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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 offers commission-free stock and ETF trading using their mobile app. There is no minimum deposit required.

While 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.

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

 WebullM1 Finance
 Visit SiteVisit Site
 

Webull

M1 Finance

SPECIAL OFFER
Get up to 12 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
None
None
Cryptocurrency Trading
$0
No
Minimum Deposit
$0
$100
Mutual Fund Trading 
No
Commission Free ETFsAll U.S. listed ETFsAll U.S. listed ETFs
Phone Support
24/7
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
Customer Service
24/7 via phone and email
 
Good ForExperienced investors; Active tradersDIY investing with passive portfolio management
Inactivity Fee
$0
$20 (for accounts with less than $20 and no activity for 90+ days)
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)
Banking
No
All users can open a M1 Spend account with free debit card. No monthly service fees and no balance requirements.
Mobile App
Yes
Check
Desktop App
Yes
 
Two-Factor Authentication
Mobile Only
Yes
Locations 
No
Online Community 
No
Seminars 
No
Virtual TradingYes. Free paper trading account with $1,000,000 in fake money
No
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

 WebullM1 Finance
Stock TradingStarStarStarStarEmpty Star
Options TradingStarStarStarStarHalf Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarHalf Star
Commissions and FeesStarStarStarStarStar
Ease of UseStarStarStarEmpty StarEmpty StarStarStarStarStarHalf Star
ResearchStarStarStarStarEmpty StarStarEmpty StarEmpty StarEmpty StarEmpty Star
Annual FeeStarStarStarStarStar
Minimum DepositStarStarStarStarStar
Customer ServiceStarStarStarHalf StarEmpty Star
Pros & ConsPros:
  • 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
  • No account fees
Cons:
  • No research
  • No human advisors
  • Can only trade once a day
Bottom LineGood free trading app for more experienced investors... Read full reviewNo-fee robo-advisor that allows you to choose your own investments... 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

Webull

Get up to 12 free fractional shares

Expires 2/28/2023
Get up to 12 free fractional shares (at least 6 shares) by opening and funding ANY AMOUNT for a new account.
  • Open a brokerage account to get 2 free stocks each valued at $3 - $300
  • Deposit any amount to get up to 10 free stocks each valued at $7 - $3000
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.
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.

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 eToro.

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, options, and cryptocurrencies. But it's not perfect. Find out if Webull fits your investing needs.

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.

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.

Which Do You Think is Best?





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