M1 Finance vs Webull
M1 Finance Review 2023 | Webull Review 2023 |
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3.9
M1 Finance is #13 in our broker rankings. |
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4.4
Webull is #6 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. |
Webull is a US-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC and FINRA with a strong trust rating. Low fees, no minimum investment and generous bonuses have made the discount broker popular with online investors. |
Bonus Offer | |
M1 Finance Plus free for 3 months on new accounts | Up to 12 free fractional shares when you deposit $100 |
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." | "Webull is best for traders looking to buy and sell stocks on a user-friendly app with zero commissions." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Stocks, ETFs, OTC stocks | Stocks, ETFs, options, cryptos, forex, ADRs, fractional shares, OTCs |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$100 | $0 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
$1 | 0.01 Lots |
Regulator | |
SEC, FINRA | SEC, FINRA |
Margin Trading | |
Yes | Yes |
Margin Rate | |
3.5 - 5% | 5.49% to 9.49% |
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 | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
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 | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$20 | $0 |
Islamic Account | |
No | No |
Account Currencies | |
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Stock Exchanges | |
Forex Trading | |
Forex trading not offered | Webull offers a modest collection of 17 currencies, including majors like EUR/USD. Forex can be traded on the feature-rich investing app with real-time quotes and low spreads. |
GBPUSD Spread | |
NA | 0.4 |
EURUSD Spread | |
NA | 0.2 |
EURGBP Spread | |
NA | 0.4 |
Assets | |
15+ | |
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. | Webull offers trading on popular cryptos like Bitcoin against the US Dollar. With 35+ tokens and premium analysis tools, traders can review market trends and identify opportunities in a few taps. |
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 |
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