M1 Finance vs SoFi Invest 2026: Which Broker is Better?
Compare M1 Finance and SoFi Invest side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
M1 Finance
SoFi Invest
| M1 Finance | SoFi Invest | |
|---|---|---|
| BrokerRank Score | 3.2/5 | 3.3/5 ✓ |
| Min. Deposit | $100 | $1 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:2 ✓ | 1:1 |
| Regulation | SEC | SEC |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
SoFi Invest is the better choice overall, scoring 3.3/5 vs 3.2/5 on BrokerRank's independent rating. On fees, M1 Finance offers lower spreads (0 pips).
See full side-by-side comparison belowM1 Finance vs SoFi Invest: Key Differences
M1 Finance
SoFi Invest
WinnerStill deciding between M1 Finance and SoFi Invest?
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Fees Comparison
M1 Finance
SoFi Invest
BrokerRank Verdict
M1 Finance scores 3.20/5 while SoFi Invest scores 3.33/5 in our independent rating.
SoFi Invest edges ahead overall, but M1 Finance may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
Who Should Choose Which?
M1 Finance
3.2/5
Choose M1 Finance if you want…
- Higher leverage (up to 1:2)
SoFi Invest
3.3/5
Choose SoFi Invest if you want…
- Higher overall rating (3.3/5)
- Lower minimum deposit ($1)
- More market types (3)
- More established (est. 2012)
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 M1 Finance & SoFi Invest are available in
Frequently Asked Questions
1Is M1 Finance better than SoFi Invest?
SoFi Invest scores higher overall on our independent rating system. M1 Finance holds a 3.2/5 rating vs SoFi Invest's 3.3/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, M1 Finance or SoFi Invest?
M1 Finance offers spreads from 0 pips, while SoFi Invest starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for M1 Finance vs SoFi Invest?
M1 Finance requires a minimum deposit of $100. SoFi Invest requires $1.
4Which broker is safer, M1 Finance or SoFi Invest?
M1 Finance is regulated by SEC, while SoFi Invest holds licences from SEC.
5What trading platforms do M1 Finance and SoFi Invest support?
M1 Finance supports Proprietary Web, Proprietary Mobile. SoFi Invest supports Proprietary Web, Proprietary Mobile.
6Can I use both M1 Finance and SoFi Invest?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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