eOption vs M1 - BrokerCue
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Broker Comparison

eOption vs M1

Compare eOption and M1 side by side: fees, regulation, platforms.

eOption

eOption

Active, low-cost options traders

eOption is a US discount broker offering commission-free stocks and ETFs, low-cost options trading at $0.10 pโ€ฆ

VS
M1

M1

Long-term investors using automated portfolios

M1 combines automated Pies for stocks, ETFs, funds and crypto with scheduled trade windows, cash accounts andโ€ฆ

Head-to-head comparison

eOption vs M1
Feature eOption M1
Minimum deposit - -
Stock trading fee $0 per trade (domestic); $39 per trade (foreign) Regulatory expenses occur when users sell a stock or ETF
Regulators FINRA, SIPC SEC, FINRA
Best for Active, low-cost options traders Long-term investors using automated portfolios
Markets & account
Stocks
ETFs
Crypto
-
Bonds
-
Options
-
Funds
Margin
Demo Account
-
Investment Plans
-

Pros & cons

eOption

eOption

Pros

  • Commission-free domestic stock and ETF trades
  • Low options commissions at $0.10 per contract plus $1.99 per execution
  • Paper trading account available for practice
  • Direct-access platforms including DAS Trader Pro and Sterling Trader Pro
  • Free OptionsPlay integration for options analysis
  • No account minimum for domestic cash accounts
  • SIPC protection plus excess SIPC coverage up to $25,000,000 per customer

Cons

  • Inactivity fee of $50/year for accounts under $25,000 with fewer than two trades annually
  • Wire withdrawal fee of $35 per transfer
  • No crypto trading available
  • No fractional shares
  • No futures trading
  • International accounts require a $25,000 minimum deposit
  • Limited fundamental research tools compared to larger brokers
  • Foreign stock trades cost $39 per trade
M1

M1

Pros

  • No commission, trading or management fees on self-directed brokerage accounts
  • Pies invest new deposits toward target allocations automatically
  • Dynamic rebalancing buys underweight Slices first
  • One-click rebalancing returns a Pie to preset targets
  • Cash accounts show 3.10% APY and FDIC insurance up to $4.75 million
  • Margin loans shown at 5.65% with no minimum payment or late fees
  • Crypto Pies use Bakkt custody and can trade 7 days a week

Cons

  • $3 platform fee applies below $10,000 in M1 assets unless waived
  • Trades execute during scheduled trade windows, not in real time
  • Crypto holdings are not FDIC or SIPC insured
  • Crypto on-demand trading is limited to 10 trades per calendar month
  • Margin loans require at least $2,000 invested in eligible accounts
  • Crypto can't be included in an IRA
  • Outgoing account transfers cost $100
eOption

eOption

eOption is a US discount broker offering commission-free stocks and ETFs, low-cost options trading at $0.10 per contract, and direct-access platforms for active traders.

Your capital is at risk. Other fees apply.

M1

M1

M1 combines automated Pies for stocks, ETFs, funds and crypto with scheduled trade windows, cash accounts and margin loans.

Your capital is at risk. Other fees apply.

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