Quick Summary
M1 Finance is the best all-around platform for dividend investors. Their "Pie" system makes building and rebalancing a dividend portfolio effortless, and they offer free DRIP and fractional shares.
Dividend investors
Long-term holders
Portfolio automation
Fees & Costs
Trading Commission
$0
Account Minimum
$100
Account Fees
$0
DRIP Fees
$0 (automatic)
Transfer Fees
$0 in, $0-100 out
Features & Ratings
DRIP Support
Yes (Automatic)Fractional Shares
YesResearch Tools
GoodMobile App
ExcellentCustomer Support
GoodEducational Resources
Good5/5
Ease of Use
4/5
Platform Speed
5/5
Reliability
Pros
- Free dividend reinvestment (DRIP)
- Fractional shares for all stocks
- "Pies" make portfolio management easy
- Automatic rebalancing
- No trading commissions
- M1 Plus offers 1% cash back on spending
- Great mobile app
- Low $100 minimum to start
Cons
- Only one trading window per day (not for active traders)
- Limited research tools compared to Fidelity
- No options trading on basic plan
- Customer support can be slow
- Not ideal for frequent trading
Perfect For
- Long-term dividend investors
- People who want to "set and forget"
- Beginners who want simplicity
- Portfolio builders who like visual interfaces
- Anyone wanting automated dividend reinvestment
Not Ideal For
- Day traders or active traders
- Options traders (unless M1 Plus)
- People needing extensive research tools
- Those requiring 24/7 customer support