Wealthy PotM1 Finance Review (2026)
M1 Finance blends a robo-style automated portfolio with self-directed control through its "pies." It is ideal for set-and-forget investors, less so for anyone who wants to trade actively.
By Wealthy Pot · Last updated September 2026
Pros
- Automated, pie-based portfolios that rebalance for you
- Fractional shares and scheduled deposits
- Good for hands-off, rules-based investing
Cons
- No options trading
- Limited trading windows
- A platform fee may apply on some plans
Who M1 Finance is for
Best for hands-off investors who want to design a portfolio once and have M1 auto-invest and rebalance it on a schedule.
Fees
M1 Finance charges $0 for online stock and ETF trades, with options at n/a (no options). Account minimum: $100 ($500 for IRAs). Fractional shares: yes.
The bottom line
M1 Finance blends a robo-style automated portfolio with self-directed control through its "pies." It is ideal for set-and-forget investors, less so for anyone who wants to trade actively. Main drawback: no options; limited trading windows; $3/mo platform fee (waived with $10k+ in m1 assets).
See how M1 Finance stacks up in our online brokers comparison.
We summarize hands-on assessment, not user reviews. Commissions, options fees, and account minimums change often and are re-checked against M1 Finance's official page. Some outbound links may be affiliate links — that never affects which brokers we include or how we rate them. Nothing here is investment advice.