Are you confused about whether to choose M1 Finance vs TradeStation as a broker for your investing needs?
In this side-by-side comparison, we analyse M1 Finance vs TradeStation to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.
Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!
M1 Finance vs TradeStation: In a Nutshell
Mixed financial services, primarily Robo Advisor - US only
M1 Finance is a financial technology company that offers a unique blend of investing, banking, and personal finance management services.
It combines the features of a robo-advisor and a brokerage platform, allowing users to create customized investment portfolios and manage their money efficiently.
M1 Finance aims to empower individuals to take control of their financial future through a user-friendly and intuitive platform.
US investors looking for commission-free trades
TradeStation is a comprehensive online brokerage platform designed for active traders and investors, giving you a wide range of tradable assets (stocks, ETFs, options, futures, and forex),
One of the standout features of TradeStation is its robust trading technology. The platform provides access to real-time market data, customizable charting tools, and advanced order execution options.
The platform offers a wide range of educational resources, including webinars, tutorials, and a vibrant online community where traders can exchange ideas and insights.
Pros and Cons
M1 Finance
Pros
- High-yield savings account
- Commission-free stock and ETF investing
- Automated investing solutions
- Flexible personal loans
- Traditional, Roth and SEP IRAs
Cons
- No tax loss harvesting available
- No Financial Advisors
TradeStation
Pros
- 0% commissions on stocks and ETFs
- Low commission on options trading
- Good research and education tools
- Sophisticated trading platforms
Cons
- Minimum deposit of $500
- High fees on withdrawal
- Weak customer support
M1 Finance vs TradeStation: Side-by-side Comparison
- General Information
- Founded in
- Demo Account
- Account Minimum
- Interest on unninvested cash (annually)
- Products
- Stocks
- ETFs
- Bonds
- Funds
- Options
- Futures
- CFDs
- Leverage Products
- Forex
- Cryptocurrencies
- Commodities
- Fees
- US stocks
- EU stocks
- ETFs
- Cryptocurrencies
- Custody Fee
- Inactivity Fee
- Withdrawal Fee
- Connectivity Fee
- Currency Conversion Fee
- Security
- Regulators
- Investor Compensation Scheme(per person, per institution)
Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.
