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M1 Finance

M1 Finance Promotions

Read our in-depth review of M1 Finance to see why M1 Finance scored 3.9 stars out of 5. We like their choose your own investments, can invest in individual stocks, and no account fees.

Commission Free Stock Trading

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

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.

Ally Invest

Get Up to $3,000

Expires 5/31/2023

The minimum qualifying deposit to receive a cash bonus is $10,000. Accounts will be reviewed 60 days after account opening to determine the total qualifying deposit. Corresponding cash bonus will be credited to the account within 10 business days. Once the bonus is credited to the account, the bonus and qualifying deposit (minus any trading losses) is not available for withdrawal for 300 days. If the qualifying deposit is withdrawn, the bonus may be revoked.

Deposit or TransferCash Bonus
$10,000 - $24,999$100
$25,000 - $99,999$250
$100,000 - $249,999$300
$250,000 - $499,999$600
$500,000 - $999,999$1,200
$1,000,000 - $1,999,999$2,000
$2,000,000+$3,000

Betterment

Get up to 1 Year Managed Free

New Betterment customers only. Accounts must be funded within 45 days of signup. Terms apply.

Webull

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

Expires 10/31/2022

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

    Highlights

    Annual Fee
    None
    Cryptocurrency Trading
    No
    Minimum Deposit
    $100
    Commission Free ETFs
    All U.S. listed ETFs
    Mutual Fund Trading
    No
    Phone Support
    Monday - Friday 9:30 am to 4 pm EST
    Live Chat Support
    No
    Email Support
    Yes
    Human Advisors
    No
    Robo Advisor
    Hybrid; You choose your own investments and M1 trades & manages your portfolio for you
    Assets Under Management
    $4.5 Billion
    Tax Loss Harvesting
    No, but offers tax minimization features
    Goal Tracker
    No
    Automatic Deposits
    Yes
    Broker Assisted Trades
    Included
    Good For
    DIY 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
    iPhone App
    Yes (4.6 stars, 33.3k ratings)
    Android App
    Yes (4.5 stars, 15.7k ratings)
    Banking
    All users can open a M1 Spend account with free debit card. No monthly service fees and no balance requirements.
    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

    More Information

  • Pricing information from published website as of 02/28/2020
  • For the complete terms and conditions, view the merchant's website. While reasonable effort has been made to maintain accurate and updated information, the information shown on this site may vary, be out of date, or not applicable to you. All information is provided without warranty. Please review the terms and conditions on the merchant's website.
 M1 FinanceRobinhood
 Visit SiteVisit Site
 

M1 Finance

Robinhood

 

Benefits and Features

Stock Trading
$0
$0
Options Trading
No
$0
Annual Fee
None
None
Cryptocurrency Trading
No
Check
Minimum Deposit
$100
$0
Mutual Fund Trading
No
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
No
Email Support
Yes
Yes
Human Advisors
No
No
Robo AdvisorHybrid; You choose your own investments and M1 trades & manages your portfolio for you
No
Assets Under Management
$4.5 Billion
$80 Billion
Tax Loss HarvestingNo, but offers tax minimization features
No
Goal Tracker
No
No
Automatic Deposits
Yes
Yes
Broker Assisted Trades
Included
Not available
Good ForDIY investing with passive portfolio management
Beginners; 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
Yes
iPhone App
Yes (4.6 stars, 33.3k ratings)
Yes (4.2 stars, 4m ratings)
Android App
Yes (4.5 stars, 15.7k ratings)
Yes (3.8 stars, 453k ratings)
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
Yes
Locations
No
No
Online Community
No
No
Seminars
No
No
Virtual Trading
No
No
Fractional Shares
Yes
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
 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.

More Deals to Save Money at M1 Finance

Compare Returns

  • Create your own pies by choosing your own investments.
  • Use one of the preset templates.
  • Tweak a preset template to your liking.

Dynamic Rebalancing

M1 Borrow

M1 Plus

Set Up a Joint Account

Establish a joint account with a relative, spouse or domestic partner.

Set Up a Retirement Account in Fifteen Minutes or Less

Invest in your future with Traditional, Roth, and SEP IRAs.

M1 Finance


M1 Finance Alternatives

Robinhood

Commission-Free Trades

Trade stocks, funds, options, and cryptocurrencies

Betterment

Get 1 Month Managed Free

Deposit $15,000 - $99,999 within 45 days and get 1 month managed free

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 10/31/2022
Stash

Sign Up and Get $5

  • Sign up, add at least $5 to your account and get a $5 bonus.
  • Invest with fractional shares
  • Get portfolio recommendations

Articles on M1 Finance

M1 Finance

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.

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Add Your Comment



More Brokerage Promotions

Robinhood

Robinhood Promo

Get a Free Stock (worth between $5 and $200)
Acorns

Acorns

$10 Sign-Up Bonus
Betterment

Betterment Promotions

Get up to 1 Year Managed Free
Webull

Webull

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

Stash

Sign Up and Get $5

More Deals from CreditDonkey

Robinhood

Robinhood lets you trade stocks commission-free and has no account minimums. Is it safe? Are there hidden fees? Read on for the pros and cons.

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Acorns automatically invests your spare change. But can it help make you money? Find out if this app is safe and legit.

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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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