- >Best Crypto Exchanges
- >M1 Finance vs. Robinhood
There are so many powerful crypto trading platforms, with many offering similar features. Choosing between them isn’t as straightforward as you may think, and that’s where this review comes in. Today, we’ll compare and contrast M1 Finance vs Robinhood to help you decide between the two.
Robinhood vs M1 Finance: Comparison at a Glance
The two exchanges in today’s showdown share several common features as well as their own unique strengths. This table provides you with a quick overview of what each platform has to offer.
Both options in the M1 Finance vs Robinhood comparison are mainly for trading traditional stock. However, the surge in the popularity of cryptocurrencies forced them to also start listing crypto on their platforms.
This article is meant to provide users with a quick guide to decide which provider meets their crypto trading needs. For a more in-depth discussion of these platforms, you should read our Robinhood review and compare it to our M1 Finance review.
Reading our in-depth analyses will provide you with a comprehensive guide on what these exchanges have to offer, how easy they are to use, and whether we recommend them.
- Banking super app with stocks, ETFs, IRAs, credit cards and more
- Community pies where you can follow other investor’s strategies
- M1 checking account offers up to 1% APY
- Access to crypto-based stocks like COIN, Microstrategy and more
- A great one-stop shop for anyone looking to invest in cryptocurrency or stocks
- Easy onboarding procedure requires very little from user
- Fully regulated financial institution in the United States
- Support for BTC, ETH, LTC, BCH, DOGE, ETC, and BSV
This table is meant to compare key features and capabilities of two trusted crypto investment platforms. We cover what makes each one unique, so you can decide which is right for you.
Which One Is Better, Robinhood or M1 Finance?
Both exchanges in the Robinhood vs M1 Finance comparison offer well-suited platforms for investing. However, what separates them is the goals of their users.
M1 Finance caters to hands-off investors who don’t mind automating their portfolio holdings. Their ideal users don’t trade daily and value a diversified portfolio for the long term.
On the other hand, Robinhood is great for casual investors who want to trade stocks and crypto in a manner that is simple and low cost.
FAQs
The main differences are that the former caters more to active traders while the latter aims to serve passive long-term investors.
Both are commission-free. However, Robinhood charges a spread on transactions, while M1 Finance charges a 1% fee through their crypto trading partner, Bakkt. This fee is built into the trade price.
M1 Finance is built for automation, while Robinhood is optimized for active trading.
Robinhood does not have an account minimum, while M1’s account minimum is approximately $100.
M1 is the better platform for long-term investors, and its pie system is designed to encourage a long-term investing strategy.
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