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

Tastytrade 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 2026.

Head-to-Head Comparison: Tastytrade vs M1 Finance (2026)
Feature Tastytrade M1 Finance
Website https://tastytrade.com/ https://www.m1finance.com/
Broker Type Discount Self-directed discount brokerage
Trading: Stock & ETF? Yes Yes
ETF & Stock commission $0 $0 commission; $3/mo platform fee if assets <$10k (waived at $10k+ or with loan)
Fractional Shares? Yes Yes (to 1/100,000th of a share)
Percent Allocations? No Yes (M1 Pies with custom target % allocations)
Crypto Trading? Yes Yes (Bakkt Crypto Account; BTC, ETH, LTC; US 18+)
Crypto Fees 0.75% BTC/ETH; 1% other crypto (open and close) Bakkt 1% (100 bps) on buys/sells (in exec. price); M1 $0 commission
Options Trading? Yes No
Options Fee $1/contract to open; $0 to close; $10 max per leg N/A
Bond Trading Available? Yes; U.S. Treasuries/T-bills No
Receives payment for order flow (PFOF)? Yes Yes (receives PFOF ~$0.002/share)
Interface: Web trading? Yes Yes (web m1.com and iOS/Android apps)
Desktop trading? Yes; tastytrade Desktop No
API Trading? Yes; tastytrade Open API No
Mutual Funds: Offered? No No
Total Mutual Funds None None
NTF Mutual Funds None None
Non-NTF Fund Fee Not applicable N/A
Early Redemption Fee? Not applicable N/A
Redemption Hold (Days) Not applicable N/A
Early Redemption Fee Not applicable N/A
Accounts: Margin Accounts? Yes Yes; Individual/Joint brokerage accounts include M1 Margin Loan by default ($2,000 min equity). Not for IRAs.
IRAs Offered? Yes; Traditional, Roth, SEP, SIMPLE, and Rollover Yes; Traditional, Roth, and SEP IRAs available ($500 minimum).
HSAs Offered? No No
Money Market Sweep? Yes; futures/crypto account cash sweeps Yes; High-Yield Cash Account has FDIC bank sweep. Invest-account cash does not auto-sweep (transfer required).
CDs Offered? No No
Robo-Advisor: Offered No No (self-directed Pies/auto-invest; optional non-discretionary M1 Advisory)
Robo-Advisor Service None M1 Pies (self-directed); M1 Advisory / M1 Advisor (AI, non-discretionary)
Robo-Advisor Fees Not applicable $3/mo platform fee if <$10k assets (waived at $10k+ or Personal Loan); advisory currently 0% (up to 0.20%)
Basics: Headquarters Chicago, IL Chicago, IL
Year Founded 2017 2015
Clearing Firm Apex Clearing M1 Finance LLC (self-clearing Individual/Joint); Apex Clearing (IRA/Trust/Custodial)
Local Branches? No No
New Account Minimum $100 (individual/joint taxable); $500 (IRAs)

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