M1 Finance

SEC registered broker-dealer; Member FINRA / SIPC.

M1 Finance LLC CRD#: 281242 / SEC#: 8-69670; M1 Advisory Services LLC CRD Number 249787, SEC File Number 801-106511.

Not disclosed in extracted official sources; needs editor review.

No explicit negative balance protection found for brokerage or crypto accounts; margin account disclosures emphasize maintenance calls and possible forced liquidation if equity falls below maintenance requirements.

Member SIPC; securities customers protected up to $500,000 including $250,000 cash. Certain Apex-cleared accounts have excess SIPC. High-Yield Cash balances are eligible for FDIC insurance up to $4.75M when swept to partner banks. Crypto is not SIPC or FDIC insured.

Minimums: $100 individual/joint/custodial brokerage; $5,000 trust; $500 Traditional/Roth/SEP IRA; $100 crypto; High-Yield Cash individual account shows no minimum to open but stated APY requires $100 minimum initial deposit.

Not applicable or not broker-level for this investment-platform profile; review if leveraged products apply.

M1 Finance LLC does not charge commission, trading, or management fees for self-directed brokerage accounts, but platform, regulatory, account closure, ADR and other fees may apply.

Borrow up to 50% against eligible securities with M1 Margin Loans; not all securities are eligible and available margin may require more than $2,000 per brokerage account.

Direct ACH deposits from or to connected bank are always free; incoming wire fee is $0, though sending bank may charge.

ACH transfers are free; outgoing domestic wire from Earn is $25; outgoing direct account transfers are $100.

Low-balance M1 investment accounts with value $50 or less and zero trading or deposit activity for 90+ days will be closed and remaining balance up to $50 charged as a Minimum Balance Fee.

M1 is not available outside the U.S. except for eligible U.S. citizens or permanent residents with U.S. address and phone.

Most stocks and ETFs listed on major U.S. exchanges such as NYSE and NASDAQ, certain OTC securities, fractional shares, and selected cryptocurrencies via Bakkt.

M1 products are offered via its website and M1 Finance mobile application, available on iOS and Android.

Individual Brokerage, Joint Brokerage, Trust, Custodial, Traditional IRA, Roth IRA, SEP IRA, Cash Account (High-Yield Cash), Crypto Account.

External bank connection via Plaid or micro-deposits supports deposits/withdrawals; incoming wires are available for High-Yield Cash/Savings; brokerage transfers can be initiated via ACAT.

Withdraw via linked external bank; High-Yield Cash/Savings support outgoing domestic wires by form; direct account transfers out are available for a fee.