Verithiathe honest score on any app
Updated July 2026 · real, multi-region App Store reviews
Head-to-head

Schwab Mobile vs M1: Invest & Bank Smarter

Schwab Mobile 4.8★ · Free to download 75
Winner Schwab Mobile
M1: Invest & Bank Smarter 4.7★ · Free to download 60

Schwab Mobile is better for active traders and those needing real-time data and comprehensive features, while M1 is better for passive, long-term investors who prefer automated portfolio management.

Full reviews: Schwab Mobile · M1: Invest & Bank Smarter

Schwab Mobile offers a more robust trading experience with better real-time data and customer support, despite some recent stability and feature complaints. M1 excels in automated, long-term investing with its 'pie' feature, but is hampered by limited trading windows, significant fees, and customer service issues.

Head to head

Features & Functionality edge: Schwab MobileR2R5R6R15
Schwab Mobile Schwab Mobile users appreciate its directive trading and tracking, and find it intuitive for investing R2. However, many users report missing key features like after-hours trading, stock slices, CD purchasing, and a dedicated news feed R6R15. Some also desire better research access and more detailed profit/loss displays R5.
M1: Invest & Bank Smarter M1 is highly praised for its 'pie' feature, allowing users to control investment allocations and rebalance portfolios for passive, long-term investing . However, users frequently complain about the lack of real-time trading, being limited to only one or two trading windows per day, which can lead to missed opportunities R81R85R90R105. Other missing features include detailed lot information and flexible auto-invest options .
Ease of Use & Interface tieR2R4R18R30
Schwab Mobile Many Schwab Mobile users find the app easy to use, simple, and user-friendly, especially for beginners R2R32. However, recent updates have led to complaints about a cluttered interface, difficulty finding information, and non-obvious clickable links R4R30. Some users also find it complicated or not well laid out R18.
M1: Invest & Bank Smarter M1's 'pie' concept is often described as simple and easy for automated investing . Despite this, many users find the app not very user-friendly or intuitive, especially for beginners . Specific complaints include difficulty finding tickers, issues with saving new portfolios, and a bad UI overall .
Reliability & Performance edge: Schwab MobileR3R9R10R13
Schwab Mobile Schwab Mobile faces significant criticism regarding its reliability, with frequent reports of the app going down, freezing, and being unstable R10R13R22. Users consistently complain about lagging or inaccurate real-time stock prices, leading to missed trades R3R9R16R22. Connectivity issues and broken advanced charts are also noted .
M1: Invest & Bank Smarter M1 users report stability problems, including the 'Invest' tab showing blank and other bugs that prevent viewing investments . Trading times and executions are cited as inaccurate . Some users also experience issues with pending transfers not showing and metrics not updating .
Price & Value edge: Schwab MobileR8R24R42R46
Schwab Mobile Schwab Mobile is appreciated for its no-commission trading R8. While there are no explicit complaints about fees for basic services, some users mention issues with money transfers and deposits R24R42R46.
M1: Invest & Bank Smarter M1 users express significant dissatisfaction with a recently introduced $3 monthly fee, which many feel was undisclosed or hidden R96R104R108. Additionally, M1 charges a $100 fee for closing Roth IRA accounts, which is seen as absurd and a reason to move funds R75R96.
Customer Support edge: Schwab MobileR20R32R47R73
Schwab Mobile Schwab Mobile users generally praise the customer service, noting that actual humans are available on the phone line and that people at Schwab outlets are very helpful R20R32R47.
M1: Invest & Bank Smarter M1 receives strong criticism for its customer support, with users reporting an inability to get timely assistance, receiving incorrect information, and feeling like they are dealing with an AI bot . Users also struggle with account closure issues, with funds being held or fees charged while accounts remain open R73R108.
Pick Schwab Mobile if

Pick Schwab Mobile if you need real-time stock data, prefer a broader range of trading features, and value reliable customer support R2R8R20R32. It's also better if you're an active trader who needs quick execution and comprehensive market access .

Pick M1: Invest & Bank Smarter if

Pick M1 if you are a long-term, passive investor who appreciates automated portfolio management and the 'pie' investing concept . It's suitable if you want to set and forget your investments with fractional shares .

Evidence note: Schwab Mobile has a significantly larger number of ratings, which may lead to a broader range of reported issues, especially concerning recent app changes and stability. M1's negative reviews are heavily skewed towards recent fee introductions and customer service problems.

Frequently asked

Does Schwab Mobile offer real-time stock data?
Schwab Mobile users frequently report issues with lagging or freezing stock prices, indicating that real-time data is often not available or inaccurate, leading to missed trading opportunities R3R9R16R22.
What are the main fees associated with M1?
M1 has introduced a $3 monthly fee, which many users claim was undisclosed, and charges a $100 fee for closing Roth IRA accounts R75R96R104R108.
Can I trade after hours with Schwab Mobile?
No, Schwab Mobile users have requested after-hours trading, noting that other platforms offer it but Schwab users are currently left behind R6R18.
Does M1 allow for flexible trading times?
No, M1 restricts trading to only one or two specific windows per day, which users find limiting and can cause them to miss market movements R81R85R90R105.

What reviewers actually said

Built only from these 120 real reviews (foreign ones translated). Superscripts jump to the quote here. Apple has no per-review links, so [ref] opens that app's reviews on the App Store.

  1. [R2] Schwab Mobile 5/5 · US Schwab Mobile Works!: Easy directive trading and tracking.
  2. [R5] Schwab Mobile 4/5 · US Research: Not enough access.
  3. [R6] Schwab Mobile 3/5 · US After Hours Trading: Enjoying Schwab but we need to add extra hours onto our trading day Other platforms are doing it on popular stocks and etf’s. Schwab users should have access to that so not to be left behind
  4. [R15] Schwab Mobile 3/5 · US I want to be able to purchase CDs on the App.: I want to be able to purchase CDs on the App.
  5. [R4] Schwab Mobile 1/5 · US Useless: Easily the most useless financial app I have. Can’t even get find information in the app ro it goes an error and says it doesn’t know any funds. What a joke. Old app at least led you to the website to get more info, this new app doesn’t give you that option which makes it useless other than only seeing your count balance. I’d guess anyone that works at Schwab doesn’t use their own app.
  6. [R18] Schwab Mobile 3/5 · US better options: not very user friendly. No trading until 7am (other platforms allow much earlier). hard to get in and out of positions quickly.
  7. [R30] Schwab Mobile 3/5 · US Rethink user interface: Not well laid out interface. Usability is ok at best. Need to rethink presentation to customer - also tying to add a nickname to submit review - way to cumbersome
  8. [R3] Schwab Mobile 3/5 · US Lag: Quotes are not timely, leading to inaccurate pricing. I've already written a review, but it keeps popping up repeatedly. · translated
  9. [R9] Schwab Mobile 3/5 · US Wish it was real time: Wish the app could give you real time numbers. It seems to freeze on the numbers when it opens and doesn’t update.
  10. [R10] Schwab Mobile 1/5 · US Worst Trading App: This app continually goes down. Never had issues with TD Ameritrade, but since Schwab bought them, this app has been nothing but issues.
  11. [R13] Schwab Mobile 1/5 · US Very unstable: app is very unstable
  12. [R8] Schwab Mobile 5/5 · US Great platform for investing: The best of the best, no commission and available for Chinese people, go Schwab!
  13. [R24] Schwab Mobile 3/5 · US Individually targeted: I’ve tried to transfer money from bank to bank and there have been times that I’ve been in severe need and Charles Schwab insured that I would not find success. I was in California needing a hotel they would not accept a transfer within the same business day. I was unable to get a hotel a hotel I had to sleep in my car as a result. They’re friendly and professional, but if y
  14. [R42] Schwab Mobile 3/5 · US Wires: I’ve tried to wire funds to family members and half have been cancelled with no explanation, no alert.
  15. [R46] Schwab Mobile 1/5 · US No deposited: They don’t let you deposit cash into your accounts (even the checking accounts). They say it’s because they aren’t a bank, but if you notice, when they email you, they leave this: “Thank you for choosing Charles Schwab Bank.” What kind of bank can’t decide whether or not it is one and doesn’t allow you to make deposits?
  16. [R20] Schwab Mobile 5/5 · US Excellence on platform: People at Schwab outlets are very helpful
  17. [R32] Schwab Mobile 5/5 · US Easy: Easy platform, trader friendly for beginners. Customer service line was an actual human and not a recorded line.
  18. [R47] Schwab Mobile 5/5 · US Performance: Professional, felt I had a team to Accomplish what I needed to!
  19. [R73] M1: Invest & Bank Smarter 1/5 · US It sucks: I’ve tried to close my account multiple times. They just don’t listen. They keep taking my money and moving it to pay their fees. They keep saying they’re closing my account yet it remains open. Their customer service is a joke and the whole thing is a scam.
  20. [R16] Schwab Mobile 1/5 · US App Refresh Rate: Recently, the app refresh rate is horrible when it comes to keeping up with stock prices. Stocks often lag to update while monitoring them in my Watch List. This happens at home in good WiFi. The app layout is great and user ability is very simple and friendly.
  21. [R22] Schwab Mobile 1/5 · US Missing trading: The app looks great on the suffice. However, streaming data is never available. I missed many tradings and some bad trading in this app. I can’t believe Charles Schwab can’t make a good app. When it was with AmeriTrade I had no issue, always live data.
  22. [R75] M1: Invest & Bank Smarter 3/5 · US Charges $100 when you close your account: I closed my account since I wanted to consolidate all my retirement accounts with the one offered by my employer. I can’t withdraw all my funds since M1 is charging $100 for Roth IRA account closures. I’ve been holding the account since 2021. I did the same thing with my Roth IRA with Fidelity and everything went smoothly.
  23. [R96] M1: Invest & Bank Smarter 1/5 · US Greedy app with tons of fees: I’ve been using M1 since I could start investing in 2018, they were originally free and a great option for automated investing. Now that I’m having some financial troubles and needing to pull funds out, not only do they charge you $3/month but they are now charging $100 to liquidate your account… that’s so absurd. Will be moving funds to another platform asap.
  24. [R104] M1: Invest & Bank Smarter 1/5 · US Having to pay $3 month: Well i had the account for quite some time. I found out that , since 3 months back i was getting charged 3$ a month, so far I never recall getting informed or read anything about it. So im liquidating my positions. And move the money to other account, where im not getting charged for using my own money.
  25. [R108] M1: Invest & Bank Smarter 1/5 · US $3 a month “fee” for nothing: They hide it as well so you don’t realize. Stealing money from you. Also, I’ve tried to Delete and close my account. And they are still charging fees while they “process my account shutdown”. They should be in jail for fraud
  26. [R81] M1: Invest & Bank Smarter 3/5 · US Good app: wish you add capability to trade any time not just twice a day. you should make this app as flexible as rh
  27. [R85] M1: Invest & Bank Smarter 1/5 · US Modern portfolio management concept but poor execution: Love the concept of pie. It makes portfolio management really easy. Cons and why only one star: today when markets are moving more than 2-3% intraday, restricting to only 2 buy windows during the day is not acceptable. The thought that this is long term holding and it shouldn’t matter, is completely wrong. Most times market show reversal du
  28. [R90] M1: Invest & Bank Smarter 3/5 · US Good: Can be better; even with two investing windows, if you set up buying it will take over 15 to close half hour to buy in that window. Faster investing buying would make this app one of the best.
  29. [R105] M1: Invest & Bank Smarter 4/5 · US Sad to leave, but Robinhood fits my needs better.: M1 is great for long term investors who want an easy, worry-free, investing style. I love the pie feature however there are two places where M1 has fallen short compared to Robinhood. There are only two trade windows where Robinhood is all trading sessions including overnight. Also Robinhood offers a higher APY on uninvested cash. This is why I’ve

Synthesized from 120 recent App Store reviews · updated July 2026 · View on the App Store