M1 Finance vs Betterment
M1 Finance is a commission-free investing app that allows you to choose your own investments. How does it compare to Betterment? 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 Betterment offers automatic investing starting at $4/month for accounts with less than $20,000. There is no fee to open an account and no minimum deposit required. All balances get automatic rebalancing, tax loss harvesting, and access to financial experts.
Compare M1 Finance with Betterment, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
M1 Finance | Betterment | |
|---|---|---|
Commission Free Stock Trading - | Compare Pricing - | |
Benefits and Features | ||
| Savings |
| |
| Stock Trading | ||
| Options Trading | ||
| 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 | ||
| Minimum Deposit | $100 ($500 for IRAs, $5,000 for Trust Account) | |
| Checking | ||
| Mutual Fund Trading | ||
| Commission Free ETFs | All U.S. listed ETFs | |
| Phone Support | Monday - Friday 9:30 am to 4 pm EST | |
| Live Chat Support | ||
| Email Support | ||
| Human Advisors | ||
| Robo Advisor | ||
| Assets Under Management | ||
| Minimum Investment | ||
| Tax Loss Harvesting | No, but offers tax minimization features | |
| Goal Tracker | ||
| Automatic Deposits | ||
| Broker Assisted Trades | ||
| Good For | DIY investing with passive portfolio management | |
| Inactivity Fee | $50 (for accounts with $50 or less and no trading or deposit activity for 90+ days) | |
| Maintenance Fee | $3 monthly platform fee for accounts with less than $10,000 in M1 assets, or without an active M1 Personal Loan | |
| Online Platform | ||
| iPhone App | ||
| Android App | ||
| Banking | Offers checking account with a free debit card, and a high-yield cash account | |
| Mobile App |  | |
| Two-Factor Authentication | ||
| Locations | ||
| Online Community | ||
| Seminars | ||
| Trading Platform | ||
| Virtual Trading | ||
| Single Stock Diversification | ||
| Fractional Shares | ||
| Taxable Accounts | ||
| 401k Plans | ||
| IRA Accounts | ||
| Roth IRA Accounts | ||
| SEP IRA Accounts | ||
| Trust Accounts | ||
| 529 Plans | ||
CreditDonkey® Reviews | ||
| Annual Fee |  |  |
| Minimum Deposit | | |
| Mobile App | | |
| Customer Service |  | |
| Ease of Use | | |
| Research | | |
| Human Advisors | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Commission-free investing app that allows you to choose your own investments... | Great robo-advisor for beginners with low fees, good tools, and tax strategies... |
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. Betterment: Pricing information from published website as of 01/12/2025 | ||
Which is Better: M1 Finance or Betterment?
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.
Articles on M1 Finance
M1 Review
Is M1 Finance legitimate and safe? Find out the pros, cons, fees, and more. An essential read for beginners interested in M1 Finance.
Best M1 Finance Pie
M1 Finance is a commission-free investment app offering ready-made portfolios that are made up of "pies." What's the best M1 Finance Pie? Find out.
M1 Finance Alternatives
M1 Finance is a popular app for commission-free investing. But is there a better option for you? Find out in this detailed guide to M1 Finance alternatives.
Articles on Betterment
Betterment Investing
Betterment offers low fees and good returns. But there are risks you should NOT ignore. Read this review to see if Betterment is better.
Is Betterment Worth The Fee
Betterment will manage your investments, but they charge a fee. Is Betterment worth the fee? Read on to answer all your questions.
Betterment Roth IRA
Is Betterment a good way to invest for retirement? What about the fees and withdrawals? Read on to learn how Betterment's Roth IRA account works.
Betterment vs Wealthfront
Betterment and Wealthfront are two of the oldest and most popular robo-advisors. Is there a difference? Which is better for you? Read on to find out.
Which Do You Think is Best?
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