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M1 Finance vs Webull

M1 Finance is a no-fee robo-advisor that allows you to choose your own investments. How does it compare to Webull? 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 Webull offers commission-free stock and ETF trading using their mobile app. There is no minimum deposit required.

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

 M1 FinanceWebull
 Visit SiteVisit Site
 

M1 Finance

Webull

SPECIAL OFFER
Commission Free Stock Trading - Learn More

Read M1 Finance Review

SPECIAL OFFER
Get Two Free Stocks, Each Valued Between $3 - $300 - Learn More

Read Webull Review

 

Benefits and Features

Stock Trading
$0
$0
Options Trading
No
$0
Annual Fee
None
None
Cryptocurrency Trading
No
$0
Minimum Deposit
$100
$0
Mutual Fund Trading
No
 
Commission Free ETFsAll U.S. listed ETFsAll U.S. listed ETFs
Phone SupportMonday - Friday 9:30 am to 4 pm EST
24/7
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
 
Tax Loss HarvestingNo, but offers tax minimization features 
Goal Tracker
No
 
Automatic Deposits
Yes
 
Broker Assisted Trades
Included
 
Customer Service 
24/7 via phone and email
Good ForDIY investing with passive portfolio managementExperienced investors; Active traders
Inactivity Fee$20 (for accounts with less than $20 and no activity for 90+ days)
$0
Maintenance Fee
$0
$0
Online Platform
Yes
 
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.
No
Mobile App
Check
Yes
Desktop App 
Yes
Two-Factor Authentication
Yes
Mobile Only
Locations
No
 
Online Community
No
 
Seminars
No
 
Virtual Trading
No
Yes. Free paper trading account with $1,000,000 in fake money
Fractional Shares
Yes
Yes
Taxable Accounts
Yes
Yes
401k Plans
No
 
IRA Accounts
Yes
Yes
Roth IRA Accounts
Yes
 
SEP IRA Accounts
Yes
 
Trust Accounts
Yes
 
529 Plans
No
 
 

CreditDonkey® Reviews

 M1 FinanceWebull
Annual FeeStarStarStarStarStar
Minimum DepositStarStarStarStarStar
Customer ServiceStarStarStarHalf StarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarHalf Star
Ease of UseStarStarStarStarHalf StarStarStarStarEmpty StarEmpty Star
ResearchStarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarStarEmpty Star
Stock TradingStarStarStarStarEmpty Star
Options TradingStarStarStarStarHalf Star
Commissions and FeesStarStarStarStarStar
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:
  • No trade fees
  • Advanced research tools
  • Extended trading hours
  • Offers fractional shares
Cons:
  • Not beginner friendly
Bottom LineNo-fee robo-advisor that allows you to choose your own investments... Read full reviewGood free trading app for more experienced investors... 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

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.

Webull

Get Two Free Stocks, Each Valued Between $3 - $300

Expires 8/31/2022

Open a Webull brokerage account and get two free stocks, each valued between $3-$300

Webull

Get 4 - 10 Free Fractional Share Stocks Each Valued Between $7 - $3000

Make an initial deposit of any amount (even just a $0.01) and get another 4 - 10 free fractional share stocks, each valued between $7-$3000

Expires 8/31/2022
Webull

$75 Account Transfer Bonus

  • Transfer a brokerage account over to Webull and get $75 deposited into the account. The incoming brokerage account must have at least $2,000 or more in assets to receive this bonus.
  • Transfer an IRA over to Webull and get $75 deposited into the account. The incoming IRA must have at least $5,00 or more in assets to receive this month.

Which is Better: M1 Finance or Webull?

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: M1 Finance's ease of use is notable. Webull's research is worth mentioning.


Articles on M1 Finance

M1 Finance Reviews

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.

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 Webull

Webull Review

Webull offers $0 trades for stocks, ETFs, options, and cryptocurrencies. But it's not perfect. Find out if Webull fits your investing needs.

Which Do You Think is Best?





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