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M1 Finance vs Rize

M1 Finance is a no-fee investing app that allows you to choose your own investments. How does it compare to Rize? Read our comparison chart below.

M1 Finance offers free automated investing with no commissions or account 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 Rize is a savings plus investment app. The savings account offers a decent interest rate, while long term savings goals can be invested for a better return. Rize has an interesting "pay what you want" approach to fees. There is no minimum to open.

Compare M1 Finance with Rize, side-by-side.

 M1 Finance
 Visit SiteLearn More
 

M1 Finance

Rize

SPECIAL OFFER
M1 Investment Account - Up to $500 Bonus - Learn More

Read M1 Finance Review

 

Benefits and Features

Savings 
Yes
Stock Trading
$0
 
Options Trading
No
 
Annual Fee
None
Pay what you want; $2/mo + 0.25% for Rize Invest
Cryptocurrency Trading
Yes
 
Minimum Deposit
$100
$0
Checking 
No
Mutual Fund Trading
No
 
Commission Free ETFsAll U.S. listed ETFs 
Phone SupportMonday - Friday 9:30 am to 4 pm EST
No
Live Chat Support
No
No
Email Support
Yes
Yes
Human Advisors
No
 
Assets Under Management
$4.5 Billion
 
Tax Loss HarvestingNo, but offers tax minimization features 
Goal Tracker
No
Yes
Automatic Deposits
Yes
Yes
Broker Assisted Trades
Included
 
Good ForDIY investing with passive portfolio management 
Inactivity Fee$50 (for accounts with less than $50 and no activity for 90+ days) 
Maintenance Fee
$0
 
Online Platform
Yes
Yes
iPhone App
Yes (4.6 stars, 33.3k ratings)
Yes
Android App
Yes (4.5 stars, 15.7k ratings)
Yes
BankingAll users can open a M1 Spend account with free debit card. No monthly service fees and no balance requirements. 
Mobile App
Check
Yes
Two-Factor Authentication
Yes
 
Locations
No
 
Online Community
No
 
Seminars
No
 
Virtual Trading
No
 
Fractional Shares
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

 M1 Finance
Annual FeeStarStarStarStarStar
Minimum DepositStarStarStarStarStar
Mobile AppStarStarStarStarHalf Star
Customer ServiceStarStarStarHalf StarEmpty Star
Ease of UseStarStarStarStarHalf Star
ResearchStarEmpty StarEmpty StarEmpty StarEmpty Star
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
Bottom LineNo-fee investing app that allows you to choose your own investments... Read full review
 Visit SiteLearn More

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.

Rize: Pricing information from published website as of 07/02/2018

M1 Finance

M1 Investment Account - Up to $500 Bonus

Open a new M1 investment account. Deposit $10,000 or more into the account within 14 calendar days of account opening. Promotional credit will depend on the deposited value made into the account.

Deposited ValuePromotional Credit
$10,000 - $29,999.99$75
$30,000 - $49,999.99$150
$50,000 - $99,999.99$250
$100,000+$500

This offer is only for customers who have never registered for an M1 user account.

Expires 12/31/2024
M1 Finance

Transfer and Earn Up to $20,000

Complete an Automated Customer Account Transfer Service (ACATS) of at least $100,000 in aggregate and earn up to $20,000. Promotional credit will depend on the amount transferred to the account.

Transfer Account ValuePromotional Credit
$100,000 - $249,999$250
$250,000 - $499,999$1,000
$500,000 - $999,999$2,000
$1,000,000 - $1,999,999$4,000
$2,000,000 - $4,999,999$10,000
$5,000,000 - $6,999,999$15,000
$7,000,000+$20,000

This offer is valid for new and existing M1 customers. Terms and conditions apply.

Expires Tomorrow
M1 Finance

Commission Free Stock Trading

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

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.


Articles on M1 Finance

M1 Review

Is M1 Finance legitimate and safe? Find out the pros, cons, fees, and more. An essential read for beginners interested in M1 Finance.

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.

Which Do You Think is Best?





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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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