TD Ameritrade vs M1 Finance

TD Ameritrade is a good online broker for long-term investors. How does it compare to M1 Finance? Read our comparison chart below.

TD Ameritrade offers $0 commission online stock, ETF, and option trades. This online broker also has more than 100 branch locations. There is no minimum deposit, no maintenance fee, and no inactivity fee.

While 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.

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

	TD Ameritrade	M1 Finance

	Learn More	Visit Site
	OFFER Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More Read TD Ameritrade Review	SPECIAL OFFER M1 Investment Account - Up to $500 Bonus - Learn More Read M1 Finance Review
	Benefits and Features
Stock Trading	$0 commission for online stock, ETF, and option trades	$0
Options Trading	$0.65 per contract	No
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.
Cryptocurrency Trading		Yes
Minimum Deposit	$0	$100
Mutual Fund Trading	Up to $49.95 or $74.95 for buys. $0 for sells	No
Commission Free ETFs	550+ Commission-Free ETFs	All U.S. listed ETFs
Phone Support		Monday - Friday 9:30 am to 4 pm EST
Live Chat Support	Yes	No
Email Support		Yes
Human Advisors		No
Assets Under Management		$4.5 Billion
Penny Stocks
Tax Loss Harvesting		No, but offers tax minimization features
Goal Tracker		No
Automatic Deposits		Yes
Broker Assisted Trades	$25	Included
Good For		DIY investing with passive portfolio management
Inactivity Fee	$0	$50 (for accounts with less than $50 and no activity for 90+ days)
Maintenance Fee	$0	$3 monthly platform fee for accounts with less than $10,000 in M1 assets, or without an active M1 Personal Loan
Online Platform	Yes	Yes
iPhone App		Yes (4.6 stars, 33.3k ratings)
Android App		Yes (4.5 stars, 15.7k ratings)
Banking	Cash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.
Mobile App	Yes
Desktop App	Thinkorswim
Two-Factor Authentication		Yes
Forex Trading	Yes
Futures Trading	$2.25 per contract (plus exchange & regulatory fees)
Bond Trading	Yes
CFD Trading	No
Currency Trading	Yes
Customer Service	(800) 669-3900 (Open 24/7)
Locations	More than 100 locations in 34 states	No
Online Community		No
Seminars	Online webcast	No
Trading Platform	thinkorswim
Virtual Trading	Yes	No
Fractional Shares		Yes
Taxable Accounts		Yes
401k Plans		No
IRA Accounts		Yes
Roth IRA Accounts		Yes
SEP IRA Accounts		Yes
Trust Accounts		Yes
529 Plans		No
	CreditDonkey® Reviews

Stock Trading
Options Trading
Banking
Mobile App
Commissions and Fees
Ease of Use
Online Community
Research
Trading Platform
Annual Fee
Minimum Deposit
Customer Service
Pros & Cons	Pros: Easy to Use Thinkorswim Platform Customer Service Cons: Trade Fees	Pros: Choose your own investments Can invest in individual stocks Morning and afternoon trade windows Cons: No research No human advisors Platform fee
Bottom Line	Good online broker for long-term investors... Read full review	Commission-free investing app that allows you to choose your own investments... Read full review
	Learn More	Visit Site
	Commission-Free Trading - Online Stock, ETF and Option Trades Open an IRA in 15 minutes or less	M1 Investment Account - Up to $500 Bonus Commission Free Stock Trading Invest Automatically with M1 Finance
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. TD Ameritrade: Pricing information from published website as of 09/05/2023. M1 Finance: Pricing information from published website as of 12/26/2023.

M1 Investment Account - Up to $500 Bonus

Open a new M1 investment account. Deposit $10,000 or more into the account within 14 calendar days of account opening. Promotional credit will depend on the deposited value made into the account.

Deposited Value	Promotional Credit
$10,000 - $29,999.99	$75
$30,000 - $49,999.99	$150
$50,000 - $99,999.99	$250
$100,000+	$500

This offer is only for customers who have never registered for an M1 user account.

Get Deal

Expires 12/31/2024

Commission Free Stock Trading

Start Investing

M1 Finance allows investors the choice of ETFs and stocks. M1 charges no management fees or commission.

Invest Automatically with M1 Finance

Invest Automatically

Which is Better: TD Ameritrade or M1 Finance?

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

In short: TD Ameritrade's research is impressive.

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