You can have up to 10 Invest Accounts at M1, not including Custodial or Cash Accounts. Learn about the account types that you can open at M1.
Each client can open the amount of accounts listed below:
Up to 5 total:
Individual Brokerage and/or
Joint Brokerage
1 of each of the following:
Trust,
Crypto Account,
Roth IRA,
Traditional IRA, and
Sep IRA
Unlimited:
Custodial Accounts
Each client can select between an Individual Brokerage Account or IRA as their first Invest Account. At this time, you can only open an IRA as your first M1 Invest Account on Web. You’ll be able to open additional accounts after you complete opening your first Individual Brokerage Account or IRA.
This can take up to 24 hours to process.
To open a new M1 Invest Account:
Select the account type
Brokerage accounts on the M1 platform are either fully disclosed to APEX Clearing or cleared through M1 Finance LLC. Please look at your account statement to determine how your account is cleared.
All investing involves risk, including the risk of losing the money you invest. Past performance does not guarantee future performance. Using margin can add to these risks. Users utilizing APEX cleared margin accounts should review the APEX margin account risk disclosure before borrowing. Users utilizing M1 cleared margin accounts should review the M1 margin account risk disclosure before borrowing. M1 Margin Loans are available on margin accounts with at least $2,000 invested per account. Not available for Retirement or Custodial accounts. Margin rates may vary.
Brokerage products and services are offered by M1 Finance LLC, Member FINRA / SIPC, and a wholly owned subsidiary of M1 Holdings, Inc.
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