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.