Unlike other investing platforms, you’ll never be charged:

• Commissions on any trades
• Platform usage fees
• For depositing or withdrawing from your connected bank

We believe your money should work harder for you, that’s why we eliminated fees that many other brokerages charge their customers

M1 doesn’t charge for normal platform use. But we also know some investors may request additional account operations from time to time. That’s why we offer the following services for a fee:

 

 

M1 INVEST ACCOUNT FEES 

Request for paper copies 

Overnight mail – Domestic (per request)	$125
Overnight mail – International/ Canada (per request)	$100
Paper confirm fee (retail paper only) (per request)	$2
Paper statement fee (retail paper only), (per 50 pages)	$5
Paper tax statement fee (retail paper only), (per 50 pages)	$5
Return mail (per piece)	$2
Paper copy request for tax docs	$50

 

Account Maintenance 

Inactivity fee: accounts with up to $20 & no activity for 90+ days.	$20
Escheatment processing (per account)	$75
TOD account transfer fee (per transfer)	$200

 

Direct Account Transfers 

Incoming	$0
Outgoing	$100
Computershare transfers (per Computershare security transferred)	$115

 

Other 

IRA termination fee (per event)	$100
Mutual fund sales	$20
Liquidating securities traded on foreign exchanges	$50
Rights/Warrants/Tender Offer Exercise Fee	$50

 

Bank fees – M1 Invest Account

Please note: Direct ACH deposits from or to your connected bank account are always free. 

Wire transfer (domestic)	$25
Check request	$25
Returned checks/ACH/wires and recalls	$30
Amendment repairs	$30
ACH notice of change/correction	$5

 

Bank fees – M1 Checking Account

ACH return fee

$30

 

Regulatory fees 

Regulatory expenses are mandated fees passed on to the consumer. These occur when users sell a stock or ETF, and often cost only a few pennies. For example, if you sell ten shares of Apple stock at $150 per share, you would pay a total of 4 cents in regulatory expenses — 3 cents in SEC fees and 1 cent in TAF fees. These costs are calculated as follows: 

 

Fee formulas

• SEC Fee = total price of transaction * $22.90 / 1,000,000 ¹
• TAF = "$0.000145 per share for each sale of a covered equity security with a maximum of $7.27 per trade." ²

*Fees are rounded up to the nearest penny 

Please note when trading American Depository Receipts (ADR), fees may apply and are charged to you as the holder of the ADR.  

 

M1 PLUS FEES 

Annual Subscription Fee

$125

 If you have further questions, please contact us.