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

M1 Finance and Robinhood 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 Robinhood (2025)
Feature M1 Finance Robinhood
Website https://www.m1finance.com/ https://robinhood.com/
Broker Type Discount Mobile-Only
Trading: Stock & ETF? Yes Yes
ETF & Stock commission No fee No fee
Fractional Shares? Yes Yes
Percent Allocations? Yes; M1 Pies No
Crypto Trading? No Yes
Crypto Fees not applicable approx. 1%
Options Trading? No Yes
Options Fee not applicable No fee
Bond Trading Available? No Yes
Pays for Order Flow (PFOF)? Yes Yes
Interface: Web trading? Yes Yes
Desktop trading? No No
API Trading? No No
Mutual Funds: Offered? No No
Total Mutual Funds None None
NTF Mutual Funds None None
Non-NTF Fund Fee not applicable not applicable
Early Redemption Fee? not applicable not applicable
Redemption Hold (Days) not applicable not applicable
Early Redemption Fee not applicable not applicable
Accounts: Margin Accounts? Yes Yes
IRAs Offered? Yes Yes
HSAs Offered? No No
Money Market Sweep? No Yes, Robinhood Gold
CDs Offered? Yes Yes
Robo-Advisor: Offered Yes No
Robo-Advisor Service none none
Robo-Advisor Fes not applicable not applicable
Basics: Headquarters Chicago, IL Menlo Park, CA
Year Founded 2015 2013
Clearing Firm Apex Clearing Robinhood Securities, LLC
Local Branches? No No
New Account Minimum $100 $0

Once you’ve chosen a broker, find high-performing, investable model portfolios at RecipeInvesting.com


Compare M1 Finance to All Brokers