country flag
  1. Home
  2. Online Brokers and Trading Platforms 2023

M1 Finance vs Webull

M1 Finance vs Webull Comparison Table 2023
M1 Finance Review 2023 Webull Review 2023
Review
3.9

M1 Finance is #13 in our broker rankings.

Review
4.4

Webull is #6 in our broker rankings.

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

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

Get A $500 Welcome Bonus When You Join M1 Finance
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
  • Extras including a bank account and loan service make this a one-stop investing shop
  • A clean dashboard that illustrates the current composition of your portfolio
  • Multiple portfolios – up to five accounts under the same login
  • Vast range of stocks and shares to choose from
  • Make your own ETF by customizing your pie
  • Excellent portfolio-management tools
  • Straightforward proprietary platform
  • Follow more than 60 expert portfolios
  • Bitcoin trading through M1 Crypto
  • Commission-free with low fees
  • Trade fractional shares
  • Respected brand with strong regulatory oversight
  • Easy-to-use investment platform and mobile app
  • No minimum deposit for beginners
  • No commission or inactivity fees
  • Smart Advisor for auto investing
  • Promotions with free stocks
  • Brokerage account plus IRA
  • Fractional shares
Cons
  • No stop-limit or stop-loss orders
  • You cannot consolidate external accounts for planning purposes
  • The way trades are placed puts transaction timing out of your control
  • 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
  • Despite offering stocks and ETFs, M1 Finance doesn’t provide trading on mutual funds or options
  • M1 does not employ any human financial advisors, versus Betterment and other popular automated advisors
  • Day trading is limited for customers with less than $25,000 deposited
  • High deposit and withdrawal wire fees for non-US residents
  • Sometimes sudden changes in trading conditions
Awards
  • Best Roth IRA Accounts - 2020
Instruments
Stocks, ETFs, OTC stocks Stocks, ETFs, options, cryptos, forex, ADRs, fractional shares, OTCs
Demo Account
Yes Yes
Minimum Deposit
$100 $0
Trading Platforms
  • Own
  • Own
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
  • USD
  • USD
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
  • BTC
  • ADA
  • AVE
  • ETH
  • LINK
  • ALDO
  • BAT
  • ATOM
  • BTC
  • BCH
  • BAT
  • ETH
  • LTC
  • DOGE
  • XLM
  • EOS
  • TRX
  • XMR
  • ZEC
  • ETC
  • ADADASH
  • SHIB
  • AVAX
  • LUNA
  • LINK
  • UNI
  • ALGO
  • MATIC
  • SISHI
  • REM
  • ATOM
  • MANA
  • FTM
  • GRT
  • SOL
  • CRV
  • LRC
  • XTZ
  • USDC
  • AAVE
  • ONE
  • CRO
  • YFI
  • APE
  • BNT
  • COMP
  • ENJ
  • MKR
  • AMP
  • FIL
  • ICP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
Review
More Comparisons
M1 Finance
vs
 Webull
vs