M1 Finance vs Charles Schwab
M1 Finance Review 2023 | Charles Schwab Review 2023 |
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3.9
M1 Finance is #13 in our broker rankings. |
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2.8
Charles Schwab is #36 in our broker rankings. |
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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. |
Charles Schwab is a large US investment broker offering a massive range of stocks, ETFs and equity derivatives in a variety of savings and investment accounts. The trustworthy brand has been offering financial services for 45+ years with over 35 million brokerage accounts and $870+ billion in assets under management. Charles Schwab is also regulated by top-tier watchdogs including the SEC and FCA. |
Bonus Offer | |
M1 Finance Plus free for 3 months on new accounts | |
Promotions | |
Comment by Reviewer | |
"US investors who want a straightforward, commission-free way to invest in stocks and crypto with AI-powered strategy support should consider M1 Finance." | "Charles Schwab will serve long-term investors looking for managed accounts, financial advice and self-directed trading opportunities. Fees are competitive, with zero-commission stock and ETF trading and no account minimums for individual brokerage accounts." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Stocks, ETFs, OTC stocks | Stocks, Futures, Options, Crypto, ETFs |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$100 | $1 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
$1 | $1 |
Regulator | |
SEC, FINRA | SEC, FINRA, FCA1 |
Margin Trading | |
Yes | No |
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 | |
Yes | Yes |
Robo Advisor | |
Yes | Yes |
Negative Balance Protection | |
No | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | No |
Mobile Apps | |
Yes | iOS & Android |
Auto Trading | |
Yes | Yes |
Copy Trading | |
No | No |
Social Trading | |
No | No |
VPS Hosting | |
No | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
Yes | 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 | |
Commodities | |
Cryptocurrency | |
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. | Charles Schwab supports indirect crypto trading through digital coin trusts and crypto-related stocks. You can get exposure to popular digital currencies such as Bitcoin, Ripple and Ethereum. |
Spread | |
Variable | Floating |
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 | |
M1 Finance vs |
Charles Schwab vs |