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M1 Finance vs Goldco

M1 Finance is a no-fee robo-advisor that allows you to choose your own investments. How does it compare to Goldco? 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 Goldco is one of the most popular gold IRA companies. It stands out for its large selection of IRS-approved gold and silver coins, highest price buyback guarantee, and thousands of 5-star reviews. The minimum investment is $25,000.

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

 M1 FinanceGoldco
 Visit SiteVisit Site
 

M1 Finance

Goldco

SPECIAL OFFER
Commission Free Stock Trading - Learn More

Read M1 Finance Review

SPECIAL OFFER
Free Gold IRA Kit - Learn More

Read Goldco Review

 

Benefits and Features

Stock Trading
$0
 
Options Trading
No
 
Annual Fee
None
Varies depending on custodian
Cryptocurrency Trading
No
 
Minimum Deposit
$100
$25,000
Mutual Fund Trading
No
 
Commission Free ETFsAll U.S. listed 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
 
Gold IRA 
Check
Tax Loss HarvestingNo, but offers tax minimization features 
Goal Tracker
No
 
Automatic Deposits
Yes
 
Broker Assisted Trades
Included
 
Good ForDIY investing with passive portfolio management 
Inactivity Fee$20 (for accounts with less than $20 and no activity for 90+ days) 
Maintenance Fee
$0
 
Online Platform
Yes
 
Setup Fee 
$50
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. 
Mobile App
Check
 
Silver IRA 
Check
Platinum IRA 
Check
Palladium IRA 
Check
Two-Factor Authentication
Yes
 
Locations
No
 
Online Community
No
 
Seminars
No
 
Virtual Trading
No
 
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 FinanceGoldco
Annual FeeStarStarStarStarStar
Minimum DepositStarStarStarStarStarStarStarStarHalf StarEmpty Star
Customer ServiceStarStarStarHalf StarEmpty StarStarStarStarStarStar
Mobile AppStarStarStarStarHalf Star
Ease of UseStarStarStarStarHalf Star
ResearchStarEmpty StarEmpty StarEmpty StarEmpty Star
Gold IRAStarStarStarStarEmpty Star
FeesStarStarStarEmpty StarEmpty Star
SafetyStarStarStarStarStar
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:
  • Highest buyback price guarantee
  • Free silver promotion
  • A+ BBB rating
Cons:
  • $25,000 min
  • Higher transaction fees
Bottom LineNo-fee robo-advisor that allows you to choose your own investments... Read full reviewVery reputable Gold IRA account, but fees are higher than competitors... 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

Goldco: The required minimum purchase at Goldco to start a gold IRA is $25,000. Goldco’s preferred Custodian charges a flat annual account service fee which includes a one-time IRA account set-up fee of $50, as well as a $30 wire fee. Annual maintenance is $100, and storage is $150 for segregated storage or $100 for non-segregated storage. Fees for gold storage and custodianship can vary depending on the company you select to handle these services (required by the IRS, as all IRA assets must be managed by a custodian). Depending on the Custodian, storage fees can range from $10 to $60 per month, or as a percentage of assets, from 0.35% to 1% annually. Goldco does not charge any storage fees for cash transactions over $25,000.

M1 Finance

Commission Free Stock Trading

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

M1 Finance

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.

Goldco

Free Gold IRA Kit

  • Up to $10,000 in free silver for eligible customers
  • Highest buyback price, guaranteed
  • Endorsed by Sean Hannity and Chuck Norris
Goldco

Get Up to $10,000 in Free Silver

Open a qualifying gold IRA and get up to $10,000 in free silver

Which is Better: M1 Finance or Goldco?

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

In short: M1 Finance's minimum deposit is excellent. Goldco's customer service is outstanding.


Articles on M1 Finance

M1 Review

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.

Best M1 Finance Pie

M1 Finance is a fee-free investment app offering pre-selected portfolios called "pies." What's the best M1 Finance Pie? Find out.

M1 Finance Alternatives

M1 Finance is a popular app for fee-free investing. But is there a better option for you? Find out in this detailed guide to M1 Finance alternatives.

Articles on Goldco

Goldco Review

Goldco is one of the most popular gold and silver IRA companies. But how high are the fees? And is it right for you? Read on to find out.

Which Do You Think is Best?





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