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

Tradestation 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: Tradestation vs M1 Finance (2025)
Feature Tradestation M1 Finance
Website https://www.tradestation.com/ https://www.m1finance.com/
Broker Type Discount Discount
Trading: Stock & ETF? Yes Yes
ETF & Stock commission No fee No fee
Fractional Shares? No Yes
Percent Allocations? No Yes; M1 Pies
Crypto Trading? Yes No
Crypto Fees 0.25% not applicable
Options Trading? Yes No
Options Fee 60 cents not applicable
Bond Trading Available? Yes No
Pays for Order Flow (PFOF)? Yes Yes
Interface: Web trading? Yes Yes
Desktop trading? Yes; TradeStation No
API Trading? Yes; TradeStation WebAPI No
Mutual Funds: Offered? Yes No
Total Mutual Funds Over 2,000 None
NTF Mutual Funds Around 2,000 None
Non-NTF Fund Fee $14.95 not applicable
Early Redemption Fee? Yes not applicable
Redemption Hold (Days) 60 days not applicable
Early Redemption Fee $50 not applicable
Accounts: Margin Accounts? Yes Yes
IRAs Offered? Yes Yes
HSAs Offered? No No
Money Market Sweep? Yes No
CDs Offered? Yes Yes
Robo-Advisor: Offered No Yes
Robo-Advisor Service none none
Robo-Advisor Fes not applicable not applicable
Basics: Headquarters Plantation, FL Chicago, IL
Year Founded 1982 2015
Clearing Firm Pershing LLC Apex Clearing
Local Branches? No No
New Account Minimum $0 $100

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


Compare Tradestation to All Brokers