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

M1 Finance and TDAmeritrade 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 TDAmeritrade (2025)
Feature M1 Finance TDAmeritrade
Website https://www.m1finance.com/ https://www.tdameritrade.com/
Broker Type Discount Full-Service
Trading: Stock & ETF? Yes Yes
ETF & Stock commission No fee No fee
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 65 cents
Bond Trading Available? No Yes
Pays for Order Flow (PFOF)? Yes Yes
Interface: Web trading? Yes Yes
Desktop trading? No Yes; thinkorswim
API Trading? No Yes; TD Ameritrade for Developers
Mutual Funds: Offered? No Yes
Total Mutual Funds None Over 13,000
NTF Mutual Funds None Over 3,700
Non-NTF Fund Fee not applicable $49.99
Early Redemption Fee? not applicable Yes
Redemption Hold (Days) not applicable 30 days
Early Redemption Fee not applicable $49.99
Accounts: Margin Accounts? Yes Yes
IRAs Offered? Yes Yes
HSAs Offered? No Yes, through other providers
Money Market Sweep? No No
CDs Offered? Yes Yes
Robo-Advisor: Offered Yes Yes
Robo-Advisor Service none Schwab Intelligent Portfolios
Robo-Advisor Fes not applicable 0.00% to 0.30%
Basics: Headquarters Chicago, IL Omaha, NE
Year Founded 2015 1975
Clearing Firm Apex Clearing TD Ameritrade Clearing
Local Branches? No Yes, about 260 locations
New Account Minimum $100 $0

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