SoFi Invest vs M1 Finance

SoFi Invest vs M1 Finance Comparison Table 2022
SoFi Invest M1 Finance
WINNER
M1 Finance is the better broker
Not Yet Rated
United States Flag Traders from US accepted
3.9
United States Flag Traders from US accepted
SoFi Invest is an American wealth management and robo advisory service, providing equity and cryptocurrency investment portfolios with competitive fees. M1 Finance offers customizable and automated trading services for US investors.
Awards
  • Best Roth IRA Accounts - 2020
Bonus
M1 Finance Plus free for 3 months on new accounts
Instruments
Stocks, Crypto, ETFs Stocks, ETFs, OTC stocks
Demo Account
No Yes
Minimum Deposit
$0 $100 ($500 for IRA)
Payment Methods
Minimum Trade
$0 $1
Regulator
SEC, FINRA FINRA, SEC
Margin Trading
Yes Yes
Margin Rate
3.5 - 5%
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No
eSignal
No
Trading Central
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
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android Yes
Auto Trading
Yes
Copy Trading
No No
Social Trading
Yes No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
Yes
Guaranteed Stop Loss
No
Islamic Account
No No
Account Currencies
  • USD
  • USD
Stock Exchanges
Cryptocurrency
SoFi Invest supports investments into cryptocurrencies under its active and automated investing accounts. Build custom crypto portfolios and select from the broker's expert pies.
Spread
N/A Variable
Coins
  • BTC
  • ETH
  • LTC
  • DOGE
  • ADA
  • DOT
  • ALGO
  • AAVE
  • BNT
  • BAT
  • BCH
  • LINK
  • COMP
  • ATOM
  • MANA
  • ENJ
  • ETC
  • FIL
  • MKR
  • MATIC
  • SOL
  • XLM
  • SUSHI
  • SNX
  • XTZ
  • GRT
  • UNI
  • YFI
  • BTC
  • ADA
  • AVE
  • ETH
  • LINK
  • ALDO
  • BAT
  • ATOM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No
Auto Market Maker
No No
More Comparisons
SoFi Invest vs M1 Finance vs