Moomoo vs M1 Finance

Moomoo vs M1 Finance Comparison Table 2024
Moomoo	M1 Finance
Review 4.3 Moomoo is #10 in our broker rankings.	Review 3.9 M1 Finance is #31 in our broker rankings.
Traders from US accepted	Traders from US accepted
Moomoo is an SEC-regulated app-based investment platform that offers a straightforward and affordable way to invest in Chinese, Hong Kong, Singaporean, Australian and US stocks, ETFs and other assets. Margin trading is available and the brand offers a zero-deposit account as well as several bonuses.	M1 Finance is a US brokerage that allows users to build a customizable investment portfolio from a range of 6000+ stocks and shares, ETFs and cryptocurrencies. The innovative 'pie' based portfolio management system allows traders to build several portfolios with different aims, and the brokerage supports machine-learning tools that can provide automated portfolio management.
Customer Reviews
3.5 Based on 2 Moomoo customer reviews
Bonus Offer
Get up to 15 free stocks worth up to $2000	M1 Finance Plus free for 3 months on new accounts
Comment by Reviewer
"Moomoo remains an excellent choice for new and intermediate stock traders who want to build a diverse investment portfolio. What really stands out is the broker's user-friendly app and the low trading fees."	"M1 Finance remains a great choice for US investors who want a straightforward, commission-free way to invest in stocks and crypto. The intuitive dashboard, customizable portfolios and fractional shares should appeal to all experience levels and investing goals. "
Pros
It is reassuring that Moomoo holds licenses with the US Securities and Exchange Commission (SEC) and the Monetary Authority of Singapore (MAS), among others Moomoo is a Member of FINRA and the Securities Investor Protection Corporation (SIPC), adding another level of security for prospective clients The ‘Moomoo Token’ generates dynamic passwords for transaction security - a unique and helpful safety feature Moomoo's analytics and insights are impressive and detailed compared to other brands There is no minimum deposit requirement making the broker accessible for beginners The broker offers access to extended pre-market trading hours There are reduced options contract fees from $0.65 to $0	Thanks to additional extras like a bank account and loan service, M1 Finance continues to offer a one-stop shop for investors The broker offers commission-free stocks with low fees, plus fractional shares, making it a great choice for beginners The broker delivers a clean and easy-to-use dashboard that illustrates the current composition of your portfolio The firm offers a straightforward proprietary platform with intuitive portfolio management tools Multiple portfolios can be facilitated, with up to five accounts under the same login Customizable 'pies' allow investors to curate their own ETFs The range of 6000+ stocks and ETFs is highly competitive Bitcoin trading is available through M1 Crypto
Cons
There is no negative balance protection, which is a common safety feature at top-tier-regulated brokers It's a shame that there is no 2 factor authentication (2FA), despite the other security features on offer There is no phone or live chat support - common options at most other brokers	Despite offering stocks and ETFs, M1 Finance doesn’t provide trading on mutual funds or options Unlike competitors such as Betterment, M1 does not employ any human financial advisors M1 Finance is only available in the US – eToro is a top alternative for the UK market Accounts with less than $20 and no trading activity for 90 days are charged a fee The way trades are placed puts transaction timing out of your control You cannot consolidate external accounts for planning purposes There are no stop-limit or stop-loss orders
Awards
Best Trading Platform 2022 - Fintech Breakthrough Best Active Trading App 2021 - Investing Simple Best Trading Technology 2021 - Benzinga Best Online Stock Brokers 2021 - Benzinga	Best Roth IRA Accounts - 2020
Instruments
Stocks, Options, ETFs, ADRs, OTCs	Stocks, ETFs, OTC stocks
Demo Account
Yes	Yes
Minimum Deposit
$0	$100
Trading Platforms
Desktop Platform Mobile App	Own
Payment Methods
ACH Transfer Wire Transfer	Automated Customer Account Transfer Service Cheque Wire Transfer
Minimum Trade
$0	$1
Regulator
SEC, FINRA, MAS, ASIC, SFC	SEC, FINRA
Margin Trading
Yes	Yes
Margin Rate
6.8	3.5 - 5%
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
Robo Advisor
No	Yes
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
Yes (iOS & Android)	Yes
Android App Rating
3.3
iOS App Rating
4.6
Auto Trading
	Yes
Copy Trading
No	No
Social Trading
No	No
Trade Signals
None
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	Yes
Guaranteed Stop Loss
No	No
Inactivity Fee
$0	$20
Islamic Account
No	No
Account Currencies
USD HKD SGD	USD
Stock Exchanges
Australian Securities Exchange (ASX) Chicago Mercantile Exchange Hong Kong Stock Exchange Nasdaq New York Stock Exchange	Dow Jones Nasdaq New York Stock Exchange
Cryptocurrency
Crypto trading not offered	M1 Finance users can open a crypto account to invest in 10 cryptocurrencies including Bitcoin, Ethereum, Cardano and Solana. You can also invest in six crypto-related funds and ETFs, which are a good way to get broader exposure to the digital currency market.
Spread
	Variable
Coins
	BTC ADA AVE ETH LINK ALDO BAT ATOM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review