M1 Finance Reviews
(Rated by 11 users)
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Payment Methods
- Credit/Debit Cards
Payment Methods
- Verified Store VERIFIED
- Free shipping: Orders $50+
- In-store pickup: Ready in 2 hours
- 30-Day Returns
- Gap Good Rewards (4 brands)
Payment Methods
- Tops: $23 - $70
- Bottoms: $27 - $70
- Outerwear: $34 - $70
- Kids: $29 - $75
Today's Best Deals
Overall Rating
4.7
Base on 11 Reviews
Ratings by Feature
Ratings by Feature
- Good Value4.5
- Shipping & Delivery4.5
- Return Policy4.5
- Price & Quality4.3
- Customer Service4.3
Recent Customer Reviews (11)
Heloise Barrientos
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Micah Vanness
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Cody Prevost
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Brady Garza
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Misha Pijnacker
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Kevin McGee
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Dennis Rothstein
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Matthew Severson
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Olivia Lewis
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Owen Mann
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M1 Finance Pricing
Platform Fee
$3
M1 Plus Membership
$36 per year
Standard Brokerage or Crypto Account Minimum
$100
IRA Account Minimum
$500
Trust Account Minimum
$5,000
Margin Borrowing Rate
7.25%
Personal Loan Rate
starting at 7.99%
High-Yield Cash Account APY
5.00% APY
Cash Back Rewards
up to 10%
M1 Plus Cash Back
1.5%
Payment Methods
Accepted Payment Options:
Prices for items on M1.com vary widely depending on the type of clothing and promotions available. Typical price ranges include:
Credit/Debit Cards
Payment Process
- Payments can be made online during the checkout process.
- For M1 Finance credit card payments, options include online payments, mail, or phone calls, but in-store payments are not accepted.
Refund Information
Refunds for returns will be processed back to the original payment method used during the purchase.
M1 Finance Pros & Cons
Pros
1
Fee-Free Trading: M1 Finance offers commission-free trades for stocks and ETFs, making it cost-effective for investors.
2
Automated Investing: The platform provides automated investment management with features like dynamic rebalancing, which helps maintain desired asset allocations without manual intervention.
3
Model Portfolios: Users can choose from over 60 pre-built model portfolios (referred to as "Pies"), simplifying the investment process for beginners.
4
Fractional Shares: M1 allows the purchase of fractional shares, enabling investments in high-priced stocks without needing to buy a full share.
5
High-Yield Cash Account: Offers a competitive interest rate on cash balances, providing a way to earn returns on uninvested funds.
6
Low Margin Rates: For those interested in borrowing, M1 provides low-interest margin loans, enhancing buying power.
CONS
1
Limited Investment Options: The platform lacks access to certain assets such as mutual funds, individual bonds, and options trading, which may deter advanced investors.
2
Restricted Trading Windows: M1 has limited trading windows, with only one trade window per day for standard users, which may not suit active traders.
3
No Human Advisors: There are no available financial advisors or personalized advice, which could be a drawback for those needing guidance.
4
Limited Research Tools: The platform offers basic research capabilities, lacking the comprehensive tools found in more traditional brokerages.
5
Monthly Fee for Small Accounts: A monthly management fee of $3 applies to accounts under $10,000, which may be a disadvantage for small investors.
M1 Finance Features and Benefits
Features
Commission-Free Platform
Trade stocks and ETFs without commission fees, making it cost-effective for investors.
Investment Pies
Build portfolios of individual assets, ETFs, and other Pies for passive, long-term investing.
Dynamic Rebalancing
Automated investment management that maintains desired asset allocations without manual intervention.
Model Portfolios
Over 60 pre-built Pies that simplify the investment process for beginners.
Fractional Shares
Purchase fractional shares to invest in high-priced stocks without buying a full share.
High-Yield Cash Account
Earn 5.00% APY on cash balances and returns on uninvested funds.
Cash Back Rewards
Earn up to 10% cash back on everyday purchases at select merchants, which can be reinvested into investment accounts.
M1 Plus Membership
Provides extra rewards and perks, including 1.5% cash back on all purchases for $36 per year.
Owner’s Rewards Card
Deposits cash back into M1 Spend or Invest accounts, functioning like a checking account.
Visa Signature® Benefits
Offers hotel discounts and ID theft protection.
Low Margin Rates
Borrow up to 50% of portfolio value at 7.25% to enhance buying power.
Personal Loan
Available starting at 7.99% interest.