M1 Finance vs DEGIRO

M1 Finance vs DEGIRO Comparison Table 2024
M1 Finance DEGIRO
3.9

M1 Finance is #16 in our broker rankings.

2.8
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

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.

DEGIRO is a Netherlands-headquartered broker with millions of users and authorization from leading regulators, including the BaFin and FCA. Clients can access global exchanges anytime, anywhere, and on any device. DEGIRO offers stock trading with exceptionally low fees and a huge range of markets. DEGIRO are not CFD brokers and do not offer CFDs.

Investing involves risk of loss
Bonus Offer
M1 Finance Plus free for 3 months on new accounts
Comment by Reviewer
"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. " "Degiro is perfect for low-cost stock trading on US, UK and European markets with a straightforward platform and app. Casual investors will appreciate that there are no inactivity fees while long-term traders will rate the wide selection of ETFs."
Pros
  • 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
  • Low minimum deposit
  • Multiple account currencies
  • Commission-free stock trading
  • Access 50 exchanges in 30 countries
  • Beginner-friendly platform and app
  • Regulated by BaFin and FCA
  • No inactivity fee
  • 90+ global awards
  • 2+ million users
Cons
  • 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
  • No copy trading
  • No demo account
  • No MT4 integration
  • No CFD trading
  • Few payment methods
Awards
  • Best Roth IRA Accounts - 2020
  • Best Online Broker - Qualebroker 2022 (Italy)
  • Best Broker For ETFs And Investment Funds - Qualebroker 2022 (Italy)
  • Best Discount Broker - Broker Chooser 2022 (UK)
  • Best Broker For Stock Trading - Broker Chooser 2022 (UK)
Instruments
Stocks, ETFs, OTC stocks Stocks, ETFs, Bonds, Futures, Options, Warrants
Demo Account
Yes No
Minimum Deposit
$100 $0
Trading Platforms
  • Own
  • Own
Payment Methods
Minimum Trade
$1 Variable
Regulator
SEC, FINRA BaFin, FCA
Margin Trading
Yes Yes
Margin Rate
3.5 - 5% 4%
STP Account
No No
ECN Account
No No
DMA Account
No Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes No
Robo Advisor
Yes No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
Yes iOS, Android & Windows
Auto Trading
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 $0
Islamic Account
No No
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • SEK
  • NOK
  • DKK
  • CHF
  • PLN
  • CZK
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. Crypto trading not offered
Spread
Variable
Coins
  • BTC
  • ADA
  • AVE
  • ETH
  • LINK
  • ALDO
  • BAT
  • ATOM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Investing involves risk of loss
More Comparisons
M1 Finance
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DEGIRO
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