When comparing 1Password vs My Login Vault, the Slant community recommends 1Password for most people. In the question“What are the best offline password managers?” 1Password is ranked 5th while My Login Vault is ranked 15th. The most important reason people chose 1Password is:
An iteration on the UI brings a polished look that was already good-looking to begin with. It even tries pulling in relevant app and web icons, adds credit cards logos and has little animation to make the experience more pleasant.
Specs
Ranked in these QuestionsQuestion Ranking
Pros
Pro A clean, good-looking and intuitive UI
An iteration on the UI brings a polished look that was already good-looking to begin with. It even tries pulling in relevant app and web icons, adds credit cards logos and has little animation to make the experience more pleasant.
Pro Available as a webapp, as a standalone application, as an extension, and more, across most platforms, browsers, operating systems, and devices.
Versatility and synchronicity for the majority of the devices and platforms you use. Plus, all software is free with a paid subscription.
Pro Browser integration
Easily fill in passwords with a single keystroke combination.
Quickly add new and update existing passwords right from the browser when the login is detected by the free browser extension.
Pro Can perform an audit on passwords
1Password can checks for weak, duplicate and old passwords you have stored.
Pro Easy to use autofill and password generator
Automatically logs into websites, enters credit card information, fills registration forms, and easily generates strong passwords. Password generator can be adjust to use or exclude certain characters and patterns.
Pro Warns of website vulnerabilities
A feature called Watchtower cross-references known website vulnerabilities with stored login information using a database that is updated daily.
Pro Can also store software and license keys
Pro Collaborative password management
1Password offers an option to create a shared vault for sharing passwords among friends, family and co-workers.
Pro Time based one time passwords
Pro Version now supports time based one time passwords (instead of installing google authenticator).
Pro AES-256 encryption
For more information see here.
Pro TouchID support
All TouchID capable devices are supported.
Pro Cloud & Wi-Fi sync
1Password offers syncing through cloud storage services such as Dropbox and iCloud and a possibility to sync locally over Wi-Fi if you opt not to use cloud storage.
Pro Endorsed by many high credibility security experts
This app is endorsed by many high credibility security experts (for example, Troy Hunt ).
Pro Great customer support
Pro Can store secure notes
1Password can store secure notes which don't file cleanly into other areas like passwords or bank details. Secure notes can be used to record anything you want.
Pro Can use multiple vaults at once and search across vaults
One could manage a vault for work, a vault that's personal and a shared family vault while keeping the details of each segmented from each other and only sync'ed where/if desired.
Pro Active community of users and active / blogging development team
There is an immense sense of community and openness with 1Password.
Pro Periodically assessed by external security auditors and their findings are repaired quickly
Pro Available on multiple platforms
Pro Doesn't depend on the cloud
Unlike many other password management tools, by default the 1Password encrypted database is not stored in the cloud, but strictly locally, for added security.
Pro Makes use of keys so that password to login is never in transit
Pro Unlimited logins and categories
You can add an unlimited number of logins and categories, in order to make organizing passwords easy.
Pro Privacy options
Privacy options, such as auto shutdown, prevents access when you leave your desk by never showing passwords, unless you ask it to.
Pro Choice of style
A credit card for the wallet or key ring for keys allows the user to visually see differences in their accounts.
Pro All data is stored offline
The app does not call home, ever, as it is a non cloud-based app. It encrypts and stores the data on the users USB.
Pro Simple to use
Easy to use for non techies.
Pro No recurring fees
There is no monthly or yearly fee, and you get a years worth of free updates.
Cons

Con Not open source (free/libre)
This application is proprietary, and thus cannot be modified, freely distributed, or trusted to be secure.
Con Inability to fill password sometimes
You have to fill twice to make it work.
Con Default is subscription model
It's really hard to find out how to obtain a full license.
Con Support sucks
Support does sometimes does not read requests thoroughly, and offers ham-baked or non-workable sulutions.
Con Unintuitive and slow responding UI
A hot mess of desktop applications and browser plugins that are supposed to work together, but don't always do. Browser plugins frequently become unresponsive and are very basic in comparison to other solutions.
Con Lack of Google Drive sync
Only icloud, wifi and Dropbox support.
Con Tough/impossible to get on Chromebook
Con Does not auto-fill and generate passwords in Microsoft Edge for Windows 10
The 1Password Edge extension doesn't work as well as in other browsers, as it can't auto-fill and generate passwords. Only LastPass seems to have a fully-functional browser plugin for the Edge browser at this time.
Con Unreasonably high price
It has a high monthly subscription price.
Con Does not sync over devices
This is an offline app (non cloud based), it only works on Windows PCs and does not sync with your mobile, for example.
Con May be too simple for techies
Ideal for the average computer user, but maybe not enough options for the more techie individual, as there is no browser integration.
Con No multiple users
Only suitable for one user.
