Their app works on practically every platform, from desktop computers (Windows, Mac, and Linux) to mobile devices (iPhone and Android).
Some of them are obvious (it saves money!
The rating we give investment apps for Service represents a mix between the features available and our overall opinion of the functionality of the app. Now, many firms charge $0 on trades. This is an expense you pay regardless of what platform you invest with. Read my lengthier disclaimer here. M1 Finance and Webull are both very powerful investing platforms.
If you don’t feel comfortable picking your own stocks, M1 Finance even allows you to skip that part of it and copy the pies of other investors.
Neither has an account minimum and both offer a bonus when you sign up with a link here. Betterment Free Promotion 2020: Up To 1 Year Managed Free! Before getting into M1 Finance vs Webull, it's imperative to understand the benefits of using one of these $0 commission platforms. On the free tier, you won't earn any interest or be eligible for any cash back when spending on the debit card they issue you.
M1 also offers prebuilt pies that you are free to invest in, these are called expert pies. If you want access to cheaper margin, consider. This also comes with a less intuitive interface, though, so Webull is more appropriate for seasoned traders rather than beginner investors. The margin rates for both platforms are excellent.
M1 Finance offers free investing for stocks and ETFs only, M1 Finance only offers one trading window per day, making it ineffective for active traders, Webull offers a more advanced trading platform for active investors, M1 Finance focuses on long term investing using portfolios, Webull offers a more technical user interface, M1 Finance has tax minimization and fractional shares, Automatic diversification through pie investing, Free access to professionally-built expert pies, Cannot buy or sell options on the platform, Advanced features make the platform attractive to, Increased access to research and screening tools, Interface can be intimidating for complete beginners, No automatic rebalancing of your portfolio. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We'll assume you're ok with this, but you can opt-out if you wish. Both are nice in their own ways, and I 100% recommend the Webull app for stock info, charts, etc.
M1 Finance has a great platform for long term investors. Imagine, for a moment, that you're looking to buy and hold some stocks.