Plynk Invest is an SEC-regulated mobile investment platform that provides zero-commission trading from $1 in a wide selection of stocks and ETFs. Plynk also provides a platform to buy and hold a range of cryptocurrencies.
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.
Bonus Offer
$10 Sign-Up Bonus
M1 Finance Plus free for 3 months on new accounts
Comment by Reviewer
"Plynk will suit casual investors who want to make spare cash work for them by making streamlined, low-fee investments."
"M1 Finance remains a great choice for US investors who want a straightforward, commission-free way to invest in stocks and crypto. The intuitive dashboard, customizable portfolios and fractional shares should appeal to all experience levels and investing goals. "
Pros
Easy-to-use app with no complex analysis features or terminology
Wealth of educational resources suitable for beginners
Commission-free stocks, ETFs and mutual funds
iOS and Android (APK) downloadable app
Low minimum deposit of $0
Regulated by SEC and FINRA
$10 to $20 sign up bonus
Thanks to additional extras like a bank account and loan service, M1 Finance continues to offer a one-stop shop for investors
The broker offers commission-free stocks with low fees, plus fractional shares, making it a great choice for beginners
The broker delivers a clean and easy-to-use dashboard that illustrates the current composition of your portfolio
The firm offers a straightforward proprietary platform with intuitive portfolio management tools
Multiple portfolios can be facilitated, with up to five accounts under the same login
Customizable 'pies' allow investors to curate their own ETFs
The range of 6000+ stocks and ETFs is highly competitive
Bitcoin trading is available through M1 Crypto
Cons
Limited features for experienced investors
Forex, futures, and options trading not available
No live chat service or contact phone number
No desktop or webtrader compatibility
Limited deposit and withdrawal methods
Available to US citizens only
Bank wire transfer fees
No demo account
Despite offering stocks and ETFs, M1 Finance doesn’t provide trading on mutual funds or options
Unlike competitors such as Betterment, M1 does not employ any human financial advisors
M1 Finance is 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
The way trades are placed puts transaction timing out of your control
You cannot consolidate external accounts for planning purposes
Invest in BTC, LTC, BCH and ETH with low fees from $0.50 via Plynk's iOS and Android mobile app. On the negative side, the selection of cryptos does not match rivals with no emerging tokens and coins.
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.
