M1 Finance vs Robinhood
Complete comparison to help you choose the right app
M
M1 Finance
Free / M1 Plus $125/year
R
Robinhood
Free / Gold $5/month
Quick Summary
Choose M1 Finance if you want:
- No trading fees
- Automated investing
- Fractional shares
Choose Robinhood if you want:
- No commissions
- Easy to use
- Crypto trading
Feature Comparison
| Feature | M1 Finance | Robinhood |
|---|---|---|
| Rating | 4.5/5 (45.0K reviews) | 4.2/5 (4.2M reviews) |
| Pricing | Free / M1 Plus $125/year | Free / Gold $5/month |
| Platforms | iOS, Android, Web | iOS, Android, Web |
| Best For | first time investors, high earners | first time investors, students |
| Founded | 2015 | 2013 |
Features Overview
M1 Finance Features
- Fractional shares
- Automated rebalancing
- Custom portfolios
- Expert pies
- Retirement accounts
- Borrowing against portfolio
- Cash management
Robinhood Features
- Commission-free trading
- Crypto trading
- Fractional shares
- Cash management
- Options trading
- IPO access
- Real-time market data
Pros & Cons
M1 Finance
Pros
- No trading fees
- Automated investing
- Fractional shares
- High-yield cash account
- Flexible portfolios
Cons
- Limited trading windows
- No tax-loss harvesting in free tier
- Learning curve
Robinhood
Pros
- No commissions
- Easy to use
- Crypto trading
- Fractional shares
- Cash card with rewards
Cons
- Limited research tools
- Past outages during volatility
- Gamification concerns