All M1 Individual and Joint Brokerage Accounts come with a Margin Loan feature by default.
When your portfolio surpasses $2,000 in invested equity, you are given access to a line of credit. You do not need to use the full line of credit available and will only be charged interest for the amount used.
When requesting to take an M1 Margin Loan, you will be able to choose whether you would like to keep that money in M1 or transfer it to your bank account.
You can initiate a one-time transfer of borrowed funds to your:
External bank
M1 Invest Accounts
Here’s how it works:
1. Under the Borrow tab, select the "Borrow" button
2. Input the Margin Loan amount and where you want to send the funds. Select "continue."
3. Review your transfer details. If everything is accurate, select "confirm." This will create your transfer.
4. You can view your pending and previous transfers under the Transfers tab. You can view your Margin Loan details via the Borrow tab.
You cannot initiate a recurring transfer schedule from an M1 Margin Loan.
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.
All examples above are for informational purposes and should not be considered an offer to buy or sell certain securities. M1 does not provide investment advice.