Kraken vs M1 Finance

Kraken vs M1 Finance Comparison Table 2024
Kraken	M1 Finance
Review 3.9	Review 3.9

Kraken is a leading cryptocurrency exchange with a proprietary trading terminal and a list of 220+ tradeable crypto tokens. Up to 1:5 leverage is available with stable rollover fees on spot crypto trading and up to 1:50 on futures. The exchange also supports crypto staking and has an interactive NFT marketplace.	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
Lower fees when trading volume exceeds $50,000 in 30 days	M1 Finance Plus free for 3 months on new accounts
Comment by Reviewer
"Kraken will suit traders looking for a diverse list of cryptos including Bitcoin and a good security track record."	"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
Very good security track record with no hacks in a decade since launch Excellent range of 220+ more established cryptocurrencies NFT marketplace and crypto staking available Great trading platform and mobile app Low exchange fees on Kraken Pro 50x leverage on futures trading Low minimum deposit of $10 3D secure required Mobile investing Crypto staking	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
Slow verification process on Pro account Does not support many newer altcoins Low leverage on spot trading Does not accept fiat deposits Slow verification times	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
Yes	Yes
Minimum Deposit
$10	$100
Trading Platforms
AlgoTrader	Own
Payment Methods
Bitcoin Payments Etana Ethereum Payments PayID Silvergate Bank Transfer Wire Transfer	Automated Customer Account Transfer Service Cheque Wire Transfer
Minimum Trade
Variable	$1
Regulator
FCA, FinCEN, FINTRAC, AUSTRAC, FSA	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
Kraken Futures is integrated in other platforms which have bots: Bookmap, Caspian, FMZ Quant, Gunbot, HaasOnline, Hyndor, Margin	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
USD EUR GBP CAD AUD JPY CHF	USD
Stock Exchanges
	Dow Jones Nasdaq New York Stock Exchange
Cryptocurrency
Kraken is a specialized crypto exchange and supports more than 220 cryptocurrencies. These include all of the established tokens like Bitcoin as well as some altcoins. Traders can make trades on spot crypto markets with up to 1:5 leverage or on futures with up to 1:50. Fees are low and the platform is super easy to pick up.	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
0-0.26% average	Variable
Coins
AAVE ALGO ANT REP REPV2 BAT BAL XBT BCH ADA LINK COMP ATOM CRV DAI DASH MANA XDG EWT EOS ETH ETC FIL FLOW GNO ICX KAVA KEEP KSM KNC LSK LTC MLN XMR NANO OCEAN OMG OXT PAXG DOT QTUM XRP SC XLM STORJ SNX TBTC USDT XTZ GRT TRX UNI USDC WAVES YFI ZEC 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
More Comparisons
Kraken vs	M1 Finance vs