Investing (US)

M1 Finance Investing app full review

If you want access to over 80 professional portfolios and no charge for trading, the M1 Finance Investing app can be great for you! Read our full review to know more!

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by Victória Lourenço

Published on 09/21/2021

M1 Finance Investing app

Learn more about the M1 Finance Investing app in our full review! Source: M1 Finance
Learn more about the M1 Finance Investing app in our full review! Source: M1 Finance

The M1 Finance investing app can give great investment benefits so you can control and manage them in the best way possible. You can have access to more than 80 professional portfolios, and there are no trading fees.

This app has a promotion where you can get a $30 bonus if you make a $1,000 deposit. In addition, you can pay a monthly fee to be a part of their premium membership and even get 1% cash back on every purchase that you make with the debit card they offer you. So, if you want to know all about this investment app, keep reading our full review!

How to join the M1 Finance Investing app?

Are you interested in an app with self-directed trading and 0 commissions? Read more to know how to apply for the M1 Finance investing app!

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How does the M1 Finance app work?

See more information about how this investing app works. Source: Gettyimages
See more information about how this investing app works. Source: Gettyimages

After opening your M1 Finance account, you can enjoy the benefits it offers. Such as the combination of self-directed trading and automated investing. As well as the app’s offer of letting you purchase or sell parts of your portfolio. Moreover, you can have IRAs accounts at no cost.

M1 Finance investing app benefits

Pros

  • This app has a low minimum deposit requirement.
  • It offers access to over 80 portfolios made by professionals.
  • Automated investing is available.
  • It offers fractional shares and stock or ETF.

Cons

  • Their support does not include a human advisor.
  • The customer service is relatively limited.
  • Limited investment options.

Should you join M1 Finance Investing ?

See if you should open your M1 Finance account. Source: Gettyimages
See if you should open your M1 Finance account. Source: Gettyimages

If you are an investor that is interested in self-directed trading and automated investing, this can be a good investment app option for you. This app can also be a good choice for you if you want an app where you can manage your cash and get a debit card as well.

However, this app has some limited investment options, so if you are a trader or investor that likes to have many different investment options, maybe you can look for another investment app that can better fit your profile.

Can anyone open a M1 Finance account?

Either you are starting in the investment world or you are an experienced investor or trader, you can apply to get this app. However, you will have to go through the application process and provide your information to sign up, like creating a login.

How to open a M1 Finance account?

It can be very easy to open a M1 Finance account. If you liked this app’s features and you want to know how to open your account to enjoy all of them, we can guide you. So, to know how to open your account, check out our post below!

How to join M1 Finance Investing app?

Are you interested in an app with self-directed trading and 0 commissions? Read more to know how to apply for the M1 Finance investing app!

About the author

Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by

Aline Barbosa

Senior Editor

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