COMPARISON
How does M1 compare?
M1 is the intelligent, seamlessly integrated money management platform that puts your financial future in your hands.
Our mission is to empower you to improve your financial well-being
Everything we do centers on you, the investor.
From our product features, to our automation capabilities, to the content we produce, we’re focused on helping you manage your money and grow your wealth the way you want to.
freedom
Choose the stocks and ETFs you want in your portfolio.
EASY
Diversify easily with fractional shares.
POWERFUL
Schedule contributions and rebalance with one click.
SOPHISTICATED
Borrow against your investments.1
With M1, there’s no comparison
M1 provides greater automation, better checking, lower margin rates, and more chances to keep doing more of what you want.
Vanguard
Schwab
Fidelity
Robinhood
AUTOMATION
Dynamic Rebalancing, Investing schedules, Smart Transfers2
Vanguard
Yes, only with Digital Advisor and associated fees and minimum investments
Schwab
Only available with Intelligent Portfolios®
Fidelity
Only available with hybrid robo advisor
Robinhood
Only investment schedules for specific stocks and ETFs
FRACTIONAL SHARES
Yes, on stocks and ETFs
Vanguard
No
Schwab
Yes, only on S&P 500 stocks®, minimum $5 investment
Fidelity
Yes, only available on mobile app
Robinhood
Yes, on stocks and ETFs
MARGIN RATES
5.00% — 6.50%3
Vanguard
7.50% – 10.75%
Schwab
9.075% – 10.575%
Fidelity
9.075% – 10.575%
Robinhood
$5/month + 5% or 9%
DIGITAL BANKING
2.50% APY and 1% cash back with M1 Plus4
Vanguard
0.05%
Schwab
0.25% APY
Fidelity
1.20% APY
Robinhood
1.50% APY
FEES
Commission Free, M1 Plus is $125/year
Vanguard
Commission Free, but some options carry fees
Schwab
Commission Free, but some options carry fees
Fidelity
Commission Free, but some options carry fees
Robinhood
Commission Free, but some options carry fees
Learn more about M1 Plus here →
M1 rates are current as of September 2022. Information on competing brokerages was accessed from each brokerage’s website in September, 2022
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Hundreds of thousands of investors
Sophisticated investing. Simple tools.
Thoughtful investing doesn’t work with thoughtless brokerages. Start enjoying more tools, lower rates, more power over your wealth—all on a sleek, intuitive platform. It’s free to download and start investing. Switch to M1 today.
- M1 Borrow available on margin accounts with a balance of at least $2,000. Not available for retirement and custodial accounts. Rates may vary.
- Smart Transfer feature is only available with M1 Plus.
- M1 Borrow available on margin accounts with a balance of at least $2,000. Not available for retirement and custodial accounts. 3.5% for clients with the M1 Plus membership and 5.0% for clients with standard M1 account. Rates may vary.
- No minimum balance to open account. No minimum balance to obtain APY (annual percentage yield). APY valid from account opening. Fees may reduce earnings. Rates may vary.