Coinbase vs M1 Finance

Coinbase vs M1 Finance Comparison Table 2024
Coinbase	M1 Finance
Review 1.4	Review 3.9

Coinbase is a leading cryptocurrency exchange that provides access to 18,000+ crypto assets that can be traded on the marketplace, stored in a wallet or borrowed via the brand's DeFi function. The US-based firm has over 10 million clients and offers educational support to individual traders and tailor-made derivative products for businesses.	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.
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Bonus Offer
£5/$5 in BTC. Terms and Conditions Apply. See Review	M1 Finance Plus free for 3 months on new accounts
Comment by Reviewer
"Coinbase is a good option for dedicated crypto investors who want a vast selection of established and low-market-cap tokens. The platform makes it straightforward for new crypto investors to buy and sell Bitcoin in a few clicks."	"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
Powerful purpose-built crypto trading platform with backtesting capabilities Well-regarded crypto exchange with thousands of tokens available One of the most trusted brands in the crypto space Fast execution speeds on the trading software Slick app with excellent customer feedback Margin trading available in some countries You can sign up in three quick steps	Thanks to additional extras like a bank account and loan service, M1 Finance continues to offer a one-stop shop for investors The broker offers commission-free stocks with low fees, plus fractional shares, making it a great choice for beginners The broker delivers a clean and easy-to-use dashboard that illustrates the current composition of your portfolio The firm offers a straightforward proprietary platform with intuitive portfolio management tools Multiple portfolios can be facilitated, with up to five accounts under the same login Customizable 'pies' allow investors to curate their own ETFs The range of 6000+ stocks and ETFs is highly competitive Bitcoin trading is available through M1 Crypto
Cons
Coinbase trades don't take place anonymously Occasional bugs have caused issues on the system Lower safety score vs established crypto brokers	Despite offering stocks and ETFs, M1 Finance doesn’t provide trading on mutual funds or options Unlike competitors such as Betterment, M1 does not employ any human financial advisors M1 Finance is only available in the US – eToro is a top alternative for the UK market Accounts with less than $20 and no trading activity for 90 days are charged a fee The way trades are placed puts transaction timing out of your control You cannot consolidate external accounts for planning purposes There are no stop-limit or stop-loss orders
Awards
	Best Roth IRA Accounts - 2020
Instruments
Cryptos	Stocks, ETFs, OTC stocks
Demo Account
No	Yes
Minimum Deposit
$0	$100
Trading Platforms
AlgoTrader	Own
Payment Methods
ACH Transfer Apple Pay Credit Card Debit Card Google Wallet iDeal PayPal Sofort Visa Wire Transfer	Automated Customer Account Transfer Service Cheque Wire Transfer
Minimum Trade
0.0001 XBT	$1
Regulator
CBoI	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
No	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
$0	$20
Islamic Account
No	No
Account Currencies
	USD
Stock Exchanges
	Dow Jones Nasdaq New York Stock Exchange
Cryptocurrency
With some 18,000 digital assets available to trade, Coinbase is one of the leading exchanges in the crypto world with a wider selection of tokens than most alternatives. Traders access crypto markets through a powerful platform and can enjoy margin trading in some jurisdictions. Maker and taker fees are low and there are no hidden account charges.	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
BTC 0.1%, ETH 0.1%	Variable
Coins
BCH BTC ETH LTC XRP IOTA NEO EOS XMR FIL WBTC SHIB BNB	BTC ADA AVE ETH LINK ALDO BAT ATOM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
Yes	No
Auto Market Maker
No	No

Review	Review
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