E*TRADE vs M1 Finance 2026: Which Broker is Better?
Choosing between E*TRADE and M1 Finance depends on your trading style, preferred markets, and budget. E*TRADE is headquartered in Arlington, USA, while M1 Finance operates from Chicago, USA. E*TRADE has the longer track record, established in 1982, compared to M1 Finance which was founded in 2015. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
E*TRADE
M1 Finance
| E*TRADE | M1 Finance | |
|---|---|---|
| BrokerRank Score | 3.6/5 ✓ | 3.2/5 |
| Min. Deposit | $0 ✓ | $100 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:4 ✓ | 1:2 |
| Regulation | SEC, CFTC ✓ | SEC |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
E*TRADE is the better choice overall, scoring 3.6/5 vs 3.2/5 on BrokerRank's independent rating. On fees, E*TRADE offers lower spreads (0 pips).
See full side-by-side comparison belowE*TRADE vs M1 Finance: Key Differences
E*TRADE
WinnerM1 Finance
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Fees Comparison
E*TRADE
M1 Finance
Regulation & Trust
E*TRADE holds licences from SEC, CFTC. M1 Finance is regulated by SEC.
Markets & Assets
Both brokers offer access to Stocks, Indices markets. E*TRADE additionally covers Commodities.
Trading Platforms
E*TRADE supports Proprietary Web, Proprietary Mobile. M1 Finance offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
E*TRADE requires no minimum deposit, while M1 Finance sets a minimum deposit of $100. This makes E*TRADE accessible to traders with any budget.
Overall Ratings
BrokerRank scores E*TRADE at 3.60/5 and M1 Finance at 3.20/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. E*TRADE leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
E*TRADE
3.6/5
Choose E*TRADE if you want…
- Higher overall rating (3.6/5)
- No minimum deposit
- Higher leverage (up to 1:4)
- More regulatory licences (2)
M1 Finance
3.2/5
Choose M1 Finance if you want…
Similar strengths to E*TRADE — compare below.
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both E*TRADE & M1 Finance are available in
Frequently Asked Questions
1Is E*TRADE better than M1 Finance?
E*TRADE scores higher overall on our independent rating system. E*TRADE holds a 3.6/5 rating vs M1 Finance's 3.2/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, E*TRADE or M1 Finance?
E*TRADE offers spreads from 0 pips, while M1 Finance starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for E*TRADE vs M1 Finance?
E*TRADE requires a minimum deposit of $0. M1 Finance requires $100.
4Which broker is safer, E*TRADE or M1 Finance?
E*TRADE is regulated by SEC, CFTC, while M1 Finance holds licences from SEC.
5What trading platforms do E*TRADE and M1 Finance support?
E*TRADE supports Proprietary Web, Proprietary Mobile. M1 Finance supports Proprietary Web, Proprietary Mobile.
6Can I use both E*TRADE and M1 Finance?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
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