M1 Finance is a completely virtual and automated investment platform. It provides an option to buy fractional shares from giant corporations and multinational companies, giving users total access to the US stock market. In this article, we cover M1 Finance reviews and pricing. Ready to get started? Sign up for free.
Summary of Positive M1 Finance Reviews
Users who gave M1 Finance a positive review like that the platform is simple and easy to use. They also commend it for offering fractional share-buying. Great customer support was also cited.
One user who gave M1 Finance a positive review on Facebook said that M1 Finance’s fractional share model has made his investment dreams a reality. He said that as a small retail investor with a modest amount of funds, he was previously limited to buying low-priced stocks. However, according to him, M1 Finance’s fractional share-buying enabled him to “play with the big boys” and buy stocks from giant American companies.
Summary of Negative M1 Finance Reviews
As of the date this article was written (03/19/2019), there are no negative reviews about M1 Finance online.
M1 Finance Pricing
M1 Finance pricing has two options: M1 Finance (a free subscription type that requires users to have a minimum amount of $100 in their account for taxable accounts and a minimum amount of $500 for retirement accounts) and M1 Plus (a subscription type that charges $50/year for the use of the platform).
Ready to get started with M1 Finance? Sign up for free.
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M1 Finance Services
Check out the list below of some of M1 Finance’s offerings:
- Online Brokerage
- Custom Portfolio Building
- Automated Investing
- Fractional Shares
- Military-Grade Encryption
M1 Finance FAQs
Who can use M1 Finance’s investment services?
US citizens and permanent US residents (or Green Card holders) over the age of 18 with a current US mailing address can apply to open an M1 account.
What types of accounts does M1 Finance support?
M1 Finance currently supports brokerage (personal and joint), retirement (traditional, ROTH, and SEP), and trust investment accounts.