M1 Finance vs Fidelity

M1 Finance is a no-fee robo-advisor that allows you to choose your own investments. How does it compare to Fidelity? 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 Fidelity offers stock trades at $0 per trade and more than 180 branch locations. There is no minimum deposit.

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

	M1 Finance	Fidelity


	SPECIAL OFFER Commission Free Stock Trading - Learn More Read M1 Finance Review	SPECIAL OFFER Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More Read Fidelity Review
	Benefits and Features
Stock Trading	$0	$0 per trade
Options Trading	No	$0 per online trade, plus $0.65 per contract
Annual Fee	None	None
Cryptocurrency Trading	No	No
Minimum Deposit	$100	$0
Mutual Fund Trading	No	$0 transaction fee for Fidelity funds $0 on purchase for NTF (no transaction fee) non-Fidelity funds. ($49.95 on redemption if held less than 60 days) $49.95 on purchase for non-Fidelity funds; $0 on redemption. (Certain funds may have a $75 transaction fee).
Commission Free ETFs	All U.S. listed ETFs	357 including 28 Fidelity factor, sector, stock, and bond ETFs and 329 iShares® ETFs
Phone Support	Monday - Friday 9:30 am to 4 pm EST	(800) 343-3548; available 24/7
Live Chat Support	No	No
Email Support	Yes	Yes
Human Advisors	No	Optional coaching or investment management with human advisors (for added fees)
Robo Advisor	Hybrid; You choose your own investments and M1 trades & manages your portfolio for you	Optional Fidelity Go robo-advisory service
Assets Under Management	$4.5 Billion	$4.9 Trillion
Tax Loss Harvesting	No, but offers tax minimization features	No
Goal Tracker	No	Yes
Automatic Deposits	Yes	Yes
Broker Assisted Trades	Included	$32.95 per trade for representative-assisted trades.
Good For	DIY investing with passive portfolio management	More experienced DIY investors; Mutual fund investors
Inactivity Fee	$20 (for accounts with less than $20 and no activity for 90+ days)	$0
Maintenance Fee	$0	$0 account service fee
Online Platform	Yes	Yes (access to Active Trader Pro is available to those who trade 36 times or more in a rolling 12 month period)
iPhone App	Yes (4.6 stars, 33.3k ratings)	Yes (4.8 stars, 1.7m ratings)
Android App	Yes (4.5 stars, 15.7k ratings)	Yes (4.5 stars, 97k ratings)
Banking	All users can open a M1 Spend account with free debit card. No monthly service fees and no balance requirements.	Fidelity Cash Management Account includes reimbursed ATM fees, no monthly fee, no minimum balance requirement, FDIC insurance, mobile check deposit, free billpay and free checkwriting.
Mobile App
Two-Factor Authentication	Yes	Yes
Locations	No	More than 180
Online Community	No	Yes, it has a investor forum
Seminars	No	Yes, frequent webinars and courses for beginners
Virtual Trading	No	No
Fractional Shares	Yes	Yes
Taxable Accounts	Yes	Yes
401k Plans	No	Yes
IRA Accounts	Yes	Yes
Roth IRA Accounts	Yes	Yes
SEP IRA Accounts	Yes	Yes
Trust Accounts	Yes	Yes
529 Plans	No	Yes
	CreditDonkey® Reviews

Annual Fee
Minimum Deposit
Customer Service
Mobile App
Ease of Use
Research
Stock Trading
Options Trading
Mutual Fund Trading
Banking
Commissions and Fees
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: Research reports Beginner-friendly tools Mobile app Cons: Restricted platform
Bottom Line	No-fee robo-advisor that allows you to choose your own investments... Read full review	Comprehensive online broker with in-depth research... Read full review

	Commission Free Stock Trading Get M1 Plus Free for First 3 Months Invest Automatically with M1 Finance	Cash Management Account Commission-Free Trading - Online Stock, ETF and Option Trades
M1 Finance: Pricing information from published website as of 02/28/2020 Fidelity: Pricing information from published website as of 12/05/2020.

Commission Free Stock Trading

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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 Fidelity?

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: Fidelity's research is excellent.