Investing (US)

M1 Finance: overview on M1 Finance Investing app

M1 Finance is a great investment app that can give you more autonomy when trading. To know more, read our overview of this investment app!

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by Victória Lourenço

Published on 09/21/2021

M1 Finance Investing app

Check out our overview of this great investing app. Source: M1 Finance
Check out our overview of this great investing app. Source: M1 Finance

M1 Finance is an investment app that can give you more autonomy when investing. This app can give you different investment options, like self-directed trading and automated investing. You can even have IRAs accounts add access to a great number of professional portfolios.

Also, this app offers an account with a premium membership that you can even get cashback! So, to know a bit more about this app, keep reading our overview!

How to apply for 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!

Trading feesNo trading fees
Account minimum$100 and $500 for IRAs
PromotionIf you make a deposit of $1,000, you can get a $30 bonus
Investment choicesStocks and ETFs

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What is special about M1 Finance?

Check out some special features of this investing app. Source: Gettyimages
Check out some special features of this investing app. Source: Gettyimages

M1 Finance

Low minimum deposit and fractional shares

Low minimum deposit required
Automated investing
Get acces to over 80 professional portfolios
Fractional shares and stock or ETF

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This app can be very special for certain types of traders. There are over 80 professional portfolios available to its users. And it can be great for people who are new to the investing world. Also, there is the feature of investing in fractional shares (stocks and ETFs).

In addition, this app offers a free checking account inside the app. This account has M1 Spend tier, and you can receive paychecks, pay your bills, use a debit card. Also, it has 0% interest on checking and 0% cashback.

Moreover, there is the M1 Plus tier, which is the app’s premium membership. It offers 1.5% interest and 1% cashback on all spendings that they make using their M1 debit card. But, this tier has a fee that is charged monthly.

Who can apply for the M1 Finance investing app?

Different types of traders and investors can apply to have this app. Source: Gettyimages
Different types of traders and investors can apply to have this app. Source: Gettyimages

Beginner traders and experienced traders can apply to this investing app. The platform is free, with no trading commissions or other related costs. Also, people who are interested in automated investing can apply to this app to enjoy this type of feature. Moreover, this app can also be great for those who want to do self-directed trading.

M1 Finance Investing app full review

Are you a trader looking for an app with automated investing and no trading fees? Read our full review of 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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