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M1 Finance

M1 Finance Promotions

Read our in-depth review of M1 Finance to see why M1 Finance scored 4.5 stars out of 5. We like their choose your own investments, can invest in individual stocks, and no account fees.

$30

New Customers: Deposit $1,000 and Get $30

  • Open a new M1 account.
  • Deposit $1,000 or more in your Invest account during your first 14 days.
  • Get a $30 bonus.
Expires 12/31/2021
$2,500

Transfer Your Account and Earn Up to $2,500

Initiate your transfer of another brokerage account within 60 days of signing up for M1 to receive a bonus.

TransferBonus
$100,000 – $249,999.99$250
$250,000 – $499,999.99$500
$500,000 – $999,999.99$1,000
$1,000,000+$2,500

Payments for eligible transfers will be paid 90 days after the account transfer is received. Offer is valid for direct broker transfers received through the Automated Customer Account Transfer Service (ACATS) only. Offer is not valid with ACH deposits, wire transfers or direct 401k rollovers.

Commission Free Stock Trading

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

Compare Promotions

Ally Invest

Get Up to $3,000

Expires 9/30/2021

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 If the qualifying deposit is withdrawn, the bonus may be revoked.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 1 Month Managed Free

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

Ally Invest

Get Up to $3,000 Cash Bonus

Expires 9/30/2021

New Ally Invest customers only. Account must be funded for at least 60 days to be eligible for cash bonus.

    Highlights

    Annual Fee
    None
    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
    Assets Under Management
    $1 Billion
    Tax Loss Harvesting
    Offers tax-efficient investing
    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, 25.4k ratings)
    Android App
    Yes (4.2 stars, 12.5k ratings)
    Banking
    All users can open a M1 Spend account with free debit card. No monthly service fees and no balance requirements.
    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
All trades are commission-free. No platform fees.
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
No
Live Chat Support
No
No
Email Support
Yes
Yes
Human Advisors
No
No
Robo Advisor
Check
No
Assets Under Management
$1 Billion
 
Tax Loss Harvesting
Offers tax-efficient investing
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, 25.4k ratings)
Yes (4 stars, 3.2m ratings)
Android App
Yes (4.2 stars, 12.5k ratings)
Yes (1.4 stars, 360k ratings)
BankingAll users can open a M1 Spend account with free debit card. No monthly service fees and no balance requirements.No service fees for Robinhood Cash Management account. Free debit card with no in-network ATM fees or foreign transaction fees
Mobile App
Check
Yes
Two-Factor Authentication 
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.

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 Alternatives

Betterment

Get 1 Month Managed Free

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TD Ameritrade

Commission-Free Trading - Online Stock, ETF and Option Trades

Applies to U.S. exchange-listed stocks, ETFs, and options. A $0.65 per contract fee applies for options trades, with no exercise or assignment fees.

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

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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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