthly platform fee will apply to clients with less than $10,000 in M1 assets or without an active M1 Personal Loan.	None
Cryptocurrency Trading	Yes
Minimum Deposit	$100 ($500 for IRAs, $5,000 for Trust Account)	$100 ($200 to start copy trading)
Mutual Fund Trading	No	No
Commission Free ETFs	All U.S. listed ETFs	Over 300 ETFs
Phone Support	Monday - Friday 9:30 am to 4 pm EST	None
Live Chat Support	No	Online 24 hours, Monday to Friday
Email Support	Yes	Yes
Human Advisors	No	No
Robo Advisor		No
Assets Under Management	$4.5 Billion	$7.5 Billion (as of 09/30/2023)
Tax Loss Harvesting	No, but offers tax minimization features	No
Goal Tracker	No	Yes
Automatic Deposits	Yes	Yes
Broker Assisted Trades	Included	Not available
Good For	DIY investing with passive portfolio management	Position traders
Inactivity Fee	$50 (for accounts with $50 or less and no trading or deposit activity for 90+ days)	$10/month
Maintenance Fee	$3 monthly platform fee for accounts with less than $10,000 in M1 assets, or without an active M1 Personal Loan	$0
Online Platform	Yes	Yes
iPhone App	Yes (4.6 stars, 33.3k ratings)	Yes (4.3 stars, 2.3K ratings)
Android App	Yes (4.5 stars, 15.7k ratings)	Yes (4.0 stars, 133k ratings)
Banking		No
Mobile App		Yes
Two-Factor Authentication	Yes	SMS or phone call
Locations	No	No
Online Community	No	Yes
Seminars	No	Yes (eToro Academy)
Trading Platform	Web Trading, Mobile Apps
Virtual Trading	No	Yes (eToro virtual account with $100,000 virtual funds)
Fractional Shares	Yes	Yes
Taxable Accounts	Yes	Yes
401k Plans	No	No
IRA Accounts	Yes	No
Roth IRA Accounts	Yes	No
SEP IRA Accounts	Yes	No
Trust Accounts	Yes	No
529 Plans	No	No
	CreditDonkey® Reviews

Annual Fee
Minimum Deposit
Mobile App
Customer Service
Ease of Use
Research
Cryptocurrency Trading
Commissions and Fees
Safety
Pros & Cons	Pros: Choose your own investments Can invest in individual stocks Morning and afternoon trade windows Cons: No research No human advisors Platform fee	Pros: Copy actions of top traders Virtual practice account Cons: Slow customer service response time
Bottom Line	Commission-free investing app that allows you to choose your own investments... Read full review	Good crypto exchange for learning, socializing and copy-trading... Read full review
	Learn More	Visit Site
	Commission Free Stock Trading M1 Finance Fees Invest Automatically with M1 Finance	Buy $100 in Crypto and Get $10 Bonus from eToro USA LLC Get $100,000 Virtual Portfolio to Experiment Trade Popular Cryptocurrencies
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 12/26/2023. eToro: Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. CreditDonkey Inc may be compensated if you access certain products or services offered by the MSB and/or the BD. eToro: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results. Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro USA LLC and eToro USA Securities Inc.

Buy $100 in Crypto and Get $10 Bonus from eToro USA LLC

For a limited time, you can get $10 when you invest in $100 worth of crypto on eToro. Here's how:

Sign up for an eToro account
Deposit funds
Invest in $100 worth of crypto

You'll automatically receive $10 directly to your account balance. Offer only applies to US customers. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.

Buy $100 in Crypto and Get $10 Bonus

eToro USA LLC and eToro USA Securities Inc.

Get $100,000 Virtual Portfolio to Experiment

Get $100,000 Virtual Portfolio

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

eToro USA LLC and eToro USA Securities Inc.

Trade Popular Cryptocurrencies

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

Start Trading

Which is Better: M1 Finance or eToro?

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

In short: M1 Finance's mobile app and ease of use are notable. eToro's research is impressive.

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