Diving Into the Financial Storm: A Revealing Face-Off Between Tornado and M1 Finance.

Let’s Talk Investing: Tornado and M1 Finance Side by Side

Are you looking to move into online trading, or are you new to the game? If so, it’s great to know there are lots of digital platforms out there to choose from. But the fact they’re often new can be a bit off-putting. Here’s a bit of good news, though: both Tornado and M1 Finance have been around since 2015. They’re well-established and reputable. But which one is for you? Let’s dive into Tornado vs M1 Finance and find out.

Tornado Light: Platform Overview

Tornado’s unique vibe stems from its goal to make everyone a more knowledgeable investor through tailor-made content, communal insights, and investing lessons. It grants access to stocks and funds traded on U.S stock exchanges.

What makes Tornado a standout is its creative angle on investment guidance. Online brokers typically offer a robo-advisor with limited user control, or leave you without guidance. Tornado combines the best of both worlds which could be interesting for newbie or casual investors. You can do it alone or consult the community to help shape your decisions on stock trading to maintain a balanced portfolio.

You can also take part in Tornado’s Learn and Earn program. Read up on investment lessons suitable for your skills and earn up to $50 to invest; that’s an incentive to keep knowing more!

Tornado is available on its website and also on iOS and Android. You can use these platforms to research investment choices, assess stocks, see what the big names are trading, and even try out simulated trades.

Taking a Look at M1 Finance

M1 Finance combines automatic investing with portfolio customization. The platform uses “pies”, portfolios that dictate how money is allocated in your account. You can pick from expert-designed pies or create your own, ideal for investors who want to automate strategies without sacrificing personal preferences and risk tolerance.

Pricing and Charges

Tornado has a simple fee structure: a monthly subscription of $7.99 that comes with 40 free trades. After that, trades cost $4.50 each.

M1 Finance, on the other hand, is a free platform for trading with no portfolio management charges. Its earnings stem from lending securities and interest. But, you can opt to level up to an M1 Plus membership for an annual subscription of $125, which comes with a few extra benefits.

Investment Options

With Tornado, you can trade stocks and ETFs. M1 Finance, however, offers “pies,” pre-built portfolios guiding your investment choices. They have 80+ pies aligning with different strategies. You can customize these pies, allowing you to choose your holdings and combine them with an existing pie.

Community and Social Features

Here’s where Tornado sets itself apart. They have an active online community where you can see other users’ investments and portfolio diversification, connect with successful traders, and get advice from expert investors and experienced community members.

Ease of Use

Tornado’s user-friendly layout encourages you to explore new investment ideas right after you sign up. M1 Finance is no different, offering both computer and mobile access, with a simple, clean design that provides an equally great user experience.

Managing Your Portfolio

Tornado offers the Optimizer, an automatic feature that adjusts your portfolio based on your set preferences, and generates suggestions that you can implement with a single click.

M1 Finance, on the other hand, manages your portfolio through its “pies”. Once you set your pies, M1 keeps an eye on your portfolio and rebalances it when you make new fund deposits.

Choosing Between Tornado and M1 Finance

Both platforms have their advantages, but ultimately, the best one depends on your needs. Tornado is innovative and may appeal more to casual investors looking for a collaborative space and personalized content. But keep in mind there’s a monthly subscription fee.

On the contrary, M1 Finance offers customizable portfolios with automated features and has little to no charges for your trades, unless you opt for the M1 Plus membership.

Hopefully, this Tornado vs M1 Finance discussion has shed some light on each platform’s special features, helping you find the one that suits you best.