OANDA vs M1 Finance

OANDA vs M1 Finance Comparison Table 2023
OANDA	M1 Finance
Review 4.5 OANDA is #4 in our broker rankings.	Review 3.9 M1 Finance is #12 in our broker rankings.
Traders from US accepted	Traders from US accepted
OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is authorized by leading regulators, including the CFTC/NFA. Around the clock support is available, alongside flexible contract sizes and automated trade executions.	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.
CFDs are not available to residents in the United States.
Bonus Offer
$5,000 welcome bonus with a deposit of $500	M1 Finance Plus free for 3 months on new accounts
Promotions
	Get A $500 Welcome Bonus When You Join M1 Finance
Comment by Reviewer
"We recommend OANDA for traders seeking a user-friendly platform with premium market research and a straightforward joining process. OANDA is a particularly good pick for US traders with authorization from local regulators and a secure trading environment."	"US investors who want a straightforward, commission-free way to invest in stocks and crypto with AI-powered strategy support should consider M1 Finance."
Pros
Industry-leading platforms including MT4 and TradingView Reliable, trustworthy and secure brand with authorization from tier-one regulators API facilitates access to 25 years of historical data and rates from 200+ currencies The OANDA web platform offers advanced charts plus guaranteed stop-loss orders (GSLOs) Feature-rich app with 50 indicators, 11 drawing tools and 9 charting styles Wide selection of instruments including 70+ forex pairs Transparent pricing structure with no hidden charges Low minimum deposit for beginners US clients accepted	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
Cons
Stock trading not available in all countries Customer support not available on the weekend	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
Awards
Best US Broker 2023 - DayTrading.com Best Trading Tools winner (Online Personal Wealth Awards 2021) Awarded highest overall client satisfaction (Investment Trends 2021 US Leverage Trading Report, Margin Forex) Awarded highest client satisfaction for mobile platform/app (Investment Trends 2021 US Leverage Trading Report, Margin Forex) Voted Most Popular Broker 2021 (TradingView Broker Awards) Voted Best Forex and CFD Broker 2021 (TradingView Broker Awards)	Best Roth IRA Accounts - 2020
Instruments
Forex	Stocks, ETFs, OTC stocks
Demo Account
Yes	Yes
Minimum Deposit
$0	$100 ($500 for IRA)
Payment Methods
Debit card (Visa or Mastercard), Automated Clearing (ACH), bank transfer deposits	Automated Customer Account Transfer Service Cheque Wire Transfer
Minimum Trade
$0	$1
Regulator
CFTC, NFA	FINRA, SEC
Margin Trading
Yes	Yes
Margin Rate
	3.5 - 5%
MetaTrader 4
Yes	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	No
Autochartist
Yes	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
No	Yes
Robo Advisor
No	Yes
Negative Balance Protection
No	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
FxTrade, MT4	Yes
Auto Trading
EAs	Yes
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	Yes
Guaranteed Stop Loss
Yes	No
Islamic Account
No	No
Account Currencies
USD EUR GBP CAD AUD JPY CHF HKD SGD	USD
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng London Stock Exchange Nasdaq Russell 2000	Dow Jones Nasdaq New York Stock Exchange
Commodities
Copper Corn Gold Palladium Platinum Silver Wheat
Forex Trading
OANDA offers over 70 forex pairs, more than many alternatives. The broker's in-house platform also offers impressive execution speeds and a suite of advanced charting and analysis tools.	Forex trading not offered
Forex App
The FxTrade app is OANDA’s proprietary forex trading application. One-click trading, historical price history and straightforward account management is available. Traders can speculate on 70 major, minor and exotic currency pairs. The forex app is available to download from the Apple App Store and Google Play.
GBPUSD Spread
3.4
EURUSD Spread
1.6
EURGBP Spread
1.7
Assets
70
Cryptocurrency
Speculate on the world's biggest cryptos by market cap. Commissions are lower than many peers starting at 0.25%. Users can also trade digital currencies in a few taps through the iOS and Android mobile app.	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.
Spread
$100	Variable
Coins
BTC ETH LTC BCH PAXG LINK MATIC UNI AAVE SOL	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

Review	Review
CFDs are not available to residents in the United States.
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