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

M1 Finance and SogoTrade 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 SogoTrade (2025)
Feature M1 Finance SogoTrade
Website https://www.m1finance.com/ https://www.sogotrade.com/
Broker Type Discount Discount
Trading: Stock & ETF? Yes Yes
ETF & Stock commission No fee $0 for limit orders, $2.88 for market orders
Fractional Shares? Yes No
Percent Allocations? Yes; M1 Pies No
Crypto Trading? No No
Crypto Fees not applicable not applicable
Options Trading? No Yes
Options Fee not applicable 50 cents
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 No
CDs Offered? Yes No
Robo-Advisor: Offered Yes Yes
Robo-Advisor Service none Power Portfolios
Robo-Advisor Fes not applicable 0.75%
Basics: Headquarters Chicago, IL New York, NY
Year Founded 2015 1986
Clearing Firm Apex Clearing Apex Clearing
Local Branches? No No
New Account Minimum $100 unavailable

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