M1 Finance vs E-Trade
M1 Finance Review 2023 | E-Trade Review 2023 |
---|---|
![]()
3.9
M1 Finance is #13 in our broker rankings. |
![]()
3.3
E-Trade is #36 in our broker rankings. |
![]() |
![]() |
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. |
E-trade is a one-stop shop that provides both investment and trading opportunities to clients through four proprietary platforms and apps. The firm has decades of experience and is authorized by the SEC. Investors can benefit from ready-made portfolios or open a do-it-yourself account to choose from stocks, funds, ETFs, futures and bonds; traders can access margin trading on stocks, options and futures. |
Bonus Offer | |
M1 Finance Plus free for 3 months on new accounts | Commission Free Trades |
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." | "E-trade provides great service to anyone who wants to grow their wealth both through long-term investments and shorter-term trading, thanks to a diverse and flexible range of products. " |
Pros | |
|
|
Cons | |
|
|
Awards | |
|
|
Instruments | |
Stocks, ETFs, OTC stocks | Stocks, Futures, E-minis, Options |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$100 | $500 |
Trading Platforms | |
|
|
Payment Methods | |
Minimum Trade | |
$1 | $10 |
Regulator | |
SEC, FINRA | SEC |
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 | No |
Negative Balance Protection | |
No | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | No |
Mobile Apps | |
Yes | iOS, Android and 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 | No |
Custodial Account | |
Yes | Yes |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$20 | |
Islamic Account | |
No | No |
Account Currencies | |
|
|
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 | |
|
|
Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
![]() |
![]() |
More Comparisons | |
M1 Finance vs |
E-Trade vs |