M1 Finance vs Webull

M1 Finance is a commission-free investing app that allows you to choose your own investments. How does it compare to Webull? Read our comparison chart below.

M1 Finance offers automated investing with no commissions or trading fees. M1 lets you select your own investments and their automation will manage it for you. This is great for investors who want a say. The downside is that there are no human advisors. The minimum to start is just $100.

While Webull is a self-directed investment platform offering commission-free trading of stocks, ETFs, and options. It has a $0 minimum deposit and offers full extended hours trading. It also has a paper trading feature which lets you trade with unlimited virtual money.

Compare M1 Finance with Webull, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	M1 Finance	Webull

	Learn More	Visit Site
	SPECIAL OFFER Commission Free Stock Trading - Learn More Read M1 Finance Review	SPECIAL OFFER Deposit and Earn $10 Bonus - Learn More Read Webull Review
	Benefits and Features
Stock Trading	$0	$0
Options Trading	No	$0
Annual Fee	A $3 monthly platform fee will apply to clients with less than $10,000 in M1 assets or without an active M1 Personal Loan.	Starts at $0
Cryptocurrency Trading	Yes	Yes (Webull Pay App)
Minimum Deposit	$100 ($500 for IRAs, $5,000 for Trust Account)	$0
Mutual Fund Trading	No	No
Commission Free ETFs	All U.S. listed ETFs	Over 3,300 ETFs
Phone Support	Monday - Friday 9:30 am to 4 pm EST	24/7
Live Chat Support	No	None
Email Support	Yes	Yes (customerservices@webull.us)
Human Advisors	No	No
Robo Advisor		Yes
Assets Under Management	$4.5 Billion	$15.7 Million
Penny Stocks		Yes
Tax Loss Harvesting	No, but offers tax minimization features	No
Goal Tracker	No	No
Automatic Deposits	Yes	Yes
Broker Assisted Trades	Included	Not available
Good For	DIY investing with passive portfolio management	Experienced investors; Active traders
Inactivity Fee	$50 (for accounts with $50 or less and no trading or deposit activity for 90+ days)	$0
Maintenance Fee	$3 monthly platform fee for accounts with less than $10,000 in M1 assets, or without an active M1 Personal Loan	$0
Online Platform	Yes	Yes
iPhone App	Yes (4.6 stars, 33.3k ratings)	Yes (4.7 stars, 296.2k ratings)
Android App	Yes (4.5 stars, 15.7k ratings)	Yes (4.3 stars, 188K ratings)
Banking		No
Mobile App		Yes
Desktop App		Yes
Two-Factor Authentication	Yes	Mobile Only
Forex Trading		No
Futures Trading		Yes to eligible users
Bond Trading		No
CFD Trading		No
Currency Trading		No
Customer Service		24/7 via phone and email
Locations	No	Online only
Online Community	No	Yes
Seminars	No	Yes
Trading Platform	Web Trading, Mobile Apps	Desktop, Web Trading, Mobile Apps
Virtual Trading	No	Yes. Free paper trading account with unlimited fake money
Fractional Shares	Yes	Yes
Taxable Accounts	Yes	Yes
401k Plans	No	No
IRA Accounts	Yes	Yes
Roth IRA Accounts	Yes	Yes
SEP IRA Accounts	Yes	No
Trust Accounts	Yes	No
529 Plans	No	No
	CreditDonkey® Reviews

Annual Fee
Minimum Deposit
Mobile App
Customer Service
Ease of Use
Research
Stock Trading
Options Trading
Commissions and Fees
Pros & Cons	Pros: Choose your own investments Can invest in individual stocks Morning and afternoon trade windows Cons: No research No human advisors Platform fee	Pros: No trade fees Advanced research tools Extended trading hours Offers fractional shares Cons: Not beginner friendly
Bottom Line	Commission-free investing app that allows you to choose your own investments... Read full review	Good free trading app for more experienced investors... Read full review
	Learn More	Visit Site
	Commission Free Stock Trading M1 Finance Fees Invest Automatically with M1 Finance	Deposit and Earn $10 Bonus Up to 8.1% APY with APY Booster 2% Match Bonus
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. M1 Finance: Pricing information from published website as of 12/26/2023.

Deposit and Earn $10 Bonus

Get a $10 cash bonus when you make an initial qualifying funding of $100 or more into your Webull account during the offer period. Maintain $100 or more in your account until the end of the offer period.

Get Deal

Expires 9/30/2025

Up to 8.1% APY with APY Booster

Make a net qualifying funding of $100 or more into an individual cash account, and get an extra 4% APY (premium) on your base APY for 90 days. Terms and conditions apply.

Get Deal

Expires 9/30/2025

2% Match Bonus

Earn a 2% match bonus when you complete one or more qualifying fundings to your Webull account resulting in a net qualifying amount of of $100 or more during the offer period. Maintain $100 or more in the account until the last payment date of the final installment bonus. Bonus will automatically be credited into the client's Webull account in 24 equal monthly installments.

Get Deal

Expires 9/30/2025

Which is Better: M1 Finance or Webull?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing M1 Finance or Robinhood.

In short: M1 Finance's ease of use is notable. Webull's research is worth mentioning.

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