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TradeStation vs M1 Finance


 TradeStation
 Visit SiteLearn More
 

TradeStation

M1 Finance

SPECIAL OFFER
Trade Futures in IRA for $0.65 - Learn More

SPECIAL OFFER
Commission Free Stock Trading - Learn More

Read M1 Finance Review

 

Benefits and Features

Stock Trading
$0 commission
$0
Options Trading$0 Commission + $0.60 per contract
No
Annual Fee
None
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 ($500 for IRAs, $5,000 for Trust Account)
Mutual Fund Trading
$14.95 per transaction
No
Commission Free ETFs
more than 2,000 ETFs
All U.S. listed ETFs
Phone Support800.822.0512 U.S. (toll-free) | 954.652.7900 U.S. (direct)
Monday - Friday, 8AM - 5PM ET
Monday - Friday 9:30 am to 4 pm EST
Live Chat SupportYes (Monday - Friday, 8AM - 5PM ET)
No
Email Support
Yes (Sales@TradeStation.com)
Yes
Human Advisors
Yes
No
Robo Advisor
No
 
Assets Under Management 
$4.5 Billion
Penny Stocks
Yes
 
Tax Loss Harvesting
No
No, but offers tax minimization features
Goal Tracker
No
No
Automatic Deposits
No
Yes
Broker Assisted Trades
$25
Included
Good For
Day Traders
DIY investing with passive portfolio management
Inactivity Fee
$10/month
$50 (for accounts with $50 or less and no trading or deposit 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 (4.5 stars, 17.3K ratings)
Yes (4.6 stars, 33.3k ratings)
Android App
Yes (4.4 stars, 5.98K ratings)
Yes (4.5 stars, 15.7k ratings)
Banking
No
 
Mobile App
Yes
Check
Desktop App
Yes
 
Two-Factor AuthenticationAuth0 Guardian app, SMS, or Google Authenticator app
Yes
Forex TradingYes (not available in TradeStation US) 
Futures Trading$1.50 per Standard contract per side and $0.50 per Micro contract per side 
Bond Trading
Yes
 
CFD TradingYes (CFD trading is not permitted in the US.) 
Currency TradingYes (not available in TradeStation US) 
Customer ServicePhone: 800-822-0512 | 954-652-7900
Monday - Friday: 8AM - 5PM ET
Live Chat
Email: Sales@TradeStation.com
 
Locations
Online only
No
Online Community
Yes
No
Seminars
Yes
No
Trading PlatformDesktop, Web Trading, Mobile Apps, FuturesPlus
Web Trading, Mobile Apps
Virtual Trading
Yes
No
Fractional Shares
No
Yes
Taxable Accounts
Yes
Yes
401k Plans
No
No
IRA Accounts
Yes
Yes
Roth IRA Accounts
Yes
Yes
SEP IRA Accounts
Yes
Yes
Trust Accounts
Yes
Yes
529 Plans
No
No
 

CreditDonkey® Reviews

 TradeStation
Annual FeeStarStarStarStarStar
Minimum DepositStarStarStarStarStar
Mobile AppStarStarStarStarHalf Star
Customer ServiceStarStarStarHalf StarEmpty Star
Ease of UseStarStarStarStarHalf Star
ResearchStarEmpty StarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • Choose your own investments
  • Can invest in individual stocks
  • Morning and afternoon trade windows
Cons:
  • No research
  • No human advisors
  • Platform fee
Bottom LineCommission-free investing app that allows you to choose your own investments... Read full review
 Visit SiteLearn More

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.

TradeStation

Trade Futures in IRA for $0.65

Trade futures in your IRA account for a discounted rate of $0.65 per contract per side. Use promo code 0035AEZP to get special offer. Terms and conditions apply.

TradeStation

Trade Options for $0.25 Per Options Contract

Active options traders can enjoy limited-time pricing of just $0.25 per options contract on new accounts when you sign up by December 31, 2024. Additional terms apply, and pricing is subject to change. Options trading is not suitable for all investors.

Expires in 5 days

Articles on M1 Finance

M1 Finance

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.

Which Do You Think is Best?





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