M1 Finance vs Interactive Brokers Comparison: Fees, Features, and More (2025)

M1 Finance and Interactive Brokers are two leading discount brokerages offering commission-free stock and ETF trading. Use this head-to-head comparison table to evaluate fees, features, trading tools, and account options to help you decide which broker is right for you in 2025.

Head-to-Head Comparison: M1 Finance vs Interactive Brokers (2025)
Feature M1 Finance Interactive Brokers
Website https://www.m1finance.com/ https://www.interactivebrokers.com/
Broker Type Discount Discount
Trading: Stock & ETF? Yes Yes
ETF & Stock commission No fee $0 for IBKR Lite, $0.005 per share for IBKR Pro (minimum $1)
Fractional Shares? Yes Yes
Percent Allocations? Yes; M1 Pies Yes; Portfolio Builder or "Rebalance Portfolio" window in Trader Workstation
Crypto Trading? No Yes, via providers
Crypto Fees not applicable 0.18%
Options Trading? No Yes
Options Fee not applicable 15 to 65 cents
Bond Trading Available? No Yes
Pays for Order Flow (PFOF)? Yes No
Interface: Web trading? Yes Yes
Desktop trading? No Yes; Trader Workstation
API Trading? No Yes; Trader Workstation API
Mutual Funds: Offered? No Yes
Total Mutual Funds None Over 43,000
NTF Mutual Funds None Over 19,000
Non-NTF Fund Fee not applicable $14.95 or 3% of trade value (whichever is lower)
Early Redemption Fee? not applicable Yes
Redemption Hold (Days) not applicable 0 days (but fund company fees may apply)
Early Redemption Fee not applicable $0 (but fund company fees may apply)
Accounts: Margin Accounts? Yes Yes
IRAs Offered? Yes Yes
HSAs Offered? No No
Money Market Sweep? No Yes
CDs Offered? Yes Yes
Robo-Advisor: Offered Yes Yes
Robo-Advisor Service none PortfolioAnalyst
Robo-Advisor Fes not applicable 0.08% to 1.50%
Basics: Headquarters Chicago, IL Greenwich, CT
Year Founded 2015 1978
Clearing Firm Apex Clearing Self-clearing
Local Branches? No Yes, about 2 locations
New Account Minimum $100 $0

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