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

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

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


Compare SogoTrade to All Brokers