Webull vs M1 Finance

Webull is a good free trading app for more experienced investors. How does it compare to M1 Finance? Read our comparison chart below.

Webull is a self-directed investment platform offering commission-free trading of stocks, ETFs, and options. It has a $0 minimum deposit and offers full extended hours trading. It also has a paper trading feature which lets you trade with unlimited virtual money.

While M1 Finance offers automated investing with no commissions or trading 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.

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

	Webull	M1 Finance

	Visit Site	Learn More
	SPECIAL OFFER 3 Free Fractional Shares - Learn More Read Webull Review	SPECIAL OFFER Commission Free Stock Trading - Learn More Read M1 Finance Review
	Benefits and Features
Stock Trading	$0	$0
Options Trading	$0	No
Annual Fee	Starts at $0	A $3 monthly platform fee will apply to clients with less than $10,000 in M1 assets or without an active M1 Personal Loan.
Cryptocurrency Trading	Yes (Webull Pay App)	Yes
Minimum Deposit	$0	$100 ($500 for IRAs, $5,000 for Trust Account)
Mutual Fund Trading	No	No
Commission Free ETFs	Over 3,300 ETFs	All U.S. listed ETFs
Phone Support	24/7	Monday - Friday 9:30 am to 4 pm EST
Live Chat Support	None	No
Email Support	Yes (customerservices@webull.us)	Yes
Human Advisors	No	No
Robo Advisor	Yes
Assets Under Management	$15.7 Million	$4.5 Billion
Penny Stocks	Yes
Tax Loss Harvesting	No	No, but offers tax minimization features
Goal Tracker	No	No
Automatic Deposits	Yes	Yes
Broker Assisted Trades	Not available	Included
Good For	Experienced investors; Active traders	DIY investing with passive portfolio management
Inactivity Fee	$0	$50 (for accounts with $50 or less and no trading or deposit activity for 90+ days)
Maintenance Fee	$0	$3 monthly platform fee for accounts with less than $10,000 in M1 assets, or without an active M1 Personal Loan
Online Platform	Yes	Yes
iPhone App	Yes (4.7 stars, 296.2k ratings)	Yes (4.6 stars, 33.3k ratings)
Android App	Yes (4.3 stars, 188K ratings)	Yes (4.5 stars, 15.7k ratings)
Banking	No
Mobile App	Yes
Desktop App	Yes
Two-Factor Authentication	Mobile Only	Yes
Forex Trading	No
Futures Trading	Yes to eligible users
Bond Trading	No
CFD Trading	No
Currency Trading	No
Customer Service	24/7 via phone and email
Locations	Online only	No
Online Community	Yes	No
Seminars	Yes	No
Trading Platform	Desktop, Web Trading, Mobile Apps	Web Trading, Mobile Apps
Virtual Trading	Yes. Free paper trading account with unlimited fake money	No
Fractional Shares	Yes	Yes
Taxable Accounts	Yes	Yes
401k Plans	No	No
IRA Accounts	Yes	Yes
Roth IRA Accounts	Yes	Yes
SEP IRA Accounts	No	Yes
Trust Accounts	No	Yes
529 Plans	No	No
	CreditDonkey® Reviews

Stock Trading
Options Trading
Mobile App
Commissions and Fees
Ease of Use
Research
Annual Fee
Minimum Deposit
Customer Service
Pros & Cons	Pros: No trade fees Advanced research tools Extended trading hours Offers fractional shares Cons: Not beginner friendly	Pros: Choose your own investments Can invest in individual stocks Morning and afternoon trade windows Cons: No research No human advisors Platform fee
Bottom Line	Good free trading app for more experienced investors... Read full review	Commission-free investing app that allows you to choose your own investments... Read full review
	Visit Site	Learn More
	3 Free Fractional Shares 20 Free Fractional Shares Up to $100 Transfer Fee Reimbursement	Commission Free Stock Trading M1 Finance Fees Invest Automatically with M1 Finance
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.

3 Free Fractional Shares

Get Free Fractional Shares

Expires 6/30/2025

Open a new Webull individual brokerage account. Make a qualifying single initial deposit of $100 - $499.99 during the promotional period to get 3 fractional shares, each valued between $3 - $3,000. Maintain a balance of $100 - $499.99 in the account for 30 days or more. Terms and conditions apply.

20 Free Fractional Shares

Get Free Fractional Shares

Expires 6/30/2025

Open a new Webull individual brokerage account. Make a qualifying single initial deposit of $500 or more during the promotional period to get 20 fractional shares, each valued between $3 - $3,000. Maintain a balance of $500 or more in the account for 30 days or more. Terms and conditions apply.

Up to $100 Transfer Fee Reimbursement

Get Deal

Transfer fees of up to $100 will be reimbursed when you make an initial transfer of $2,000 or more.

Which is Better: Webull or M1 Finance?

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

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

Articles on Webull

Webull Review

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

Is Webull Safe

Webull is one of the most popular apps for investing. But is it safe? Keep reading to see how it protects your money.

Articles on M1 Finance

M1 Finance Reviews

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

M1 Finance vs Acorns

Best M1 Finance Pie

M1 Finance is a commission-free investment app offering ready-made portfolios that are made up of "pies." What's the best M1 Finance Pie? Find out.

M1 Finance Alternatives

M1 Finance is a popular app for commission-free investing. But is there a better option for you? Find out in this detailed guide to M1 Finance alternatives.