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M1 Finance vs Robinhood

M1 Finance is a no-fee robo-advisor that allows you to choose your own investments.. How does it compare to Robinhood? 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 Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $6/month.

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

 M1 FinanceRobinhood
 Visit SiteVisit Site
 

M1 Finance

Robinhood

SPECIAL OFFER
Commission Free Stock Trading - Learn More

Read M1 Finance Review

OFFER
Get a Free Stock (worth between $2.50 and $200) - Learn More

Read Robinhood Review

 

Benefits and Features

Stock Trading
$0
$0
Annual Fee
None
All trades are commission-free. No platform fees.
Minimum Deposit
$100
$0
Commission Free ETFs All U.S. listed ETFs
Phone SupportMonday - Friday 9:30 am to 4 pm EST
No
Live Chat Support
No
 
Email Support
Yes
 
Human Advisors
No
 
Robo Advisor
 
Assets Under Management
$1 Billion
 
Tax Loss Harvesting
Offers tax-efficient investing
 
Goal Tracker
No
 
Automatic Deposits
Yes
 
Broker Assisted Trades 
$10
Customer Service 
Monday-Friday 9am - 6pm ET
Good ForDIY investing with passive portfolio management
Beginners; Active traders
Inactivity Fee 
$0
Maintenance Fee 
$0
Online Platform
Yes
 
iPhone App
Yes
 
Android App
Yes
 
BankingAll users can open a M1 Spend account with free debit card. No monthly service fees and no balance requirements.
Coming soon
Mobile App
Yes
Yes
Desktop App 
Yes
Locations 
No
Online Community 
No
Seminars 
No
Virtual Trading 
No
Fractional Shares
Yes
Yes
Taxable Accounts
Yes
Yes
401k Plans
No
 
IRA Accounts
Yes
No
Roth IRA Accounts
Yes
 
SEP IRA Accounts
Yes
 
Trust Accounts
Yes
 
529 Plans
No
 
 

CreditDonkey® Reviews

 M1 FinanceRobinhood
Annual Fee
Minimum Deposit
Customer Service
Stock Trading
Options Trading
Mobile App
Commissions and Fees
Ease of Use
Research
Pros & ConsPros:
  • Choose your own investments
  • Can invest in individual stocks
  • No account fees
Cons:
  • Not beginner friendly
  • No human advisors
  • Can only trade once a day
Pros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • No IRAs
  • Limited research
  • No mutual funds & bonds
Bottom LineNo-fee robo-advisor that allows you to choose your own investments... Read full reviewFree way to trade stocks with limited bells and whistles... 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

Robinhood: Pricing information from published websites as of 04/18/2020.

Which is Better: M1 Finance or Robinhood?

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


Articles on M1 Finance


Articles on Robinhood


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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