This article will cover:
How do I contact M1?
- Instant Help - the chat bubble icon at the bottom right of your screen.
- Send us an email.
- Give us a call at 312-600-2883.
Our team is available Monday through Friday, from 9 am to 4 pm ET, unless there is a market holiday.
Am I eligible to open an M1 account?
At this time, you must meet all the following criteria to open an account:
- United States’ citizen or permanent residents (green card holders)
- Age: 18+
- Current US residential address
- US phone number
Will M1 be available outside of the US?
We don’t have immediate plans to expand outside the US, but we are excited to continue growing and will announce if anything changes.
What is M1?
M1 has all you need to take control of your finances with M1 Invest Accounts, M1 Margin Loans, M1 High-Yield Savings Accounts, and M1 Personal Loans all in one easy-to-use platform.
- M1 Invest Accounts: Flexible, customizable, and automated. It’s your money, intelligently invested the way you want, commission-free.
- M1 Margin Loans: A flexible line of credit at a low, low rate. Borrow via a Marin Loan against your investments at 7.25-8.75%* without extra paperwork.
- M1 High-Yield Savings Account: Your personalized Savings Account that helps you reach your savings goals faster with interest rates big banks would never dream of offering you. Please note, we are temporarily pausing new M1 High-Yield Savings Accounts from being opened at this time.
- M1 Personal Loan: Cash that is borrowed for personal use such as debt consolidation, home improvements, medical expenses, moving or relocation, vacations, special occasions, or major purchases.
We believe in a hands free investment strategy for the long term investor. The platform has the perfect mix of personalization and automation to start making your own money moves. It takes care of the day-to-day tasks so you can concentrate on the big picture.
How much does M1 cost to use?
Unlike other investing platforms, you’ll never be charged commissions or markups on any trades, a platform usage fee, or to deposit or withdraw from your connected bank— because we believe your money should work harder for you.
What are Pies?
A Pie is the building block of your portfolio at M1. It’s where all your stocks and funds live.
Pies allow you to choose your own stocks and funds to build a portfolio completely customized to your unique goals.
You can combine your investment picks into a Pie and build your ideal long-term portfolio.
How does Auto Invest work?
With Auto Invest, M1 directs money from every deposit to make sure your portfolio stays on track with your targets.
That means you can invest cash into your Pie and maintain your investment targets without any manual calculations.
What is Rebalancing?
With M1's Dynamic Rebalancing, every trade with new cash in your portfolio pushes you closer to the target percentages you set.
Whenever your account makes new trades, the algorithm identifies slices that are most relatively underweight and puts money in those first.
What is M1 Plus?
M1 Plus is an annual or monthly membership that unlocks benefits including:
Access to our afternoon trade window*
1.50% reduction on the base rate for M1 Margin Loans**
Up to 10% cashback with the Owner’s Rewards Card by M1***
1.50% APR discount on interest rate for M1 Personal Loans*****
Getting started at M1
What account types does M1 support?
- M1 Individual Brokerage Account
- M1 Joint Brokerage Account
- M1 Traditional IRA
- M1 Roth IRA
- M1 SEP IRA
- M1 Trust Account
- M1 Custodial Account
- M1 Crypto
*Custodial Accounts are only available for M1 Plus users.
How do I initiate a brokerage transfer into M1?
We’re happy to hear you’re interested in a transfer! To initiate a transfer:
- Open the desired account type at M1
- Navigate to the Home tab and select “Move Money”
- Select "Transfer from another brokerage"
Why is my account rejected?
Common reasons clients are “rejected” include:
- A security freeze
- A typo in your personal information
- You are between the age of 18-23
- You don’t have a credit history
Send us an email to verify and open your account.
How do I open an additional account?
Open an additional M1 Invest Account here.
Please note: It may take up to 24 hours to be able to open an additional account type after opening your M1 Individual Brokerage Account or IRA. At this time, you can only open an IRA as your first M1 Invest Account on Web.
How do I connect and verify my bank?
You can connect your bank through plaid or manually with microdeposits. Learn how to connect and verify your bank.
Trading at M1
How does trading at M1 work?
The trade window is the window of time each weekday when M1 makes all trades for client accounts.
M1 has 2 trading windows:
- 9:30am ET
- 3:00pm ET
The afternoon trade window is exclusively available to M1 Plus members. Find out more about M1 Plus here.
How do I trade with Auto-Invest?
Most M1 clients manage their portfolio with Auto-Invest turned on.
With Auto-Invest on, any time your cash balance meets or exceeds $25, M1 will automatically invest your cash balance into your portfolio.
To select this option, turn Auto-Invest on and set your minimum cash balance to $0.
Can you still place manual trades?
M1 allows you to place individual orders to buy or sell stocks directly from specific Slices of your portfolio.
To place an order:
- Select the desired Slice of your Pie
- Choose Buy/Sell
- Confirm your order details.
Is M1 a robo advisor?
M1 is not a robo advisor. M1 does not place trades for you. The platform empowers you to make trades based on your Auto Invest settings.
How can I change my account information (email, phone number, password)?
Please submit a request to change the account information associated with your M1 account.
You’ll have to upload a photo of a non-expired government-issued photo ID. Once we verify your identity, we will be able to make your requested changes.
Send us an email and we’ll get back with you shortly!
How can I set up recurring transfers?
Learn how to set up recurring transfers through the Invest tab.
Where can I edit my recurring deposits?
View step-by-step instructions and learn more on how to edit, pause, or cancel your recurring transfers here.
Is M1 insured?
Your security is our priority. We are a registered broker/dealer with FINRA and a member of SIPC.
SIPC (Securities Investor Protection Corporation) protects against the loss of cash and stocks you hold.
Member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org
SIPC does not protect you from any decline in the value of your securities.
Certain accounts clearing through Apex Clearing also have supplemental insurance if SIPC limits are exhausted.
In the event of insolvency at Apex Clearing, claims that exceed the standard SIPC limits may be able to make a claim against Apex Clearing under their excess insurance policy. That excess SIPC policy has an aggregate limit of $150 million across all Apex Clearing accounts, subject to sub-limits per each individual customer of $37.5 million for securities and $900,000 for cash to protect customer assets.
Since cryptocurrencies are not covered securities, Crypto Accounts are not protected by SIPC insurance.
Is my information safe with M1?
Yes. All data transferred and stored within our systems is protected with military-grade 4096-bit encryption.
How do I enable 2FA?
Two-factor authentication (2FA) is the most secure way to identify you and protect your account.
After entering your password, you’ll submit a second piece of information that lets us know it’s you logging in.
The second piece of information is normally an answer to a question, or a code sent to your mobile device.
How do I change my password?
Please visit our website to reset your password.
If you are unable to reset your password, contact us!
*Participate in both trade windows when you have $25,000 or more equity to comply with
pattern-day trading regulations.
*M1 Margin Loans are available on margin accounts with at least $2,000 invested per account. Not all securities are available for M1 Margin Loans and the amount that may be borrowed against a security is subject to change without notice. Available margin amount(s) of M1 Margin Loans may require greater than $2,000 per Brokerage Account. Not available for Retirement and Custodial accounts. Margin rates may vary.
You can take an M1 Margin Loan of up to 40% of your portfolio value at 8.75% interest rate, or 7.25% if you are an M1 Plus member*.
***Owner’s Rewards cannot be paid out to an M1 Traditional IRA, Roth IRA, SEP IRA, Trust Account or Custodial Account.
Owner's Rewards Card by M1 not available for US Territory Residents. 1.5%-10% credit card cash back rewards earned on eligible purchases subject to a maximum of $200 cash back per calendar month. Review Cardholder Agreement and Rewards Terms for important information about the Owner’s Rewards Card by M1. The Owner’s Rewards Card by M1 is Powered by Deserve and issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC.
***** Lowest fixed rates available to M1 Plus members only, subject to credit history, income, term of loan, and other factors. Rates are not guaranteed and are subject to change. Not all applicants qualify for the lowest available rate.
M1 Plus is a paid membership that confers benefits for products and services offered by M1 Finance LLC, M1 Spend LLC and M1 Digital LLC, each a separate, affiliated, and wholly-owned operating subsidiary of M1 Holdings Inc. “M1” refers to M1 Holdings Inc., and its affiliates.