E*Trade vs M1 Finance - Compare features, fees and more

E*Trade vs M1 Finance Highlights

Here's a look at the differences between these two investment platforms. Minafi's finances are an open book. See how we make money.

E*Trade

Open An Account

Ratings
Rating Type	Rating
Minafi Rating	7/10
Usability Score	7/10
Cost Rating	2/10
Trust Rating	9/10
Company Age Score	5/5
JD Power Score	0/10

Overview
Overview Feature	Included
Founded	1982
Min Investment	$0.00
Classification
Accounts Offered	Joint Roth IRA SEP IRA Solo 401(k) Taxable Traditional IRA
How to Access	Android Application Website iOS Application
Allows Investors from

Features
Feature	Included
Automatic Investing
Automatic Rebalancing
Automatic Tax-Loss Harvesting
Checking Account
Fractional ETF Shares
Free Trades
Good for Beginners
Good for Day Trading
Good for Retirement
Sign Up Bonus

Fees & Expenses
Fee Type	Included
Management Fee	-
Monthly Fee	-
Options Fee
Trade Fee	-

M1 Finance

Open An Account

Ratings
Rating Type	Rating
Minafi Rating	10/10
Usability Score	8/10
Cost Rating	10/10
Trust Rating	8/10
Company Age Score	5/5
JD Power Score	-

Overview
Overview Feature	Included
Founded	2015
Min Investment	$100.00
Classification	Roboadvisor
Accounts Offered	Joint Roth IRA SEP IRA Taxable Traditional IRA Trusts
How to Access	Android Application Website iOS Application
Allows Investors from	United States of America

Features
Feature	Included
Automatic Investing
Automatic Rebalancing
Automatic Tax-Loss Harvesting
Checking Account
Fractional ETF Shares
Free Trades
Good for Beginners
Good for Day Trading
Good for Retirement
Sign Up Bonus

Fees & Expenses
Fee Type	Included
Management Fee	-
Monthly Fee	-
Options Fee	-
Trade Fee	-

E*Trade vs M1 Finance

E*Trade

M1 Finance

Rating

Open An Account

Minafi Rating (out of 10)

7/10

10/10

Usability Score (out of 10)

7/10

8/10

Cost Rating (out of 10)

2/10

10/10

Trust Rating (out of 10)

9/10

8/10

Company Age Score (out of 5)

5/5

JD Power Score (out of 1,000)

0/10

Overview

Year Founded

1982

2015

Min Investment

$0.00

$100.00

Classification

Roboadvisor

Accounts Offered

How to Access

Allows Investors from

United States of America

Features

Automatic Investing

Automatic Rebalancing

Automatic Tax-Loss Harvesting

Checking Account

Fractional ETF Shares

Free Trades

Good for Beginners

Good for Day Trading

Good for Retirement

Fees & Expenses

Management Fee

Monthly Fee

Options Fee

Trade Fee

Fee Table (100% = lowest fees)

	$1k	$100k	$1m
1y	85%	85%	64%
10y	78%	64%	50%
30y	50%	28%	21%

View E*Trade fees

	$1k	$100k	$1m
1y	100%	100%	85%
10y	100%	92%	85%
30y	100%	92%	92%

View M1 Finance fees

Website	https://etrade.com	https://www.m1finance.com
Pros	Built-in bank-to-bank connections for transferring money rather than through a 3rd party. Account offerings for just about everything you could want (401(k), IRA, etc). Full-service platform that doesn’t depend on others. Everything is in-house.	No advisor fee, trading fee, or monthly fee. Concept of “Pies” - preset portfolios you can pick with a single click. Automatic investing enables rebalancing your portfolio as you make new contributions. Borrow against your portfolio with a low-interest loan.
Cons	The number of options may be overwhelming to someone getting started investing. Usability of the interface is focused on power users.	No tax-loss harvesting By adding multiple pies you can easily create an overly complicated portfolio of portfolios that duplicates investments. Limited trading time - On a free account, all of your transactions will happen in the morning. With an M1 Plus account, you can also trade in the afternoon.
Promotions	None
Fees	$0 trade fee for stocks, options and ETFs $0.65 trade fee for options contracts $1.50 trade fee for future contracts See all fees	No management fee - M1 Finance changes no advisor fee. $125/yr fee for an M1 Plus Account. Additional Fees for various other one-off services like wire transfers, paperwork, or account conversions.

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E*Trade vs M1 Finance Comparison

E*Trade vs M1 Finance Highlights

E*Trade

M1 Finance

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