M1 Finance vs OANDA
M1 Finance is a commission-free investing app that allows you to choose your own investments. How does it compare to OANDA? Read our comparison chart below.
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Learn More | Visit Site | |
M1 Finance | OANDA | |
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Commission Free Stock Trading - | Earn Cash Rebates of up to $17 per Million - | |
Benefits and Features | ||
Stock Trading | ||
Options Trading | ||
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. | |
Cryptocurrency Trading | ||
Minimum Deposit | $100 ($500 for IRAs, $5,000 for Trust Account) | |
Mutual Fund Trading | ||
Commission Free ETFs | All U.S. listed ETFs | |
Phone Support | Monday - Friday 9:30 am to 4 pm EST | |
Live Chat Support | ||
Email Support | ||
Human Advisors | ||
Assets Under Management | ||
Penny Stocks | ||
Tax Loss Harvesting | No, but offers tax minimization features | |
Goal Tracker | ||
Automatic Deposits | ||
Broker Assisted Trades | ||
Good For | DIY investing with passive portfolio management | |
Inactivity Fee | $50 (for accounts with $50 or less and no trading or deposit activity for 90+ days) | |
Maintenance Fee | $3 monthly platform fee for accounts with less than $10,000 in M1 assets, or without an active M1 Personal Loan | |
Online Platform | ||
iPhone App | ||
Android App | ||
Banking | ||
Mobile App | ![]() | |
Desktop App | ||
Two-Factor Authentication | ||
Forex Trading | ||
Futures Trading | ||
Bond Trading | ||
CFD Trading | Yes (CFD trading is not permitted in the US) | |
Currency Trading | ||
Customer Service | Local number +1 212 858 7690; Toll-free number 1 877 OANDA FX (1 877 626 3239) Sunday 4PM ET to Friday 6PM ET | |
Locations | ||
Online Community | ||
Seminars | ||
Trading Platform | OANDA Web, OANDA Mobile, TradingVIew, MetaTrader4 | |
Virtual Trading | ||
Fractional Shares | ||
Taxable Accounts | ||
401k Plans | ||
IRA Accounts | ||
Roth IRA Accounts | ||
SEP IRA Accounts | ||
Trust Accounts | ||
529 Plans | ||
CreditDonkey® Reviews | ||
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Annual Fee | ![]() ![]() ![]() ![]() ![]() | |
Minimum Deposit | ![]() ![]() ![]() ![]() ![]() | |
Mobile App | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Customer Service | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Ease of Use | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Research | ![]() ![]() ![]() ![]() ![]() | |
Spread | ![]() ![]() ![]() ![]() ![]() | |
Education | ![]() ![]() ![]() ![]() ![]() | |
Forex Trading | ![]() ![]() ![]() ![]() ![]() | |
Trading Platform | ![]() ![]() ![]() ![]() ![]() | |
Trustworthy | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
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Bottom Line | Commission-free investing app that allows you to choose your own investments... | Regulated forex broker with no minimum deposit... |
Learn More | Visit 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 12/26/2023. OANDA: Information sourced from the published website as of 04/22/2024. OANDA: OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States. Affiliate receives a commission for accounts opened through the link on this page |
Which is Better: M1 Finance or OANDA?
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: OANDA's customer service is outstanding.