M1 Finance vs Firstrade

M1 Finance vs Firstrade Comparison Table 2023
M1 Finance Firstrade
WINNER
Firstrade is the better broker
3.9

M1 Finance is #12 in our broker rankings.

4

Firstrade is #27 in our broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

M1 Finance offers customizable and automated trading services for US investors.

Firstrade is a US-headquartered discount broker-dealer. With welcome bonuses, powerful tools and apps, plus commission-free trading, Firstrade Securities is a popular online brokerage.

Pros
  • Low minimum deposit
  • Good execution speed
  • Strong regulatory oversight
Cons
  • No demo account
  • No copy trading
  • No MT4 integration
  • Few payment methods
  • Narrow range of investments
Awards
  • Best Roth IRA Accounts - 2020
  • Best for ETF & Active Investor Commission & Fees - 2019
Promotions

Get A $500 Welcome Bonus When You Join M1 Finance

M1 Finance: Kickstart 2023 With A $10,000 Bonus

Bonus
M1 Finance Plus free for 3 months on new accounts Deposit Bonus Up To $4000
Instruments
Stocks, ETFs, OTC stocks Stocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed
Demo Account
Yes No
Minimum Deposit
$100 ($500 for IRA) $0
Payment Methods
Minimum Trade
$1 $1
Regulator
FINRA, SEC SEC, FINRA
Margin Trading
Yes Yes
Margin Rate
3.5 - 5% 4.50%
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
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 No
Robo Advisor
Yes No
Negative Balance Protection
No No
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
Yes iOS & Android
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
Islamic Account
No No
Account Currencies
  • USD
  • USD
Stock Exchanges
Cryptocurrency
Build custom crypto portfolios and select from the broker's expert pies. Take positions on 35+ cryptocurrencies with low fees and 24/7 investing.
Spread
Variable Variable
Coins
  • BTC
  • ADA
  • AVE
  • ETH
  • LINK
  • ALDO
  • BAT
  • ATOM
  • ALGO
  • AVAX
  • BAT
  • BTC
  • BCH
  • ADA
  • LINK
  • ATOM
  • CRO
  • CRV
  • MANA
  • DOGE
  • ETH
  • ETC
  • FTM
  • LTC
  • LRC
  • MATIC
  • REN
  • SHIB
  • SOL
  • XLM
  • SUSHI
  • GRT
  • UNI
  • YFI
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
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