m1 finance
Robinhood
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Overview
m1 finance was founded in 2018 and is headquartered in Australia, while Robinhood was established in 2013 and is based in USA. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. m1 finance serves 10,000+ clients worldwide; Robinhood has 10,000,000+. The minimum deposit is $250 at m1 finance and $0 at Robinhood.
| Feature | m1 finance | Robinhood |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F273 | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) |
| Founded | 2018 | 2013 |
| Country | Australia | USA |
| Clients | 10,000+ | 10,000,000+ |
Fees
Fees are a critical factor when choosing between m1 finance and Robinhood, directly affecting your bottom line as a trader. Robinhood has a lower barrier to entry with a minimum deposit of $0 (vs $250 at m1 finance). Neither broker charges withdrawal fees. m1 finance charges deposit fees; Robinhood does not. Overall, Robinhood scores higher on fees in our assessment.
| Feature | m1 finance | Robinhood |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
m1 finance offers MT4, MT5, cTrader, while Robinhood supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. m1 finance edges ahead on platform breadth and functionality in our scoring.
| Feature | m1 finance | Robinhood |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how m1 finance and Robinhood compare. Robinhood runs regular live webinars; m1 finance does not. Both provide video tutorials. Robinhood publishes daily market commentary; m1 finance does not. Both integrate third-party research tools. Robinhood maintains an archive of past webinars for on-demand viewing. Robinhood scores higher overall in education and research.
| Feature | m1 finance | Robinhood |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. m1 finance accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while Robinhood supports 1 (bank transfer). m1 finance uniquely supports credit/debit card and PayPal and Skrill and Neteller among the two brokers. m1 finance scores higher on deposit and withdrawal flexibility.
| Feature | m1 finance | Robinhood |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both m1 finance and Robinhood offer live chat support. m1 finance offers phone support; Robinhood does not. Email support is available at both brokers. m1 finance supports 8 languages and Robinhood supports 13, giving Robinhood broader global reach. m1 finance scores higher overall on customer support in our assessment.
| Feature | m1 finance | Robinhood |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |