Competitors
50
Summary
M1 Finance is a fintech platform that offers a suite of financial services including investing, earning interest on cash accounts, spending, and borrowing. It provides users with tools to build and automate investment portfolios, manage their finances, and access credit.
Feature Matches5/12
See all5/12
Must Have
2 of 5
Commission-Free Stock Trading
Bitcoin Trading
Instant P2P Transfers
Prepaid Debit Card (Cash App Card)
Early Direct Deposit
Other
3 of 7
Fraud Monitoring & Security
High-Yield Savings
Instant Discounts & Offers
Round-Up Savings
Pay Over Time (Afterpay)
Customizable Card Designs
ATM Access & Fee Reimbursement
PricingFreemium
See allFreemium
Individual Brokerage Account
$0.00 one time
- Build a custom portfolio of stocks and ETFs
- Automate your strategy
- Invest commission-free
- A $3 monthly platform fee will apply to clients with less than $10,000 in M1 assets or without an active Personal Loan.
Joint Brokerage Account
$0.00 one time
- Work as a team to invest in your future
- Share responsibility
- Build healthy habits
- Invest with transparency
- Plan your legacy
- A $3 monthly platform fee will apply to clients with less than $10,000 in M1 assets or without an active Personal Loan.
Custodial Account
$0.00 one time
- Invest on a child’s behalf
- Teach the value of a long-term mindset
- Time is the precious recourse
- Tailor your investing strategy
- A $3 monthly platform fee will apply to clients with less than $10,000 in M1 assets or without an active Personal Loan.
Traditional IRA
$0.00 one time
- Manage your own investments
- Automate contributions
- Take control of your future
- Contributions to a Traditional IRA are usually tax-deductible.
- A $3 monthly platform fee will apply to clients with less than $10,000 in M1 assets or without an active Personal Loan.
Roth IRA
$0.00 one time
- Manage your own investments
- Automate contributions
- Take control of your future
- When it’s time to withdraw, you’ll be able to put every qualified dollar to use, tax-free.
- A $3 monthly platform fee will apply to clients with less than $10,000 in M1 assets or without an active Personal Loan.
SEP IRA
$0.00 one time
- Manage your own investments
- Automate contributions
- Take control of your future
- SEP (Simplified Employee Pension) IRAs are available to those who are self-employed, own a business, employ others, or earn freelance income.
- A $3 monthly platform fee will apply to clients with less than $10,000 in M1 assets or without an active Personal Loan.
Rationale
M1 offers commission-free stock trading and bitcoin trading, which are must-have features. It also provides high-yield cash accounts, aligning with the 'High-Yield Savings' feature, and emphasizes account safeguarding, which relates to 'Fraud Monitoring & Security'. However, it lacks direct peer-to-peer transfers, a customizable prepaid debit card, and early direct deposit, which are core to the Cash App concept.
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See allBest alternatives to [Product] in 2024?
Reddit·tech_enthusiast·2d ago·+142
I've been using Alternative A for 6 months now and it's been fantastic. The pricing is much better and the features are actually more robust than what [Product] offers.
Show HN: We built a better [Product]
Hacker News·startup_founder·5d ago·+89
After struggling with [Product]'s limitations, we decided to build our own solution.
It handles edge cases much better and the API is actually documented properly.
Check it out at our site.
[Product] vs Competitor B - which one should I choose?
Reddit·confused_buyer·Oct 14·+67
Honestly, after trying both, Competitor B wins hands down. Better customer support, cleaner interface, and they don't nickel and dime you for every feature.
Why we migrated away from [Product]
Hacker News·cto_mike·Oct 11·+234
The breaking point was when they changed their API without notice. We lost 3 days of productivity. Solution C has been rock solid for us since we switched.