Binance vs M1 Finance
Binance | M1 Finance |
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3.5
Binance is being sued by the SEC for a range of securities violations, including the commingling of client funds and 'wash trading' against its customers to artificially increase crypto prices. Your funds may be at risk if you trade with Binance. We do not recommend making any deposits.
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3.9
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Binance is one of the best-known crypto exchanges. The company is available in more than 180 countries with over 120 million registered customers. The platform offers a suite of crypto trading products, from staking and NFTs to derivatives. |
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 | |
Comment by Reviewer | |
"Binance will appeal to crypto investors looking to trade big tokens like Bitcoin plus niche coins with low fees. However, regulatory action and questionable handling of customer funds makes this firm too high-risk in our opinion." | "M1 Finance remains a great choice for US investors who want a straightforward, commission-free way to invest in stocks and crypto. The intuitive dashboard, customizable portfolios and fractional shares should appeal to all experience levels and investing goals. " |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Cryptos | Stocks, ETFs, OTC stocks |
Demo Account | |
No | Yes |
Minimum Deposit | |
$0 | $100 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
$10 | $1 |
Regulator | |
SEC, FINRA | |
Margin Trading | |
Yes | Yes |
Margin Rate | |
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 | |
Yes | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
Yes | 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 | |
No | Yes |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$20 | |
Islamic Account | |
No | No |
Account Currencies | |
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Stock Exchanges | |
Cryptocurrency | |
Binance is one of the world's largest crypto exchanges. There is a vast range of products available including Binance Pool, Staking and an NFT Marketplace. | 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 fees with account tiers | Variable |
Coins | |
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Crypto Lending | |
Yes | No |
Crypto Mining | |
No | No |
Crypto Staking | |
Yes | No |
Auto Market Maker | |
No | No |
More Comparisons | |
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