M1 Finance vs OANDA

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

	M1 Finance	OANDA

	Learn More	Visit Site
	SPECIAL OFFER Commission Free Stock Trading - Learn More Read M1 Finance Review	SPECIAL OFFER Earn Cash Rebates of up to $17 per Million - Learn More Read OANDA Review
	Benefits and Features
Stock Trading	$0	No
Options Trading	No	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	$100 ($500 for IRAs, $5,000 for Trust Account)	$0
Mutual Fund Trading	No	No
Commission Free ETFs	All U.S. listed ETFs	Not available
Phone Support	Monday - Friday 9:30 am to 4 pm EST
Live Chat Support	No	Yes
Email Support	Yes
Human Advisors	No
Assets Under Management	$4.5 Billion
Penny Stocks		Not available
Tax Loss Harvesting	No, but offers tax minimization features
Goal Tracker	No
Automatic Deposits	Yes
Broker Assisted Trades	Included	Not available
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)	$10/month
Maintenance Fee	$3 monthly platform fee for accounts with less than $10,000 in M1 assets, or without an active M1 Personal Loan	None
Online Platform	Yes	Yes
iPhone App	Yes (4.6 stars, 33.3k ratings)
Android App	Yes (4.5 stars, 15.7k ratings)
Banking		No
Mobile App		Yes
Desktop App		Yes (fxTrade)
Two-Factor Authentication	Yes
Forex Trading		Yes
Futures Trading		No
Bond Trading		No
CFD Trading		Yes (CFD trading is not permitted in the US)
Currency Trading		Yes
Customer Service		Local number +1 212 858 7690; Toll-free number 1 877 OANDA FX (1 877 626 3239) Sunday 4PM ET to Friday 6PM ET
Locations	No	Online only
Online Community	No	Yes
Seminars	No	Yes
Trading Platform		OANDA Web, OANDA Mobile, TradingVIew, MetaTrader4
Virtual Trading	No	Yes
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

Annual Fee
Minimum Deposit
Mobile App
Customer Service
Ease of Use
Research
Spread
Education
Forex Trading
Trading Platform
Trustworthy
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: $0 minimum Exceptional customer service User-friendly platform Cons: Only 1:50 leverage Slow withdrawal processing Incomprehensive educational videos
Bottom Line	Commission-free investing app that allows you to choose your own investments... Read full review	Regulated forex broker with no minimum deposit... Read full review
	Learn More	Visit Site
	Commission Free Stock Trading M1 Finance Fees Invest Automatically with M1 Finance	Earn Cash Rebates of up to $17 per Million Reduce Trading Cost by Up to 34% with Cash Rebates Open a Forex Account
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. OANDA: Information sourced from the published website as of 04/22/2024. OANDA: OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States. OANDA CORPORATION IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. OANDA Corporation is not party to any transactions in digital assets and does not custody digital assets on your behalf. All digital asset transactions occur on the Paxos Trust Company exchange. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation. Digital assets held with Paxos are not protected by SIPC. Paxos is not an NFA member and is not subject to the NFA's regulatory oversight and examinations. Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks.

Which is Better: M1 Finance or OANDA?

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In short: OANDA's customer service is outstanding.

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