M1 Finance vs Robinhood

Struggling to choose between M1 Finance and Robinhood? Both products offer unique advantages, making it a tough decision.

M1 Finance is a Finance solution with tags like investing, trading, stocks, etfs, roboadvisor.

It boasts features such as Automated investing, Customizable portfolios, Free stock trading, Fractional share investing, Dividend reinvesting, Retirement accounts, Mobile app and pros including No commissions or fees, Easy to use interface, Automated rebalancing, Low minimum balances, Great for beginners.

On the other hand, Robinhood is a Business & Commerce product tagged with stocks, cryptocurrency, mobile, free, novice-investors.

Its standout features include Commission-free trading of stocks, ETFs, options and cryptocurrencies, Fractional share investing, Intuitive mobile app interface, Research tools like analyst ratings and price targets, Cash management account with debit card, and it shines with pros like No trade commissions or account minimums, Easy to use interface good for beginners, Fractional shares allow investing small amounts, Large selection of assets to trade.

To help you make an informed decision, we've compiled a comprehensive comparison of these two products, delving into their features, pros, cons, pricing, and more. Get ready to explore the nuances that set them apart and determine which one is the perfect fit for your requirements.

M1 Finance

M1 Finance

M1 Finance is an automated investing platform that offers free stock trading and portfolio management. It allows users to create custom portfolios with stocks and ETFs based on their preferences and investment goals.

Categories:
investing trading stocks etfs roboadvisor

M1 Finance Features

  1. Automated investing
  2. Customizable portfolios
  3. Free stock trading
  4. Fractional share investing
  5. Dividend reinvesting
  6. Retirement accounts
  7. Mobile app

Pricing

  • Free
  • Freemium

Pros

No commissions or fees

Easy to use interface

Automated rebalancing

Low minimum balances

Great for beginners

Cons

Limited investment options

No advanced trading options

No cryptocurrency investing

No margin trading

Lacks some reporting features


Robinhood

Robinhood

Robinhood is a popular free stock trading app that allows users to buy and sell stocks, ETFs, options and cryptocurrencies with no commissions or fees. It has an easy-to-use mobile interface aimed at novice investors.

Categories:
stocks cryptocurrency mobile free novice-investors

Robinhood Features

  1. Commission-free trading of stocks, ETFs, options and cryptocurrencies
  2. Fractional share investing
  3. Intuitive mobile app interface
  4. Research tools like analyst ratings and price targets
  5. Cash management account with debit card

Pricing

  • Free

Pros

No trade commissions or account minimums

Easy to use interface good for beginners

Fractional shares allow investing small amounts

Large selection of assets to trade

Cons

No retirement accounts like IRAs offered

Limited customer service and support

Frequent outages during peak trading times

Limited research and analysis tools compared to full-service brokers