In the M1 Finance vs. Robinhood debate, it’s essential to note that, while both platforms charge zero commission, there are important differences between the two services. Both offer users full control over their investments and are committed to getting users acquainted with trading and investments. M1 is perfect for investors looking for investment strategies and then an automated process to keep deploying these strategies. Robinhood, on the other hand, lets the investors learn the ropes on their own.
Where M1 only lets you invest in ETFs and stocks, Robinhood allows trading in cryptocurrency and options as well. Robinhood also offers investments in individual positions, while M1 is built for portfolios. You make your own trades with Robinhood, while with M1, the investment process is automatized, and the service acts as a robo advisor. Overall, if you are looking to create a long-term portfolio investment, M1 is your better pick. Robinhood works better for trading in individual positions, or for those interested in investing in cryptocurrencies or options.