M1 Finance vs WeBull Comparison: Fees, Features, and More (2026)

M1 Finance and WeBull 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 2026.

Head-to-Head Comparison: M1 Finance vs WeBull (2026)
Feature M1 Finance WeBull
Website https://www.m1finance.com/ https://www.webull.com/
Broker Type Self-directed discount brokerage Discount
Trading: Stock & ETF? Yes Yes
ETF & Stock commission $0 commission; $3/mo platform fee if assets <$10k (waived at $10k+ or with loan) $0 commission; regulatory fees may apply
Fractional Shares? Yes (to 1/100,000th of a share) Yes; eligible U.S. stocks and ETFs
Percent Allocations? Yes (M1 Pies with custom target % allocations) Yes; Portfolio Blueprint
Crypto Trading? Yes (Bakkt Crypto Account; BTC, ETH, LTC; US 18+) Yes
Crypto Fees Bakkt 1% (100 bps) on buys/sells (in exec. price); M1 $0 commission 1% spread (stablecoins exempt)
Options Trading? No Yes
Options Fee N/A $0; $0.50/contract for certain index options
Bond Trading Available? No Yes; U.S. Treasury and corporate bonds
Receives payment for order flow (PFOF)? Yes (receives PFOF ~$0.002/share) Yes
Interface: Web trading? Yes (web m1.com and iOS/Android apps) Yes
Desktop trading? No Yes; Webull Desktop
API Trading? No Yes; Webull Open API
Mutual Funds: Offered? No Yes
Total Mutual Funds None Not publicly stated; availability varies
NTF Mutual Funds None None stated; money-market funds exempt
Non-NTF Fund Fee N/A Lesser of 3% or $14.95
Early Redemption Fee? N/A Yes; no short-term redemption-fee funds currently
Redemption Hold (Days) N/A None currently
Early Redemption Fee N/A None from Webull; fund-specific terms may apply
Accounts: Margin Accounts? Yes; Individual/Joint brokerage accounts include M1 Margin Loan by default ($2,000 min equity). Not for IRAs. Yes
IRAs Offered? Yes; Traditional, Roth, and SEP IRAs available ($500 minimum). Yes; Traditional, Roth, and Rollover
HSAs Offered? No No
Money Market Sweep? Yes; High-Yield Cash Account has FDIC bank sweep. Invest-account cash does not auto-sweep (transfer required). Yes; Webull Cash Management FDIC bank sweep
CDs Offered? No No
Robo-Advisor: Offered No (self-directed Pies/auto-invest; optional non-discretionary M1 Advisory) Yes
Robo-Advisor Service M1 Pies (self-directed); M1 Advisory / M1 Advisor (AI, non-discretionary) Webull Advisors
Robo-Advisor Fees $3/mo platform fee if <$10k assets (waived at $10k+ or Personal Loan); advisory currently 0% (up to 0.20%) 0.15%-0.30% annually (0.20% diversified example)
Basics: Headquarters Chicago, IL St. Petersburg, FL
Year Founded 2015 2017
Clearing Firm M1 Finance LLC (self-clearing Individual/Joint); Apex Clearing (IRA/Trust/Custodial) Apex Clearing Corporation
Local Branches? No No; corporate offices only
New Account Minimum $100 (individual/joint taxable); $500 (IRAs) $0

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


Picked a Broker? Now Build Your Perfect Portfolio

Find high-performing, investable model portfolios (Tactical, Strategic, and Managed) at RecipeInvesting.com.

Get FREE Access
Recipe Investing Logo

Compare M1 Finance to All Brokers