Ally Invest vs M1 Finance
Ally Invest Review 2023 | M1 Finance Review 2023 |
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3.2
Ally Invest is #36 in our broker rankings. |
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3.9
M1 Finance is #13 in our broker rankings. |
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Ally Invest was founded in 2005 and serves 11 million customers through its suite of investing and financial services products. The brokerage is regulated by the US SEC with FINRA and SIPC membership. The company has a substantial $197 billion in assets under management (AUM). |
M1 Finance is a US brokerage that allows users to build a customizable investment portfolio from a range of 6000+ stocks and shares, ETFs and cryptocurrencies. The innovative 'pie' based portfolio management system allows traders to build several portfolios with different aims, and the brokerage supports machine-learning tools that can provide automated portfolio management. |
Bonus Offer | |
M1 Finance Plus free for 3 months on new accounts | |
Promotions | |
Comment by Reviewer | |
"Ally Invest is an all-in-one financial solution suitable for traders of all experience levels with self-directed and managed trading accounts alongside online banking, financial advice, credit cards and loans." | "US investors who want a straightforward, commission-free way to invest in stocks and crypto with AI-powered strategy support should consider M1 Finance." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Stocks, Options, Forex, ETFs | Stocks, ETFs, OTC stocks |
Demo Account | |
No | Yes |
Minimum Deposit | |
$0 | $100 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
$1 | |
Regulator | |
SEC, FINRA | SEC, FINRA |
Margin Trading | |
Yes | Yes |
Margin Rate | |
3.25% | 3.5 - 5% |
STP Account | |
No | No |
ECN Account | |
No | No |
DMA Account | |
No | No |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | Yes |
Robo Advisor | |
No | Yes |
Negative Balance Protection | |
No | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Mobile Apps | |
iOS & Android | Yes |
Auto Trading | |
Yes | |
Copy Trading | |
No | No |
Social Trading | |
No | No |
VPS Hosting | |
No | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | Yes |
Custodial Account | |
Yes | Yes |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$20 | |
Islamic Account | |
No | No |
Account Currencies | |
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Stock Exchanges | |
Forex Trading | |
Ally Invest offers 50+ currency pairs with access to MetaTrader 4 and the Ally Invest Forex Advanced Desktop platforms. Spreads compare well to alternatives with a good range of majors, minors and exotics. | Forex trading not offered |
GBPUSD Spread | |
1 | NA |
EURUSD Spread | |
1 | NA |
EURGBP Spread | |
1 | NA |
Assets | |
80 | |
Cryptocurrency | |
Crypto trading not offered | M1 Finance users can open a crypto account to invest in 10 cryptocurrencies including Bitcoin, Ethereum, Cardano and Solana. You can also invest in six crypto-related funds and ETFs, which are a good way to get broader exposure to the digital currency market. |
Spread | |
Variable | |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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More Comparisons | |
Ally Invest vs |
M1 Finance vs |