I’ve used several different brokerages, and none of them have delivered the diversification and freedom in investment choices like M1 has.
– Dan T.
COMPARISON
How does M1 compare?
M1 is the intelligent, seamlessly integrated money management platform that puts your financial future in your hands.
GET STARTEDOur 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.
Ease
Diversify easily with fractional shares.
Powerful
Schedule contributions and rebalance with one click.
Sophisticated
Borrow against your investments. 
Testimonials may not be representative of the experience of other customers. Not a guarantee of future performance or success.
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
AUTOMATION
Dynamic Rebalancing, Investing schedules, Smart Transfers
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
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
MARGIN RATES
2.75% — 4.25%
Vanguard
4.75 — 8.5%
Schwab
6.825 – 8.575%
Fidelity
4.250% — 8.575%
Robinhood
$5/month + 2.5%
DIGITAL BANKING
DIGITAL BANKING
Yes, 1% APY and 1% cash back
with M1 Plus
Vanguard
No
Schwab
Yes, 0.03% APY
Fidelity
Yes, 0% APY
Robinhood
Yes, 0.3% APY
FEES
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
Check out Plus here →
M1 rates are current as of May 2022. Information on competing brokerages was accessed from each brokerage’s website in March, 2022.
I’ve tried so many banks, brokers, financial products…I am exhausted. M1 is way ahead of the competitors.
– Christopher P.
Testimonials may not be representative of the experience of other customers. Not a guarantee of future performance or success.
Recognized and celebrated
Hundreds of thousands of investors
35,000+ 5-star reviews
(App Store and Google Play)
Best for sophisticated investors
(Investopedia, 2021)
One of the best robo-advisors
(Money, 2021)
Best free trading platform in 2021
(Yahoo, 2021)
Best for investing and banking in one
(The Ascent, 2021)
Total control, total automation
for your wealth today and tomorrow.
Transfer a brokerage account to M1 and earn up to $2,500
Transfer a brokerage account or IRA to M1 and earn up to $2,500. Here’s how to get started:
- Get a copy of a recent account statement from your brokerage.
- Ensure you have an account open in good-standing at M1 that matches the account type you’re transferring (e.g., if you are transferring securities from a joint brokerage account, you’ll need a joint brokerage account open at M1)
- Submit a transfer request from another brokerage account within the first 60 days of New Client Sign-up Date with M1. Click here to get started.
Terms and Conditions
Promotion Period: February 19, 2022 through December 31, 2022
During the Promotion Period, this ACATS promotion offer applies to direct account transfers of at least $100,000 (from participating brokerages) initiated within the first sixty (60) days from New Client Sign-up Date on M1 (“ACATS Transfer Promotion”). Any Promo Credit1 earned for eligible transfers will be paid 150 days after the New Client Sign-up Date with M1. “New Client sign-up Date” is defined as the day a new client submits a valid email and password creating a user login for M1 Finance. This ACATS Transfer Promotion offer is valid only for direct broker transfers received through the Automated Customer Account Transfer Service (“ACATS”). This offer is non-transferable, and not valid with any of the following: internal transfers, ACH deposits (bank transfers), wire transfers, direct 401(k) rollovers, or in conjunction with other promotional offers M1 Finance or may offer from time to time. If you satisfy the aforementioned conditions, M1 will make a one-time deposit into the cash balance of your M1 taxable investment account in accordance with Table 1 below (Note: the following accounts are ineligible to receive any cash deposit: any retirement, custodial or trust).
Cryptocurrency is not eligible for ACATS. Additionally, any security transferred via ACATS that is not traded by M1 will be liquidated, including but not limited to Mutual Funds and Over-The-Counter securities.
The Promo Credit amount (see Table 1 below) will be based on the aggregate Account Value2 of all brokerage accounts or IRAs transferred within the initial 60 days of new client sign-up date. The aggregate “Account Value” is determined as the current market value of all holdings and cash on the day the transfer is completed. Account Value of the qualifying account must remain equal to, or greater than, the value after the net deposit was made (minus any losses due to trading, market volatility or margin debit balances) at time of ACATS Transfer Promotion pay out. M1 Finance may charge the account for the cost of the offer at its sole discretion. M1 reserves the right to restrict or revoke this offer at any time. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business.
Taxes related to any M1 Finance promotional offers are your responsibility. All promotional items and cash received during the calendar year will be included on your consolidated Form 1099. You are encouraged to consult a legal or tax advisor for the most recent changes to the U.S. tax code and for rollover eligibility rules.
ACATS Transfer Promo
| Account Value1 | Promotional Credit ($) |
|---|---|
| $100,000 – $249,999.99 | $250 |
| $250,000 – $499,999.99 | $500 |
| $500,000 – $999,999.99 | $1,000 |
| $1,000,000 + | $2,500 |
Transfers completed retroactively, or before the Promotion Period, are ineligible for this ACATS Transfer Promotion.
This promotion is not valid with any other offers and is non-transferrable. Offer available only to individuals who are 18 years or older and are Legal U.S. Residents. M1 reserves the right to terminate this offer at any time, to limit the amount of account bonuses you are eligible to receive, and to refuse or recover any promotion award if M1 determines that it was obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided, or that any terms of the M1 Terms of Use or Account Agreement have been violated. This offer is not valid if the name on the M1 account is different than the name on the outside brokerage account requested for the ACATS.
General Conditions: By participating in this ACATS Transfer Promotion, you agree to release, discharge, indemnify, and hold harmless, M1, its affiliates, retailers, and advertising and promotion agencies, and all of their respective officers, directors, members, managers, partners, and employees from any liability or damages that may arise out of participation in this ACATS Transfer Promotion or out of acceptance, use, misuse or possession of the cash deposit attained through this promotion. All applicable federal, state, and local laws and regulations apply.
Your Personal Information: Personal information collected in connection with this offer will be used in accordance with M1’s Privacy Policy.
This promotion expires at 12:00pm ET on the last day of the Promotion Period. M1 is the sole timekeeper of this promotion.